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Patagonia Gold Announces US$40 Million Investment Into Its Calcatreu Project
VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) --
Patagonia Gold Corp. (“ Patagonia ” or the “ Company ”) (TSXV: PGDC) is pleased to announce that, further to its news release dated March 14, 2025, it has entered into an investment agreement (the “ Investment Agreement ”) with Black River Mine Inc. (the “ Investor ”) through its wholly-owned subsidiary, Patagonia Gold Canada Inc. (“ PG Canada ”), pursuant to which the Investor has agreed to invest up to US$40 million (the “ Financing ”) to support the development of Patagonia’s flagship Calcatreu Project (the “ Project ”) in Rio Negro, Argentina.
Under the terms of the Investment Agreement, the Investor will acquire up to 40 million preferred shares (“ Preferred Shares ”) of PG Canada, which holds the Project through Minera Calcatreu SAU (the “ Operator ”). The Preferred Shares will be issued at a price of US$1.00 per share, resulting in total gross proceeds of US$40 million.
Investment Structure and Governance
The Investor is a newly formed corporation comprised of a consortium of investors and controlled by Carlos J. Miguens (the “ Lead Investor ”). A copy of the Investment Agreement, including the form of shareholders’ agreement that will be entered into on closing of the Financing and govern the affairs of PG Canada (the “ Shareholders’ Agreement ” and together with the Investment Agreement, the “ Agreements ”), will be filed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca .
The Agreements provide the Investor with certain rights, so long as it retains ownership of all of the Preferred Shares. These rights include:
Board Representation : The ability to nominate one of the three directors of PG Canada.
Future Investment Rights : The right to participate in new issuances of preferred shares or other equity securities by PG Canada, subject to the Agreements’ terms.
Preferred Share Ownership : The Investor will receive Preferred Shares representing 40% of the PG Canada share structure. As a result, Patagonia will continue to control the Project through its resulting 60% interest in PG Canada.
In addition, the Investor will be entitled to receive distributions on the Preferred Shares in the following order of priority (the “ Distribution Policy ”), which Distribution Policy will be set out in the Shareholders’ Agreement:
Preferred Distributions : The Investor will receive 80% of the “Available Cash” (as defined below) until it has received an amount equal to US$40 million (the “ Preferred Distribution Amount ”), with the Company receiving the remaining 20%.
Catch-Up Distributions : After the Investor has received the Preferred Distribution Amount, the Company will receive 100% of the Available Cash until it has received an amount equal to US$60 million (the “ Catch-Up Distribution Amount ”), with the Investor not receiving any of the Available Cash.
Pro Rata Distributions : After the Company has received the Catch-Up Distribution Amount, the Company will receive 60% of the Available Cash and the Investor will receive the remaining 40% of the Available Cash.
Accordingly, the resulting interest held by each of the Company and the Investor in the Project’s revenues, respectively, will follow the Pro Rata Distribution percentages above.
For purposes of the Distribution Policy, “ Available Cash ” is the Distributable Cash (as defined below) that is available for distribution to the shareholders of PG Canada in accordance with the Distribution Policy, after payment of all expenses of PG Canada. The Operator will distribute to PG Canada all of the Operator’s cash that is available for distribution after payment of all expenses of the Operator, including the servicing and repayment of the loan that the Operator expects to receive in order to fund the development of the Project (with the proceeds of the Financing being used as security for such loan), less limited reserves for sustaining capital (the “ Distributable Cash ”).
Proceeds from the Financing will be used solely for funding the development of the Project and to pay fees and expenses incurred by the Company in connection with the Financing.
Completion of the Financing remains subject to customary conditions including but not limited to: (i) shareholder approval pursuant to MI 61-101 (as defined below); and (ii) final approval of the TSX Venture Exchange (the “ TSXV ”).
The Lead Investor is a related party of the Company (as he has ownership and control over 200,717,161 common shares, representing 43.2% of the 465,051,490 common shares of the Company currently outstanding) and he is expected to be the controlling shareholder of the Investor. Accordingly, the Financing will be a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). Since the Lead Investor’s participation in the Financing will exceed 25% of the Company’s market capitalization (calculated in accordance with MI 61-101), the Company will seek shareholder approval in accordance with MI 61-101 at a special meeting of shareholders (the “ Meeting ”) to be held on May 20, 2025. The Company will be exempt from the requirement to obtain a formal valuation in connection with the Lead Investor’s participation in the Financing in reliance of Section 5.5(b) of MI 61-101. Further details regarding the Financing will be provided in the management information circular (the “ Circular ”) being prepared in connection with the Meeting. The Circular, once mailed to the Company’s shareholders, will be filed under the Company’s profile on SEDAR+ at www.sedarplus.ca .
Details of the Project
The Project is the Company’s flagship project located near the southern border of Rio Negro, approximately 85 kilometres south of the town of Ing Jacobacci.
The Company acquired the Project from Pan American Silver in 2018 and since then has been dedicated to obtaining the permits to advance the Project to production. In November 2024, the Company was notified by the local Provincial authorities that the final permit to proceed with construction and development of the Project had been granted (please see November 7, 2024 news release on https://patagoniagold.com/investors/news-releases/ ).
The Project has approximately 746,000 contained AuEq (gold equivalent) ounces of measured and indicated mineral resource category and 390,000 contained AuEq ounces of Inferred Mineral Resources as disclosed in the Technical Report (as defined below).
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the Project and the mineral resources referred to in this news release are available in the technical report prepared in accordance with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province, Argentina,” dated effective December 31, 2018 (the “ Technical Report ”), which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca .
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSXV. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 400 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements with respect to, the proposed advancement of the Project; the completion of the Financing; entering into the Shareholders’ Agreement; the participation of the Lead Investor in the Financing; the receipt of shareholder and TSXV approval; the availability of the Circular and the date of the Meeting; the availability of Distributable Cash; the intended use of proceeds from the Financing; the advancement and development of gold and silver projects in the Patagonia region of Argentina, and the anticipated growth in shareholder value. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. In particular, the Company advises that it does not have defined mineral reserves and it has not based its decision to advance development of the Project on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Patagonia Gold Announces US$40 Million Investment Into Its Calcatreu Project
VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) --
https://patagoniagold.com/investors/news-releases/?qmodStoryID=7135198172126805
Patagonia Gold Corp. (“ Patagonia ” or the “ Company ”) (TSXV: PGDC) is pleased to announce that, further to its news release dated March 14, 2025, it has entered into an investment agreement (the “ Investment Agreement ”) with Black River Mine Inc. (the “ Investor ”) through its wholly-owned subsidiary, Patagonia Gold Canada Inc. (“ PG Canada ”), pursuant to which the Investor has agreed to invest up to US$40 million (the “ Financing ”) to support the development of Patagonia’s flagship Calcatreu Project (the “ Project ”) in Rio Negro, Argentina.
Under the terms of the Investment Agreement, the Investor will acquire up to 40 million preferred shares (“ Preferred Shares ”) of PG Canada, which holds the Project through Minera Calcatreu SAU (the “ Operator ”). The Preferred Shares will be issued at a price of US$1.00 per share, resulting in total gross proceeds of US$40 million.
Investment Structure and Governance
The Investor is a newly formed corporation comprised of a consortium of investors and controlled by Carlos J. Miguens (the “ Lead Investor ”). A copy of the Investment Agreement, including the form of shareholders’ agreement that will be entered into on closing of the Financing and govern the affairs of PG Canada (the “ Shareholders’ Agreement ” and together with the Investment Agreement, the “ Agreements ”), will be filed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca .
The Agreements provide the Investor with certain rights, so long as it retains ownership of all of the Preferred Shares. These rights include:
Board Representation : The ability to nominate one of the three directors of PG Canada.
Future Investment Rights : The right to participate in new issuances of preferred shares or other equity securities by PG Canada, subject to the Agreements’ terms.
