Exciting Advancements for Patagonia Gold Corp.
Patagonia Gold Corp. proudly announces a major milestone in its journey. With the approval of the final permit, the company is set to embark on the construction and development of the highly anticipated Calcatreu gold and silver project. This significant development reflects Patagonia's commitment to advancing its mining operations and enhancing shareholder value.
What the Permit Means for Calcatreu
On November 6, the company received official notification from regional authorities granting permission to proceed. This stage is critical for the Calcatreu project, located in Argentina's Rio Negro province, as it enables Patagonia Gold to transition from planning to active construction and development.
Heap Leach Operation Development
Patagonia Gold is actively refining its plans for a heap leach operation, which will facilitate the efficient extraction of gold and silver. This method has proven successful for the company in the past, with two heap leach operations commencing production during the last decade.
The Calcatreu Gold-Silver Project
Situated in southern Rio Negro, the Calcatreu project boasts impressive mineral resources. Recent estimates suggest that the site contains approximately 9.84 million tonnes of measured and indicated mineral resources with an exceptional average grade of 2.11 g/t Au alongside 19.8 g/t Ag. Additionally, 8.08 million tonnes of inferred mineral resources with grades of 1.34 g/t Au and 13.1 g/t Ag stand ready for exploration.
Mineral Resources Overview
The rich mineralization found at Calcatreu occurs close to the surface, making extraction efforts potentially advantageous. The project features a low sulfidation, epithermal gold and silver system, indicating substantial geological potential that could lead to significant returns for investors. The comprehensive resource delineation reinforces Patagonia Gold's strategic advantage in the region.
Patagonia Gold's Broader Goals
Patagonia Gold Corp. focuses on growth through the exploration and development of mineral resources in Argentina’s pristine Patagonia region. The company continues to strengthen its portfolio, boasting ownership of over 430 properties across various provinces. By concentrating efforts on key projects like Calcatreu and the Cap-Oeste underground project, Patagonia aims to solidify its status as a significant player in the gold and silver mining sector.
Contact Information for Stakeholders
For stakeholders and potential investors keen to learn more about the project or to discuss partnership opportunities, Patagonia Gold’s Chief Executive Officer, Christopher van Tienhoven, remains available for inquiries. Those interested can reach out via phone at +54 11 5278 6950 or email!
Frequently Asked Questions
What is the significance of the final permit for Patagonia Gold?
The final permit allows Patagonia Gold to commence construction and development activities at the Calcatreu project, marking an important step in the company's growth strategy.
What mining method is Patagonia Gold developing at Calcatreu?
The company is developing a heap leach operation to effectively process gold and silver from the Calcatreu project, drawing from its successful history with this mining technique.
How large are the mineral resources at the Calcatreu project?
The Calcatreu project features 9.84 million tonnes of measured and indicated resources with an average grade of 2.11 g/t Au and 19.8 g/t Ag, significantly contributing to the project's value.
What is Patagonia Gold's approach to resource management?
Patagonia Gold is focused on responsible resource management, ensuring sustainability while maximizing shareholder value through its mining projects.
Who to contact for more information about Patagonia Gold?
For more information, stakeholders can contact Christopher van Tienhoven, CEO of Patagonia Gold Corp., at +54 11 5278 6950 or via email.
