tug will be gold in them hills

New article, click HERE

Is this one worth a tickle, chart looks good with a good drilling report. must be worth having a little flutter.??

Looks like things are happening at Patagonia,COSE Project:

The COSE project is an advanced exploration target associated with the larger Cap-Oeste gold-silver deposit located 2 kilometres to the North West. COSE was discovered by Patagonia Gold's exploration team in late 2008 using geophysics, surface exploration and scout drilling.



A drill campaign, consisting of 43 drill holes for 10,270 metres, was completed in the 2009/10 summer. Subsequently, a review and conceptual model of the COSE project defined 700,000 to 800,000 tonnes of mineralised material containing between sixty and seventy thousand ounces of gold and two to three million ounces of silver.



The review indicated the need for more work to better define the geological controls on the high grade mineralisation as well as the need to decrease the spacing of the drill holes to advance the conceptual model to a Canadian National Instrument 43-101 (NI-43-101) compliant resource.



Accordingly, a seven thousand metre extension and infill drill program is in progress. To date 10 drill holes (CSE-44-D to CSE-53-D) for 2,645metres have been completed. Assays are outstanding for 6 drill holes.



The central mineralised breccia zone of COSE containing the exceptionally high grade gold and silver, has to date been delineated within an area 75 metres down dip by 25 metres along strike with a true width of 3.5 to 4.5 metres. The mineralisation remains open in all directions.



The primary objective of the current drill program is to test the potential for extension of the breccia hosted mineralisation and to increase the overall level of confidence in the existing model and grade continuity for the entirety of the known mineralised breccia-fault zone.



PGSA has contracted Independent Mining Engineers, NCL Ingenieria Y Construccion SA, Chile, to complete a preliminary cost analysis to evaluate the potential CAPEX and OPEX costs involved in the development of a decline access and an underground mine, using sub-level stoping, for the extraction of the known mineralisation at COSE.



NCL will provide a detailed preliminary mine design in conjunction with a timeline and financial model outlining expected costs for the development of the COSE project. NCL commenced work on the 20th October with a final report expected in 5 weeks. NCL will be retained to make any updates and final adjustments which could arise due to changes in the existing mineralised envelope as a result of the current drill campaign.

The only place this is going is up up up.

Looking very very good today up nearly 30%, excellent ,look's like christmas has come early for me.
ULB

Up another 18% with no news, keep on rising..

we got these for 1.5p from brancote deal not bad is it not . hpd then pgd .

i bought brancote at 40p sold them at 200p plus long time ago but the mangement have done us proud

This chart is beginning to look awesome

Once again a very good couple of days, news must be round the corner.

Seems we are back on track!!! up 10% today

Technicaly rather difficult to call this one. Either look for a retrace of high and trend channel top to base of channel or SP could do turn abouts and smash throught the ceiling roof. Certainly lower indicators show it still has plenty to give on the upside.

Recent article on PGD....

From GCI:-

Spotlight falls on Patagonia Gold.

10/08/2011 Robert Tyerman

Recent buying by Goldman Sachs and others has focused market attention on PATAGONIA GOLD , the AIM-quoted mining hopeful with interests in Argentina. Steered by Richard Prickett and Bill Humphries (the duo that built up the Brancote mining group before selling it for 220 million after hiving off Patagonia), the company boasts potential resources of one million oz of gold, which bulls hope further drilling could convert into two million oz in the first half of next year.

Another director, influential local businessman Carlos Miguens, holds a key stake in London-based Patagonia, which has been working to upgrade its gold resource at Lomada in Argentinas Santa Cruz province. The company recently intercepted gold- and silver-bearing zones with gold grades ranging from 0.54 to 21.21 grammes of gold per tonne of ore near the surface at another prospect, Monte Leon, which it has suggested could be suitable for bulk mining.

Patagonia Gold, which ended last year with 6.8 million cash after losing 7.3 million, raised 5.25 million at 42p in May to finance an accelerated drilling programme at its flagship Cap-Oeste gold and silver project, also in Santa Cruz, holding an estimated 656,000 oz of gold. That followed a 19 million fundraising the month before for Cap-Oeste and the companys high-grade COSE project.

Floated at 14p eight years ago, Patagonia shares have been slow burners, even though the presence of Miguens could be said to mitigate any Argentine political risk. They have traded between 16.25p and 68p over the past year and now change hands at 55.25p, valuing the company at 404 million.

Fans of Prickett and Humphries, whose other AIM vehicle, Canada-focused nickel play LANDORE RESOURCES trades at 10.5p, believe there could be more action, especially while financial crises keep gold in vogue.

have a lot of these from the brancote days .then hpd .we got them for 1.5p not bad hey . i wonder how the gold company that bought us out in brancote got on with the mine

Lovely update this morning.

Another precious metals focused miner Patagonia Gold has now completed the 2010/11 infill and extension drilling campaign on the Cap-Oeste gold and silver deposit in Argentina.

The company called the results extremely encouraging with bonanza gold and high silver grades intersected in a newly discovered zone, including 8.91 metres at 70.79 grams per tonne (g/t) gold and 518 g/t silver in drill-hole CO-285.

Drilling is continuing on the Cap-Oeste deposit, which remains open along strike in both directions and down plunge.


http://www.proactiveinvestors.co.uk/companies/news/32862/company-snapshot-tullow-oil-aminex-solo-oil-patagonia-gold-home-retail-group-morrison-supermarkets-32862.html

http://www.stockopedia.co.uk/content/fox-davies-capital-update-featuring-patagonia-gold-stratex-aminex-circle-oil-nighthawk-energy-59887/

Well done those in - Tanker, any chance of a chart in the header.



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Well the last concensus figures are going to be blown apart after this upgrade this morning...

Patagonia Gold ForecastsYear Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-11 13.86 3.20 0.44p 147.7 n/a n/a n/a 0.0%
31-Dec-12 35.18 19.05 2.63p 24.7 0.0 +498% n/a 0.0%

So were looking at a massive increase in EPS for 2012 already at 498% and a falling of the prospective P/E.

Looks a steal at this price.

skinny have no computer skills to old to take any more in .
this company would of been even better if they had not lost the playing fields back in the early days . we wil sell the mine for cert . 200p plus