NYBob
6 days ago
Nomi Prins: Keynote speaker who addressed the Federal Reserve, IMF and the World Bank –
https://kingworldnews.com/nomi-prins-06-07-2025/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176244229
bigone, yes still on EQX ❤️ and
ANLDF Anfield Energy Inc
Many episodes in this series. Europa: The Last Battle - pt 1 - The Financial System
https://europathelastbattle.net/
https://odysee.com/[@ userid=1]---The-Financial-System:0
This month, the corporate elites gathered in Davos, Switzerland,
Canadian Citizens Journal
https://rumble.com/v6ufx33-this-month-the-corporate-elites-gathered-in-davos-switzerland.html?e9s=src_v1_ucp
Alberta TEAMS UP With Trump-Carney PANICS! #Alberta #TrumpNews #Bill54
Canadian Citizens Journal
https://www.rebelnews.com/stop_c2
https://rumble.com/v6uftsd-alberta-teams-up-with-trump-carney-panics-alberta-trumpnews-bill54.html
BREAKING: The Real Reason They Want WW3 Is So Sick Even Trump Can't Say It On TV
https://www.bitchute.com/video/RrIlfNHB2cU
WARNING: 15 MINUTE CITIES ARE HERE! - The Agenda Hidden In Plain Sight! - From Oxford To Kelowna
https://www.bitchute.com/video/pMNCyT5qB3QF
Teen Molested By Illegal Alien Who Biden Admin Sent Her To Live With, Police Say;
Hundreds of thousands of vulnerable youth are placed with loosely-vetted adults under the 'unaccompanied alien children' program.
By Luke Rosiak
Jun 3, 2025 DailyWire.com
https://www.dailywire.com/news/teen-molested-by-illegal-alien-who-biden-admin-sent-her-to-live-with-police-say
Trump signs proclamation to ban travel from 12 countries
Kristen Holmes Alayna Treene Kaitlan Collins Samantha Waldenberg
By Kristen Holmes, Alayna Treene, Kaitlan Collins and Samantha Waldenberg, CNN
Updated 6:21 PM EDT, Thu June 5, 2025
https://www.cnn.com/2025/06/04/politics/trump-travel-ban-proclamation
SILVER BREAKS OUT! Silver Price Headed To New All-Time High After Breakout
June 05, 2025
https://kingworldnews.com/silver-breaks-out-silver-price-headed-to-new-all-time-high-after-breakout/
Ex-Trump adviser calls for seizure of US senator’s passport
Steve Bannon has accused Lindsey Graham of “stirring up” the Ukraine
conflict by falsely promising US support to Kiev
https://www.rt.com/news/618659-trump-adviser-graham-passport/
MAGA NEWS - UK pledges 100,000 new drones for Kiev
The move comes amid a new British militarization campaign,
citing a potential conflict with Russia
https://www.rt.com/news/618628-uk-drones-ukraine-delivery/
Smoke from Canadian wildfires spreads into US Midwest
Reuters
174K followers
https://rumble.com/v6uadbr-smoke-from-canadian-wildfires-spreads-into-us-midwest.html
The idiot Zelensky calls Russian negotiators ‘idiots’
The idiot Zelensky & Russian idiots’ should all be in
prison for kazarian mass-killings, genocide - terror mass-murders!
https://www.rt.com/news/618593-trump-patience-ukraine-talks/
Senators Graham & Blumenthal Commit Treason – Martin Armstrong
Greg Hunter's USAWatchdog.com
73.9K followers
https://rumble.com/v6ua627-senators-graham-and-blumenthal-commit-treason-martin-armstrong.html
The World’s Most Desperately Needed Airplane WATER-BOMBERS Back in Production
Manufacturer De Havilland Aircraft of Canada is rapidly bringing a water-bombing aircraft
back into production as orders have surged due to raging wildfires fueled by climate change
and BS O-bama turned the water-bombers into chemtrail-bombers
some By Monique Mulima and John Ainger
September 12, 2024
https://www.bloomberg.com/news/features/2024-09-13/canada-is-making-the-world-s-most-desperately-needed-airplane
More than 25,000 residents in three provinces have been evacuated as dozens of wildfires
remained active Sunday and diminished air quality in parts of Canada and the U.S., according to officials.
Gold & Silver Consolidation Continues But Look At This…
https://kingworldnews.com/gold-silver-consolidation-continues-but-look-at-this/
Despite Volatility, Gold Price Target Is Now A Staggering $15,000
https://kingworldnews.com/despite-volatility-gold-price-target-is-now-a-staggering-15000/
EXCLUSIVE: Trump Admin Hopes To Bring ‘Thousands’ Of Refugees From South Africa By Late Summer
https://dailycaller.com/2025/05/31/trump-admin-thousands-afrikaner-refugees-south-africa-late-summer/
Right-wing Nawrocki wins Polish presidential election
The candidate backed by the Law and Justice party
has defeated Warsaw Mayor Rafal Trzaskowski
https://www.rt.com/news/618468-right-wing-nawrocki-narrow-lead/
SCOTUS HANDS TRUMP FULL CONTROL OF FEDERAL AGENCIES — LAWFARE ERA IS OVER
The Supreme Court Just Detonated The Deep State’s Last Defense Line. In A Historic Ruling,
President Donald J. Trump Has Been Granted Full Constitutional Authority To Remove The
Heads Of All So-Called “Independent” Federal Agencies — Without Cause, Delay, Or Interference.
https://gettr.com/post/p3lo24afced
WATER BOMBERS NEEDED FOR NORTH AMERICA -
BS OBAMA WANTED THEM ALL MADE CHANGED THEM INTO CHEMTRAIL BOMBERS -
The World’s Most Desperately Needed Airplane Is Back in Production
Manufacturer De Havilland Aircraft of Canada is rapidly bringing a water-bombing aircraft
back into production as orders have surged due to raging wildfires fueled by
NWO DEPOPULATION DESTRUCTION AND CHEMTRAIL WARS AGAINST THE PEOPLE
https://www.bloomberg.com/news/features/2024-09-13/canada-is-making-the-world-s-most-desperately-needed-airplane
More than 25,000 residents in three provinces have been evacuated as dozens of wildfires
remained active Sunday and diminished air quality in parts of Canada and the U.S., according to officials.
https://www.newsmax.com/world/globaltalk/fire-canada-us/2025/06/01/id/1213168/
https://gettr.com/post/p3lnoyc9044
Dire Global Economy, Dangerous Wars & Demonic AI – Steve Quayle
Greg Hunter's USAWatchdog.com
73.8K followers
https://rumble.com/v6u5btf-dire-global-economy-dangerous-wars-and-demonic-ai-steve-quayle.html?e9s=src_v1_ucp
Canada wildfires create heavy smoke that's expected to reach the US: See photos
Taylor Ardrey
Michael Loria
USA TODAY
The heavy smoke from the active wildfires in Canada is expected to hit parts of the United States.
