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Market: AIM
Sector: General Mining - Gold
EPIC: PGD
Latest Price: 40.50p  (-4.14% Descending)
52-week High: 71.00p
52-week Low: 36.75p
Market Cap: 298.28M
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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.
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Patagonia Gold's Cap Oeste gold-silver project shows persistent grades and widths at depth

23rd Jun 2009, 8:22 am Patagonia Gold's Cap Oeste gold-silver project shows persistent grades and widths at depth

The 14,677 metre drilling programme recently completed by Patagonia Gold on their El Tranquilo property in Argentina's Santa Cruz province has continued to show strong gold values at depth.


The chief target has been the Main Shoot on the Bonanza fault in the Cap Oeste zone, which hosts an NI 43-101 compliant resource of 304,099 ounces of gold and almost 7 million ounces of silver. All results have now been received, and the Main Shoot has been tracked down to 340 metres depth in hole CO-155-D, with a 1.6 m intersection returning 6.91 g/t Au and 230 g/t Ag. CO-155-D also returned 23 metres at 5.81 g/t Au from 260 metres, and 20.5 metres of 3.98 g/t starting at 330 metres depth. The results will form the basis of an upgraded resource statement due in the third quarter.


A further campaign starting in September will continue testing the deeper levels of the Main Shoot as well as exploring other semi-parallel shoots within the resource area.

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