Patagonia Gold receives Two Definitive Environmental Permits for Development of Gold and Silver Projects in Argentina
March 09 2021 - 8:31AM
Patagonia Gold Corp. (“Patagonia” or the “Company”) (PGDC.TSXV)
announces it has received definitive environmental permits
(“Permits”) for both the development of its flagship Cap-Oeste
Gold/Silver Project and the restart of its Lomada de Leiva
(“Lomada”) Gold Project. These Permits allow for the development
and operation of mining operations in the mining friendly Santa
Cruz Province in Argentina.
Patagonia had previously disclosed receipt of
the preliminary environmental permit for mining and leaching
operations at Lomada on October 8, 2020, and receipt of the
provisional permit to proceed with the development of the Cap-Oeste
Gold/Silver Project on November 23, 2020.
Christopher Van Tienhoven, Chief Executive
Officer stated: “The receipt of these Permits is a testament to our
commitment to become an intermediate gold and silver producer in a
sustainable and environmentally friendly manner. We look forward to
increased exploration and development and advancing these and other
production opportunities.”
About Patagonia Gold
Patagonia Gold Corp. is a mining and development
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 365 properties in several
provinces of Argentina and Chile and is one of the largest
landholders in the Province of Santa Cruz, Argentina.
For more information, please contact:
Dean StuartT: 403 617 7609E: dean@boardmarker.net
Christopher van Tienhoven, Chief Executive OfficerPatagonia Gold
Corp.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 timing for closing of the Offering,
the receipt of regulatory approvals, the use of proceeds from the
Offering, the listing of the Common Shares on the TSX Venture
Exchange and the Company’s future plans and intentions. 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. 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. The Company assumes no obligation to update or revise
them to reflect new events or circumstances, except as required by
law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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