Rising heat, winds, and dry air sparked blazes in the Canadian provinces of Saskatchewan and Manitoba,
according to the country’s Department of Natural Resources.
Residents in the United States are expected to face poor air quality from the fires as soon as May 30.
The fires have burned hundreds of thousands of acres in both provinces and reCanada wildfires create heavy smoke that's expected to reach the US: See photos
Taylor Ardrey
Michael Loria
USA TODAY
The heavy smoke from the active wildfires in Canada is expected to hit parts of the United States.
Rising heat, winds, and dry air sparked blazes in the Canadian provinces of Saskatchewan and Manitoba,
according to the country’s Department of Natural Resources.
Residents in the United States are expected to face poor air quality from the fires as soon as May 30.
The fires have burned hundreds of thousands of acres in both provinces and resulted in the evacuation
of at least 17,000 people, in what officials are calling "a very serious situation."
Resulted in the evacuation
of at least 17,000 people, in what officials are calling "a very serious situation."
https://www.usatoday.com/story/news/nation/2025/05/30/canada-wildfires-2025-smoke-photos/83941042007/
WATER BOMBERS NEEDED FOR NORTH AMERICA -
The World’s Most Desperately Needed Airplane Is Back in Production
Manufacturer De Havilland Aircraft of Canada is rapidly bringing a water-bombing aircraft
back into production as orders have surged due to raging wildfires fueled by
NWO DEPOPULATION DESTRUCTION AND CHEMTRAIL WARS AGAINST THE PEOPLE
https://www.bloomberg.com/news/features/2024-09-13/canada-is-making-the-world-s-most-desperately-needed-airplane
SOME By Monique Mulima and John Ainger
September 12, 2024 at 9:00 PM PDT
Trump denounces court’s 'political' tariff decision, calls on Supreme Court to act quickly
Trump accuses judges of harming US and expressed disappointment with Federalist Society’s judicial advice
Andrea Margolis By Andrea Margolis Fox News
Published May 29, 2025 9:52pm EDT
https://www.foxnews.com/politics/trump-denounces-courts-political-tariff-decision-calls-supreme-court-act-quickly
SCOTUS Rules Trump Can Revoke Protected Status For Half A Million Migrants From Multiple Countries
Justices Ketanji Brown Jackson and Sonia Sotomayor dissented.
By Zach Jewell
May 30, 2025 DailyWire.com
https://www.dailywire.com/news/scotus-rules-trump-can-revoke-protected-status-for-half-a-million-migrants-from-multiple-countries
Putin LAUNCHES massive attack on Ukraine after NATO assassination attempt, Trump in the dark?
Redacted News
600K followers
https://rumble.com/v6tyedj-bombshell-new-details-emerge-on-the-government-cover-up-of-covid-19-vaccine.html?e9s=src_v1_ucp
Trump: 'Foreign Enemy' Obama Facing Military Trial As Gov’t Docs Expose Citizenship Fraud
Trump News Channel
https://rumble.com/v6tt46d-trump-foreign-enemy-obama-facing-military-trial-as-govt-docs-expose-citizen.html?e9s=src_v1_ucp
Federal Trade Court Blocks Trump from Imposing Sweeping Tariffs Under Emergency Powers Law
https://www.breitbart.com/news/federal-trade-court-blocks-trump-from-imposing-sweeping-tariffs-under-emergency-powers-law/
CHINA's GOLD Power Play: Why This Could Change Everything
https://www.bitchute.com/video/ObEOwMBre7uL
Goldman Sachs Says ‘Go for Gold’: Why $3,150 Could Be Next
- 3 hours ago
Channel
Alt Invest Media
https://www.bitchute.com/video/U0PQYMFPL9iH
U.S. Political Pressure Delays B.C. Ostrich Cull | Maverick News LIVE with Rick Walker
Channel
MAVERICK NEWS CHANNEL
https://www.bitchute.com/video/7UemcSPNg9yp
Massive Mining Show Ready To Rock Timmins -
The City of Timmins has officially kicked off its annual celebration of all things mining,
proclaiming June 3–9 as Mining Week
Amanda Rabski-McColl | TimminsToday
https://www.northernontariobusiness.com/industry-news/mining/massive-mining-show-ready-to-rock-timmins-10723760?utm_source=email&utm_medium=email&utm_campaign=May%2028,
Alberta's SEPARATION from Canada gains momentum, Canada facing calamity | Redacted w Clayton Morris
Redacted News
599K followers
https://rumble.com/v6tnie3-albertas-separation-from-canada-gains-momentum-canada-facing-calamity-redac.html
Nomi Prins Just Warned China May Tell Its State-Owned Banks To Dump US Treasuries And Buy Gold
May 09, 2025
https://kingworldnews.com/nomi-prins-just-warned-china-may-tell-its-state-owned-banks-to-dump-us-treasuries-and-buy-gold/
Discovery is an Americas-focused precious metals company with a diversified portfolio -
including high-quality gold producing assets in and near Timmins, Ontario,
Canada and 100% ownership of the Cordero project in Mexico, one of
the world’s largest silver development-stage projects.
https://discoverysilver.com/?mod=article_inline
$DSV GOLD MINES BARGAIN - Nice new approach -
https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/250501-scp-dsv-initiation.pdf
NYBob
4 weeks ago
Patagonia Gold 2024 Financial Results
VANCOUVER, British Columbia, April 29, 2025 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces its audited results for the financial year ended December 31, 2024 (“YE 2024”). The audited, consolidated financial statements at year-end 2024, together with the related management’s discussion and analysis, are available on the Company’s website and under the Company’s profile at www.sedarplus.ca .
