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Patagonia Gold Announces Drill Results from Piche Structure at Its Calcatreu Project in the Rio Negro Province
VANCOUVER, British Columbia, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Pata...
About this update from Patagonia Gold Corp
[{"type":"text","content":"Patagonia Gold Announces Drill Results from Piche Structure at Its Calcatreu Project in the Rio Negro ProvinceShallow drilling intercepts up to 11.4 grams per tonne gold (g/t) and 153 g/t silver over 0.85 meters drill length in hole PS-001-D\n\n\n\n VANCOUVER, British Columbia, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV:PGDC) is pleased to announce new analytical results from drilling on the Piche structure (“Piche”) at its Calcatreu development property (“Calcatreu” or the “Project”) in the Rio Negro Province.\n \n\n Calcatreu is located in the Somuncura Massif – a region of southern Argentina known for Jurassic-aged, epithermal mineral deposits. The Project’s indicated mineral resources stand at 9.8 M tonnes grading 2.11 g/t gold and 19.83 g/t Ag for 669 K and 6.3 M contained ounces of gold and silver, respectively, and inferred mineral resources of 8.1 M tonnes grading 1.34 g/t gold and 13.1 g/t silver for 348 K and 3.4 M contained ounces of gold and silver, respectively (as disclosed in the Technical Report (as defined below)). The Project’s mineral resources were estimated with gold and silver prices of US$1,300 Au and US$16 Ag, respectively, and the Company expects to update the Technical Report by the end of 2025 to reflect, among other things, current metal prices, new drill results and other technical and social developments.\n \n\n Piche is a typical low-sulfidation epithermal precious metal deposit and lies about 150 meters southeast of the main Nelson structure with mineralization characteristics similar to those of Nelson. In November 2024, the Company announced it had received final permits for construction of the mine and heap leach pad at Calcatreu (\n \n https://patagoniagold.com/investors/news-releases/\n \n ).\n \n\n As part of the Company’s permitted development activities at Calcatreu, a total of 7 HQ-sized core holes, totaling 300 meters, were drilled on Piche in late 2024 and early 2025 to help identify new, near surface mineralization, and for geotechnical purposes in the area of the planned heap leach site. Figures 1 and 2 show the location of Piche and Table 1 shows composite analytical results for such drilling.\n \n\n Commenting on the new Piche Sur drill r...