Patagonia Gold - CEO, Christopher van Tienhoven.
CEO, Christopher van Tienhoven.
Source: Patagonia Gold.
  • Patagonia Gold (PGDC) has released inaugural drilling results from its Abril property in Argentina
  • The Q4 2022 reverse-circulation results assayed as high as 882 g/t silver and 1.35 g/t gold
  • Planning for follow-up work is underway
  • Patagonia Gold is a South America-focused mining company developing gold and silver projects in the Patagonia region of Argentina
  • Patagonia Gold (PGDC) opened unchanged, trading at $0.02 per share

Patagonia Gold (PGDC) has released inaugural drilling results from its Abril property in Argentina.

It completed 1,384 m of shallow, reverse-circulation drilling in the areas of mineralized channel samples. It drilled 53 holes, including 28 with mineralization, and collected 1,368 samples.

It also collected over 240 m of continuous channel samples from 12 new tranches with a portable diamond saw.

The company has identified over 12 km (strike length) of exposed epithermal veins and inferred extensions under post-mineral cover.

“We are pleased with the analytical results from this first round of company drilling at Abril,” stated Christopher van Tienhoven, Patagonia’s CEO. “The proximity to our nearby Martha property and geologic similarity to mineralization at the Martha property makes Abril a compelling target. The best results from this round of exploratory drilling are just three km south of the Martha mill and flotation plant.”

“We are now planning follow-up work, which may consist of additional prospecting and mapping, channel sampling and diamond drilling,” he added.

Analytical results (composited) from Abril reverse-circulation drilling

Patagonia Gold is a South America-focused mining company developing gold and silver projects in the Patagonia region of Argentina. It has mineral rights to over 430 properties in several provinces of Argentina and Chile.

Patagonia Gold (PGDC) opened unchanged, trading at $0.02 per share.




More From The Market Online

Thomson Reuters expands its GenAI assistant

Thomson Reuters (TSX:TRI) has revealed the expanded vision for its professional-grade GenAI assistant, CoCounsel.

InZinc reports high-grade barite results from Indy project

InZinc Mining (TSXV:IZN) reports barite results from its 2022 diamond drilling at the Indy Project in British Columbia.
PyroGenesis - PyroGenesis' STP torch for refrigerant destruction, hydrocracking and heating.

PyroGenesis to help global mining leader lower emissions

PyroGenesis Canada (TSX:PYR) signs a contract with a global mining supplier to apply its electric plasma torches towards emissions reduction.

Canadian biotech stock investigates potential weight loss drugs

FSD Pharma Inc. (CSE:HUGE) is expanding its pipeline into metabolic and related disorders including weight loss and liver health.