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Austral Gold’s Chile gold reserves rise
2009-06-13 11:55:00
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Austral Gold Ltd. (ASX:AGD) has announced that its Chile based Guanaco project’s gold reserves have experienced a significant rise with current reserves totaling 904,361 ounces of gold.

Austral Gold Ltd. is an Australia-based mineral exploration entity. AGL current gold reserves excludes 53,000 gold-equivalent ounces from the significant silver content of mineralization.

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Austral is forward looking to exercise a feasibility study of restarting mining operations at Guanaco & is negotiating with key contractors and consultants.

Austral Gold stock however lost 1.23% at Australia Stock Exchange on Friday and closed at 0.080. It touched a 52-week high of 0.24 and low of 0.03.
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