Preferred Share Ownership : The Investor will receive Preferred Shares representing 40% of the PG Canada share structure. As a result, Patagonia will continue to control the Project through its resulting 60% interest in PG Canada.
In addition, the Investor will be entitled to receive distributions on the Preferred Shares in the following order of priority (the “ Distribution Policy ”), which Distribution Policy will be set out in the Shareholders’ Agreement:
Preferred Distributions : The Investor will receive 80% of the “Available Cash” (as defined below) until it has received an amount equal to US$40 million (the “ Preferred Distribution Amount ”), with the Company receiving the remaining 20%.
Catch-Up Distributions : After the Investor has received the Preferred Distribution Amount, the Company will receive 100% of the Available Cash until it has received an amount equal to US$60 million (the “ Catch-Up Distribution Amount ”), with the Investor not receiving any of the Available Cash.
Pro Rata Distributions : After the Company has received the Catch-Up Distribution Amount, the Company will receive 60% of the Available Cash and the Investor will receive the remaining 40% of the Available Cash.
Accordingly, the resulting interest held by each of the Company and the Investor in the Project’s revenues, respectively, will follow the Pro Rata Distribution percentages above.
For purposes of the Distribution Policy, “ Available Cash ” is the Distributable Cash (as defined below) that is available for distribution to the shareholders of PG Canada in accordance with the Distribution Policy, after payment of all expenses of PG Canada. The Operator will distribute to PG Canada all of the Operator’s cash that is available for distribution after payment of all expenses of the Operator, including the servicing and repayment of the loan that the Operator expects to receive in order to fund the development of the Project (with the proceeds of the Financing being used as security for such loan), less limited reserves for sustaining capital (the “ Distributable Cash ”).
Proceeds from the Financing will be used solely for funding the development of the Project and to pay fees and expenses incurred by the Company in connection with the Financing.
Completion of the Financing remains subject to customary conditions including but not limited to: (i) shareholder approval pursuant to MI 61-101 (as defined below); and (ii) final approval of the TSX Venture Exchange (the “ TSXV ”).
The Lead Investor is a related party of the Company (as he has ownership and control over 200,717,161 common shares, representing 43.2% of the 465,051,490 common shares of the Company currently outstanding) and he is expected to be the controlling shareholder of the Investor. Accordingly, the Financing will be a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). Since the Lead Investor’s participation in the Financing will exceed 25% of the Company’s market capitalization (calculated in accordance with MI 61-101), the Company will seek shareholder approval in accordance with MI 61-101 at a special meeting of shareholders (the “ Meeting ”) to be held on May 20, 2025. The Company will be exempt from the requirement to obtain a formal valuation in connection with the Lead Investor’s participation in the Financing in reliance of Section 5.5(b) of MI 61-101. Further details regarding the Financing will be provided in the management information circular (the “ Circular ”) being prepared in connection with the Meeting. The Circular, once mailed to the Company’s shareholders, will be filed under the Company’s profile on SEDAR+ at www.sedarplus.ca .
Details of the Project
The Project is the Company’s flagship project located near the southern border of Rio Negro, approximately 85 kilometres south of the town of Ing Jacobacci.
The Company acquired the Project from Pan American Silver in 2018 and since then has been dedicated to obtaining the permits to advance the Project to production. In November 2024, the Company was notified by the local Provincial authorities that the final permit to proceed with construction and development of the Project had been granted (please see November 7, 2024 news release on https://patagoniagold.com/investors/news-releases/ ).
The Project has approximately 746,000 contained AuEq (gold equivalent) ounces of measured and indicated mineral resource category and 390,000 contained AuEq ounces of Inferred Mineral Resources as disclosed in the Technical Report (as defined below).
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the Project and the mineral resources referred to in this news release are available in the technical report prepared in accordance with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province, Argentina,” dated effective December 31, 2018 (the “ Technical Report ”), which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca .
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSXV. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 400 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements with respect to, the proposed advancement of the Project; the completion of the Financing; entering into the Shareholders’ Agreement; the participation of the Lead Investor in the Financing; the receipt of shareholder and TSXV approval; the availability of the Circular and the date of the Meeting; the availability of Distributable Cash; the intended use of proceeds from the Financing; the advancement and development of gold and silver projects in the Patagonia region of Argentina, and the anticipated growth in shareholder value. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. In particular, the Company advises that it does not have defined mineral reserves and it has not based its decision to advance development of the Project on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
https://patagoniagold.com/investors/news-releases/
https://ih.advfn.com/stock-market/TSXV/PGDC/stock-price?_gl=1*19kz1rh*_gcl_au*MTg0OTY3MzQ1MC4xNzQxNzIwNjg2
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176034313
https://stockhouse.com/companies/quote?symbol=v.pgdc
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Patagonia Gold Announces US$40 Million Investment Into Its Calcatreu Project
VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) --
https://patagoniagold.com/investors/news-releases/?qmodStoryID=7135198172126805
Patagonia Gold Corp. (“ Patagonia ” or the “ Company ”) (TSXV: PGDC) is pleased to announce that, further to its news release dated March 14, 2025, it has entered into an investment agreement (the “ Investment Agreement ”) with Black River Mine Inc. (the “ Investor ”) through its wholly-owned subsidiary, Patagonia Gold Canada Inc. (“ PG Canada ”), pursuant to which the Investor has agreed to invest up to US$40 million (the “ Financing ”) to support the development of Patagonia’s flagship Calcatreu Project (the “ Project ”) in Rio Negro, Argentina.
Under the terms of the Investment Agreement, the Investor will acquire up to 40 million preferred shares (“ Preferred Shares ”) of PG Canada, which holds the Project through Minera Calcatreu SAU (the “ Operator ”). The Preferred Shares will be issued at a price of US$1.00 per share, resulting in total gross proceeds of US$40 million.
Investment Structure and Governance
The Investor is a newly formed corporation comprised of a consortium of investors and controlled by Carlos J. Miguens (the “ Lead Investor ”). A copy of the Investment Agreement, including the form of shareholders’ agreement that will be entered into on closing of the Financing and govern the affairs of PG Canada (the “ Shareholders’ Agreement ” and together with the Investment Agreement, the “ Agreements ”), will be filed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca .
The Agreements provide the Investor with certain rights, so long as it retains ownership of all of the Preferred Shares. These rights include:
Board Representation : The ability to nominate one of the three directors of PG Canada.
Future Investment Rights : The right to participate in new issuances of preferred shares or other equity securities by PG Canada, subject to the Agreements’ terms.
Preferred Share Ownership : The Investor will receive Preferred Shares representing 40% of the PG Canada share structure. As a result, Patagonia will continue to control the Project through its resulting 60% interest in PG Canada.
In addition, the Investor will be entitled to receive distributions on the Preferred Shares in the following order of priority (the “ Distribution Policy ”), which Distribution Policy will be set out in the Shareholders’ Agreement:
Preferred Distributions : The Investor will receive 80% of the “Available Cash” (as defined below) until it has received an amount equal to US$40 million (the “ Preferred Distribution Amount ”), with the Company receiving the remaining 20%.
Catch-Up Distributions : After the Investor has received the Preferred Distribution Amount, the Company will receive 100% of the Available Cash until it has received an amount equal to US$60 million (the “ Catch-Up Distribution Amount ”), with the Investor not receiving any of the Available Cash.
Pro Rata Distributions : After the Company has received the Catch-Up Distribution Amount, the Company will receive 60% of the Available Cash and the Investor will receive the remaining 40% of the Available Cash.
Accordingly, the resulting interest held by each of the Company and the Investor in the Project’s revenues, respectively, will follow the Pro Rata Distribution percentages above.
