Announcement Date: 2023-09-11
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Austral Gold Ltd.
Project name: Jaguelito
Location: Argentina
Commodities: Gold,Silver
Highlight: Drilling results incl. 14m at 0.7g/t Au, 17g/t Ag from 133m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Sydney, Australia–(Newsfile Corp. – September 11, 2023) – Established gold producer Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) (the “Company” or “Austral”) has completed the first stage of drilling at the Jaguelito Project in Argentina’s prolific El Indio Gold Belt. At the Sagitario target at Jaguelito Sur (see Figure 2 below), drill hole DJS-001A intersected 14.0 m @ 0.7 gpt Au & 17 gpt Ag, starting at 133m, including 4.4m @ 1.44 gpt Au & 30 gpt Ag, from 143m. The hole reached a significant depth of over 400m, marking the largest phreatomagmatic column encountered in the project to date. The results indicate that one of the five surface-identified centers at Jaguelito Sur is similar to the dimensions and intensity of high-sulphidation deposits in this metallogenic belt.
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