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Revelo Resources Corp. (“Revelo” or the “Company”) (TSX VENTURE:RVL) is pleased to announce that it has signed definitive documentation in Chile for the sale of a 100% interest in Revelo’s gold-silver projects at San Guillermo and Reprado, both located in the emerging Amancaya precious metals district of northern Chile, to Austral Gold Ltd (“Austral”) (TSX …
Revelo Resources Corp. (“Revelo” or the “Company”) (TSX VENTURE:RVL) is pleased to announce that it has signed definitive documentation in Chile for the sale of a 100% interest in Revelo’s gold-silver projects at San Guillermo and Reprado, both located in the emerging Amancaya precious metals district of northern Chile, to Austral Gold Ltd (“Austral”) (TSX VENTURE:AGLD)(ASX:AGD), as previously announced.
As quoted in the press release:
It is anticipated that Austral, which currently owns and operates the Amancaya gold-silver mine that started producing during 2017, will expand its exploration activities into the surrounding San Guillermo and Reprado properties where potential for yet further precious metals vein discoveries exists. Austral currently transports ores mined from Amancaya to a new plant at its Guanaco mine, located approximately 70 km to the northeast.
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