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Austral Gold Ltd.
Summary
| Project: | Amancaya | |
|---|---|---|
| Deposit: | Amancaya | |
| Location: | Chile | |
| Commodities: | Gold-Silver | |
| Date: | 12/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 15-12-2016: Austral Gold Ltd. announces an Exploration/Drilling Update report for its Amancaya deposit at the Amancaya project. Drilling results incl. 7.5m @ 22.56g/t Au, 713.7g/t Ag from 12m. VANCOUVER, BRITISH COLUMBIA--(Newsfile – December 15, 2016) Au | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Brown (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA--(Newsfile – December 15, 2016) Austral Gold Limited (ASX: AGD) (TSX-V:AGLD) (the "Company" or "Austral") is pleased to announce the first batch of assay results from the infill drilling program at its 100% owned Amancaya Project. The infill program, which commenced on September 8th, targeted the Central and Julia veins, which host the gold and silver epithermal inferred resource that is the focus of an ongoing PreFeasibility study expected to be completed by the first quarter of 2017. The Amancaya project is located 60 km southwest of the Company’s underground gold mine, Guanaco, approximately 250 km from Antofagasta in northern Chile. “We are very pleased with the first assay results from the infill program, where drilling has recently been completed. These initial assays from the Central Vein have confirmed and extended the multiple high grade zones. In general, the width of the vein encountered to date is greater than that previously modelled”, stated Stabro Kasaneva, CEO of Austral Gold. “We look forward to receiving the remaining 50% of the assays, and are hopeful that the revised model will see an increase in ounces and grade as we advance the Pre-Feasibility study towards completion during the first quarter of 2017.” | |
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