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Patagonia Gold to buy Calcatreu deposit

Patagonia Gold (LN:PGD) has agreed to buy the Calcatreu gold-silver deposit in Rio Negro, Argentina, for US$15 million from Pan American Silver (CN:PAAS).

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Worth exploring: Calcatreu is a high-grade, low sulphidation gold system

Patagonia will make an initial payment of $5 million upon closing, expected before the end of January, with the remaining $10 million due on May 18.

Calcatreu is a high-grade (2.3g/t gol...