Piche Structure Drilling At The Calcatreu Project In Rio Negro Province

VANCOUVER - Patagonia Gold Corp. reported on the Piche structure at its Calcatreu development property in the Rio Negro Province. Calcatreu is located in the Somuncura Massif – a region of southern Argentina known for Jurassic-aged, epithermal mineral deposits.

The Project’s indicated mineral resources stand at 9.8 M tonnes grading 2.11 g/t gold and 19.83 g/t Ag for 669 K and 6.3 M contained ounces of gold and silver, respectively, and inferred mineral resources of 8.1 M tonnes grading 1.34 g/t gold and 13.1 g/t silver for 348 K and 3.4 M contained ounces of gold and silver, respectively. The Project’s mineral resources were estimated with gold and silver prices of US$1,300 Au and US$16 Ag, respectively, and the Company expects to update the Technical Report by the end of 2025 to reflect, among other things, current metal prices, new drill results and other technical and social developments.

In November 2024, the Company announced it had received final permits for construction of the mine and heap leach pad at Calcatreu. As part of the Company’s permitted development activities at Calcatreu, a total of 7 HQ-sized core holes, totaling 300 meters, were drilled on Piche in late 2024 and early 2025 to help identify new, near surface mineralization, and for geotechnical purposes in the area of the planned heap leach site.

Christopher van Tienhoven, CEO, said, “These new drilling results continue to highlight the potential for additional near-surface, epithermal style mineralization in the Company’s large, 630 km2, Calcatreu land package. In addition, we completed over 440 meters of core drilling in the planned heap leach area for geotechnical purposes, of which two holes will be used for water monitoring.”