Patagonia Gold (LON:PGD) has appointed Philip C. Yee as chief financial officer.
Yee is a Canadian chartered accountant and was formerly vice president finance for the Kumtor gold mine in the Kyrgyz Republic, the flagship gold project for Centerra Gold (TSE:CG).
Earlier this week, Patagonia told investors that drilling at the Monte Leon prospect in the Santa Cruz province of Argentina intersected wide near surface zones of potentially bulk mineable gold and silver mineralisation.
The results included intersections of 1.5 metres at 21.21 g/t gold and 321 g/t silver, 29.4 metres at 1.39 g/t gold, 7 metres at 1.44 g/t gold and 1,018 g/t silver, 74 metres at 1.07 g/t gold and 102 g/t silver and 43 metres at 1.04 g/t gold.
Last week, Patagonia reported that its 2010/11 drill programme at Cap-Oeste was now 95 percent complete. Drilling continued to intersect high grade gold and silver – with 13.30 metres grading 8.58 grams per tonne (g/t) gold and 508 g/t silver encountered on the ‘E Shoot’ part of the project.
Cap-Oeste is PGD’s flagship project, it currently has a 762,325 ounce gold resource but the company has been very active with the drill bit lately.
Both Monte Leon and Cap-Oeste are located within the El Tranquilo property block.