Highlights
Generated revenue of US$8.8 million in 2024.
Produced 2,810 gold equivalent ounces and sold 3,705 gold equivalent ounces (1) from the Cap-Oeste operation in Santa Cruz, Argentina.
Spent US$3 million on exploration of key projects in Argentina including completion of:
A diamond drilling program in the Abril target to test the extension of mineralization identified in previous reverse circulation drill holes. A total of 807 meters were drilled, all as HQ-diameter core, and 810 samples were collected ( 2 ) .
Assay results varied significantly, with gold values ranging from 0.005 to 4.87 grams per ton (g/t) and silver values ranging from 1 to 219 g/t (3) .
On July 9, 2024, the Company entered into an agreement with Astra Exploration Inc. (“Astra”) for the exploration and development of the Company’s La Manchuria property block in Santa Cruz, Argentina (“La Manchuria”), which grants Astra an option to earn up to a 90% interest in La Manchuria in return for spending at least US$3.0M on La Manchuria and making a cash payment of US$5.0M.
On November 6, 2024, the Company received the final permit to commence construction and development of the Company’s Calcatreu project in Rio Negro.
On October 9, 2024, the Company entered into a definitive agreement with Compañía Inversora de Minas SAU, pursuant to which it acquired four mineral properties and consolidated the Company’s Mina Angela property block in Chubut, Argentina.
Notes:
(1) Consisting of 1,796 gold and 85,212 silver ounces of production and 2,488 gold and 102,792 silver ounces sold, converted to a gold equivalent using a ratio of the average spot market price for the commodities each period. The ratio for the year ended December 31, 2024 was 84.43:1 (2023 – 82.45:1).
(2) Includes 81 samples submitted for QA/QC purposes. All QA/QC samples analyzes were within expected analytical limits.
(3) Assays were performed at Alex Stewart International, a certified, independent, commercial laboratory with sample preparation and analytical facilities in Mendoza, Argentina. Gold values were determined by fire assay techniques and silver values were determined by four acid digestion and ICP-MS.
Qualified Person’s Statement
Donald J. Birak, an independent, consulting geologist, Registered Member of SME and Fellow of AusIMM and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 400 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176034313
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
https://patagoniagold.com/investors/news-releases/
https://kingworldnews.com/expect-global-chaos-one-of-the-most-shocking-interviews-of-2025/
https://kingworldnews.com/sowing-the-seeds-for-the-next-global-crisis-crashing-equities-and-fiat-currencies/
NYBob
2 months ago
Patagonia Gold Announces US$40 Million Investment Into Its Calcatreu Project
VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) --
Patagonia Gold Corp. (“ Patagonia ” or the “ Company ”) (TSXV: PGDC) is pleased to announce that, further to its news release dated March 14, 2025, it has entered into an investment agreement (the “ Investment Agreement ”) with Black River Mine Inc. (the “ Investor ”) through its wholly-owned subsidiary, Patagonia Gold Canada Inc. (“ PG Canada ”), pursuant to which the Investor has agreed to invest up to US$40 million (the “ Financing ”) to support the development of Patagonia’s flagship Calcatreu Project (the “ Project ”) in Rio Negro, Argentina.
Under the terms of the Investment Agreement, the Investor will acquire up to 40 million preferred shares (“ Preferred Shares ”) of PG Canada, which holds the Project through Minera Calcatreu SAU (the “ Operator ”). The Preferred Shares will be issued at a price of US$1.00 per share, resulting in total gross proceeds of US$40 million.
Investment Structure and Governance
The Investor is a newly formed corporation comprised of a consortium of investors and controlled by Carlos J. Miguens (the “ Lead Investor ”). A copy of the Investment Agreement, including the form of shareholders’ agreement that will be entered into on closing of the Financing and govern the affairs of PG Canada (the “ Shareholders’ Agreement ” and together with the Investment Agreement, the “ Agreements ”), will be filed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca .
The Agreements provide the Investor with certain rights, so long as it retains ownership of all of the Preferred Shares. These rights include:
Board Representation : The ability to nominate one of the three directors of PG Canada.
Future Investment Rights : The right to participate in new issuances of preferred shares or other equity securities by PG Canada, subject to the Agreements’ terms.
Preferred Share Ownership : The Investor will receive Preferred Shares representing 40% of the PG Canada share structure. As a result, Patagonia will continue to control the Project through its resulting 60% interest in PG Canada.
In addition, the Investor will be entitled to receive distributions on the Preferred Shares in the following order of priority (the “ Distribution Policy ”), which Distribution Policy will be set out in the Shareholders’ Agreement:
Preferred Distributions : The Investor will receive 80% of the “Available Cash” (as defined below) until it has received an amount equal to US$40 million (the “ Preferred Distribution Amount ”), with the Company receiving the remaining 20%.
Catch-Up Distributions : After the Investor has received the Preferred Distribution Amount, the Company will receive 100% of the Available Cash until it has received an amount equal to US$60 million (the “ Catch-Up Distribution Amount ”), with the Investor not receiving any of the Available Cash.
Pro Rata Distributions : After the Company has received the Catch-Up Distribution Amount, the Company will receive 60% of the Available Cash and the Investor will receive the remaining 40% of the Available Cash.
Accordingly, the resulting interest held by each of the Company and the Investor in the Project’s revenues, respectively, will follow the Pro Rata Distribution percentages above.
For purposes of the Distribution Policy, “ Available Cash ” is the Distributable Cash (as defined below) that is available for distribution to the shareholders of PG Canada in accordance with the Distribution Policy, after payment of all expenses of PG Canada. The Operator will distribute to PG Canada all of the Operator’s cash that is available for distribution after payment of all expenses of the Operator, including the servicing and repayment of the loan that the Operator expects to receive in order to fund the development of the Project (with the proceeds of the Financing being used as security for such loan), less limited reserves for sustaining capital (the “ Distributable Cash ”).
