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Patagonia Gold extends Mining and Processing Capacity at Lomada Gold Project
VANCOUVER, British Columbia, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces recommencement of mini
About this update from Patagonia Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces recommencement of mining and leaching operations at its Lomada de Leiva mine (“Lomada”) in the western part of the Santa Cruz Province of Argentina. Highlights The Lomada gold deposit is a classic, low-sulfidation epithermal mineral system hosted in an NNE-striking, steeply ESE-dipping structure (the “Main Breccia”) typical of other epithermal precious metal deposits of the Deseado Massif in Santa Cruz. Lomada commenced commercial gold production in 2013 via heap leaching of surface mined material. A total of 1,914,400 tonnes of mined material, grading 1.97 g/t Au, has been placed on the fully lined heap leach facility. Approximately 121,100 ounces of gold have been mined and 98,100 ounces recovered by leaching from Lomada since inception. During this period, mining occurred from a portion of the Main Breccia spanning more than 150 m vertically, 20 m wide and 600 m on strike. During peak production, Lomada achieved approximately 3,900 recovered gold ounces per month. The Company continues to recover approximately 300 gold ounces a month from pregnant leach solution at the Lomada processing facility. Mineralization, targeted for new mining and processing, occurs on the same mineralized structure that hosted all Lomada’s past production. Figure: http://patagoniagold.com/projects/lomada-de-leiva/ The Company has applied for the corresponding environmental permit which is expected to be approved by the Mining Authority during Quarter 3 2020. Upon receipt of the permit, mining is expected to commence. Christopher van Tienhoven, CEO commented: “Our production team, headed by Chief Operating Officer, Jorge Sanguin, continues to generate cash flow from residual heap leach operations at Lomada, without a lost-time accident since 2016 and no environmental incidents since 2015. The current gold price presents a compelling opportunity for the Company to continue work with newly mined material. We also remain focused on putting the Cap-Oeste underground gold project into production with material to be processed at our Martha flotation plant. Over the last few months, the Company has been using all of its efforts to mitigate the effects of the novel coronavirus on its personne...