For purposes of the Distribution Policy, “ Available Cash ” is the Distributable Cash (as defined below) that is available for distribution to the shareholders of PG Canada in accordance with the Distribution Policy, after payment of all expenses of PG Canada. The Operator will distribute to PG Canada all of the Operator’s cash that is available for distribution after payment of all expenses of the Operator, including the servicing and repayment of the loan that the Operator expects to receive in order to fund the development of the Project (with the proceeds of the Financing being used as security for such loan), less limited reserves for sustaining capital (the “ Distributable Cash ”).
Proceeds from the Financing will be used solely for funding the development of the Project and to pay fees and expenses incurred by the Company in connection with the Financing.
Completion of the Financing remains subject to customary conditions including but not limited to: (i) shareholder approval pursuant to MI 61-101 (as defined below); and (ii) final approval of the TSX Venture Exchange (the “ TSXV ”).
The Lead Investor is a related party of the Company (as he has ownership and control over 200,717,161 common shares, representing 43.2% of the 465,051,490 common shares of the Company currently outstanding) and he is expected to be the controlling shareholder of the Investor. Accordingly, the Financing will be a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). Since the Lead Investor’s participation in the Financing will exceed 25% of the Company’s market capitalization (calculated in accordance with MI 61-101), the Company will seek shareholder approval in accordance with MI 61-101 at a special meeting of shareholders (the “ Meeting ”) to be held on May 20, 2025. The Company will be exempt from the requirement to obtain a formal valuation in connection with the Lead Investor’s participation in the Financing in reliance of Section 5.5(b) of MI 61-101. Further details regarding the Financing will be provided in the management information circular (the “ Circular ”) being prepared in connection with the Meeting. The Circular, once mailed to the Company’s shareholders, will be filed under the Company’s profile on SEDAR+ at www.sedarplus.ca .
Details of the Project
The Project is the Company’s flagship project located near the southern border of Rio Negro, approximately 85 kilometres south of the town of Ing Jacobacci.
The Company acquired the Project from Pan American Silver in 2018 and since then has been dedicated to obtaining the permits to advance the Project to production. In November 2024, the Company was notified by the local Provincial authorities that the final permit to proceed with construction and development of the Project had been granted (please see November 7, 2024 news release on https://patagoniagold.com/investors/news-releases/ ).
The Project has approximately 746,000 contained AuEq (gold equivalent) ounces of measured and indicated mineral resource category and 390,000 contained AuEq ounces of Inferred Mineral Resources as disclosed in the Technical Report (as defined below).
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the Project and the mineral resources referred to in this news release are available in the technical report prepared in accordance with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province, Argentina,” dated effective December 31, 2018 (the “ Technical Report ”), which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca .
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSXV. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 400 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements with respect to, the proposed advancement of the Project; the completion of the Financing; entering into the Shareholders’ Agreement; the participation of the Lead Investor in the Financing; the receipt of shareholder and TSXV approval; the availability of the Circular and the date of the Meeting; the availability of Distributable Cash; the intended use of proceeds from the Financing; the advancement and development of gold and silver projects in the Patagonia region of Argentina, and the anticipated growth in shareholder value. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. In particular, the Company advises that it does not have defined mineral reserves and it has not based its decision to advance development of the Project on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
https://patagoniagold.com/investors/news-releases/?qmodStoryID=7135198172126805
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$World’s highest grade silver mine resumes production ♥️
https://stockhouse.com/opinion/independent-reports/2018/01/03/world-s-highest-grade-silver-mine-resumes-production
$Patagonia Gold Corp. NEWS HGLD - Gives Newmont Option to Buy Gold-Silver Assets in Argentina
for US$1.5 Million
08:18 AM EDT, 04/02/2025 (MT Newswires) --
$Patagonia Gold (PGDC.V) said on Wednesday that it signed a binding agreement granting Newmont (NGT.TO)
a six-year option to acquire the Tornado and Huracan gold-silver properties in Argentina for US$1.5 million.
The properties are located near Newmont's Cerro Negro mine. The transaction also includes the El Diablo exploration permit.
"Newmont is the right candidate to take on the properties to explore and develop their potential,"
said Christopher van Tienhoven, CEO of Patagonia.
Patagonia said the sale allows the company to focus on developing the Calcatreu property.
It is also looking at alternatives for the development of the Cap Oeste underground project.
"The company continues to streamline its large property portfolio and evaluating further joint venture
engagements and potential disposal of non-strategic properties," van Tienhoven said.
Patagonia Gold Announces Increase to Loan Facility and Extension of Its Maturity Date
VANCOUVER, British Columbia, Dec. 06, 2024 (GLOBE NEWSWIRE) --
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652433 ♥️
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https://patagoniagold.com/investors/news-releases/ ♥️
https://patagoniagold.com/investors/share-information/
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https://patagoniagold.com/exploration/el-tranquilo/
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf ♥️
$Patagonia Gold Corp. (“Patagonia” or the “Company”) ($HGLD)(TSXV: PGDC) is pleased to announce it has entered into an agreement with Cantomi Capital Ltd. (“Cantomi”) to increase the maximum aggregate amount of the Cantomi Loan (as defined below) to US$40 million and to extend its maturity.
The original loan facility, which Cantomi provided in February 2019 for US$15 million, and with a maturity date of December 31, 2025, was
subsequently amended and further increased to US$40 million with a maturity date of December 31, 2026 (as amended, the “Cantomi Loan”).
The agreement amending the Cantomi Loan provides that the maximum aggregate amount of the Cantomi Loan is increased to US$40 million.
The funds from the increased Cantomi Loan will be utilised primarily to make down payments for long lead items for the development of
the Calcatreu project until financing is secured and in addition for general working capital purposes.
Other than the amendment to increase the maximum amount of the Cantomi Loan and its maturity date, all other terms of the Cantomi Loan remain unchanged.
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange.
The Company seeks to grow shareholder value through exploration and development of gold and silver projects
in the Patagonia region of Argentina.
The Company is primarily focused on the Calcatreu project in Rio Negro and
the development of the Cap-Oeste underground project.
Patagonia, indirectly through its subsidiaries or under option agreements,
has mineral rights to over 430 properties in several provinces of Argentina and is one of
the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652716
https://patagoniagold.com/investors/news-releases/
Bullish
Bullish
Patagonia Gold Corp. NEWS HGLD - Gives Newmont Option to Buy Gold-Silver Assets in Argentina
for US$1.5 Million
08:18 AM EDT, 04/02/2025 (MT Newswires) --
Patagonia Gold (PGDC.V) said on Wednesday that it signed a binding agreement granting Newmont (NGT.TO)
a six-year option to acquire the Tornado and Huracan gold-silver properties in Argentina for US$1.5 million.
The properties are located near Newmont's Cerro Negro mine. The transaction also includes the El Diablo exploration permit.
"Newmont is the right candidate to take on the properties to explore and develop their potential,"
said Christopher van Tienhoven, CEO of Patagonia.
Patagonia said the sale allows the company to focus on developing the Calcatreu property.
It is also looking at alternatives for the development of the Cap Oeste underground project.
"The company continues to streamline its large property portfolio and evaluating further joint venture
engagements and potential disposal of non-strategic properties," van Tienhoven said.
Patagonia Gold Announces Increase to Loan Facility and Extension of Its Maturity Date
VANCOUVER, British Columbia, Dec. 06, 2024 (GLOBE NEWSWIRE) --
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652433 ♥️
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652716 ❤️
https://patagoniagold.com/investors/news-releases/ ♥️
https://patagoniagold.com/investors/share-information/ ❤️
https://patagoniagold.com/investors/share-information/
https://patagoniagold.com/investors/photo-gallery/
https://patagoniagold.com/exploration/el-tranquilo/
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
$Patagonia Gold Corp. (“Patagonia” or the “Company”) ($HGLD)(TSXV: PGDC) is pleased to announce it has entered into an agreement with Cantomi Capital Ltd. (“Cantomi”) to increase the maximum aggregate amount of the Cantomi Loan (as defined below) to US$40 million and to extend its maturity.
