Mining Project
Monte León
General Information
- Investment Company: PATAGONIA GOLD
- Operating Company: Fomicruz S.E
- Source of Capital: Argentina
- Address: Av. Libertador 498 Piso 26 (1001) CABA
- Phone: +54 (0) 11-5278-6950
Project Details
Rio Chico Department - 120 km SE of Bajo Caracoles (Santa Cruz province)
Prospect is located 10 km to SSE of the Cap Oeste Mine over the same mineralized corridor
Gold - Silver
Exploration
Additional Comments
Located 10 km south of Cap Oeste, the Monte Leon prospect shows widespread low grade gold-bearing black silica-Sulfide mineralization hosted in the margins of a dacitic -rhyodacitic dome complex with associated sinter and hot spring deposits. In addition, narrow very high grade chalcedonic silica veins occur. During the first quarter of 2023, a total of 16 diamond holes were drilled in Monte Leon for a total of 2,764.6 meters as part of the agreement settle in 2022 aimed to define new a mineral resource. During the second quarter of 2023, the drilling continued and a total of 18 diamond holes were drilled in Monte Leon prospect, for a total of 2,736.07 meters and 2,655 samples were taken aimed to define new sulfides mineral resource, plus a total of 497.63 line kilometers of ground magnetic were surveyed in Monte Leon Oeste. During the third quarter of 2023, final assays from Monte Leon project were received.