Patagonia Gold PLC Operations Update for Cap-Oeste (5223K)
July 10 2017 - 2:00AM
UK Regulatory
TIDMPGD
RNS Number : 5223K
Patagonia Gold PLC
10 July 2017
10 July 2017
Patagonia Gold Plc
("Patagonia Gold" or the "Company")
Operations Update for Cap-Oeste
Patagonia Gold Plc (AIM:PGD), the mining and development company
with gold and silver projects in Argentina, Chile and Uruguay, is
pleased to announce that construction of the agglomeration circuit
at its Cap-Oeste project has now been completed and that the
circuit is currently undergoing final commissioning and
testing.
Commissioning is on schedule, as per the announcement of 5 May
2017, despite delays to the arrival of some key elements including
the agglomeration drum, due to adverse weather conditions in
June.
WESTPRO Canada have overseen the assembly and testing of the
agglomeration drum and the final assembly and testing of the
primary screening circuit is being completed this week. The
existing pad capacity has been expanded to accommodate the newly
agglomerated ore and to make available additional areas to rehandle
and agglomerate the 600,000 tonnes of ore already loaded onto the
existing pad.
The addition of the main crushing unit and tunnel reclaim
conveyor will continue, while screening and agglomeration are
carried out on ROM (Run of Mine) ore. The agglomeration circuit has
a name plate capacity of 500 tonnes per hour and will be operated
on a one shift per day basis. An updated guidance for gold and
silver production for 2017 will be provided after the first month
of full production from the agglomeration circuit has been
achieved.
About Patagonia Gold
Patagonia Gold Plc is a mining company that seeks to grow
shareholder value through exploration, development and production
of gold and silver projects in the southern Patagonia region of
Argentina. The Company is primarily focused on production at
Cap-Oeste and exploration at Sarita, La Manchuria and the earn-in
agreement in Uruguay. Patagonia Gold, indirectly through its
subsidiaries or under option agreements, has mineral rights to over
220 properties in several provinces of Argentina, Chile and
Uruguay.
Shareholders are encouraged to register with our mailing list on
our webpage:
http://www.patagoniagold.com/investors/subscribe-to-news/ to
receive the Company's announcements.
The information contained within this announcement is deemed by
Patagonia Gold to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
For more information, please contact:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Plc
Tel: +54 11 5278 6950
Richard Tulloch / Ritchie Balmer
Strand Hanson Limited (Nominated Adviser and Broker)
Tel: +44 (0)20 7409 3494
This information is provided by RNS
The company news service from the London Stock Exchange
END
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