I llike Martha;
Martha
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The Martha1. property (“Martha”) is located in the Province of Santa Cruz,
Argentina.
The closest community is the town of Gobernador Gregores, situated
approximately 50 road kilometers (km) to the west-southwest of Martha.
The
property is the site of past exploration for, and surface and underground mining
and recovery of, silver and gold from epithermal veins and vein breccias.
Patagonia 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 has access to surface ranch
(“estancia”) lands surrounding the mine and mill site that are approximately 35,700
hectares in size.
The Martha mill has a proven capacity of 240 tonnes per day (expandable to 480
tpd) and is currently processing an average of 120 tonnes per day with resulting
gold and silver concentrate sold through a third party concentrate trading company.
Patagonia expects to process future high grade underground material from the Cap
Oeste project at Martha.
1. Please see Martha NI 43-101 technical report on file at www.sedar.com, effective June 30, 201
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