Austral Gold Limited [ASX: AGD] - Commencement of 2009/10 drilling campaign at Guanaco Gold/Copper Project, Chile Austral Gold Limited (ASX:AGD) announces the commencement of the 2009/10 drilling campaign on Guanaco, following the announcement on 21 October 2009 of the commencement of a Bankable Feasibility Study (BFS) at this project. As of the date of this release, a UDR rig will be on site to drill at least 10,000 metres of both reverse circulation and diamond drill holes. The drilling program has two main objectives: * to demonstrate high grade gold resources in the previously announced gold bearing Natalia vein close to and south of Cachinalito. The Natalia vein has not yet been tested in its horizon considered most favorable for mineralization; * to support the ongoing BFS by better delineation of existing resources, expanding the resource base and by drilling some geotechnical and condemnation holes. Please find details in the attachment. For further information, please contact: Catherine Lloyd Company Secretary/CFO Telephone: +61 2 9380 7233 E-mail: Media enquiries: Bill Kemmery Fortbridge Telephone: +61 9331 0655 Mob: +61 400 122 449 E-mail: Fortbridge.NET is a specialist web-based service for clients ("Issuer") of Fortbridge Consulting Pty Ltd. DISCLAIMER: The message and attachment issued with this email may contain "forward-looking statements", which are projections that reflect the Issuer`s reasonable beliefs based on information currently available. Fortbridge is a Public Relations consultancy. PRIVACY: You have been regarded as a relevant contact through research. Please consider the environment before printing this document.
|
||||||||||||
|