Saturday, May 31, 2025

Latest

Patagonia Gold Acquires Two Argentinian Properties From Mirasol Resources

Mirasol Resources (TSXV: MRZ) has sold off certain of its Argentinian properties to that of Patagonia Gold (TSXV: PGDC). The arrangements will see two separate projects acquired by Patagonia in exchange for certain royalties and exploration and development commitments.

The first project to be acquired, the Homenaje project, will see a 75%/25% joint venture entered into between Patagonia and Mirasol, provided earn-ins are completed. The arrangement requires that Patagonia define a resource estimate of no less than 300,000 ounces of gold equivalent over a six year period, via at least $2.55 million in exploration expenditures over a set schedule. The property consists of 10,056 hectares, just 3 kilometres south of the Cap Oeste mine operated by Patagonia.

The second project, known as the Nico Project, is being sold in exchange for a 1.5% net smelter royalty. If production on the property does not begin within three years the company has the right to regain full ownership at no cost. The Nico project is located 45 kilometres north of the Mina Martha mine operated by Patagonia. The property is to be assessed for potential near-grade mineralization for processing at the firms Martha mill.

Patagonia Gold last traded at $0.095 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

China’s Demand for Gold Remains Stagnant in First Half of 2020, Rebound Anticipated by End of Year

Despite gold prices reaching record levels amid the coronavirus pandemic, the demand for the precious...

Saturday, July 11, 2020, 03:30:00 PM

Great Bear Reports Further LP Fault Results, Extends Closing Of $69.9 Million Offering

Great Bear Resources (TSXV: GBR) keeps chugging along with its exploration program at the Dixie...

Tuesday, February 16, 2021, 08:13:13 AM

Aztec Minerals Acquires Whole Ownership Of Cervantes Copper-Gold Project

The joint-venture arrangement at Aztec Minerals’ (TSXV: AZT) Cervantes project in Mexico is no more....

Tuesday, July 26, 2022, 08:26:56 AM

Xander Resources Announces Exploration Well Underway At Senneville Properties

Exploration is well underway at Xander Resources (TSXV: XND) Val-d’Or property, referred to as the...

Wednesday, September 2, 2020, 09:27:27 AM

Marathon Gold Submits Environmental Impact Statement For Valentine Gold Project

Marathon Gold Corp (TSX: MOZ) has formally filed its environmental impact statement for the proposed...

Wednesday, September 30, 2020, 08:32:35 AM