Patagonia Gold Corp (HGLD)

[NYBob]

$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.

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https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf

https://www.patagoniagold.com