The original loan facility, which Cantomi provided in February 2019 for US$15 million, and with a maturity date of December 31, 2025, was
subsequently amended and further increased to US$40 million with a maturity date of December 31, 2026 (as amended, the “Cantomi Loan”).
The agreement amending the Cantomi Loan provides that the maximum aggregate amount of the Cantomi Loan is increased to US$40 million.
The funds from the increased Cantomi Loan will be utilised primarily to make down payments for long lead items for the development of
the Calcatreu project until financing is secured and in addition for general working capital purposes.
Other than the amendment to increase the maximum amount of the Cantomi Loan and its maturity date, all other terms of the Cantomi Loan remain unchanged.
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange.
The Company seeks to grow shareholder value through exploration and development of gold and silver projects
in the Patagonia region of Argentina.
The Company is primarily focused on the Calcatreu project in Rio Negro and
the development of the Cap-Oeste underground project.
Patagonia, indirectly through its subsidiaries or under option agreements,
has mineral rights to over 430 properties in several provinces of Argentina and is one of
the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652716
https://patagoniagold.com/investors/news-releases/
Bullish
Bullish
Patagonia Gold Corp. Gives Newmont Option to Buy Gold-Silver Assets in Argentina for US$1.5 Million
08:18 AM EDT, 04/02/2025 (MT Newswires) --
Patagonia Gold (PGDC.V) said on Wednesday that it signed a binding agreement granting Newmont (NGT.TO)
a six-year option to acquire the Tornado and Huracan gold-silver properties in Argentina for US$1.5 million.
The properties are located near Newmont's Cerro Negro mine. The transaction also includes the El Diablo exploration permit.
"Newmont is the right candidate to take on the properties to explore and develop their potential,"
said Christopher van Tienhoven, CEO of Patagonia.
Patagonia said the sale allows the company to focus on developing the Calcatreu property.
It is also looking at alternatives for the development of the Cap Oeste underground project.
"The company continues to streamline its large property portfolio and evaluating further joint venture
engagements and potential disposal of non-strategic properties," van Tienhoven said.
Patagonia Gold Announces Increase to Loan Facility and Extension of Its Maturity Date
VANCOUVER, British Columbia, Dec. 06, 2024 (GLOBE NEWSWIRE) --
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652433
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652716
https://patagoniagold.com/investors/news-releases/
https://patagoniagold.com/investors/share-information/
https://patagoniagold.com/investors/share-information/
https://patagoniagold.com/investors/photo-gallery/
https://patagoniagold.com/exploration/el-tranquilo/
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
$Patagonia Gold Corp. (“Patagonia” or the “Company”) ($HGLD)(TSXV: PGDC) is pleased to announce it has entered into an agreement with Cantomi Capital Ltd. (“Cantomi”) to increase the maximum aggregate amount of the Cantomi Loan (as defined below) to US$40 million and to extend its maturity.
The original loan facility, which Cantomi provided in February 2019 for US$15 million, and with a maturity date of December 31, 2025, was
subsequently amended and further increased to US$40 million with a maturity date of December 31, 2026 (as amended, the “Cantomi Loan”).
The agreement amending the Cantomi Loan provides that the maximum aggregate amount of the Cantomi Loan is increased to US$40 million.
The funds from the increased Cantomi Loan will be utilised primarily to make down payments for long lead items for the development of
the Calcatreu project until financing is secured and in addition for general working capital purposes.
Other than the amendment to increase the maximum amount of the Cantomi Loan and its maturity date, all other terms of the Cantomi Loan remain unchanged.
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange.
The Company seeks to grow shareholder value through exploration and development of gold and silver projects
in the Patagonia region of Argentina.
The Company is primarily focused on the Calcatreu project in Rio Negro and
the development of the Cap-Oeste underground project.
Patagonia, indirectly through its subsidiaries or under option agreements,
has mineral rights to over 430 properties in several provinces of Argentina and is one of
the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652716
https://patagoniagold.com/investors/news-releases/
Bullish
Bullish
AG BARGAIN - World’s highest grade silver mine resumes production ♥️
WANT A RESTART SOON ♥️
https://stockhouse.com/opinion/independent-reports/2018/01/03/world-s-highest-grade-silver-mine-resumes-production
BREAKING EXCLUSIVE Gold Is Leaving The International System | The Alex Jones Full Show Today
The Alex Jones Show
155K subscribers
XAG/USD Price Forecast Today, Technical Analysis (February 11): Silver Plunges Overnight
FXEmpire
114K subscribers
Patagonia Gold Announces Increase to Loan Facility and Extension of Its Maturity Date
VANCOUVER, British Columbia, Dec. 06, 2024 (GLOBE NEWSWIRE) --
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652433
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652716
https://patagoniagold.com/investors/news-releases/
https://patagoniagold.com/investors/share-information/
https://patagoniagold.com/investors/share-information/
https://patagoniagold.com/investors/photo-gallery/
https://patagoniagold.com/exploration/el-tranquilo/
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
$Patagonia Gold Corp. (“Patagonia” or the “Company”) ($HGLD)(TSXV: PGDC) is pleased to announce it has entered into an agreement with Cantomi Capital Ltd. (“Cantomi”) to increase the maximum aggregate amount of the Cantomi Loan (as defined below) to US$40 million and to extend its maturity.
The original loan facility, which Cantomi provided in February 2019 for US$15 million, and with a maturity date of December 31, 2025, was
subsequently amended and further increased to US$40 million with a maturity date of December 31, 2026 (as amended, the “Cantomi Loan”).
The agreement amending the Cantomi Loan provides that the maximum aggregate amount of the Cantomi Loan is increased to US$40 million.
The funds from the increased Cantomi Loan will be utilised primarily to make down payments for long lead items for the development of
the Calcatreu project until financing is secured and in addition for general working capital purposes.
Other than the amendment to increase the maximum amount of the Cantomi Loan and its maturity date, all other terms of the Cantomi Loan remain unchanged.
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange.
The Company seeks to grow shareholder value through exploration and development of gold and silver projects
in the Patagonia region of Argentina.
The Company is primarily focused on the Calcatreu project in Rio Negro and
the development of the Cap-Oeste underground project.
Patagonia, indirectly through its subsidiaries or under option agreements,
has mineral rights to over 430 properties in several provinces of Argentina and is one of
the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175652716
https://patagoniagold.com/investors/news-releases/
bigone, well here in Patagonia Gold Corp.'s website is HISTORY information:
https://patagoniagold.com/company/history/
Also The BOARD OF DIRECTOR'S Information is:
The Great TIM HUNT, NON EXECUTIVE DIRECTOR:
Mr Hunt is founder and president of Huntwood Industries, one of the largest building
products manufacturers in the Western United States.
Tim Hunt has led the development of Huntwood Industries for the past 3 decades,
taking the business from a start-up venture to a significant middle-market enterprise
responsible for over $2bn in sales.
Mr. Hunt previously spent time as an investment broker, cultivating lasting alliances
in the mining and investment communities and has been involved in the mining
sector for over 30 years, including those as founder of Hunt Mining, which has been
active in Argentina for 14 years.
https://patagoniagold.com/company/board-of-directors/
Patagonia Gold Corp, formerly known as Hunt Mining Corp., is a mineral exploration and production company
(PGDC : TSXV) / (HGLD : USOTC)
The Company’s activities include the exploration and production of minerals from properties in Argentina and Chile.
It holds, directly or indirectly through its subsidiaries or under option agreements, the mineral rights and
interests to over 350 properties in Argentina, Chile, and Uruguay .
The Company is present in Santa Cruz province through the Martha Silver mine -
One Of The Richest Highest Grade Silver Mine On Earth -
The Company also owns the Calcatreu Project in the Rio Negro province, which is a gold and silver project.
