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.
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