Proceeds from the Financing will be used solely for funding the development of the Project and to pay fees and expenses incurred by the Company in connection with the Financing.
Completion of the Financing remains subject to customary conditions including but not limited to: (i) shareholder approval pursuant to MI 61-101 (as defined below); and (ii) final approval of the TSX Venture Exchange (the “ TSXV ”).
The Lead Investor is a related party of the Company (as he has ownership and control over 200,717,161 common shares, representing 43.2% of the 465,051,490 common shares of the Company currently outstanding) and he is expected to be the controlling shareholder of the Investor. Accordingly, the Financing will be a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). Since the Lead Investor’s participation in the Financing will exceed 25% of the Company’s market capitalization (calculated in accordance with MI 61-101), the Company will seek shareholder approval in accordance with MI 61-101 at a special meeting of shareholders (the “ Meeting ”) to be held on May 20, 2025. The Company will be exempt from the requirement to obtain a formal valuation in connection with the Lead Investor’s participation in the Financing in reliance of Section 5.5(b) of MI 61-101. Further details regarding the Financing will be provided in the management information circular (the “ Circular ”) being prepared in connection with the Meeting. The Circular, once mailed to the Company’s shareholders, will be filed under the Company’s profile on SEDAR+ at www.sedarplus.ca .
Details of the Project
The Project is the Company’s flagship project located near the southern border of Rio Negro, approximately 85 kilometres south of the town of Ing Jacobacci.
The Company acquired the Project from Pan American Silver in 2018 and since then has been dedicated to obtaining the permits to advance the Project to production. In November 2024, the Company was notified by the local Provincial authorities that the final permit to proceed with construction and development of the Project had been granted (please see November 7, 2024 news release on https://patagoniagold.com/investors/news-releases/ ).
The Project has approximately 746,000 contained AuEq (gold equivalent) ounces of measured and indicated mineral resource category and 390,000 contained AuEq ounces of Inferred Mineral Resources as disclosed in the Technical Report (as defined below).
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the Project and the mineral resources referred to in this news release are available in the technical report prepared in accordance with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province, Argentina,” dated effective December 31, 2018 (the “ Technical Report ”), which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca .
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSXV. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 400 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements with respect to, the proposed advancement of the Project; the completion of the Financing; entering into the Shareholders’ Agreement; the participation of the Lead Investor in the Financing; the receipt of shareholder and TSXV approval; the availability of the Circular and the date of the Meeting; the availability of Distributable Cash; the intended use of proceeds from the Financing; the advancement and development of gold and silver projects in the Patagonia region of Argentina, and the anticipated growth in shareholder value. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. In particular, the Company advises that it does not have defined mineral reserves and it has not based its decision to advance development of the Project on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Patagonia Gold Announces US$40 Million Investment Into Its Calcatreu Project
VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) --
https://patagoniagold.com/investors/news-releases/?qmodStoryID=7135198172126805
Patagonia Gold Corp. (“ Patagonia ” or the “ Company ”) (TSXV: PGDC) is pleased to announce that, further to its news release dated March 14, 2025, it has entered into an investment agreement (the “ Investment Agreement ”) with Black River Mine Inc. (the “ Investor ”) through its wholly-owned subsidiary, Patagonia Gold Canada Inc. (“ PG Canada ”), pursuant to which the Investor has agreed to invest up to US$40 million (the “ Financing ”) to support the development of Patagonia’s flagship Calcatreu Project (the “ Project ”) in Rio Negro, Argentina.
Under the terms of the Investment Agreement, the Investor will acquire up to 40 million preferred shares (“ Preferred Shares ”) of PG Canada, which holds the Project through Minera Calcatreu SAU (the “ Operator ”). The Preferred Shares will be issued at a price of US$1.00 per share, resulting in total gross proceeds of US$40 million.
Investment Structure and Governance
The Investor is a newly formed corporation comprised of a consortium of investors and controlled by Carlos J. Miguens (the “ Lead Investor ”). A copy of the Investment Agreement, including the form of shareholders’ agreement that will be entered into on closing of the Financing and govern the affairs of PG Canada (the “ Shareholders’ Agreement ” and together with the Investment Agreement, the “ Agreements ”), will be filed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca .
The Agreements provide the Investor with certain rights, so long as it retains ownership of all of the Preferred Shares. These rights include:
Board Representation : The ability to nominate one of the three directors of PG Canada.
Future Investment Rights : The right to participate in new issuances of preferred shares or other equity securities by PG Canada, subject to the Agreements’ terms.
Preferred Share Ownership : The Investor will receive Preferred Shares representing 40% of the PG Canada share structure. As a result, Patagonia will continue to control the Project through its resulting 60% interest in PG Canada.
In addition, the Investor will be entitled to receive distributions on the Preferred Shares in the following order of priority (the “ Distribution Policy ”), which Distribution Policy will be set out in the Shareholders’ Agreement:
Preferred Distributions : The Investor will receive 80% of the “Available Cash” (as defined below) until it has received an amount equal to US$40 million (the “ Preferred Distribution Amount ”), with the Company receiving the remaining 20%.
Catch-Up Distributions : After the Investor has received the Preferred Distribution Amount, the Company will receive 100% of the Available Cash until it has received an amount equal to US$60 million (the “ Catch-Up Distribution Amount ”), with the Investor not receiving any of the Available Cash.
Pro Rata Distributions : After the Company has received the Catch-Up Distribution Amount, the Company will receive 60% of the Available Cash and the Investor will receive the remaining 40% of the Available Cash.
Accordingly, the resulting interest held by each of the Company and the Investor in the Project’s revenues, respectively, will follow the Pro Rata Distribution percentages above.
