Wednesday, 27th April 2005 (3275 views)

Patagonia Gold has announced it has increased drill targets on its properties in Chile, Argentina and New Zealand.

In addition, the miner has also made a number of new discoveries.

Among the new discoveries were returned values of up to 5.1 g/t gold at the company's site in Gastre in Argentina.

In addition at Cerro Colorada sampling uncovered results of 28.1 g/t gold and 3.7g/t gold at the Cerro El Morro site.

New veins have also been discovered at Crespo, where mineralisation results have suggested that the area is a gold rich district of high potential.

Patagonia Gold is a South African mining firm that aims to build a portfolio of highly prospective properties that have the potential to host multi million ounce resources and maximise shareholders' returns.

 

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