| 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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