Patagonia Gold Receives Full and Final Permit to Advance with the Construction and Development of Calcatreu
https://patagoniagold.com/operations/calcatreu/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175046791
Patagonia Gold & Silver Mines Hard Asset Safety Bargain --
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
https://investorshub.advfn.com/Patagonia-Gold-Corp.-HGLD-33022
https://www.patagoniagold.com
Argentina ditch its peso for the dollar -
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2023-06-08/high-argentina-inflation-sparks-debate-to-ditch-peso-for-dollar
*Get The Gold & Silver Mines Hard Asset Safety --
https://investorshub.advfn.com/Patagonia-Gold-Corp.-HGLD-33022
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171583317
$In GOD We Trust - Real Money - AU Safety 6000yrs 
https://www.kitconet.com/images/live/au0001wb.gif
https://www.kitconet.com/images/live/ag0001wb.gif
https://www.kitco.com/images/live/gold.gif?0.8344882022363285
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
$Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
IMO!
God Bless America
The Company Management is based mainly in Buenos Aires, Argentina and the Company maintains offices
and support facilities in Perito Moreno and Jacobacci and its operation sites.
Patagonia Gold Corp, formerly known as Hunt Mining Corp., is a mineral exploration and production company
(PGDC : TSXV) / (HGLD : USOTC)
The Company’s activities include the exploration and production of minerals from properties in Argentina and Chile.
It holds, directly or indirectly through its subsidiaries or under option agreements, the mineral rights and
interests to over 350 properties in Argentina, Chile, and Uruguay .
The Company is present in Santa Cruz province through the Martha Silver mine -
One Of The Richest Highest Grade Silver Mine On Earth -
The Company also owns the Calcatreu Project in the Rio Negro province, which is a gold and silver project.
Patagonia Gold Receives Full and Final Permit to Advance with the Construction and Development of Calcatreu
https://patagoniagold.com/operations/calcatreu/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175046791
Patagonia Gold & Silver Mines Hard Asset Safety Bargain --
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
https://investorshub.advfn.com/Patagonia-Gold-Corp.-HGLD-33022
https://www.patagoniagold.com
Argentina ditch its peso for the dollar -
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2023-06-08/high-argentina-inflation-sparks-debate-to-ditch-peso-for-dollar
*Get The Gold & Silver Mines Hard Asset Safety --
https://investorshub.advfn.com/Patagonia-Gold-Corp.-HGLD-33022
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171583317
$In GOD We Trust - Real Money - AU Safety 6000yrs
https://www.kitconet.com/images/live/au0001wb.gif
https://www.kitconet.com/images/live/ag0001wb.gif
https://www.kitco.com/images/live/gold.gif?0.8344882022363285
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
$Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
IMO!
God Bless America
The Company Management is based mainly in Buenos Aires, Argentina and the Company maintains offices
and support facilities in Perito Moreno and Jacobacci and its operation sites.
Patagonia Gold Receives Full and Final Permit to Advance with the Construction and Development of Calcatreu
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
Patagonia Gold to acquire Calcatreu deposit in Argentina
UK-based mining company Patagonia Gold has signed a definitive agreement to acquire the Calcatreu deposit in Argentina from Pan American Silver.
January 3, 2018
https://www.mining-technology.com/news/patagonia-gold-acquire-calcatreu-deposit-argentina/?cf-view
Please see https://www.patagoniagold.com or www.sedarplus.ca for additional technical information.
https://patagoniagold.com/investors/photo-gallery/
UK-based mining company Patagonia Gold has signed a definitive agreement to acquire the Calcatreu deposit in Argentina from Pan American Silver.
The acquisition will be achieved through the purchase of all shares of a wholly owned subsidiary of Pan American for $15m.
The development comes after Patagonia Gold secured an exclusive option to purchase the Calcatreu deposit in April 2017.
Under the agreement, Patagonia Gold will complete the payment in two tranches.
In the first tranche, the company will make a payment of $5m once the acquisition is complete.
The remaining $10m is expected to be paid on 18 May this year.
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“The deposit is understood to contain eight million tonnes at 3.04g/t AuEq for 780,000oz
in the indicated category.”
This year, the company aims to advance the Calcatreu project by exploring the area immediately around
the existing resource in order to enhance the resource.
According to the company, it would require around 12 to 18 months to generate and drill off known targets.
Upon closure of the acquisition, Patagonia Gold intends to carry out geophysical and geochemical surveys, which is expected to help in increasing the strike length of the system currently at more than 8km.
The company expects to undertake the development of the project using the proceeds obtained from a recent fundraising.
Based on an independent mineral resource estimate in 2008, the deposit is understood to contain
eight million tonnes at 3.04g/t AuEq for 780,000oz in the indicated category,
and an additional 255,000oz at 2.32g/t AuEq in the inferred category.
Calcatreu Gold Mine.mp4
by 2011 - ?
https://youtu.be/1ieJqLHRvIs
Patagonia Gold to acquire Calcatreu deposit in Argentina
UK-based mining company Patagonia Gold has signed a definitive agreement to acquire the Calcatreu deposit in Argentina from Pan American Silver.
January 3, 2018
https://www.mining-technology.com/news/patagonia-gold-acquire-calcatreu-deposit-argentina/?cf-view
Please see https://www.patagoniagold.com or www.sedarplus.ca for additional technical information.
https://patagoniagold.com/investors/photo-gallery/
UK-based mining company Patagonia Gold has signed a definitive agreement to acquire the Calcatreu deposit in Argentina from Pan American Silver.
The acquisition will be achieved through the purchase of all shares of a wholly owned subsidiary of Pan American for $15m.
The development comes after Patagonia Gold secured an exclusive option to purchase the Calcatreu deposit in April 2017.
Under the agreement, Patagonia Gold will complete the payment in two tranches.
In the first tranche, the company will make a payment of $5m once the acquisition is complete.
The remaining $10m is expected to be paid on 18 May this year.
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Company Profile – free sample
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“The deposit is understood to contain eight million tonnes at 3.04g/t AuEq for 780,000oz
in the indicated category.”
This year, the company aims to advance the Calcatreu project by exploring the area immediately around
the existing resource in order to enhance the resource.
According to the company, it would require around 12 to 18 months to generate and drill off known targets.
Upon closure of the acquisition, Patagonia Gold intends to carry out geophysical and geochemical surveys, which is expected to help in increasing the strike length of the system currently at more than 8km.
The company expects to undertake the development of the project using the proceeds obtained from a recent fundraising.
Based on an independent mineral resource estimate in 2008, the deposit is understood to contain
eight million tonnes at 3.04g/t AuEq for 780,000oz in the indicated category,
and an additional 255,000oz at 2.32g/t AuEq in the inferred category.
Calcatreu Gold Mine.mp4
by 2011 - ?
https://youtu.be/1ieJqLHRvIs
Patagonia Gold Corp. HGLD / PGDC Receives Full and Final Permit to Advance with the Construction and Development of Calcatreu
Calcatreu Gold and Silver Project: high-grade, near-surface
resource within a massive potential epithermal vein system
? M&I: 746K oz AuEq at 2.36g/t AuEq
? Inf.:390K oz AuEq at 1.50g/t AuEq
- Identified11 significant veinsystems
? Baseline Study in progress
Calcatreu Project HGLD / TSXV:PGDC -
• 41,800 ha property (100% interest) located ~80 km southwest
of the town of Jacobacci in south central Rio Negro Province
? Easily accessible through highway with access to key regional
infrastructure (rail, power and skilled labour)
• Lies on the Somuncura Massif along the Gastre Fault System,
a highly prospective NW-SE-oriented belt hosting many
precious metal deposits across Chubut and Rio Negro
? Company has recently acquired over 100,000 ha along this belt
• High-grade, low sulphidation, epithermal gold-silver system
? Gold-silver mineralization outcrops from surface and is contained in
quartz and calcite veins and stockwork between 1 m to 5 m in width
• At least 11 significant vein systems across the property
? Vein 49, Nelson and Belen zones contained within a 2.5 km by 500
m area. Castro Sur contained within an area of 1.7 km by 100 m
? Most advanced is the Vein 49/Nelson system, which has been
delineated over a 2.5 km strike with widths of up to 20 m
? Mineralization extends to depth of at least 370 m
• Identified new epithermal veins less than 0.5 km from
Calcatreu's current mineral resources
• Advancing towards feasibility study in 2022/2023.
https://patagoniagold.com/investors/photo-gallery/#group-1
https://patagoniagold.com/investors/photo-gallery/#group-3
https://patagoniagold.com/investors/photo-gallery/
VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) --
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce the granting of the full
and final permit to advance with the construction, mining development and production
at its Calcatreu gold and silver project, in the Rio Negro province, Argentina.
