Austral Gold has commenced a drilling program of approximately 8,500 metres at the Casposo–Manantiales mine complex in San Juan province, focused on resource conversion, near-mine brownfield exploration and greenfield exploration targets.
By Panorama Minero
Austral Gold Limited announced the commencement of a drilling program of approximately 8,500 metres at its Casposo-Manantiales mine complex located in Calingasta, San Juan province.
The program consists of infill (resource conversion), brownfield (near-mine exploration), and greenfield (regional exploration) components. The primary focus of the program is resource conversion drilling designed to improve geological confidence and continuity within existing Mineral Resources at Casposo, which are supported by the Company’s current Technical Report prepared in accordance with NI 43-101 and the JORC Code (2012).
Resource conversion refers to drilling aimed at improving geological confidence and supporting potential reclassification of Inferred Mineral Resources to Indicated Mineral Resources.
Austral Gold’s CEO, Stabro Kasaneva said: “The commencement of this 8,500-metre drilling program represents an important step in the ongoing advancement of the Casposo-Manantiales district. 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. 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.”
