RSS UpdatesCompany Information for Patagonia Gold
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 AIM; PGD
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Company Statement
Patagonia Gold is an AIM listed mining exploration company with operations in South America, primarily in the Patagonia region of Argentina, focusing on the discovery of gold and silver.
The Company has the rights, title and interests in 194 mining and exploration claims and properties, for approximately 735,157 hectares and has continued to add to its portfolio through a joint venture with the regional state government of Santa Cruz, Argentina.
The Company has reportable gold resources in excess of 990,932 ounces of gold equivalent and is expecting to commence production this year.
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 was formerly Chairman of Lonmin , and Chief Executive Officer Bill Humphries, the co-founder of the successful South American gold explorer, Brancote Holdings. Bill Humphries is also Chairman of the AIM listed mining explorer, Landore Resources Limited.
Current Operations
Santa Cruz
Patagonia Gold holds over 70 properties (expedients) in Santa Cruz, totalling approximately 200,000 hectares. This impressive portfolio of properties is composed of several drill ready targets.
The bulk of the properties were acquired from Barrick exploration on their decision to desist from further exploration in Santa Cruz. Patagonia Gold has already completed one programme of circa 10,000 metres of diamond and reverse circulation drilling on the very prospectives Lomada de Leiva and Breccia Sofia properties, both in the La Paloma block. Recent exploration and verification sampling has been conducted on the El Tranquilo (Cap Oeste and Breccia Valentina) and the La Manchuria properties. All three of these prospects are to be drilled in the near future.
San Juan
San Juan Province in northwest Argentina, comprises a series of north-south elongate mountain ranges that rise in altitude to the west to form the rugged Andean Cordillera (Argentina and Chile). The mountain ranges are separated by sometimes wide valleys.
The western Precordillera comprises strongly folded and faulted Palaeozoic to Cenozoic sedimentary rocks and minor volcanics. No major mineral deposits are known in this area.
In the east two major ranges of Upper Proterozoic-Lower Paleozoic metasedimentary-intrusive basement lithologies are exposed overlain in places by Mesozoic sediments and minor volcanics.
Neuquen
Neuquén Province in northern Patagonia, Argentina, comprises an extensive area of relatively flat-lying terrain (Argentina) bounded in the west by the rugged Andean Cordillera (Argentina and Chile).
Known mineralization in Neuquén province includes porphyry copper-gold (Campana Mahuida), copper skarn (Caicayen), polymetallic vein (Andacollo), and alluvial gold deposits (Rio Neuquén) but there is potential for other styles of mineralization including epithermal and sediment hosted gold.
PGSA does not currently hold any properties in Neuquén Province but is actively assessing the potential of the zone as well as an aggressive policy of appraisal of third party properties for possible JV or acquisition.
Rio Negro
Rio Negro Province in northern Patagonia, Argentina, comprises an extensive area of relatively flat-lying terrain (Argentina) bounded in the west by the rugged Andean Cordillera (Argentina and Chile).
PGSA holds a number of mineral properties, totaling approximately 26,000 hectares, including the Cerro El Morro property drilled during 2006.
Chubut
Chubut Province in southern Patagonia, Argentina, comprises an extensive area of relatively flat-lying terrain (Argentina) bounded in the west by the rugged Andean Cordillera (Argentina and Chile).
PGSA holds a number of mineral properties, totaling approximately 170,000 hectares.
The Province of Chubut imposed an Exclusion Zone in July of 2006 which covers the western section of the Province, within which exploration and mining is effectively banned for the next three years.
The Gastre Project area has been explored by reconnaisance sampling and several prospective targets drill. Currently work is been undertaken to assess the merit of further work and drilling.
Minamalu: Exploration of these areas has been on hold initially due to Meridian's state of "pause" on their Esquel gold project but more recently because of the decision of the Province of Chubut to ban exploration and mining (non alluvial) in the Cordilleran zone for the next 36 months from July of 2006.
Geographical Spread
South America – Patagonia, Argenina (Patagonia Gold S.A.) and Chile, (Patagonia Gold S.C.M.)
Board of Directors and Key Management
| Sir John Craven | (Chairman) |
| Carlos Miguens | (Deputy Chairman) |
| William Humphries | (Managing Director) |
| Richard Prickett | (Non-Executive Director) |
| Marc Sale | (Director of Operations) |
| Gonzalo Tanoira | (Finance Director) |
Company Address15 Upper Grosvenor Street
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Additional Address/Key ContactRegistrar: |
Capital593,552,783 Ordinary Shares of 1p each |
Annual General MeetingJune | Year End31 December |
Nominated BrokersMatrix Corporate Capital LLP | Nominated AdvisorsStrand Partners Limited |
Broker/Analyst Reports
25/02/08 - World Mining Stocks
Major Shareholders
| Miguens/Bemberg family and associates |
| Blackrock Gold and General Fund |
| Barrick Gold Corporation |
Related News
16/12/09 - Patagonia Gold Continues To Hit Impressive Grades On Its Projects In Santa Cruz Province, Argentina25/06/09 - Patagonia Gold Could Be On Track To Repeat The Success Of Brancote Holdings, As It Works Up Its Esquel Project In Argentina
10/03/09 - Patagonia Gold Should Be In Production By The End Of The Year, Helped Nicely Along By Nearly £10 Million In New Money
02/07/08 - Patagonia Gold Shifts Gears On Its Argentinian Gold Properties
Most Recent Statement
04/03/10 - Drilling Report01/12/09 - EXCEPTIONAL DRILLING RESULTS
30/11/09 - Santa Cruz Legislation Update
10/11/09 - Drilling Report
08/10/09 - Updated Resource Estimate
23/06/09 - Drilling Report