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Austral Gold edges closer to merger with Argentex Mining

Austral Gold (ASX:AGD) is edging closer to a merger with Toronto listed Argentex Mining Corporation (TSX-V:ATX) after the signing of a definitive agreement.  This paves the way for Argentex to seek the approval of its shareholders for the deal first announced in August 2015 ... to read more, click here

 

New Troy partner to spend $10m on Casposo

ASX Listed Austral Gold Ltd have agreed to purchase 51% of Troy Resources' marginal Argentine Gold/Silver mine known as Casposo for USD$3m ... to read more, click here

 

Austral Gold adquiere 51% de mina Casposo     

(this article is in Spanish and will need to be translated into English to be read).

Troy Resources explicó que la venta se produce en virtud de un plan de inversión de capital inicial para desarrollar e implementar un plan de reingeniería de Casposo, con miras a lograr rentable las operaciones dentro de 12 meses ...to read more, click here

 

Austral Gold Limited will invest US$36 million to develop new gold deposit - 5 January 2015    (this article is in Spanish and will need to be translated into English to be read).

Austral Gold Limited has earmarked US$36 million, through its Chilean subsidiary, Guanaco Mining Company, for the development and operation of a new gold deposit located in ... to read more, click here

 

Austral Gold submits EIA for Amancaya project - 3 December 2014

Australian firm Austral Gold, through its Chilean subsidiary Minera Guanaco, has submitted an environmental impact assessment (EIA) for the development of ... to read more, click here 


Austral Gold acquires 50% stake in Chilean Mining Service - 4 June 2014

Austral Gold, a growing precious metals mining and exploration company, has acquired the controlling stake in Humberto Reyes Arriendo de Maquinarias, an underground mining contract. Humberto Reyes owns ... to read more, click here 

 

Austral Gold's shares soar on increased gold/silver exposure - 30 September 2013

Austral Gold (ASX: AGD) shares were on a tear on Friday, with the stock closing at $0.19, which is a 35.7% gain on the day - on volume of 311,000 shares. To read more, click here 

CNBC Video - 09 December 2009

Mark Bethwaite, chairman of Austral Gold, tells CNBC's Chloe Cho & Rebecca Meehan that current gold prices are at a very good level for producers. View at CNBC 

 

Mining Chronical - November 2009

General news article on page 15 - Austral Gold strengthens its gold copper team. View as PDF 

 

Gold Mining Journal - November 2009

Magazine article by Mark Andrews - Austral Gold spices up Chilean prospect again. View as PDF 

 

Mark Bethwaite - Audio Interview

Magazine and website for investment professionals, Market Headquarters, has published a recorded interview featuring Austral Gold Chairman Mark Bethwaite.

Interview - 10 minutes 

 

Austral Gold featured in the September 2008 Resource Capital Research report

Resource Capital Research September 2008 report. PDF (2.4Mb) 

 

Austral Gold gains new ground

Friday, 8 August 2008
Staff writer - Miningnews.net

SOUTH America-focused Austral Gold has picked up new mineral tenements and joint access to further exploration opportunities through its acquisition of an Argentinean holding company.

The acquisition of Guanaco Capital Holding Argentina (GCHA), has allowed Austral to snap up a series of tenements in the South American country.

The company has also entered an earn-in agreement allowing it to jointly explore tenements in another region of Argentina.

In a statement announcing the development, Austral said GCHA held nine tenement applications across around 85,000 hectares in the Santa Cruz province, while its earn-in, with Argentina Minera (known as Aminsa), covered around 227,000ha in the San Juan province.

The tenements are prospective for gold and copper with exploration at some of the tenements to begin next month.

GCHA stands to earn up to 50% of Aminsa by contributing up to $US15 million over five years.

Austral has also inked a funding agreement with major shareholder Guanaco Capital Holding to borrow up to $US4 million.

Austral Gold stocks remained steady at 17c. 

 

Murchison picks up Pilbara iron ore tenements

Tuesday, 8 April 2008
Charlotte Dudley - Miningnews.net

IRON ore hopeful Murchison Metals will make its first foray into the Pilbara region with a $A9 million iron ore tenement deal.

Murchison has acquired one tenement from Sydney-based Chile-focused Austral Gold for a $5.35 million cash consideration.
 

Meanwhile a further $3.75 million has secured the company the rights to a second tenement owned by Joytell.

The transaction will also see Murchison pay Joytell a $1 per tonne royalty on any future production.

The two tenements, to be known as the Rocklea project, cover 400 square kilometres and are 30km west of Tom Price and 50km northwest of Paraburdoo.

Expressing great optimism over Murchison’s new Pilbara landholdings, the company’s managing director Trevor Matthews highlighted the advantages of being close to infrastructure.

“The opportunity represented by Rocklea is of such a scale that it justifies Murchison’s entry into the highly prospective Pilbara region, especially given its ideal location close to existing facilities and excellent road and air access,” he said.

Murchison said the tenements were considered “highly prospective” for Channel Iron Deposit style mineralisation.

The company said at one part of the project, rock chip sampling performed in 2006 by Jupiter Mines had returned average samples of 56.9% iron.

At a separate, previously unexplored section of Rocklea, recent sampling by Murchison has indicated sample averages of 56% iron.

While there is insufficient data for Murchison to define a mineral resource, the company said it planned to pursue all necessary environmental and heritage approvals, and start drilling in the second half of 2008.

Austral will use funds from the tenement sale to repay loans relating to its Guanaco gold project in Chile.

Shares in Murchison Metals rose 5.6% to $4.10 before slipping to $4.01 a share in morning trading. Austral Gold remained steady at 28c a share.