PATAGONIA GOLD ANNOUNCES UPDATE ON MINING DEVELOPMENTS IN PROVINCE OF CHUBUT, ARGENTINA
December 21 2021 - 3:32PM
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC)
announces the recent amendments to the provincial mining law in the
Province of Chubut, Argentina regarding mining zoning (see the
Company’s press release on December 17, 2021) have been repealed.
On December 20, 2021, the Chubut Governor, Mariano Arcioni, sent a
bill to the legislature of the Province of Chubut to retract the
recent amendments as a result of the violent demonstrations that
occurred soon after such law was enacted. This bill, which revoked
the amendments regarding mining zoning, was passed by the
legislature of the Province of Chubut on December 21, 2021.
About Patagonia Gold
Patagonia Gold Corp. is a South America focused,
publicly traded mining company listed on the TSX Venture Exchange.
The Company seeks to grow shareholder value through exploration and
development of gold and silver projects in the Patagonia region of
Argentina. The Company is primarily focused on the Calcatreu
Project in Rio Negro and the development of the Cap-Oeste
underground project. Patagonia, indirectly through its subsidiaries
or under option agreements, has mineral rights to over 420
properties in several provinces of Argentina and Chile and is one
of the largest landholders in the province of Santa Cruz,
Argentina.
For more information, please
contact:Dean StuartT: 403 617 7609E:
dean@boardmarker.net
Christopher van Tienhoven, Chief Executive
OfficerPatagonia Gold CorpT: +54 11 5278 6950E:
cvantienhoven@patagoniagold.com
FORWARD-LOOKING STATEMENTS
This news release contains certain
forward-looking statements, including, but not limited to,
statements with respect to, the Company’s exploration and
development of gold and silver projects in the Patagonia region of
Argentina, the anticipated growth in shareholder value and the
Company’s primary focus. Wherever possible, words such as “may”,
“will”, “should”, “could”, “expect”, “plan”, “intend”,
“anticipate”, “believe”, “estimate”, “predict” or “potential” or
the negative or other variations of these words, or similar words
or phrases, have been used to identify these forward-looking
statements. These statements reflect management’s current beliefs
and are based on information currently available to management as
at the date hereof.
Forward-looking statements involve significant
risk, uncertainties and assumptions. Many factors could cause
actual results, performance or achievements to differ materially
from the results discussed or implied in the forward-looking
statements. These factors should be considered carefully, and
readers should not place undue reliance on the forward-looking
statements. Although the forward-looking statements contained in
this news release are based upon what management believes to be
reasonable assumptions, the Company cannot assure readers that
actual results will be consistent with these forward-looking
statements. These forward-looking statements are made as of the
date of this news release, and the Company assumes no obligation to
update or revise them to reflect new events or circumstances,
except as required by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
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