Patagonia Gold have exercised their option to acquire 100% interest in the Mine Angela property. Latin metals retains a 1.25% net smelter returns royalty.
Chubut, southern Argentina
40km from town of Gastre, gravel road access
Low sulphidation epithermal gold mineralization
1997 to 1998 - discovery of new gold vein system. Drilling, geophysics, soil geochemistry (Lonrho Mining)
1978 to 1992 – underground mining (Cerro Castillo SA). Government records indicate between 1983 and 1992, mine production was 1.04 million tonnes with average grades of 4.0 g/t gold, 48.4 g/t silver, 2.0% lead, 0.4% copper, and 4.6% zinc