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Patagonia Gold Announces Gold Room Production Facility Commissioned and Production Of Dor? Commenced
TORONTO, Nov. 26, 2012 /CNW/ - Patagonia Gold Plc (TSX: PAT, AIM: PGD) ("Patagonia Gold" ...
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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Nov. 26, 2012 /CNW/ - Patagonia Gold Plc (TSX: PAT, AIM: PGD) (\"Patagonia Gold\" or \"the Company\") today announced the first doré production from its Lomada de Leiva gold project through\n commissioning of the Gold Room facility in the province of Santa Cruz\n in Argentina.\n\n\n\n\n\nHighlights:\n\n\nSuccessful commissioning of the gold elution, smelting, electro-winning\n and carbon regeneration circuits of the Gold Room production facility\n\n\nFirst doré ingot poured on November 22nd for a total of 23.022 kg \n\n\nRemaining carbon from the Lomada heap leach trial is scheduled to be\n stripped by the end of December with revenue received in January 2013\n\n\nThe Company's Gold Room facility, located at its La Bajada property, has\n been successfully commissioned and gold production has commenced.  A\n total of 1,040 kg of loaded carbon from the Lomada heap leach trial\n with a grade of 16,800 grams/tonne (g/t) gold was successfully eluted,\n using the recently completed elution plant, before electro-winning and\n smelting.  A doré bar of 23.022 kg has been produced with final gold\n payable content to be established upon assay and refining by Johnson\n Matthey, Canada.\n\n\nPhotos of the gold pour will be posted on the Company's website, www.patagoniagold.com.\n\n\nA total of 18 tonnes of loaded carbon is to be stripped through the\n circuit over the next four weeks with a contained gold inventory,\n estimated from assays in-house and external checks, to be 4,200 ounces\n (135 kg).  A full reconciliation will be completed against poured and\n refined metal once all carbon has been stripped and doré refined. \n Payment is expected 20 days after shipping.\n\n\nIrrigation of the existing heap leach trial pad has recommenced.  Mining\n and loading of an additional 60,000 tonnes of material onto the trial\n pad is scheduled to commence in December 2012, with irrigation in\n January 2013 to provide production while construction of the main pad\n continues.\n\n\n\"With our first gold pour, Patagonia Gold has now advanced from explorer\n to producer and is well positioned to capitalize on the high prevailing\n gold price,\" said Bill Humphries, CEO of Patagonia Gold.  \"We will continue to develop our exciting portfolio of projects whilst\n expanding the curren...