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Austral Gold Ltd.
Summary
| Project: | Guanaco | |
|---|---|---|
| Deposit: | Sierra Inesperada | |
| Location: | Chile | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-1-2020: Austral Gold Ltd. announces an Exploration/Drilling Update report for its Sierra Inesperada deposit at the Guanaco project. Drilling results incl. 14m @ 2.90g/t Au, 33g/t Ag, 107g/t Cu from 81m. announce exploration drilling results from its re | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Trzebski (Internal) | |
| ABSTRACT: | announce exploration drilling results from its recent drill program at the Sierra Inesperada property, which is located near the Company’s Guanaco Mine. Sierra Inesperada is located approximately seven kilometers southwest of the Guanaco Mine. During the fourth quarter of 2019, the Company conducted a drill campaign comprising 48 holes and 4,806 meters, with 4,256 meters of RC and 550 meters of DDH drilling. Austral Gold’s Chief Executive Officer Stabro Kasaneva said: “Our technical team is very encouraged by these drilling results. We will analyze these results further as we plan our next drilling program for Q1 2020, as well as metallurgical testing and a geophysics campaign using ground magnetometry at Sierra Inesperada.” A mineralised structural corridor was identified, which is oriented N60 W / 85 SW, with a thickness that varies between 5 and 40 meters and an interpreted depth greater than 150 meters and strike of 200 meters. The structures have brecciated textures with fragments of gray quartz, vuggy silica and lithics. The wall rock is affected by an advanced argillic alteration with moderate to intense silicification and a strong presence of alunite. The oxidation zone is recognized by the presence of iron oxides that mostly correspond to hematite-jarosite and traces of copper oxides. The sulphide zone is clearly represented by the weak to high presence of disseminated pyrite in irregular veinlets. Gray sulphides are observed as enargite and traces of chalcocite, which are arranged as a very thin patina in the pyrite. | |
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