Austral Gold Starts 8,500 Metres Drilling Program at Casposo
Austral Gold (AGLD.V,) on Tuesday said it launched an 8.500-meter drilling program at its Casposo-Manantiales mine complex in Argentina.The program targets adding to existing mineral resources at Manantiales, Julieta and Casposo Norte, as well as additional near-mine targets located close to existing infrastructure. Greenfield exploration drilling at Cerro Amarillo is expected to start following ongoing geophysical surveys designed to refine and prioritize drill targeting, it said."The program is focused on resource conversion and near-mine exploration within areas already supported by established mineral resources, with the objective of improving geological confidence, continuity and supporting potential future Mineral Resource and Mineral Reserve updates," said chief executive Stabro Kasaneva. "In parallel, the Cerro Amarillo program will test a series of regional exploration targets identified through geological mapping and geological surveys completed across the district."Shares of the company were last seen down $0.01 to $0.135 on the TSX Venture Exchange.Price: $0.14, Change: $-0.01, Percent Change: -6.90%
