Austral Gold Announces Gold Precipitate Robbery
Austral Gold Announces Gold Precipitate
Robbery
Sydney, Australia--(Newsfile Corp. - August 11, 2022) - Austral Gold Limited (ASX: AGD) (TSXV:
AGLD) (the "Company") announces that early this morning, a group of armed robbers assaulted the
Guanaco-Amancaya mine complex and stole gold precipitate material equivalent to approximately 500
ounces of gold from the Company's Guanaco refinery, in Taltal, in the Antofagasta region in Chile.
The Company advised that no one was seriously injured in the incident which is being investigated by
Chilean authorities. In addition, although the Company believes it has strong security, the Company will
undergo a thorough review to determine how it can further strengthen security at its Guanaco-Amancaya
mine complex.
About Austral Gold
Austral Gold Limited is a growing gold and silver mining, development, and exploration company whose
strategy is to expand the life of its cash generating assets in Chile, restart its Casposo mine in Argentina
and build a portfolio of quality assets in Chile, the USA and Argentina organically through a Tier 1 or 2
exploration strategy and via acquisitions and strategic partnerships. Austral owns a 100% interest in the
Guanaco/Amancaya mine in Chile and the Casposo Mine (currently on care and maintenance) in
Argentina, a non-controlling interest in the Rawhide Mine in Nevada, USA and a non-controlling interest
in Ensign Gold which holds the Mercur project in Utah, USA.
In addition, Austral owns an attractive portfolio of exploration projects in the Paleocene Belt in Chile
(including those acquired in the 2021 acquisition of Revelo Resources Corp), a noncontrolling interest in
Pampa Metals and a 100% interest in the Pingüino project and a 51% interest in the Sierra Blanca
project, both in Santa Cruz, Argentina. Austral Gold Limited is listed on the TSX Venture Exchange
(TSXV: AGLD) and the Australian Securities Exchange. (ASX: AGD). For more information, please
consult Austral's website at
www.australgold.com
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva.
For additional information please contact:
Jose Bordogna
Chief Financial Officer
Austral Gold Limited
+61 4666 892 307
Ben Jarvis
Director
Austral Gold Limited
+61 413 150 448
Forward Looking Statements
Statements in this news release that are not historical facts are forward-looking statements. Forward-
looking statements are statements that are not historical and consist primarily of projections - statements
regarding future plans, expectations and developments. Words such as "expects", "intends", "plans",
"may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to
identify forward-looking statements. Forward-looking statements in this news release include the incident
is being investigated by Chilean authorities and the Company will undergo a thorough review to
determine how it can further strengthen security at its Guanaco-Amancaya mine complex.
All of these forward-looking statements are subject to a variety of known and unknown risks,
uncertainties and other factors that could cause actual events or results to differ from those expressed or
implied, including, without limitation, business integration risks; uncertainty of production, development
plans and cost estimates, commodity price fluctuations; political or economic instability and regulatory
changes; currency fluctuations, the state of the capital markets especially in light of the effects of the
novel coronavirus,, uncertainty in the measurement of mineral reserves and resource estimates, Austral's
ability to attract and retain qualified personnel and management, potential labour unrest, reclamation and
closure requirements for mineral properties; unpredictable risks and hazards related to the development
and operation of a mine or mineral property that are beyond the Company's control, the availability of
capital to fund all of the Company's projects and other risks and uncertainties identified under the
heading "Risk Factors" in the Company's continuous disclosure documents filed on the ASX and on
SEDAR. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which
may have been used. Austral cannot assure you that actual events, performance or results will be
consistent with these forward-looking statements, and management's assumptions may prove to be
incorrect. Austral's forward-looking statements reflect current expectations regarding future events and
operating performance and speak only as of the date hereof and Austral does not assume any obligation
to update forward-looking statements if circumstances or management's beliefs, expectations or
opinions should change other than as required by applicable law. For the reasons set forth above, you
should not place undue reliance on forward-looking statements.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/133603