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Patagonia Gold Plc
Summary
| Project: | Calcatreu | |
|---|---|---|
| Deposit: | Calcatreu | |
| Location: | Argentina | |
| Commodities: | Silver-Gold | |
| Date: | 2/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 27-2-2019: Patagonia Gold Plc announces an Exploration/Drilling Update report for its Calcatreu deposit at the Calcatreu project. Drilling results incl. 4.4m @ 11.86g/t Au, 11.12g/t Ag from 42m. Patagonia Gold Plc, the AIM-listed mining company with gold | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dr. Walter Soechting (Not stated) | |
| ABSTRACT: | Patagonia Gold Plc, the AIM-listed mining company with gold and silver projects in the Patagonia region of Argentina and in Chile and Uruguay, is pleased to announce results from its 2018 exploration drilling programme at its 100% owned Calcatreu gold-silver project in Rio Negro Province, Argentina. The Calcatreu project is located on the NW to SE-oriented, regional-scale Gastre Fault System, a highly prospective belt known to host several epithermal Au-Ag deposits. Patagonia Gold has also recently acquired new concessions, totalling more than 48,000 hectares (ha) along this belt in Rio Negro. The objective of the programme was to identify new areas with potential for the development of additional mineral resources in the immediate vicinity of the Vein 49 / Nelson deposits which host the current mineral resource at Calcatreu. The drill programme was based upon results from the Company's ground induced polarisation/resistivity (IP/Res) and magnetic surveys covering the area between the outcropping veins of Castro Sur and Vein 49. Results from the 2018 exploration drilling campaign, carried out at Calcatreu, confirmed the existence of blind/covered, mineralised structures suggested by the geophysics. The programme was successful in the discovery of encouraging, new Au and Ag mineralisation on the Castro Sur, Amistad, Eastern, Vein 49 and Belen W targets. | |
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