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Patagonia Gold gets uplift to Cap-Oeste estimate

Mon, 10th Sep 2012 10:53

Patagonia Gold has announced a 24 per cent increase in the indicated resource at its Cap-Oeste Gold-Silver project in the Santa Cruz province of Argentina.The total "gold equivalent" ounces within the indicated category, is now at 1.197m ounces, an increase of 230,000 ounces.The grade estimate has also been increased by 30% to 4.78 grams per tonne.Patagonia's Chief Executive Bill Humphries said the firm would "commence pre-feasibility studies in order to advance the project towards production, potentially for 2015."The stock had gained 0.9% by 11:30 but is still down 32% in 2012.

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Patagonia Gold tanks after study shows it needs to find more oxide ore for its Cap-Oeste site

Shares in mining group Patagonia Gold tanked on Thursday after the company said a new study revealed it will need to find more oxide ore to ensure its Cap-Oeste project in Argentina is viable at the current gold price. The London-listed miner said that a recent pre-feasibility survey had shown that

19 Mar 2015 08:16