For purposes of the Distribution Policy, “ Available Cash ” is the Distributable Cash (as defined below) that is available for distribution to the shareholders of PG Canada in accordance with the Distribution Policy, after payment of all expenses of PG Canada. The Operator will distribute to PG Canada all of the Operator’s cash that is available for distribution after payment of all expenses of the Operator, including the servicing and repayment of the loan that the Operator expects to receive in order to fund the development of the Project (with the proceeds of the Financing being used as security for such loan), less limited reserves for sustaining capital (the “ Distributable Cash ”).
Proceeds from the Financing will be used solely for funding the development of the Project and to pay fees and expenses incurred by the Company in connection with the Financing.
Completion of the Financing remains subject to customary conditions including but not limited to: (i) shareholder approval pursuant to MI 61-101 (as defined below); and (ii) final approval of the TSX Venture Exchange (the “ TSXV ”).
The Lead Investor is a related party of the Company (as he has ownership and control over 200,717,161 common shares, representing 43.2% of the 465,051,490 common shares of the Company currently outstanding) and he is expected to be the controlling shareholder of the Investor. Accordingly, the Financing will be a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). Since the Lead Investor’s participation in the Financing will exceed 25% of the Company’s market capitalization (calculated in accordance with MI 61-101), the Company will seek shareholder approval in accordance with MI 61-101 at a special meeting of shareholders (the “ Meeting ”) to be held on May 20, 2025. The Company will be exempt from the requirement to obtain a formal valuation in connection with the Lead Investor’s participation in the Financing in reliance of Section 5.5(b) of MI 61-101. Further details regarding the Financing will be provided in the management information circular (the “ Circular ”) being prepared in connection with the Meeting. The Circular, once mailed to the Company’s shareholders, will be filed under the Company’s profile on SEDAR+ at www.sedarplus.ca .
Details of the Project
The Project is the Company’s flagship project located near the southern border of Rio Negro, approximately 85 kilometres south of the town of Ing Jacobacci.
The Company acquired the Project from Pan American Silver in 2018 and since then has been dedicated to obtaining the permits to advance the Project to production. In November 2024, the Company was notified by the local Provincial authorities that the final permit to proceed with construction and development of the Project had been granted (please see November 7, 2024 news release on https://patagoniagold.com/investors/news-releases/ ).
The Project has approximately 746,000 contained AuEq (gold equivalent) ounces of measured and indicated mineral resource category and 390,000 contained AuEq ounces of Inferred Mineral Resources as disclosed in the Technical Report (as defined below).
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the Project and the mineral resources referred to in this news release are available in the technical report prepared in accordance with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province, Argentina,” dated effective December 31, 2018 (the “ Technical Report ”), which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca .
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSXV. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 400 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements with respect to, the proposed advancement of the Project; the completion of the Financing; entering into the Shareholders’ Agreement; the participation of the Lead Investor in the Financing; the receipt of shareholder and TSXV approval; the availability of the Circular and the date of the Meeting; the availability of Distributable Cash; the intended use of proceeds from the Financing; the advancement and development of gold and silver projects in the Patagonia region of Argentina, and the anticipated growth in shareholder value. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. In particular, the Company advises that it does not have defined mineral reserves and it has not based its decision to advance development of the Project on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
https://patagoniagold.com/investors/news-releases/
https://ih.advfn.com/stock-market/TSXV/PGDC/stock-price?_gl=1*19kz1rh*_gcl_au*MTg0OTY3MzQ1MC4xNzQxNzIwNjg2
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176034313
https://stockhouse.com/companies/quote?symbol=v.pgdc
Primary Logo
Primary Logo
NYBob
2 months ago
Patagonia Gold Announces US$40 Million Investment Into Its Calcatreu Project
VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) --
https://patagoniagold.com/investors/news-releases/?qmodStoryID=7135198172126805
Patagonia Gold Corp. (“ Patagonia ” or the “ Company ”) (TSXV: PGDC) is pleased to announce that, further to its news release dated March 14, 2025, it has entered into an investment agreement (the “ Investment Agreement ”) with Black River Mine Inc. (the “ Investor ”) through its wholly-owned subsidiary, Patagonia Gold Canada Inc. (“ PG Canada ”), pursuant to which the Investor has agreed to invest up to US$40 million (the “ Financing ”) to support the development of Patagonia’s flagship Calcatreu Project (the “ Project ”) in Rio Negro, Argentina.
Under the terms of the Investment Agreement, the Investor will acquire up to 40 million preferred shares (“ Preferred Shares ”) of PG Canada, which holds the Project through Minera Calcatreu SAU (the “ Operator ”). The Preferred Shares will be issued at a price of US$1.00 per share, resulting in total gross proceeds of US$40 million.
Investment Structure and Governance
The Investor is a newly formed corporation comprised of a consortium of investors and controlled by Carlos J. Miguens (the “ Lead Investor ”). A copy of the Investment Agreement, including the form of shareholders’ agreement that will be entered into on closing of the Financing and govern the affairs of PG Canada (the “ Shareholders’ Agreement ” and together with the Investment Agreement, the “ Agreements ”), will be filed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca .
The Agreements provide the Investor with certain rights, so long as it retains ownership of all of the Preferred Shares. These rights include:
Board Representation : The ability to nominate one of the three directors of PG Canada.
Future Investment Rights : The right to participate in new issuances of preferred shares or other equity securities by PG Canada, subject to the Agreements’ terms.
Preferred Share Ownership : The Investor will receive Preferred Shares representing 40% of the PG Canada share structure. As a result, Patagonia will continue to control the Project through its resulting 60% interest in PG Canada.
In addition, the Investor will be entitled to receive distributions on the Preferred Shares in the following order of priority (the “ Distribution Policy ”), which Distribution Policy will be set out in the Shareholders’ Agreement:
Preferred Distributions : The Investor will receive 80% of the “Available Cash” (as defined below) until it has received an amount equal to US$40 million (the “ Preferred Distribution Amount ”), with the Company receiving the remaining 20%.
Catch-Up Distributions : After the Investor has received the Preferred Distribution Amount, the Company will receive 100% of the Available Cash until it has received an amount equal to US$60 million (the “ Catch-Up Distribution Amount ”), with the Investor not receiving any of the Available Cash.
