Austral Gold Launches Three-Phase Silver Exploration Program at Juncal Project in Chile

Austral Gold ( (AU:AGD) ) has provided an announcement.

Austral Gold has launched a three-phase near-mine exploration campaign at its 100%-owned Juncal silver project in Chile, about 35 km from its Amancaya Mine and near the Guanaco Plant, aiming to evaluate the site as a potential satellite source of ore. Funded from a recent equity placement, the program will run through 2026 and is designed to refine drill targets, test epithermal vein systems at depth, and potentially enhance the resource base supporting the company’s regional production hub.

Phase one, scheduled for March–April 2026, focuses on detailed geological mapping and more than 1,000 metres of channel sampling to confirm grades and improve structural understanding. Phase two in the second quarter will deploy ground magnetics and induced polarization surveys to define targets, while phase three in the third quarter plans up to 10,000 metres of reverse circulation drilling using in-house rigs to probe down-dip extensions and blind mineralised zones, potentially strengthening Austral’s growth pipeline and regional positioning in the Paleocene Belt.

The most recent analyst rating on (AU:AGD) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Austral Gold stock, see the AU:AGD Stock Forecast page.

More about Austral Gold

Austral Gold Limited is an established precious metals producer focused on gold and silver assets in South America, with operations and exploration projects in Chile and Argentina. The company’s portfolio includes the Guanaco and Amancaya mines in northern Chile, and it is pursuing near-mine exploration to extend mine life and identify satellite deposits that can leverage existing processing infrastructure.

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