- Write by:
-
Wednesday, November 27, 2019 - 10:35:59 AM
-
637 Visit
-
Print
Mining News Pro - Austral Gold entered into a share purchase agreement this week with Troy Resources to acquire the remaining 30% interest in the Casposo silver-gold mine located in western Argentina.
According to Mining News Pro - In a press release, the Sydney-based miner revealed that it agreed to pay $200,000 for the outstanding common shares of Casposo Argentina, a wholly-owned subsidiary of Troy that owns the mine.
“We are pleased to own 100% of Casposo and to continue with the exploration program that was launched last month,” Austral Gold’s CEO, Stabro Kasaneva, said in the media brief. “We are also assessing opportunities to consolidate surrounding projects and source ore from third parties. All these initiatives are part of our business strategy to consolidate mineral resources with the goal of recommencing mining operations at Casposo.”
The Casposo mine is a low-sulphidation epithermal gold and silver deposit located 10 kilometres NW of the township of Calingasta, in the San Juan province.
The entire underground operation covers some 100.21 square kilometres and sits on the eastern border of the Cordillera Frontal.
Total measured and indicated resources have been estimated at 1,415,000 tonnes at 238Ag g/t; 3.00 Au g/t; 5.94 AuEq g/t.
Short Link:
https://www.miningnews.ir/En/News/449339
Gold touched a new record of $2,450 an ounce on Monday as increasing optimism over the Federal Reserve’s monetary policy ...
Spot silver surpassed $30 an ounce to hit the highest level in more than a decade.
The International Centre for Settlement of Investment Disputes (ICSID) ruled in favour of Peru in a decade-long dispute ...
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the ...
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in ...
No comments have been posted yet ...