On November 6, 2024, the Company was formally notified by the Rio Negro provincial authorities that the final resolution
to proceed with the construction, development and production of the Calcatreu project had been issued.
The Company is completing studies with the aim of developing a heap leach operation to produce gold and silver doré
at the Calcatreu project. The Company has ample experience with heap leach operations,
having put two heap leach operations into production over the last decade.
Calcatreu is located in the southern portion of the Rio Negro Province, 85 kilometers south of
the community of Ingeniero Jacobacci.
The project is centered on a low sulfidation, epithermal gold and silver system with mineralization outcropping at the surface.
The total measured and indicated mineral resources are estimated at 9.84 million tonnes at an average grade 2.11 g/t Au and
19.8 g/t Ag and 8.08 million tonnes of inferred mineral resources grading 1.34 g/t Au and 13.1 g/t Ag as
disclosed in the project’s Technical Report (Table 1).
Table 1. Calcatreu Mineral Resources
Mineral Resource Classification
Tonnes (K)
Average Grades (g/t) Contained Ounces (K)
Au Ag Au Ag
Indicated 9,841.0 2.11 19.8 669.0 6,275.0
Inferred 8,078.0 1.34 13.1 215.0 5,467.0
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
Please see https://www.patagoniagold.com or www.sedarplus.ca for additional technical information.
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person
as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the project and the mineral resources referred to in this news release are available in the technical report
prepared in accordance with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate,
Calcatreu Gold-Silver Project, Rio Negro Province, Argentina,” dated effective December 31, 2018 (the “ Technical Report ”),
which is available under the Company’s profile on SEDAR+
at www.sedarplus.ca .
Patagonia Gold Corp: https://patagoniagold.com
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company HGLD also listed on the TSX Venture Exchange.
The Company seeks to grow shareholder value through exploration and development of gold and silver projects
in the Patagonia region of Argentina.
The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project.
Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 430 properties
in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
Patagonia Gold Receives Full and Final Permit to Advance with the Construction and Development of Calcatreu
VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) --
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce the granting of the full
and final permit to advance with the construction, mining development and production
at its Calcatreu gold and silver project, in the Rio Negro province, Argentina.
On November 6, 2024, the Company was formally notified by the Rio Negro provincial authorities that the final resolution
to proceed with the construction, development and production of the Calcatreu project had been issued.
The Company is completing studies with the aim of developing a heap leach operation to produce gold and silver doré
at the Calcatreu project. The Company has ample experience with heap leach operations,
having put two heap leach operations into production over the last decade.
Calcatreu is located in the southern portion of the Rio Negro Province, 85 kilometers south of
the community of Ingeniero Jacobacci.
The project is centered on a low sulfidation, epithermal gold and silver system with mineralization outcropping at the surface.
The total measured and indicated mineral resources are estimated at 9.84 million tonnes at an average grade 2.11 g/t Au and
19.8 g/t Ag and 8.08 million tonnes of inferred mineral resources grading 1.34 g/t Au and 13.1 g/t Ag as
disclosed in the project’s Technical Report (Table 1).
Table 1. Calcatreu Mineral Resources
Mineral Resource Classification
Tonnes (K)
Average Grades (g/t) Contained Ounces (K)
Au Ag Au Ag
Indicated 9,841.0 2.11 19.8 669.0 6,275.0
Inferred 8,078.0 1.34 13.1 215.0 5,467.0
Please see https://www.patagoniagold.com or www.sedarplus.ca for additional technical information.
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the project and the mineral resources referred to in this news release are available in the technical report prepared in accordance with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province, Argentina,” dated effective December 31, 2018 (the “ Technical Report ”), which is available under the Company’s profile on SEDAR+
at www.sedarplus.ca .
Patagonia Gold Corp: https://patagoniagold.com
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 430 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
GOLD: This Meeting Can Change EVERYTHING | Simon Hunt
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DD....$Patagonia Gold Corp, formerly known as Hunt Mining Corp., is a Silver and Gold production company.
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$HGLD & $PGDC With One Of The Richest Highest Grade Silver Mine On Earth - Patagonia Gold
& Silver Mines Hard Asset Safety Bargain --
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Patagonia Gold Announces Further Advances in Calcatreu Permitting
September 03 2024
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce the progress of the Calcatreu permitting process.
The Calcatreu permitting process continues to advance positively and has reached the final stage of approval.
Largely unexplored ~7,900 ha property located between the
multi-million ounce San José and Newmont's Cerro Negro mines;
https://operations.newmont.com/latac/cerro-negro-argentina
? Newmont’s Cerro Negro mine is forecast to produce 270K oz Au in
2021. 2019 resource of 4.9M oz Au at 7.14 g/t Au and 33.6M oz Ag
at 49.3 g/t Ag
• Covers multiple geological structures that are parallel or
extensions of those at San Jose and Cerro Negro
? Hochschild/McEwen Mining’s San José mine produced 65K oz Au
and 4.1M ozAg in 2020. 2019 resource of 945K oz Au at 6.79 g/t Au
and 53.8M oz Ag at 423 g/t Au
Following positive recommendations from the Secretariat of Mining and the Secretariat of Environment and Climate Change of Rio Negro and
overwhelming support from the closest neighboring native community, the multidisciplinary environmental council (COPEAM), consisting of
various stakeholders within the Rio Negro Province, has issued a unanimous decision in favour of the development of Calcatreu.
A non-binding public hearing (the “Public Hearing”) was subsequently held on August 30, 2024 in Ing. Jacobacci, the closest city to Calcatreu.
At the Public Hearing, representatives from the Company presented the Calcatreu projec
t together with GT Ingeniería SA, the consulting
firm that prepared the Environment Impact Assessment Report in respect of the project.
Following these presentations, various bureaus and stakeholders made presentations and more than 200 individuals from the Rio Negro
Province expressed their position regarding the mining industry and the Calcatreu project.
The Public Hearing lasted just under 12 hours and the general consensus is that the Public Hearing was a success, considering
the strong support expressed by the majority of the stakeholders.
The next step in the approval process (which is also the last) is a final resolution to be issued by the Secretariat of Environment and
Climate Change of the province of Rio Negro, formally granting the permit to construct and develop Calcatreu.
This final resolution is expected to be issued within the next two months.
Calcatreu is the Company´s flagship project and is located in the southern portion of the Rio Negro Province, 85 kms south of
the community of Ing. Jacobacci.
The project is centered on a low sulfidation, epithermal gold and silver system with mineralization outcropping at the surface.
The total measured and indicated mineral resources are estimated at 9.84 million tonnes at an average grade of 2.11 g/t Au and
19.8 g/t Ag (2.36 g/t gold equivalent) and 8.08 million tonnes of inferred mineral resources grading 1.34 g/t Au and 13.1 g/t Ag
(1.5 g/t gold equivalent), as disclosed in the Technical Report (as defined below).
Once the final resolution has been issued, the Company expects to conduct further studies to determine the project’s mineral reserves,
which may lead to development of a heap leach operation to produce gold and silver doré at Calcatreu.
The Company has ample experience with heap leach operations, having put two heap leach operations into production over the last decade.
