Patagonia Gold advances exploration in Argentina

摘要

Patagonia Gold (pgd-l) is all cashed up to develop larger and cheapergoldprojects in Argentina's Santa Cruz province. Earlier this month, the company raised 18.79 million US dollars in a share placement and 13.45 million US dollars in a similar exercise in March. Net proceeds will be used to start work on a trial heap-leach operation at its Lomada de Leiva gold project and for general working capital purposes. Patagonia Gold's exploration program is focused on finding low-sulphidation epithermal gold deposits in Argentine Patagonia. Mineral deposits in Patagonia include AngloGold Ashanti's (au-n) Cerro Vanguardia gold deposit and Meridian's Esquel (Desquite) gold-silver deposit.