- Production of 2,519 gold equivalent ounces for Q2 2021 and 4,690 ozs AuEq for H1 2021
- The 6,000-meter, rotary air blast drill program at the Monte Leon gold/silver project was completed on July 19
- The pre-feasibility study at Calcatreu is expected to be completed in Q3 2021
- Drilling at the Tornado-Huracan property will change to diamond drilling and is expected to recommence in September
- Assessment of the development viability of the Cap Oeste underground project will commence after an evaluation of results from the drill program at the Monte Leon gold/silver project
- Q2 2021 – 1,725 ozs Au and 54,010 ozs Ag and H1 2021 – 3,315 ozs Au and 93,609 ozs Ag. The ratio for Q2 2021 was 67.92:1 and 68.00:1 for H1 2021
- Patagonia Gold Corp. is a South America-focused mining company
- Patagonia Gold Corp. (PGDC) opened trading at C$0.07 per share
Patagonia Gold (PGDC) is pleased to provide a production and exploration update on key projects located in Argentina
Highlights
- Production of 2,519 gold equivalent ounces for Q2 2021 and 4,690 ozs AuEq for H1 2021, obtained from leaching activities at the Company’s Lomada de Leiva and Cap Oeste operations in the province of Santa Cruz, Argentina.
- The 6,000-meter, rotary air blast drill program at the Monte Leon gold/silver project was completed on July 19, 2021. The objective of this drill program is to define new oxide material to place on the existing leach pad at Cap Oeste, Santa Cruz. Assay results are pending.
- The pre-feasibility study at Calcatreu is expected to be completed in Q3 2021. Calcatreu is the company’s flagship asset with 669,000 Au and 6,280,000 Ag contained ounces of measured mineral resources and indicated mineral resources and 348,000 Au and 3,400,000 Ag ounces of inferred mineral resources. The Calcatreu project is 100 per cent owned by Patagonia.
- Drilling at the Tornado-Huracan property, also located in Santa Cruz, will change to diamond drilling and is expected to recommence in September 2021. The Company started with reverse circulation (“RC”) drilling in June 2021, which was suspended due to adverse winter weather conditions compounded by COVID-19 restrictions and poor rock conditions encountered.
- Assessment of the development viability of the Cap Oeste underground project, with the treatment of the material at the Martha plant, will commence after an evaluation of results from the drill program at the Monte Leon gold/silver project. This drill program identified new sulphide mineralization that may augment the existing, high-grade component of Cap Oeste’s measured mineral resources and indicated mineral resources of 478,000 tonnes grading 19.4 Au grams per tonne.
- Q2 2021 – 1,725 ozs Au and 54,010 ozs Ag and H1 2021 – 3,315 ozs Au and 93,609 ozs Ag. The ratio for Q2 2021 was 67.92:1 and 68.00:1 for H1 2021.
Patagonia Gold Corp. is a South America-focused mining company. The company has mineral rights to over 420 properties in several provinces of Argentina and Chile and is one of the largest landholders in the province of Santa Cruz, Argentina.
Patagonia Gold Corp. (PGDC) opened trading at C$0.07 per share.
