Austral Gold completed 23 reverse circulation drill holes totaling 1,128 meters at its Los Nanos sector near the Guanaco Mine in Chile, revealing significant gold and silver mineralization. The drilling confirmed continuity within the existing resource and identified new mineralized zones controlled by intersecting structural trends, supporting potential resource expansion. These results enhance the geological model and will guide a planned 8,000-meter drilling program starting in Q4 2026 to further define and convert resources. Los Nanos, located 2.5 km from the Guanaco processing plant, hosts the highest-grade mineral resource in the Guanaco open-pit inventory but is not yet included in the current mine plan.
Austral Gold's recent drilling results at Guanaco provide context for basic materials investors. For readers following this sector, here is Pluang's market snapshot as of Sep 28, 2026 07:31 WIB: of 38 priced Basic Materials-sector US stocks tradable on Pluang, 14 rose and 24 fell today. Notable movers include NEM at USD 120.12 (-2.78%), WMS at USD 133.13 (+2.61%), and FMC at USD 9.65 (-2.53%).
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