Austral Gold Ltd. and Revelo Resources Corp. are pleased to announce that Revelo's shareholders unanimously approved the proposed Arrangement at the special meeting of Revelo's shareholders held earlier today. At the Revelo Meeting, the special resolution authorizing the Arrangement was approved by all of the shareholders of Revelo present or represented by proxy. Such shareholders represented approximately 69.2% of all [...]
Highlights from reported assays: DAM-002 1.35 meters @14.65 g/t gold and 50.60 g/t silver including 42.43 g/t gold and 124 g/t silver over 0.44 meters DAM-003 2.07 meters @12.13 g/t gold and 57.50 g/t silver including 21.01 g/t gold and 142.8 g/t silver over 0.88 meters DAM-008 2.53 meters @12.18 g/t gold and 8.50 g/t silver in the Central Vein and 30m at 4.04 g/t gold and 7.50 g/t silver including 4.14 meters @23.50 g/t [...]
Austral Gold Ltd. has decided to outsource its underground mine operation at its 100% owned Amancaya mine and certain maintenance activities at its Guanaco processing plant, effective January 2021. Austral is in final negotiations with contractors that will bring new technologies and skills that the Company expects will increase the efficiency and stability of its operations. The outsourcing decision was based on the [...]
Austral Gold Ltd. is pleased to announce that one of its Canadian subsidiaries, Argentex Mining Corp. , has entered into a Subscription and Investment Agreement with Ensign Gold Inc. , a Canadian corporation, pursuant to which Argentex has agreed to purchase 5,950,000 units of Ensign for C$0.25 per Unit, for an aggregate purchase price of C$1,487,500 . Each Unit will consist of one Class A share in the capital of Ensign [...]
Austral Gold Ltd. is pleased to advise that the following documents were dispatched to shareholders today for its Extraordinary General Meeting to be held on Tuesday, 12 January, 2021 at 8:00am AEDT in Sydney, Australia: Notice of Extraordinary General Meeting Shareholder proxy for shareholders on the Australian register Notice and access for shareholders on the Australian register Shareholder proxy for shareholders on [...]
Austral Gold Ltd. and Revelo Resources Corp. are pleased to announce, further to their joint announcement of September 2, 2020, that they have entered into a definitive arrangement agreement dated November 12, 2020 pursuant to which, among other things, Austral has agreed to acquire all the outstanding common shares of Revelo for a combination of shares and cash by way of a statutory plan of arrangement under the Business [...]
Austral Gold Ltd. is pleased to announce that it has filed its Q3 2020 Quarterly Activity Report. The Report is available under the Company's profile at www.asx.com.au, www.sedar.com and on the Company's website at www.australgold.com. About Austral Gold Austral Gold Ltd. is a growing gold and silver mining, development and exploration company building a portfolio of quality assets in Chile, the US and Argentina. The [...]
Austral Gold Ltd. and New Dimension Resources Ltd. are pleased to announce the closing of the previously announced acquisition of New Dimension's Sierra Blanca Gold-Silver Project in Santa Cruz Province, Argentina. The transaction enables Austral to acquire an initial 80% interest in Sierra Blanca S.A. that owns the Sierra Blanca project for a total of US$800,000 in cash and work commitments, with a 'follow-on' option to [...]
Austral Gold Ltd. and Revelo Resources Corp. are pleased to announce they have entered into a conditional non-binding letter of intent pursuant to which Austral would purchase all the outstanding shares of Revelo in exchange for shares in Austral and cash. The key terms of the Offer Letter are non-binding, except for exclusivity, confidentiality, term, termination fees and other standard clauses. Accordingly, the [...]
Austral Gold Ltd. is pleased to announce that it has filed its half year report for the 6 months ended 30 June 2020. The report is available at the Company's profile at https://www.asx.com.au/, www.sedar.com/ and on the Company's website at www.australgold.com/. About Austral Gold Austral Gold Ltd. is a growing gold and silver mining, development and exploration company building a portfolio of quality assets in Chile, the [...]
Austral Gold Ltd. announces that in light of Wayne Hubert's appointment as Executive Chairman , the Company has increased Mr. Hubert's cash remuneration to US$144K per annum, commensurate with the increase in responsibility that comes with his new role. About Austral Gold Austral Gold Ltd. is a growing gold and silver mining, development and exploration company building a portfolio of quality assets in Chile, the US and [...]
Austral Gold Ltd. is pleased to announce the appointment of Wayne Hubert as the Company's new Executive Chairman of the Board and the appointment of Raúl Guerra as the Company's new Corporate VP of Exploration. Current Chairman, Eduardo Elsztain, the Company's largest shareholder, remains on the Board as Non-Executive Vice-Chairman. Mr. Hubert is a mining executive with over 20 years' experience working in the South [...]
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