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Patagonia Gold Plc
Summary
| Project: | La Manchuria | |
|---|---|---|
| Deposit: | La Manchuria | |
| Location: | Argentina | |
| Commodities: | Silver-Gold | |
| Date: | 10/1/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-10-2019: Patagonia Gold Plc announces a Resource Estimation report for its La Manchuria deposit at the La Manchuria project. Updated mineral resource estimate for project. Micon International Limited (Micon) has been contracted by Patagonia Gold S.A. (P | |
| Resources: | (Resource): 0.474Mt @ 3.53g/t AuEq (Ind) and 1.836Mt @ 1.56g/t AuEq (Inf) | |
| CP/QP: | [Resources]: Thomas C. Stubens (Micon International Ltd.) | |
| ABSTRACT: | Micon International Limited (Micon) has been contracted by Patagonia Gold S.A. (PGSA) to generate an updated Mineral Resource Estimate and to prepare a supporting Canadian National Instrument (NI) 43-101 compliant Technical Report on PGSA’s La Manchuria gold/silver Project in Santa Cruz Province, Argentina. PGSA is a 90% owned subsidiary of Patagonia Gold Corp. (PGDC) which is listed on the TSX Venture Exchange. The remaining 10% is held by Fomicruz S.E. The La Manchuria property is located in the Patagonian region of southern Argentina, in the central part of the Province of Santa Cruz, within the Department of Lago Buenos Aires. It is located 85 km north-northeast of the city of Gobernador Gregores. The La Manchuria deposit is a low-sulphidation epithermal gold and silver system hosted by rhyolitic, dacitic and andesitic tuffs of the Deseado Massif geological province. Mineralized veins and breccias consist of quartz (colloform, banded, and chalcedonic morphologies), adularia, bladed carbonate (often replaced by quartz), and ginguro (dark sulphide material containing fine-grained electrum or silver sulphosalts banded with quartz). Discrete vein deposits develop where mineralizing hydrothermal fluids are focused into dilation zones, producing ore shoots, which host the highest precious metal grades. | |
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