{"id":1175646,"date":"2020-04-02T07:15:17","date_gmt":"2020-04-02T13:15:17","guid":{"rendered":"https:\/\/www.mining.com\/?p=1018883"},"modified":"2020-04-02T07:15:17","modified_gmt":"2020-04-02T13:15:17","slug":"austral-gold-expands-in-argentina","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1175646","title":{"rendered":"Austral Gold expands in Argentina"},"content":{"rendered":"<p>Austral Gold (ASX: AGD) (TSXV: AGLD) and New Dimension Resources (TSXV: NDR) entered into an agreement for Austral to purchase an 80% interest in New Dimension\u2019s Sierra Blanca gold-silver project in Argentina.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The deal demands that Austral pays $800,000 in cash and work commitments, with a \u2018follow-on&#8217; option to purchase the remaining 20% interest for an additional $2.3 million in cash and work commitments.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>All of the major vein systems known in the eastern portion of Sierra Blanca are interpreted by New Dimension to extend into the adjacent Ping\u00fcino property<\/p>\n<\/blockquote>\n<\/figure>\n<p>In a press release, the Australian miner said that with this transaction, it will expand the area of its Ping\u00fcino project by securing an additional 7,000 hectares, resulting in a new exploration cluster in the southern province of Santa Cruz.<\/p>\n<p>Ping\u00fcino is a silver-gold-zinc-lead-indium advanced-stage development project located in the south-central part of Argentina, while the nearby Sierra Blanca is an early-stage project where previous work had mostly been focused on the E-W-trending Chala-Achen and Lucila vein systems. According to New Dimension, surface channel sampling at Chala-Achen yielded high-grade silver values, including 9.4m @ 2,362 g\/t Ag.<\/p>\n<p>\u201cWe see strong synergies between the Sierra Blanca project and our Ping\u00fcino project. Both projects are located in the geological zone of Deseado Massif in the Santa Cruz Province, one of the most prominent precious metal regions in the world, including world-class deposits such as Cerro Vanguardia and Cerro Negro,\u201d Austral\u2019s CEO, Stabro Kasaneva, said in the media brief. \u201cWe expect that the acquisition of Sierra Blanca will enable us to increase the value of our Ping\u00fcino project by drilling additional targets that can potentially increase our mineral resource base in this region.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sydney-based miner wants to acquire an 80% interest in a gold-silver project near its Ping&uuml;ino operation.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1175646"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1175646"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1175646\/revisions"}],"predecessor-version":[{"id":1175752,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1175646\/revisions\/1175752"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1175646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1175646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1175646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}