🕐29.10.09 - 03:01 Uhr

Austral Gold Limited [ASX: AGD] - Commencement of 2009/10 drilling campaign at G
uanaco Gold/Copper Project, Chile



Fortbridge Media Release
MEDIA DISTRIBUTION BY



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.

For all enquiries related to this announcement or any attachments, please contact the Issuer directly on the contact details provided.

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.

Although they may have been approved by qualified persons to be announced in this manner, such statements are subject to various risks and uncertainties that could cause actual results and future events to differ materially from projections expressed or implied by the Issuer.

Therefore, readers are cautioned that "forward-looking statements" are not guarantees of future performance or achievements.

Readers are also encouraged to take notice of any further disclaimers or compliance statements that may be included at the end of each announcement attached, especially those specific to different stock exchanges and their jurisdictions.

Fortbridge is a Public Relations consultancy.

The shareholders in Fortbridge may also be shareholders either directly or indirectly in the companies Fortbridge represents.

PRIVACY: You have been regarded as a relevant contact through research.

If you believe there is another member of your organization who would make better use of announcements like this, please reply to this e-mail and let us know.

If you simply wish to be excluded from our distribution list with no substitute, reply to this e-mail with the subject "Please Remove Me".

Please consider the environment before printing this document.




Products & Services | Jobs