The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Wednesday, 13th May 2009 (4612 views)

Patagonia Gold has stated that drilling on its Cap-Oeste project in Argentina continues to intersect high grade gold.

The company has been carrying out exploration activities on the main shoot of the Bonanza fault deposit and highlights of the latest programme include holes grading 11.8m at 15.21 g/t gold and 33m at 5.77 g/t gold.

Patagonia Gold reported that the main shoot "remains robust at depth with the latest drilling intersecting wide zones of gold", adding that results are pending for a further eight drill holes.

Located in the Santa Cruz province of Argentina, the Cap-Oeste project is part of the El Tranquilo property block, which covers more than 40 sq km and also contains the Breccia Valentina and Vetas Norte prospects.

A couple of drilling campaigns have been conducted at Cap-Oeste, the first of which was completed in May 2008 and established a compliant resource of 304,099 ounces of gold.

Based in London, Patagonia Gold is a mining explorer with over 7,000 sq km of permits in Argentina and Chile.

 

« Back to Gold News stories