Appointment of New Chief Operating Officer
December 13 2019 - 11:23AM
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is
pleased to announce the appointment of Mr. Jorge Sanguin as Chief
Operating Officer (“COO”) of the Company, effective January 1,
2020. Mr. Sanguin will succeed Mr. Leon Hardy, who was
appointed COO on July 22, 2019.
On August 14, 2019, Mr. Sanguin was appointed
Operations Director of the Company and it was anticipated that Leon
Hardy would step down in his role as COO to join the Board of
Directors. The Company’s intention is to nominate Mr. Leon Hardy to
the Board of Directors at the upcoming Annual General Meeting
scheduled to be held in February 2020.
Prior to joining the Company as Operations
Director, Mr. Sanguin held senior key positions in a number of
mining operations in Argentina, including until February 2019
General Manager of Cerro Moro (Yamana Gold Inc., YRI:TSX), Mining
Manager at Manantial Espejo (Pan American Silver Corporation,
PAAS:TSX) and previously President and General Manager of Cerro
Vanguardia (AngloGold Ashanti Limited, AU:NYSE).
The Company believes Mr. Sanguin’s extensive
experience will be of considerable benefit in advancing the
proposed development of the Company’s underground project at
Cap-Oeste. In addition, Mr. Sanguin will oversee the
preparation of the Calcatreu feasibility study, which is expected
to commence shortly.
About Patagonia Gold
Patagonia Gold Corp. is a mining and development
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 350 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 StuartT: 403 617 7609E:
dean@boardmarker.net
Christopher van Tienhoven, Chief Executive
OfficerPatagonia Gold CorpT: +54 11 5278 6950E:
cvantienhoven@patagoniagold.com
FORWARD-LOOKING STATEMENTS
This news release contains certain
forward-looking statements, including, but not limited to,
statements about the Company’s focus on growing shareholder value
and the development of the Cap Oeste underground project,
advancement of the Calcatreu project, preparation of the Calcatreu
feasibility study and the Company’s future plans and intentions.
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 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 release.
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