Amancaya

The Amancaya mine is located in northern Chile approximately 200km southeast of Antofagasta. The mine was acquired by Austral Gold in 2014 from Yamana Gold and open pit operations commenced in March 2017.

Ore from Amancaya is trucked about 70km to Austral’s plant at the Guanaco mine where material is batch processed due to its different metallurgical characteristics. Ore is crushed and processed by a 1,500tpd agitation leach plant before a pregnant solution is passed into a Merrill-Crowe circuit where gold and silver doré is produced.

Recent exploration within the royalty area has identified an extensive pattern of low sulphidation epithermal veins, showing similarities to the mineralised system at the nearby El Penon Mine. Majority of the current exploration takes place in the active underground mine, concentrated on understanding and extending the Central Vein and adjacent Oeste Vein. Numerous epithermal veins have been mapped at Amancaya since 2016 but significant areas of the licence remain untested.

Preliminary exploration has been completed elsewhere in the tenement, with rock chips, trenching and reconnaissance drilling providing encouraging results that could warrant follow up activities.

Photo Gallery

Source

• Austral Gold Technical Report titled “Technical Report on the Guanaco-Amancaya Operation, Antofagasta Region, Chile Report for NI 43-101”, effective December 31, 2021 and released March 25, 2022
• Austral Gold ASX release titled “Austral Discovers Two New Veins At The Amancaya Mine”, dated May 19, 2021
• For more information on Mercedes, please visit https://australgold.com/