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Austral Gold Closes Acquisition of New Dimension's Sierra Blanca Gold-Silver Project
Austral Gold Closes Acquisition of New Dimension's Sierra Blanca Gold-Silver Project ...
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[{"type":"text","content":"NewDimensionAcquisitn\n \n \n \n Austral Gold Closes Acquisition of New Dimension's Sierra Blanca Gold-Silver Project\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen4{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Oct. 13, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 13, 2020\n \n /CNW/ - Austral Gold Limited (\"\n \n Austral\"\n \n ) (ASX: AGD) (TSX-V: AGLD) and New Dimension Resources Ltd. (\"\n \n New Dimension\n \n \") (TSX-V: NDR) are pleased to announce the closing of the previously announced acquisition of New Dimension´s Sierra Blanca Gold-Silver Project in\n \n Santa Cruz Province\n \n ,\n \n Argentina\n \n . The transaction enables Austral to acquire an initial 80% interest in\n \n Sierra Blanca S.A\n \n . (\"\n \n SBSA\n \n \") that owns the Sierra Blanca project for a total of\n \n US$800,000\n \n in cash and work commitments, with a 'follow-on' option to purchase the remaining 20% interest for an additional\n \n US$2,300,000\n \n in cash and work commitments. Austral plans to fund the cost of the transaction from cash flow generated from operations. Please refer to the Joint News release dated\n \n 1 April 2020\n \n for further details of the transaction.\n \n \n \n \n \n \n \n \n \n \n Austral Gold's Chief Executive Officer, Stabro Kasaneva said:\n \n \"We are pleased to add Sierra Blanca to our portfolio of attractive exploration ...