Introduction to Patagonia Gold Corp.
Patagonia Gold Corp., a South America-focused mining company, has provided an update on the construction of its flagship project, Calcatreu, located in the Rio Negro Province of Argentina. The company is listed on the TSX Venture Exchange and seeks to grow shareholder value through the exploration and development of gold and silver projects in the Patagonia region.
Calcatreu Project Update
The Calcatreu project is centered on a low sulfidation, epithermal gold and silver system with mineralization outcropping at the surface. Construction of the project commenced in Q1 2025, following the receipt of all necessary permits in Q4 2024. Mining activities began in August 2025, with the removal of topsoil and the first blast taking place in September 2025. The company expects to commence leaching in Q1 2026.
Mineral Resource Estimates
The total measured and indicated mineral resources at the Calcatreu project are estimated to be 9.84 million tonnes at an average grade of 2.11 g/t Au and 19.8 g/t Ag, yielding 669 thousand ounces of gold and 6.3 million ounces of silver. The company has engaged NCL Ingeniera y Construccion to update the project’s mineral resource and mineral reserve estimates in a new technical report, which is expected to be released in Q2 2026.
Infrastructure Development
The company has made significant progress in developing the infrastructure for the Calcatreu project. The explosives storage magazine was completed in August 2025, with a capacity to store 75 tonnes of explosives. The first section of the leach pad has been completed, and electric leak location tests are scheduled to take place in January 2026. The chemical storage facility, with a capacity to hold 120 tonnes of product, was completed in December 2025.
Carbon in Column Section and Downstream Components
The carbon in column section of the plant is nearing completion and is expected to be finished in January 2026. The company will temporarily transport loaded carbon to its facilities in Santa Cruz on a tolling basis, with the doré being transported to the refinery. The downstream components of the plant are expected to be operational approximately six months after commencing operations.
Community Engagement and Recruitment
Patagonia Gold Corp. has been working closely with the neighboring communities and local authorities, keeping them informed about the project’s development. The company has recruited 135 employees, with the majority coming from the neighboring town of Ingeniero Jacobacci or within the Rio Negro Province. A limited number of specialized positions are being filled by personnel from other provinces, where prior precious metals operating experience is available.
Forward-Looking Statements
The company’s news release contains forward-looking statements, including plans for the advancement and commencement of leaching, mineral resource and mineral reserve estimates, and the development of gold and silver projects in the Patagonia region. These statements are based on current beliefs and are subject to significant risks, uncertainties, and assumptions.
Smart Tip for Readers
When evaluating the progress of mining projects like Calcatreu, it’s essential to consider the company’s experience, expertise, and track record in the industry, as well as the potential risks and uncertainties associated with mineral exploration and development. For more information on Patagonia Gold Corp. and the Calcatreu project, visit Here
