In a recent statement, Austral Gold CEO Stabro Kasaneva announced the latest update on the mineral resources at the Casposo project. "The consolidation of the Casposo mineral resource inventory brings us closer to making a decision on reopening mining operations," commented Kasaneva. The mine is located approximately 150 kilometers northwest of the city of San Juan, in the Calingasta Department, Argentina.
By Panorama Minero
The updated mineral resources include historical data from the operation and drilling and exploration activities carried out by the company mainly between 2020 and 2022, as well as metallurgical testing work. The Casposo mine was put into maintenance phase during the second quarter of 2019, and exploration activities that began in the last quarter of that same year have continued with the goal of restarting processing activities.
During the last quarter of 2023, exploration efforts focused on the review and interpretation of target areas in the Casposo-Manantiales Mining Complex. This included the preliminary design of a drilling plan in the Cerro Amarillo area to define drilling targets for 2024. Additionally, an independent consultant was hired during this period to prepare a mineral resource estimate (MRE) for the Casposo and Manantiales districts, which included the Manantiales, Mercado, B-Vein, and Julieta areas. The company's objective was to generate a mineral reserve of 250,000 ounces of gold equivalent, which could allow an annual production of 30,000-35,000 ounces of gold equivalent if operations were to resume.
