Patagonia Gold High Grade Main shoot At Cap-Oeste Continues

LONDON (Dow Jones)--Patagonia Gold PLC (PGD.LN), said Wednesday that it has had high grade Main shoot at Cap-Oeste continues at depth with drill-hole CO-162-D intersecting 7.70 meters at 26.07 grams per tonne gold and 1,322 grams per tonne silver from 353.3 meters. MAIN FACTS: -Drilling on the COSE shoot continues to report very high grade gold and silver with drill hole CSE 033-D intersecting 5 meters at 17.63 grams per tonne or g/t gold and 335 g/t silver from 269.5 meters. -Both the Main shoot and COSE remain open at depth. -Drilling along strike between the Main shoot and COSE has identified another potential shoot now called the Cap-Oeste extension. -Planning for next season's drilling campaign, scheduled to commence in September 2010, will target the potential Cap-Oeste style shoots, identified so far by the exploration teams along the highly prospective Bonanza fault, including: La Pampa; three shoots in the Cap-Oeste resource area; Cap-Oeste extension and south east of COSE. Shares closed Tuesday at 15.25 pence. -By Razak Musah Baba, Dow Jones Newswires; +44-20-7842-9275; razak.baba@dowjones.com (END) Dow Jones Newswires June 16, 2010 02:22 ET (06:22 GMT)