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by
National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the project and the mineral resources referred to in this news release are available in the technical report prepared in accordance
with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province,
Argentina,”
dated effective December 31, 2018 (the “Technical Report”), which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange.
The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina.
The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project.
Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 430 properties in several provinces of Argentina
and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
https://patagoniagold.com/investors/photo-gallery/
https://patagoniagold.com
https://ih.advfn.com/stock-market/TSXV/PGDC/stock-news/94480803/patagonia-gold-announces-further-advances-in-calca
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements with the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Primary Logo
Patagonia Gold (TSXV:PGDC)
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Patagonia Gold Announces Further Advances in Calcatreu Permitting
September 03 2024
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce the progress of the Calcatreu permitting process.
The Calcatreu permitting process continues to advance positively and has reached the final stage of approval.
Largely unexplored ~7,900 ha property located between the
multi-million ounce San José and Newmont's Cerro Negro mines;
https://operations.newmont.com/latac/cerro-negro-argentina
? Newmont’s Cerro Negro mine is forecast to produce 270K oz Au in
2021. 2019 resource of 4.9M oz Au at 7.14 g/t Au and 33.6M oz Ag
at 49.3 g/t Ag
• Covers multiple geological structures that are parallel or
extensions of those at San Jose and Cerro Negro
? Hochschild/McEwen Mining’s San José mine produced 65K oz Au
and 4.1M ozAg in 2020. 2019 resource of 945K oz Au at 6.79 g/t Au
and 53.8M oz Ag at 423 g/t Au
Following positive recommendations from the Secretariat of Mining and the Secretariat of Environment and Climate Change of Rio Negro and
overwhelming support from the closest neighboring native community, the multidisciplinary environmental council (COPEAM), consisting of
various stakeholders within the Rio Negro Province, has issued a unanimous decision in favour of the development of Calcatreu.
A non-binding public hearing (the “Public Hearing”) was subsequently held on August 30, 2024 in Ing. Jacobacci, the closest city to Calcatreu.
At the Public Hearing, representatives from the Company presented the Calcatreu projec
t together with GT Ingeniería SA, the consulting
firm that prepared the Environment Impact Assessment Report in respect of the project.
Following these presentations, various bureaus and stakeholders made presentations and more than 200 individuals from the Rio Negro
Province expressed their position regarding the mining industry and the Calcatreu project.
The Public Hearing lasted just under 12 hours and the general consensus is that the Public Hearing was a success, considering
the strong support expressed by the majority of the stakeholders.
The next step in the approval process (which is also the last) is a final resolution to be issued by the Secretariat of Environment and
Climate Change of the province of Rio Negro, formally granting the permit to construct and develop Calcatreu.
This final resolution is expected to be issued within the next two months.
Calcatreu is the Company´s flagship project and is located in the southern portion of the Rio Negro Province, 85 kms south of
the community of Ing. Jacobacci.
The project is centered on a low sulfidation, epithermal gold and silver system with mineralization outcropping at the surface.
The total measured and indicated mineral resources are estimated at 9.84 million tonnes at an average grade of 2.11 g/t Au and
19.8 g/t Ag (2.36 g/t gold equivalent) and 8.08 million tonnes of inferred mineral resources grading 1.34 g/t Au and 13.1 g/t Ag
(1.5 g/t gold equivalent), as disclosed in the Technical Report (as defined below).
Once the final resolution has been issued, the Company expects to conduct further studies to determine the project’s mineral reserves,
which may lead to development of a heap leach operation to produce gold and silver doré at Calcatreu.
The Company has ample experience with heap leach operations, having put two heap leach operations into production over the last decade.
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by
National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the project and the mineral resources referred to in this news release are available in the technical report prepared in accordance
with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province,
Argentina,”
dated effective December 31, 2018 (the “Technical Report”), which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange.
The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina.
The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project.
Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 430 properties in several provinces of Argentina
and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
https://patagoniagold.com/investors/photo-gallery/
https://patagoniagold.com
https://ih.advfn.com/stock-market/TSXV/PGDC/stock-news/94480803/patagonia-gold-announces-further-advances-in-calca
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements with the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Primary Logo
Patagonia Gold (TSXV:PGDC)
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Patagonia Gold Announces Further Advances in Calcatreu Permitting
September 03 2024
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce the progress of the Calcatreu permitting process.
The Calcatreu permitting process continues to advance positively and has reached the final stage of approval.
Largely unexplored ~7,900 ha property located between the
multi-million ounce San José and Newmont's Cerro Negro mines;
https://operations.newmont.com/latac/cerro-negro-argentina
? Newmont’s Cerro Negro mine is forecast to produce 270K oz Au in
2021. 2019 resource of 4.9M oz Au at 7.14 g/t Au and 33.6M oz Ag
at 49.3 g/t Ag
• Covers multiple geological structures that are parallel or
extensions of those at San Jose and Cerro Negro
? Hochschild/McEwen Mining’s San José mine produced 65K oz Au
and 4.1M ozAg in 2020. 2019 resource of 945K oz Au at 6.79 g/t Au
and 53.8M oz Ag at 423 g/t Au
Following positive recommendations from the Secretariat of Mining and the Secretariat of Environment and Climate Change of Rio Negro and
overwhelming support from the closest neighboring native community, the multidisciplinary environmental council (COPEAM), consisting of
various stakeholders within the Rio Negro Province, has issued a unanimous decision in favour of the development of Calcatreu.
A non-binding public hearing (the “Public Hearing”) was subsequently held on August 30, 2024 in Ing. Jacobacci, the closest city to Calcatreu.
At the Public Hearing, representatives from the Company presented the Calcatreu projec
t together with GT Ingeniería SA, the consulting
firm that prepared the Environment Impact Assessment Report in respect of the project.
Following these presentations, various bureaus and stakeholders made presentations and more than 200 individuals from the Rio Negro
Province expressed their position regarding the mining industry and the Calcatreu project.
The Public Hearing lasted just under 12 hours and the general consensus is that the Public Hearing was a success, considering
the strong support expressed by the majority of the stakeholders.
The next step in the approval process (which is also the last) is a final resolution to be issued by the Secretariat of Environment and
Climate Change of the province of Rio Negro, formally granting the permit to construct and develop Calcatreu.
This final resolution is expected to be issued within the next two months.
Calcatreu is the Company´s flagship project and is located in the southern portion of the Rio Negro Province, 85 kms south of
the community of Ing. Jacobacci.
The project is centered on a low sulfidation, epithermal gold and silver system with mineralization outcropping at the surface.
The total measured and indicated mineral resources are estimated at 9.84 million tonnes at an average grade of 2.11 g/t Au and
19.8 g/t Ag (2.36 g/t gold equivalent) and 8.08 million tonnes of inferred mineral resources grading 1.34 g/t Au and 13.1 g/t Ag
(1.5 g/t gold equivalent), as disclosed in the Technical Report (as defined below).
Once the final resolution has been issued, the Company expects to conduct further studies to determine the project’s mineral reserves,
which may lead to development of a heap leach operation to produce gold and silver doré at Calcatreu.
The Company has ample experience with heap leach operations, having put two heap leach operations into production over the last decade.
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by
National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the project and the mineral resources referred to in this news release are available in the technical report prepared in accordance
with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province,
Argentina,”
dated effective December 31, 2018 (the “Technical Report”), which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange.
The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina.
The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project.
Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 430 properties in several provinces of Argentina
and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
https://patagoniagold.com/investors/photo-gallery/
https://patagoniagold.com
https://ih.advfn.com/stock-market/TSXV/PGDC/stock-news/94480803/patagonia-gold-announces-further-advances-in-calca
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements with the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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Patagonia Gold Quarter 2 2024 Financial Results
VANCOUVER, British Columbia, Aug. 28, 2024 (GLOBE NEWSWIRE) --
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces its financial results for the quarter ended June 30, 2024 (“Q2 2024”).
