Patagonia Gold signs a farm-in agreement with a private, arm’s length company working in the mining domain (the Partner) for a drilling project of approximately 20,000 m on the Monte Leon target in the Company’s El Tranquilo block of concessions to receive up to 50% interest in Monte Leon.
Patagonia Gold Enters into Definitive Agreements to Acquire the Homenaje and Nico Projects in Argentina
April 19, 2021 06:31 ET | Source: Patagonia Gold Corp. Patagonia Gold Corp.
VANCOUVER, British Columbia, April 19, 2021 (GLOBE NEWSWIRE) Patagonia Gold Corp. (“Patagonia” or the “Company”) (PGDC.TSXV) announces it has entered into definitive agreements to acquire two projects in the Deseado Massif of southern Argentina. Patagonia entered into a definitive option agreement dated April 15, 2021 (the “Option Agreement”) with Mirasol Resources Ltd. (“Mirasol”) and Mirasol’s wholly owned subsidiary Australis S.A. (“Australis” and together with Mirasol, the “Vendors”), which grants Patagonia an option to acquire a 75% undivided interest in and to Australis’ rights and interest in the Homenaje project (the “Homenaje Project” or “Homenaje”) located in Santa Cruz Province, Argentina. Patagonia also entered into a defi