Patagonia GOLD Announces Update ON Mining Developments IN Province of Chubut, Argentina
PATAGONIA GOLD ANNOUNCES
UPDATE ON MINING DEVELOPMENTS IN PROVINCE OF CHUBUT, ARGENTINA
December 21, 2021 Vancouver, BC. Patagonia Gold Corp. (“Patagonia” or the “Company”)
(TSXV: PGDC) announces the recent amendments to the provincial mining law in the
Province of Chubut, Argentina regarding mining zoning (see the Company’s press release
on December 17, 2021) have been repealed. On December 20, 2021, the Chubut
Governor, Mariano Arcioni, sent a bill to the legislature of the Province of Chubut to
retract the recent amendments as a result of the violent demonstrations that occurred
soon after such law was enacted. This bill, which revoked the amendments regarding
mining zoning, was passed by the legislature of the Province of Chubut on December 21,
2021.
About Patagonia Gold
Patagonia Gold Corp. is a South America focused, publicly traded mining company listed
on the TSX Venture Exchange. The Company seeks to grow shareholder value through
exploration and development of gold and silver projects in the Patagonia region of
Argentina. The Company is primarily focused on the Calcatreu Project in Rio Negro and
the development of the Cap-Oeste underground project. Patagonia, indirectly through
its subsidiaries or under option agreements, has mineral rights to over 420 properties in
several provinces of Argentina and Chile and is one of the largest landholders in the
province of Santa Cruz, Argentina.
For more information, please contact:
Dean Stuart
T: 403 617 7609
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
T: +54 11 5278 6950
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited
to, statements with respect to, the Company’s exploration and development of gold and
silver projects in the Patagonia region of Argentina, the anticipated growth in shareholder
value and the Company’s primary focus. Wherever possible, words such as “may”, “will”,
“should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”,
“predict” or “potential” or the negative or other variations of these words, or similar words
or phrases, have been used to identify these forward-looking statements. These
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statements reflect management’s current beliefs and are based on information currently
available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many
factors could cause actual results, performance or achievements to differ materially from
the results discussed or implied in the forward-looking statements. These factors should
be considered carefully, and readers should not place undue reliance on the forward-
looking statements. Although the forward-looking statements contained in this news
release are based upon what management believes to be reasonable assumptions, the
Company cannot assure readers that actual results will be consistent with these forward-
looking statements. These forward-looking statements are made as of the date of this
news release, and the Company assumes no obligation to update or revise them to reflect
new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this news release.