Update ON Santa CRUZ Properties
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UPDATE ON SANTA CRUZ PROPERTIES
August 27, 2019 Vancouver, BC. Patagonia Gold Corp. ( formerly Hunt Mining Corp.)
(“Patagonia” or the “Company”) (TSXV: PGDC) is pleas ed to provide an update on its
property position in the Province of Santa Cruz, Argentina.
As a result of the reverse takeover (RTO) between P atagonia Gold plc and Hunt Mining
Corp. (“Hunt”), the resulting entity now holds approximately 550,000 hectares of highly
prospective exploration properties in the Province of Santa Cruz, Argentina.
Prior to the RTO, Patagonia Gold plc had a signific ant portfolio of properties in the
prospective Deseado Massif in Santa Cruz. This port folio was complemented by the
properties held by Hunt to the north of its Marth M ine (La Josefina, La Valenciana and
Bajo Pobre). The total area of these properties is approximately 85,700 hectares.
The Company also recently staked the Tornado and Hur acan properties (the Tornado
Project), which are strategically located between M inera Santa Cruz (which is a joint
venture between Hochschild Mining plc and McEwen Mi ning Inc.) and Cerro Negro
(owned by Newmont Goldcorp Corporation). The Tornado Project is approximately 8,000
hectares. Additional details on the Tornado Project can be viewed on the Company
website at:
http://patagoniagold.com/exploration/tornado/
While the Company is focussing on the development o f the Cap Oeste underground
project, with the potential for processing at the M ina Martha plant, and advancing the
Calcatreu project in Rio Negro, the Company is also considering potential farm in or joint
venture opportunities on some of its projects in Santa Cruz.
Qualified Person’s Statement
The scientific and technical information herein was reviewed and approved by Dr. Walter
Soechting, PGeo. Dr. Soechting is a Qualified Perso n as defined by National Instrument
43-101.
About Patagonia Gold
Patagonia Gold Corp. is a mining and development com pany listed on the TSX Venture
Exchange. The Company seeks to grow shareholder val ue through exploration and
development of gold and silver projects in the Pata gonia 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, i ndirectly through its subsidiaries or
under option agreements, has mineral rights to over 350 properties in several provinces
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of Argentina, Chile and Uruguay and is one of the l argest 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 about the Company’s focus and the de velopment of the Cap Oeste
underground project and processing at the Mina Mart ha plant, advancement of the
Calcatreu project and the Company’s future plans and intentions, including potential farm
in or joint venture projects on some of its projects in Santa Cruz. 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 statements reflect management’s c urrent 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-loo king statements. These factors should
be considered carefully and readers should not plac e undue reliance on the forward-
looking statements. Although the forward-looking st atements 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 statemen ts 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 release.