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Austral Gold Announces Filing of Q4 2022 Quarterly Activity Report

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2 minutes

SYDNEY, AU, Jan 31, 2023 - (ACN Newswire via SEAPRWire.com) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (the "Company") is pleased to announce that it has filed its Q4 2022 Quarterly Activity Report. The complete Report is available under the Company's profile at www.asx.com, www.sedar.com and on the Company's website at www.australgold.com/.About Austral GoldAustral Gold Limited is a gold and silver explorer and mining producer whose strategy is to expand the life of its cash generating assets in Chile, restart its Casposo-Manantiales mine complex in Argentina and build a portfolio of quality assets in Chile, the USA and Argentina organically through exploration and via acquisitions and strategic partnerships. Austral owns a 100% interest in the Guanaco/Amancaya mines in Chile and the Casposo-Manantiales mine complex (currently on care and maintenance) in Argentina, a non-controlling interest in the Rawhide Mine in Nevada, USA and a non-controlling interest in Ensign Gold which holds the Mercur project in Utah, USA.In addition, Austral owns and has options on an attractive portfolio of exploration projects in the Paleocene Belt in Chile (including the Jaguelito project in San J...

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Austral Gold Announces Drill Results at Casposo-Manantiales

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6 minutes

SYDNEY, AU, Jan 30, 2023 - (ACN Newswire via SEAPRWire.com) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) ("Austral") is pleased to announce the results from its recent drilling campaign ("drilling program") at the Casposo-Manantiales Project located in the province of San Juan, Argentina. The Company drilled 4,265 metres of diamond drilling ("DD") in 15 DD holes.Casposo-Manantiales ProjectManantiales Vein Long SectionManantiales Vein Drill-hole mapTable 1: Manantiales and Cerro Amarillo Drill hole ResultsThe focus of the drilling program was to follow up on the results achieved in previous drilling campaigns at the Manantiales vein disclosed in the 27 July 2022 and 26 October 2021 announcements. The follow-up drilling program at the Manantiales vein intercepted high gold grades at the top and bottom of the central ore-shoot, indicating possible continuity at depth. The best two holes intercepted high-grade gold confirming the continuity of mineralisation in the central ore-shoot and opening the upside at depth. During 2022, 6,585 metres were drilled in 27 DD holes and total exploration costs were US$2.8 million.At Cerro Amarillo, which is close to the Manantiales vein (see map be...

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Austral Gold to Sell Pinguino to E2 Metals for US$~10M

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9 minutes

SYDNEY, AU, Nov 25, 2022 - (ACN Newswire via SEAPRWire.com) - Austral Gold Limited ("Austral") (ASX: AGD) (TSXV: AGLD) is pleased to announce that it has entered into a Share Sale Agreement (the "Agreement") with E2 Metals Limited ("E2") (ASX: E2M) and Austral Gold Canada Limited ("Austral Canada"), a Canadian subsidiary of Austral, pursuant to which Austral Canada has agreed to sell 100% of the common shares of SCRN Properties Limited ("SCRN") to E2 (the "Transaction") for total consideration of US$~10 million.SCRN's main asset is the polymetallic Pinguino Project, located in the Deseado Massif in the Santa Cruz Province of Argentina (please refer to About Pinguino).SCRN is a wholly owned Canadian subsidiary of Austral Canada. Under the terms of the Agreement, E2 is to acquire SCRN for a combination of cash, shares and options and, upon completion, Austral Canada will become the largest individual shareholder of E2.Austral Gold's Chief Executive Officer Stabro Kasaneva said: "We firmly believe in the Pinguino project. This transaction with E2 Metals will enable us to share in the project's potential upside and use the proceeds from the sale to fund our exploration activities in Ar...