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New Listing: Patagonia Gold (TSXV:PGDC)

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Patagonia is focused on the Calcatreu gold and silver project in Rio Negro Province, Argentina and the Cap Oeste underground resource, with the potential for processing at the Mina Martha plant in Santa Cruz Province, Argentina.

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Additional Information:

Company: Patagonia Gold
Website: http://www.PatagoniaGold.com
Stock Symbol: TSXV: PGDC
Date Published: Jul 26, 2019
Transcript: Available

Video Transcript:

I’m Erica James for Investmentpitch Media

Patagonia Gold is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “PGDC”, following its reverse takeover with Hunt Mining, acquiring all Hunt’s assets.

Following this transaction, Patagonia Gold holds, directly or indirectly through its subsidiaries or under option agreements, the mineral rights to over 250 properties in several Provinces in Argentina, Chile and Uruguay.

Patagonia is focused on the Calcatreu gold and silver project in Rio Negro Province, Argentina and the Cap Oeste underground resource, with the potential for processing at the Mina Martha plant in Santa Cruz Province, Argentina.

Patagonia Gold is one of the largest landholders in the very prospective province of Santa Cruz, Argentina.

Currently its sole producing mine in the region is the Martha mine acquired via the Hunt transaction.

Formerly owned and operated by Coeur d’Alène Mines and Yamana, Hunt acquired the mine in May 2016 with production of gold and silver concentrate recommencing in January 2017.

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 per tonne in the early years of the project to over 400 grams per tonne 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.

The company acquired Calcatreu, located in the Rio Negro Province of Argentina, from Pan American Silver in January 2018.

It is a high grade, 2.325 grams per tonne gold equivalent, low sulphidation gold system with the mineralisation outcropping at surface.

The company initiated exploration work at Calcatreu shortly after acquiring the project.

The 2018 exploration program consisted of a 30-line kilometer Pole-Dipole Inverse Polarization geophysics survey, mapping and geochemical sampling program.

Further diamond drilling was conducted in 2018, which focused on testing geophysical anomalies at
several targets along strike from the main gold-silver mineralization trends at Calcatreu.

In conjunction with ongoing geophysical surveys, the exploration team will be carrying out updated field reconnaissance and mapping study and geochemical rock chip sampling for the remainder of the land package.

Following the cessation of operations at the Cap-Oeste open pit in July 2018, Patagonia Gold is now focused on evaluating the development of the high-grade underground resource which contains approximately 300,000 ounces of gold equivalent at 20 grams per tonne gold.

To date, the deposit has an identified and delineated strike extent of 1.2 kilometres.

The shares are currently trading at $0.135.

For more information, please visit the company’s website www.PatagoniaGold.com, contact Christopher van Tienhoven, CEO, at +54 11 5278 6950 or email cvantienhoven@PatagoniaGold.com.
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I’m Erica James for Investmentpitch Media