Pro Rata Distributions : After the Company has received the Catch-Up Distribution Amount, the Company will receive 60% of the Available Cash and the Investor will receive the remaining 40% of the Available Cash.
Accordingly, the resulting interest held by each of the Company and the Investor in the Project’s revenues, respectively, will follow the Pro Rata Distribution percentages above.
For purposes of the Distribution Policy, “ Available Cash ” is the Distributable Cash (as defined below) that is available for distribution to the shareholders of PG Canada in accordance with the Distribution Policy, after payment of all expenses of PG Canada. The Operator will distribute to PG Canada all of the Operator’s cash that is available for distribution after payment of all expenses of the Operator, including the servicing and repayment of the loan that the Operator expects to receive in order to fund the development of the Project (with the proceeds of the Financing being used as security for such loan), less limited reserves for sustaining capital (the “ Distributable Cash ”).
Proceeds from the Financing will be used solely for funding the development of the Project and to pay fees and expenses incurred by the Company in connection with the Financing.
Completion of the Financing remains subject to customary conditions including but not limited to: (i) shareholder approval pursuant to MI 61-101 (as defined below); and (ii) final approval of the TSX Venture Exchange (the “ TSXV ”).
The Lead Investor is a related party of the Company (as he has ownership and control over 200,717,161 common shares, representing 43.2% of the 465,051,490 common shares of the Company currently outstanding) and he is expected to be the controlling shareholder of the Investor. Accordingly, the Financing will be a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). Since the Lead Investor’s participation in the Financing will exceed 25% of the Company’s market capitalization (calculated in accordance with MI 61-101), the Company will seek shareholder approval in accordance with MI 61-101 at a special meeting of shareholders (the “ Meeting ”) to be held on May 20, 2025. The Company will be exempt from the requirement to obtain a formal valuation in connection with the Lead Investor’s participation in the Financing in reliance of Section 5.5(b) of MI 61-101. Further details regarding the Financing will be provided in the management information circular (the “ Circular ”) being prepared in connection with the Meeting. The Circular, once mailed to the Company’s shareholders, will be filed under the Company’s profile on SEDAR+ at www.sedarplus.ca .
Details of the Project
The Project is the Company’s flagship project located near the southern border of Rio Negro, approximately 85 kilometres south of the town of Ing Jacobacci.
The Company acquired the Project from Pan American Silver in 2018 and since then has been dedicated to obtaining the permits to advance the Project to production. In November 2024, the Company was notified by the local Provincial authorities that the final permit to proceed with construction and development of the Project had been granted (please see November 7, 2024 news release on https://patagoniagold.com/investors/news-releases/ ).
The Project has approximately 746,000 contained AuEq (gold equivalent) ounces of measured and indicated mineral resource category and 390,000 contained AuEq ounces of Inferred Mineral Resources as disclosed in the Technical Report (as defined below).
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the Project and the mineral resources referred to in this news release are available in the technical report prepared in accordance with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province, Argentina,” dated effective December 31, 2018 (the “ Technical Report ”), which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca .
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSXV. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 400 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements with respect to, the proposed advancement of the Project; the completion of the Financing; entering into the Shareholders’ Agreement; the participation of the Lead Investor in the Financing; the receipt of shareholder and TSXV approval; the availability of the Circular and the date of the Meeting; the availability of Distributable Cash; the intended use of proceeds from the Financing; the advancement and development of gold and silver projects in the Patagonia region of Argentina, and the anticipated growth in shareholder value. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. In particular, the Company advises that it does not have defined mineral reserves and it has not based its decision to advance development of the Project on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
https://patagoniagold.com/investors/news-releases/?qmodStoryID=7135198172126805
Primary Logo
NYBob
6 months ago
Patagonia Gold Receives Full and Final Permit to Advance with the Construction and Development of Calcatreu
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
Patagonia Gold to acquire Calcatreu deposit in Argentina
UK-based mining company Patagonia Gold has signed a definitive agreement to acquire the Calcatreu deposit in Argentina from Pan American Silver.
January 3, 2018
https://www.mining-technology.com/news/patagonia-gold-acquire-calcatreu-deposit-argentina/?cf-view
Please see https://www.patagoniagold.com or www.sedarplus.ca for additional technical information.
https://patagoniagold.com/investors/photo-gallery/
UK-based mining company Patagonia Gold has signed a definitive agreement to acquire the Calcatreu deposit in Argentina from Pan American Silver.
The acquisition will be achieved through the purchase of all shares of a wholly owned subsidiary of Pan American for $15m.
The development comes after Patagonia Gold secured an exclusive option to purchase the Calcatreu deposit in April 2017.
Under the agreement, Patagonia Gold will complete the payment in two tranches.
In the first tranche, the company will make a payment of $5m once the acquisition is complete.
The remaining $10m is expected to be paid on 18 May this year.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
View profiles in store
Company Profile – free sample
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
“The deposit is understood to contain eight million tonnes at 3.04g/t AuEq for 780,000oz
in the indicated category.”
This year, the company aims to advance the Calcatreu project by exploring the area immediately around
the existing resource in order to enhance the resource.
According to the company, it would require around 12 to 18 months to generate and drill off known targets.
Upon closure of the acquisition, Patagonia Gold intends to carry out geophysical and geochemical surveys, which is expected to help in increasing the strike length of the system currently at more than 8km.
The company expects to undertake the development of the project using the proceeds obtained from a recent fundraising.
Based on an independent mineral resource estimate in 2008, the deposit is understood to contain
eight million tonnes at 3.04g/t AuEq for 780,000oz in the indicated category,
and an additional 255,000oz at 2.32g/t AuEq in the inferred category.
Calcatreu Gold Mine.mp4
by 2011 - ?
https://youtu.be/1ieJqLHRvIs
https://www.youtube.com/watch?v=1ieJqLHRvIs&t=138s
Patagonia Gold Receives Full and Final Permit to Advance with the Construction and Development of Calcatreu
VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) --
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce the granting of the full
and final permit to advance with the construction, mining development and production
at its Calcatreu gold and silver project, in the Rio Negro province, Argentina.
