Austral Gold Ltd. V.AGLD

Alternate Symbol(s): AGLDF

Metals & Mining Industrial Metals & Minerals

Austral Gold Limited is an Australia-based junior mineral exploration company. It is a gold and silver mining producer. The Company is focused on the acquisition, discovery and advancement of high-quality copper gold projects in the Americas. It owns 100% interest in the Guanaco/Amancaya mines in Chile and the Casposo-Manantiales mine complex in Argentina, a non-controlling interest in the Rawhide Mine in Nevada, United States of America and a non-controlling interest in Ensign Gold which holds the Mercur project in Utah, United States of America. The Guanaco/Amancaya mines in Chile operation is in northern Chile in the Antofagasta Region, approximately 220 kilometers (km) southeast of Antofagasta City. The Casposo-Manantiales mine situated approximately 150 km northwest of San Juan City, in the Department of Calingasta, San Juan Province, Argentina. Its explorations include Triassic Choiyoi Belt, Indio Belt, and Deseado Massif.

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Austral Gold Ltd.

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Post by Betteryear2on Mar 29, 2022 6:28pm

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Post# 34557073

Austral Gold Updates Mineral Reserve and Resource Estimates

Sydney, Australia--(Newsfile Corp. - March 28, 2022) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) ("Austral" or the "Company")is pleased to announce the positive results of updated Mineral Reserve and Mineral Resource Estimates prepared by SLR Consulting (Canada) Ltd. ("SLR") in accordance with CIM Definitions 2014, National Instrument 43-101 ("NI 43-101") and Joint Ore Reserves Committee Code, 2012 (JORC 2012) for the Company's 100% owned Guanaco-Amancaya Operation in Chile. The Guanaco-Amancaya Operation consists of the Guanaco Mine (Guanaco) and Inesperada satellite deposit (Inesperada), the Amancaya Mine (Amancaya), and the Guanaco heap leach pads (Heap Reprocessing project). The updated Mineral Reserve and Mineral Resource estimates will be supported by a technical report prepared in accordance with NI 43-101 that will be filed on SEDAR (www.sedar.com) within 45 days of this news release (the "Technical Report").

https://www.newsfilecorp.com/release/118479