AI
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
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
Bullish
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