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.
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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
Patagonia Gold to resume exploration at El Tranquilo
VANCOUVER, British Columbia, Dec. 29, 2020 (GLOBE NEWSWIRE) Patagonia Gold Corp. (“Patagonia” or “the Company”), (PGDC.TSXV) announces a new drilling campaign at its El Tranquilo gold/silver property in the province of Santa Cruz, Argentina. The property encompasses the Company’s Cap Oeste gold/silver Project, which includes the former surface mine and current heap leach operations (the “Capo Project”) and Pan American Silver’s COSE (Cap Oeste Sur Este) mine (see map below).
The initial focus of the program will be on the Monte Leon target followed by other targets defined by the Company’s geological team (please see map below). Monte Leon is located about 11 km southeast of the Capo Project.