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Patagonia Gold Plc
Summary
| Project: | Cap-Oeste | |
|---|---|---|
| Deposit: | Cap-Oeste | |
| Location: | Argentina | |
| Commodities: | Gold-Silver | |
| Date: | 11/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-11-2017: Patagonia Gold Plc announces a Resource Estimation report for its Cap-Oeste deposit at the Cap-Oeste project. Updated mineral resource estimate for Cap-Oeste. Patagonia Gold Plc, the mining company with gold and silver projects in the southern | |
| Resources: | (Resource, M+I): 10.56Mt @ 2.07g/t Au, 72.85g/t Ag at project | |
| CP/QP: | [Overall Report]: Matthew Boyes (Internal) | |
| ABSTRACT: | Patagonia Gold Plc, the mining company with gold and silver projects in the southern Patagonia region of Argentina, Chile and Uruguay, announces an update of the Cap-Oeste resource model and forecast production update for the Cap-Oeste heap leach operation. Current pit operations have now advanced to a level where high grade COSE style hypogene mineralisation has been exposed, enabling the Company to confirm the shoot's dimensions and style of mineralisation and grade below the current pit. A subsequent reinterpretation of the deeper drilling and mineralisation intersected below the current pit, has led to a material increase in the tonnage and contained Au and Ag of this non refractory style of mineralisation (which falls within the COSE style mineralisation). An updated JORC compliant resource model has been completed by CUBE Consulting to report on the ore below the current pit and shows a material increase in the COSE type mineralisation, which can be treated via cyanide leaching, in the Cap-Oeste resource (Measured and Indicated) which is now approximately 295,000 oz AuEq at an average grade of approximately 19.40 g/t AuEq. The current pit, which is expected to be completed in March 2018, as at the end of August 2017, still contains 578,347t @ 3.32 g/t Au and 131 g/t Ag for 61,875 oz Au and 2.44 Moz Ag for a total AuEq contained oz of 96,994 oz and has not been included in the updated JORC Code Compliant resource. | |
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