Patagonia Gold Reports Final Drilling Results From the Monte Leon Target, Santa Cruz, Argentina - Seite 2

Current Activities

In 2023, Company geologists continued with surface mapping and modeled all the data, including its own IP/Res survey data, and believe MLN mineralization is contained within a diatreme setting that occurs at the SE end of larger NW-SE structural corridor extending from the Capo mine. Composited Au and Ag analyses from the new core samples are shown in Table 1.

Figure 1. Location of MLN and Capo in the El Tranquilo concession black.
(New drill holes are noted in yellow font)

Table 1. Analytical Results (composited) from Latest MLN Core Drilling

Notes to Table 1:

1. “Incl.” means including, “NSR” means no significant results.
2. Samples were collected from HQ-diameter core.        
3. Core recoveries were high (+ 80%) for all reported intervals with the exception of hole MLN-880 with 20% recovery in the mineralized interval and hole MLN-882 with 69.5% recovery in the mineralized interval at starting at 45 meters down-hole.                 
4. Mineralized intervals are down-hole lengths. True widths are not yet known.        
5. A 0.5 g/t Au minimum grade was used in compositing and no more than 1 consecutive grades less than 0.5 g/t Au were used in compositing.                
6. Grades were not capped.
7. All analyses were performed by Alex Stewart International, a certified, independent analytical services provider, in their Mendoza, Argentina facilities using fire assaying for Au and four-acid digestion, ICP-MS for Ag.
8. No assays are pending.
9. For QA/QC purposes, a total of 203 blanks, 471 Certified Reference Material standards were inserted into the primary, drill sample stream by Company personnel at a ratio of one QA/QC sample to 9 primary samples. All QA/QC results were within acceptable limits.
10. There has been insufficient exploration to define a mineral resource at this time and it is uncertain if further exploration will result in the target being delineated as a mineral resource.                                        

Figure 2. MLN Geologic and Mineralization Cross Section Looking Northeast