Patagonia Gold's Strategic Property Return to Mirasol Resources
Patagonia Gold's Strategic Move with Nico Properties
Patagonia Gold Corp. has made significant moves in its project management by returning three properties from the Nico project back to Mirasol Resources Ltd. This decision reflects a strategic shift that aims to streamline the company's focus on its gold and silver initiatives in South America.
Background on the Nico Project
Acquired in April 2021, the Nico properties were initially seen as pivotal for Patagonia's expansion in Santa Cruz. However, challenges in gaining access due to the surface landowners' restrictions have hindered potential exploration. After careful consideration, Patagonia opted to relinquish these properties, a decision communicated to Mirasol in late December of the previous year.
Mirasol's Response and Property Transfer
Upon receiving notification of the relinquishment, Mirasol assessed the situation and expressed intent to retain three out of the fourteen properties in question. This transfer was executed without additional costs to Mirasol, emphasizing the collaborative nature of the original agreement. The remaining eleven properties have now been formally returned to Mirasol.
Focus on Core Projects
Patagonia Gold is committed to enhancing shareholder value by concentrating on major projects, including the Calcatreu project in Rio Negro and the Cap-Oeste underground development. With a diverse portfolio of over 400 properties, Patagonia remains one of the largest landholders in Santa Cruz, positioning itself strongly in the mining sector.
About Patagonia Gold Corp.
Patagonia Gold Corp. is publicly traded on the TSX Venture Exchange under the ticker TSXV:PGDC. The company focuses on exploration and development in the mining sector, particularly in northern Argentina. Its strategic approach combines extensive mineral rights ownership with targeted project development.
For more details on Patagonia Gold Corp. and its ongoing projects, stakeholders can reach out through the contact information provided below.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
Frequently Asked Questions
What prompted Patagonia Gold to return properties to Mirasol?
The decision was influenced by access issues related to the surface landowners, which hindered exploration efforts on the Nico properties.
What properties were returned to Mirasol Resources?
Three properties out of the fourteen that comprise the Nico project were returned to Mirasol, while the remaining eleven properties were relinquished.
What are Patagonia Gold's main current projects?
Patagonia is primarily focused on the Calcatreu project in Rio Negro and the Cap-Oeste underground project as part of its growth strategy.
How does Patagonia Gold plan to enhance shareholder value?
The company aims to increase shareholder value through strategic property management and development of its core mining projects in Argentina.
How can investors contact Patagonia Gold for more information?
Investors can reach out to Christopher van Tienhoven, CEO, at +54 11 5278 6950 or via email at cvantienhoven@patagoniagold.com.
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