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Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: PGD
Latest Price: 29.00p  (0.87% Ascending)
52-week High: 71.00p
52-week Low: 22.00p
Market Cap: 216.79M
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Patagonia Gold
www.patagoniagold.com
Patagonia Gold is a mining explorer. It holds permits or options to purchase property in the Patagonian region of Argentina and Chile across an area of over 7,000 square kilometres. The company is exploring principally for gold and silver.

Major shareholders include Carlos Miguens, the Argentinean industrialist and Barrick Gold, the world’s largest gold miner. The company is led by Chairman, Sir John Craven, who is recently retired as Chairman of Lonmin, and Chief Executive Officer, Bill Humphries, the co-founder of the successful mining explorer, Brancote Holdings. He is also Chairman of Landore Resources, which is also an AIM listed mineral explorer.
Full Patagonia Gold profile here
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Patagonia Gold maintains momentum at Cap-Oeste

12th Jan 2012, 8:31 am by Philip Whiterow The best of the drill holes, CO-317-D, included 37.40 metres showing 20.04 grams per tonne (g/t) gold.

Patagonia Gold (LON:PGD) said today its latest drilling on the Cap-Oeste deposit in Argentina had continued to hit good grades of gold and silver.

The best of the drill holes, CO-317-D, included 37.40 metres showing 20.04 grams per tonne (g/t) gold and 206 g/t silver, with the range of the other holes in the programme between 7.7g/t and 3.4 g/t gold.

Patagonia said the drilling was concentrated on the recently discovered high grade area to the immediate north west of the main shoot. The results today were for the first 18 holes in this campaign with assay results pending on a further 22 drill-holes. 

This current infill and extension drilling campaign will be closed at the end of January to allow a fourth NI 43-101 compliant resource update, which is scheduled for the second quarter of this year but Patagonia said that drilling will continue eslewhere at Cap-Oeste, which remains open along strike in both directions and down plunge.

Cap-Oeste is the group’s gold and silver project, with a NI 43-101 compliant gold equivalent resource of 966,972 ounces Indicated, with a further inferred resource of 266,968 ounces. 

The prospect is situated on the El Tranquilo block that also contains Patagonia’s COSE bonanza grade gold and silver deposit, where an underground mining operation is expected to start this quarter.

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