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Patagonia Gold Reports Results From Drilling at Abril, Santa Cruz, Argentina
VANCOUVER, British Columbia, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces results from explorati
About this update from Patagonia Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces results from exploration activities at its Abril property (“Abril”), in the Santa Cruz province of Argentina. This program is the first drilling on Abril conducted by the Company and the first since a small amount of core drilling conducted by the private company Minera Piuquenes in 2006 (see Patagonia Gold’s press release dated May 26, 2022 at www.patagonia gold.com). Highlights Assays up to 880 g/Ag from reverse circulation (“RC”) drilling in Q4 2022 (Table 1). Abril borders the Company’s Martha property on the south and was optioned from Fomicruz (see Company press release) on December 7, 2021. 1,384 meters of shallow, RC drilling completed in the areas of mineralized channel samples. 53 RC holes completed and 1,368 samples collected. Mineralization encountered in 28 of the 53 RC holes. Company exploration teams completed mapping, trenching and channel sampling of +12 km (strike length) of exposed epithermal veins and inferred extensions under post-mineral cover (Figure 1). Epithermal veins exposed on surface and in trenches are hosted in Chon Aike Formation (Jurassic age) volcanic rocks: similar to mineralization at the Company’s Martha property. Over 240 meters continuous, channel samples collected, from 12 new tranches, with a portable diamond saw. Mr. Christopher van Tienhoven, CEO of Patagonia, commented, “We are pleased with the analytical results from this first round of Company drilling at Abril. The proximity to our nearby Martha property and geologic similarity to mineralization at the Martha property makes Abril a compelling target. The best results from this round of exploratory drilling is just three km south of the Martha mill and flotation plant. We are now planning follow-up work, which may consist of additional prospecting and mapping, channel sampling and diamond drilling.” Figure 1. Location of Abril adjacent to the Martha property Table 1. Analytical Results (composited) from Abril RC Drilling Notes to Table 1. Samples were collected from RC drilling on a nominal one-meter interval. Mineralized intervals are down-hole lengths. True widths are not yet known. 20 g/t Ag minimum grade was used in compositing; grades were not capped. All analyses were performed by Alex Stewa...