Patagonia Gold PLC Calcatreu Option Extension (2860T)
11 October 2017 - 5:24PM
UK Regulatory
TIDMPGD
RNS Number : 2860T
Patagonia Gold PLC
11 October 2017
11 October 2017
Patagonia Gold Plc
("Patagonia Gold" or the "Company")
Calcatreu Option Extension
Patagonia Gold Plc, the mining company with gold and silver
projects in the southern Patagonia region of Argentina, Chile and
Uruguay, announces that it has agreed a 45 day extension on the
Calcatreu Option Agreement.
On 24 April 2017 Patagonia Gold signed an Option Agreement with
Pan American Silver over the Calcatreu project in the Province of
Rio Negro. The option agreement originally was due to expire on 24
October 2017 but both parties have agreed to extend the agreement
for a further 45 days and it now expires on 8 December 2017.
Patagonia Gold continues to evaluate the project and expects to
take a decision on whether to exercise the option on or before the
option expiration date.
Ends
About Patagonia Gold
Patagonia Gold Plc is a mining company that seeks to grow
shareholder value through exploration, development and production
of gold and silver projects in the southern Patagonia region of
Argentina. The Company is primarily focused on three projects: the
flagship Cap-Oeste project, the La Manchuria project and the Lomada
heap leach project. Patagonia Gold, indirectly through its
subsidiaries or under option agreements, has mineral rights to over
220 properties in several provinces of Argentina, Chile and Uruguay
and is one of the largest landholders in the province of Santa
Cruz.
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Plc
Tel: +54 11 5278 6950
Angela Hallett
Strand Hanson Limited (Nominated Adviser and Broker)
Tel: +44 (0)20 7409 3494
This announcement contains inside information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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October 11, 2017 02:24 ET (06:24 GMT)
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