On November 6, 2024, the Company was formally notified by the Rio Negro provincial authorities that the final resolution
to proceed with the construction, development and production of the Calcatreu project had been issued.
The Company is completing studies with the aim of developing a heap leach operation to produce gold and silver doré
at the Calcatreu project. The Company has ample experience with heap leach operations,
having put two heap leach operations into production over the last decade.
Calcatreu is located in the southern portion of the Rio Negro Province, 85 kilometers south of
the community of Ingeniero Jacobacci.
The project is centered on a low sulfidation, epithermal gold and silver system with mineralization outcropping at the surface.
The total measured and indicated mineral resources are estimated at 9.84 million tonnes at an average grade 2.11 g/t Au and
19.8 g/t Ag and 8.08 million tonnes of inferred mineral resources grading 1.34 g/t Au and 13.1 g/t Ag as
disclosed in the project’s Technical Report (Table 1).
Table 1. Calcatreu Mineral Resources
Mineral Resource Classification
Tonnes (K)
Average Grades (g/t) Contained Ounces (K)
Au Ag Au Ag
Indicated 9,841.0 2.11 19.8 669.0 6,275.0
Inferred 8,078.0 1.34 13.1 215.0 5,467.0
Please see https://www.patagoniagold.com or www.sedarplus.ca for additional technical information.
https://patagoniagold.com/investors/photo-gallery/
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the project and the mineral resources referred to in this news release are available in the technical report prepared in accordance with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province, Argentina,” dated effective December 31, 2018 (the “ Technical Report ”), which is available under the Company’s profile on SEDAR+
at www.sedarplus.ca .
Patagonia Gold Corp: https://patagoniagold.com
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 430 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175177562
NYBob
6 months ago
Patagonia Gold to acquire Calcatreu deposit in Argentina
UK-based mining company Patagonia Gold has signed a definitive agreement to acquire the Calcatreu deposit in Argentina from Pan American Silver.
January 3, 2018
https://www.mining-technology.com/news/patagonia-gold-acquire-calcatreu-deposit-argentina/?cf-view
Please see https://www.patagoniagold.com or www.sedarplus.ca for additional technical information.
https://patagoniagold.com/investors/photo-gallery/
UK-based mining company Patagonia Gold has signed a definitive agreement to acquire the Calcatreu deposit in Argentina from Pan American Silver.
The acquisition will be achieved through the purchase of all shares of a wholly owned subsidiary of Pan American for $15m.
The development comes after Patagonia Gold secured an exclusive option to purchase the Calcatreu deposit in April 2017.
Under the agreement, Patagonia Gold will complete the payment in two tranches.
In the first tranche, the company will make a payment of $5m once the acquisition is complete.
The remaining $10m is expected to be paid on 18 May this year.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
View profiles in store
Company Profile – free sample
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
Enter your work email
Please enter a valide work/buisness email
First Name
Last Name
Company Name
Job title *
Phone number *
Country *
Industry *
Tick here to opt out of curated industry news, reports, and event updates from Mining Technology.
Submit and download
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
“The deposit is understood to contain eight million tonnes at 3.04g/t AuEq for 780,000oz
in the indicated category.”
This year, the company aims to advance the Calcatreu project by exploring the area immediately around
the existing resource in order to enhance the resource.
According to the company, it would require around 12 to 18 months to generate and drill off known targets.
Upon closure of the acquisition, Patagonia Gold intends to carry out geophysical and geochemical surveys, which is expected to help in increasing the strike length of the system currently at more than 8km.
The company expects to undertake the development of the project using the proceeds obtained from a recent fundraising.
Based on an independent mineral resource estimate in 2008, the deposit is understood to contain
eight million tonnes at 3.04g/t AuEq for 780,000oz in the indicated category,
and an additional 255,000oz at 2.32g/t AuEq in the inferred category.
Calcatreu Gold Mine.mp4
by 2011 - ?
https://youtu.be/1ieJqLHRvIs
https://www.youtube.com/watch?v=1ieJqLHRvIs&t=138s
Patagonia Gold Receives Full and Final Permit to Advance with the Construction and Development of Calcatreu
VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) --
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce the granting of the full
and final permit to advance with the construction, mining development and production
at its Calcatreu gold and silver project, in the Rio Negro province, Argentina.
On November 6, 2024, the Company was formally notified by the Rio Negro provincial authorities that the final resolution
to proceed with the construction, development and production of the Calcatreu project had been issued.
The Company is completing studies with the aim of developing a heap leach operation to produce gold and silver doré
at the Calcatreu project. The Company has ample experience with heap leach operations,
having put two heap leach operations into production over the last decade.
Calcatreu is located in the southern portion of the Rio Negro Province, 85 kilometers south of
the community of Ingeniero Jacobacci.
The project is centered on a low sulfidation, epithermal gold and silver system with mineralization outcropping at the surface.
The total measured and indicated mineral resources are estimated at 9.84 million tonnes at an average grade 2.11 g/t Au and
19.8 g/t Ag and 8.08 million tonnes of inferred mineral resources grading 1.34 g/t Au and 13.1 g/t Ag as
disclosed in the project’s Technical Report (Table 1).
Table 1. Calcatreu Mineral Resources
Mineral Resource Classification
Tonnes (K)
Average Grades (g/t) Contained Ounces (K)
Au Ag Au Ag
Indicated 9,841.0 2.11 19.8 669.0 6,275.0
Inferred 8,078.0 1.34 13.1 215.0 5,467.0
Please see https://www.patagoniagold.com or www.sedarplus.ca for additional technical information.
https://patagoniagold.com/investors/photo-gallery/
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the project and the mineral resources referred to in this news release are available in the technical report prepared in accordance with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province, Argentina,” dated effective December 31, 2018 (the “ Technical Report ”), which is available under the Company’s profile on SEDAR+
at www.sedarplus.ca .
