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Tuesday, March 07, 2017 Derek Macpherson

Austral Increases Interest in Casposo to 70%

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Austral Gold Ltd. (TSXV:AGLD, ASX:AGD) announced it has acquired an additional 19% stake in the Casposo gold-silver mine in Argentina for US$1.0 million. By way of the transaction, the company has brought its total interest in the mine to 70%. Austral acquired a 51% interest in Casposo in 2016 and has options to acquire the outstanding 30% for US$7.0 million by 2020. Austral has commenced various operational improvement initiatives at the mine and spent US$5.8 million to date on development and re-commissioning. The mine was re-commissioned in Q3 2016 and Austral’s attributable share in Q4, the mine’s full operational quarter, amounted to ~5,500 oz AuEq. We view Austral’s ownership increase in Casposo positively. Based on Austral’s 2017 guidance of 50,000 oz AuEq, the company’s annualized attributable share would amount to ~35,000 oz AuEq. We expect that the ongoing ramp-up of the Casposo project, a resource update, pre-feasibility study (Q1 2017) and initial production from Amancaya, in addition to the completion of the mill expansion at Guanaco are likely to be key catalysts in the near-term. read more


Monday, February 06, 2017 Derek Macpherson

Austral Reports Strong Q4 Results

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Austral Gold Ltd. (TSXV:AGLD, ASX:AGD) reported strong Q4 and full-year 2016 production results that saw consolidated annual production increase 17% in 2016 over 2015, primarily driven by Casposo, which was recommissioned in Q3 2016. Production also improved on a quarterly basis, up 23% over Q3 2016, as the restart at Casposo progressed and grades improved at Guanaco (Figure 1). Higher grades at Guanaco also resulted in quarterly costs declining 22% from Q3. In addition, Austral released final drill results from the 13.3km 93 hole infill drill campaign at its Amancaya project, positioning the company to complete the planned pre-feasibility study by the end of March 2017 and likely start production around the same time. We expect that a resource update, pre-feasibility study (Q1 2017) and initial production from Amancaya, the ongoing ramp-up of the Casposo project and plans to increase its interest to 70% and the completion of the mill expansion at Guanaco are likely to be key catalysts in the near-term. read more


Thursday, December 15, 2016 Derek Macpherson

Austral's Drilling Expands Amancaya

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Austral Gold Ltd. (TSXV:AGLD, ASX:AGD) announced initial results from the recently completed 13.3km 93 hole infill drill campaign at its Amancaya project in Chile. Today’s results are from the northern part of the Central vein and returned above average grades, highlighted by 22.56 g/t Au and 713.7 g/t Ag over 7.5m, including 46.16 g/t Au and 1,445.4 g/t Ag over 3.5m (AM-038). In our view, these initial results are very positive and support our view that significant resource growth over the existing 448k oz AuEq (all categories) resource is likely. This is important since production from Amancaya is expected to play a key role in Austral’s plan to expand production from the current ~50k oz AuEq to 150k oz AuEq per year by the end of 2017. We expect that results from the drill campaign, a Prefeasibility Study (Q1 2017) and initial production from Amancaya, coupled with the completion of the mill expansion at Guanaco, to be key catalysts for the stock in the near term.  read more


Tuesday, October 11, 2016 Derek Macpherson

Austral’s High-Grade Amancaya Likely to Grow

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Last week, Austral Gold Ltd. (TSXV:AAM, ASX:AGD) provided an exploration update from its ongoing exploration program at Amancaya. The surface program doubled the strike length of known structures suggesting significant resource growth is possible over the existing 447k oz AuEq (all categories) resource. This is important since production from Amancaya is expected to play a key role in Austral’s plan to expand from the current ~50k oz AuEq to 150k oz AuEq per year by the end of 2017. To follow up on this surface work, Austral is undertaking a 13.3km drill program. We expect these pending drill results along with the completion of the mill expansion at Guanaco and initial production from Amancaya to be key catalysts for the stock over the next 6 months. read more


Tuesday, October 04, 2016 Derek Macpherson

RCKS Fall Mining Showcase Presenter Preview

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On Thursday October 6th, Red Cloud Klondike Strike Inc. will be hosting its 4th Annual Fall Mining Showcase. The event, that will offer attendees the opportunity to meet with a number of companies, features presentations from 20 companies and a buy-side discussion panel comprised of three of the industry’s most influential fund managers. Visit the event page for more details on the day’s schedule. In this post we provide a brief preview on the 20 presenting companies and 8 banner sponsors that will also be in attendance.  read more


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