Austral Gold announced positive drilling results in Jaguelito, Argentina.

The mining company drilled a total of 4,331m at Jaguelito Norte and Sur, with one of the best results coming from a 14m length at the Sagitario target in the Sur Zone, which yielded 0.70 gpt gold and 17 gpt silver.

To fulfil its agreement with Mexplort, the company plans to drill 700m more to acquire a 50% stake in the project. 

Total drilling costs have reached approximately US$4.7 million (~$7.3 million).