Patagonia Gold Corp: https://patagoniagold.com
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 430 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175177562
NYBob
7 months ago
Patagonia Gold Corp. HGLD / PGDC Receives Full and Final Permit to Advance with the Construction and Development of Calcatreu
Calcatreu Gold and Silver Project: high-grade, near-surface
resource within a massive potential epithermal vein system
? M&I: 746K oz AuEq at 2.36g/t AuEq
? Inf.:390K oz AuEq at 1.50g/t AuEq
- Identified11 significant veinsystems
? Baseline Study in progress
Calcatreu Project HGLD / TSXV:PGDC -
• 41,800 ha property (100% interest) located ~80 km southwest
of the town of Jacobacci in south central Rio Negro Province
? Easily accessible through highway with access to key regional
infrastructure (rail, power and skilled labour)
• Lies on the Somuncura Massif along the Gastre Fault System,
a highly prospective NW-SE-oriented belt hosting many
precious metal deposits across Chubut and Rio Negro
? Company has recently acquired over 100,000 ha along this belt
• High-grade, low sulphidation, epithermal gold-silver system
? Gold-silver mineralization outcrops from surface and is contained in
quartz and calcite veins and stockwork between 1 m to 5 m in width
• At least 11 significant vein systems across the property
? Vein 49, Nelson and Belen zones contained within a 2.5 km by 500
m area. Castro Sur contained within an area of 1.7 km by 100 m
? Most advanced is the Vein 49/Nelson system, which has been
delineated over a 2.5 km strike with widths of up to 20 m
? Mineralization extends to depth of at least 370 m
• Identified new epithermal veins less than 0.5 km from
Calcatreu's current mineral resources
• Advancing towards feasibility study in 2022/2023.
https://patagoniagold.com/investors/photo-gallery/#group-1
https://patagoniagold.com/investors/photo-gallery/#group-3
https://patagoniagold.com/investors/photo-gallery/
VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) --
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce the granting of the full
and final permit to advance with the construction, mining development and production
at its Calcatreu gold and silver project, in the Rio Negro province, Argentina.
On November 6, 2024, the Company was formally notified by the Rio Negro provincial authorities that the final resolution
to proceed with the construction, development and production of the Calcatreu project had been issued.
The Company is completing studies with the aim of developing a heap leach operation to produce gold and silver doré
at the Calcatreu project. The Company has ample experience with heap leach operations,
having put two heap leach operations into production over the last decade.
Calcatreu is located in the southern portion of the Rio Negro Province, 85 kilometers south of
the community of Ingeniero Jacobacci.
The project is centered on a low sulfidation, epithermal gold and silver system with mineralization outcropping at the surface.
The total measured and indicated mineral resources are estimated at 9.84 million tonnes at an average grade 2.11 g/t Au and
19.8 g/t Ag and 8.08 million tonnes of inferred mineral resources grading 1.34 g/t Au and 13.1 g/t Ag as
disclosed in the project’s Technical Report (Table 1).
Table 1. Calcatreu Mineral Resources
Mineral Resource Classification
Tonnes (K)
Average Grades (g/t) Contained Ounces (K)
Au Ag Au Ag
Indicated 9,841.0 2.11 19.8 669.0 6,275.0
Inferred 8,078.0 1.34 13.1 215.0 5,467.0
https://patagoniagold.com/wp-content/uploads/2022/10/Patagonia-Gold-Corporate-Presentation-Q4-2022-.pdf
Please see https://www.patagoniagold.com or www.sedarplus.ca for additional technical information.
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person
as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the project and the mineral resources referred to in this news release are available in the technical report
prepared in accordance with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate,
Calcatreu Gold-Silver Project, Rio Negro Province, Argentina,” dated effective December 31, 2018 (the “ Technical Report ”),
which is available under the Company’s profile on SEDAR+
at www.sedarplus.ca .
Patagonia Gold Corp: https://patagoniagold.com
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company HGLD also listed on the TSX Venture Exchange.
The Company seeks to grow shareholder value through exploration and development of gold and silver projects
in the Patagonia region of Argentina.
The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project.
Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 430 properties
in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com
NYBob
7 months ago
Patagonia Gold Receives Full and Final Permit to Advance with the Construction and Development of Calcatreu
VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) --
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce the granting of the full
and final permit to advance with the construction, mining development and production
at its Calcatreu gold and silver project, in the Rio Negro province, Argentina.
On November 6, 2024, the Company was formally notified by the Rio Negro provincial authorities that the final resolution
to proceed with the construction, development and production of the Calcatreu project had been issued.
The Company is completing studies with the aim of developing a heap leach operation to produce gold and silver doré
at the Calcatreu project. The Company has ample experience with heap leach operations,
having put two heap leach operations into production over the last decade.
Calcatreu is located in the southern portion of the Rio Negro Province, 85 kilometers south of
the community of Ingeniero Jacobacci.
The project is centered on a low sulfidation, epithermal gold and silver system with mineralization outcropping at the surface.
The total measured and indicated mineral resources are estimated at 9.84 million tonnes at an average grade 2.11 g/t Au and
19.8 g/t Ag and 8.08 million tonnes of inferred mineral resources grading 1.34 g/t Au and 13.1 g/t Ag as
disclosed in the project’s Technical Report (Table 1).
Table 1. Calcatreu Mineral Resources
Mineral Resource Classification
Tonnes (K)
Average Grades (g/t) Contained Ounces (K)
Au Ag Au Ag
Indicated 9,841.0 2.11 19.8 669.0 6,275.0
Inferred 8,078.0 1.34 13.1 215.0 5,467.0
Please see https://www.patagoniagold.com or www.sedarplus.ca for additional technical information.
Qualified Person’s Statement
Donald J. Birak, an independent consulting geologist, Registered Member of SME, Fellow of AusIMM, and qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.
Additional information about the project and the mineral resources referred to in this news release are available in the technical report prepared in accordance with National Instrument 43-101, entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Calcatreu Gold-Silver Project, Rio Negro Province, Argentina,” dated effective December 31, 2018 (the “ Technical Report ”), which is available under the Company’s profile on SEDAR+
at www.sedarplus.ca .
Patagonia Gold Corp: https://patagoniagold.com
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded, mining company listed on the TSX Venture Exchange. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 430 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp.
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com