The financial statements together with the related management’s discussion and analysis are available on the Company’s website and
under the Company’s profile on SEDAR+ at www.sedarplus.ca .
Highlights
Generated revenue of US$2.6 million in Q2 2024.
Produced 761 gold equivalent ounces (1) and sold 1,107 gold equivalent ounces (1) in Q2 2024.
Incurred exploration expenditures of US$0.7 million in Q2 2024 including completion of:
A diamond drilling program in the Abril target to test the extension of mineralization identified in previous reverse circulation drill holes.
A total of 284.2 meters were drilled, all as HQ-diameter core, and 289 samples were collected (2) .
The assays results varied significantly, with Au (gold) values ranging from 0.005 to 0.23 grams per ton (g/t) and Silver (Ag) values
ranging from 1 to 25 g/t 3 .
Notes :
(1) Consisting of 488 gold and 21,624 silver ounces of production and 779 gold and 26,503 silver ounces sold, converted to a gold equivalent
using a ratio of the average spot market price for the commodities each period.
The ratio for three months ended June 30, 2024 was 79.23:1 (2023 – 80.54:1).
(2) Includes 18 samples submitted for QAQC purposes. All QAQC samples were within expected analytical limits.
(3) Assays were performed at Alex Stewart International, a certified, independent, commercial laboratory with sample preparation and analytical
facilities in Mendoza, Argentina.
Gold values were determined by fire assay techniques and silver values were determined by four acid digestion and ICP-MS.
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by
National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange.
The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina.
The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project.
Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 430 properties in several provinces of Argentina
and is one of the largest landholders in the province of Santa Cruz, Argentina.
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements with respect to, among other things, the advancement and development of gold and silver projects in the Patagonia region of Argentina, including the drilling program in the Abril target, and the anticipated growth in shareholder value. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
Patagonia Gold Corp: https://patagoniagold.com
Del Libertador 498. Piso 26, BUENOS AIRES C1001ABR, Argentina
Phone(s):
Primary: 54 (11) 52786950
Fax: +1 509 352-3330
Phone Number: +1 403 617-7609
Contact(s):
dean@boardmarker.net
Key Officers:
Christopher Van Tienhoven - CEO
Chief Executive Officer, Director
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174690425
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News Provided by GlobeNewswire via QuoteMedia
It's "The Endgame" Financially | Francis Hunt - Liberty and Finance - VIDEO
$PATAGONIA GOLD CORP, $HGLD & $PGDC formerly known as $Hunt Mining Corp., is
a mineral exploration and production company.
The Company’s activities include the exploration and production of minerals from
properties in Argentina and Chile.
$Patagonia holds, directly or indirectly through its subsidiaries or under option agreements,
the mineral rights and interests to over 350 properties in Argentina, Chile, and Uruguay .
The Company is present in Santa Cruz province through the $Martha mine.
$Patagonia also owns the $Calcatreu Project in the Rio Negro province, which is
a gold and silver project.
The Company Management is based mainly in Buenos Aires, Argentina and the Company
maintains offices and support facilities in Perito Moreno and Jacobacci and its operation sites.
DD....$HGLD & $PGDC With One Of The Richest Highest Grade Silver Mine On Earth -
$Patagonia Gold & Silver Mines Hard Asset Safety Bargain --
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
https://investorshub.advfn.com/Patagonia-Gold-Corp.-HGLD-33022
[B]Hunt a director LT shareholder of the company -[/B]
DD....$HGLD & $PGDC With One Of The Richest Highest Grade Silver Mine On Earth -
Patagonia Gold & Silver Mines Hard Asset Safety Bargain --
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
https://investorshub.advfn.com/Patagonia-Gold-Corp.-HGLD-33022
Hunt a director LT shareholder of the company -[/B]
During its production life Martha produced from very high-grade veins and vein breccias.
The high silver grades of the historic Mineral Reserves, ranging from over 2,500 grams/tonne (g/t)
in the early years of the project to over 400 g/t in the later production years, and
the high silver to gold ratio of the historic Mineral
Reserves which averaged over 900:1, set Martha apart from the other producing mines in the province.
$Patagonia Gold acquired the Martha property as part of its Reverse Takeover of $Hunt Mining Corp. in 2019.
The property consists of approximately 7,850 hectares of concessions, various buildings and facilities,
surface and underground mining and support equipment, a 480 tonne per day (tpd – maximum) crushing, grinding
and flotation plant, tailings facility, various stockpiles and waste dumps, employee living and cafeteria quarters.
In addition, $Patagonia Gold has access to surface ranch (“estancia”) lands surrounding the mine and mill site
that are approximately 35,700 hectares in size.
https://patagoniagold.com/investors/photo-gallery/
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
https://www.patagoniagold.com
It’s here, it’s due, it has to happen, and the train is moving.
Get on board before u gotta chase it.
https://www.zerohedge.com/commodities/why-we-are-start-multi-year-gold-bull-market
Long Trend is UP for Gold and Gold stocks..
Gold's $9K will take us all by surprise! How Many Ounces Of Gold & Silver Are You HOLDING? -
Rule
The Market View
$Patagonia Gold Quarter 1 2024 Financial Results
VANCOUVER, British Columbia, May 30, 2024 (GLOBE NEWSWIRE) --
$Patagonia Gold Corp. (“Patagonia” or the “Company”) (HGLD) (TSXV: PGDC) announces its financial results for the quarter ended March 31, 2024 (“Q1 2024”).
The financial statements together with the related management’s discussion and analysis are available on the Company’s website and
under the Company’s profile on SEDAR+ at www.sedarplus.ca .
Highlights
Generated revenue of US$1.8 million in Q1 2024.
Produced 636 gold equivalent ounces ( 1) and sold 850 gold equivalent ounces (1) in Q1 2024.
Incurred exploration expenditures of US$0.8 million in Q1 2024 including completion of:
Mapping and sampling on the La Valencia project and a total of 384-line kilometers of ground
magnetics surveying to the east of Veta Principal (the main structure on the project).
A diamond drilling program on the Abril project to test the extension of mineralization identified in
previous reverse circulation (RC) drill holes.
A total of 426.8 meters were drilled, all as HQ-diameter core, and 363 samples were collected ( 2) .
The assays results varied significantly, with Au (gold) values ranging from 0.005 to 4.87 grams per ton (g/t)
and Silver (Ag) values ranging from 1 to 219 g/t.
The drilling program is scheduled to continue through Q2 2024.
https://patagoniagold.com/investors/news-releases/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174375257
DD....$HGLD & $PGDC With One Of The Richest Highest Grade Silver Mine On Earth -
Patagonia Gold & Silver Mines Hard Asset Safety Bargain --
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
https://investorshub.advfn.com/Patagonia-Gold-Corp.-HGLD-33022
Hunt a director LT shareholder of the company -[/B]
During its production life Martha produced from very high-grade veins and vein breccias.
The high silver grades of the historic Mineral Reserves, ranging from over 2,500 grams/tonne (g/t)
in the early years of the project to over 400 g/t in the later production years, and
the high silver to gold ratio of the historic Mineral
Reserves which averaged over 900:1, set Martha apart from the other producing mines in the province.
Patagonia Gold acquired the Martha property as part of its Reverse Takeover of Hunt Mining Corp. in 2019.
The property consists of approximately 7,850 hectares of concessions, various buildings and facilities,
surface and underground mining and support equipment, a 480 tonne per day (tpd – maximum) crushing, grinding
and flotation plant, tailings facility, various stockpiles and waste dumps, employee living and cafeteria quarters.
In addition, Patagonia Gold has access to surface ranch (“estancia”) lands surrounding the mine and mill site
that are approximately 35,700 hectares in size.
https://patagoniagold.com/investors/photo-gallery/
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
https://www.patagoniagold.com
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