Patagonia Gold has acquired the remaining land surface rights of its main gold and silver project through its wholly-owned subsidiary Minera Minamalu.
The area, which is known as El Tranquilo and covers 80 square kilometres in the Santa Cruz Province of Argentina, was purchased for £2.1m.
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Patagonia now has the land surface rights as well as the mineral rights over the whole gold and silver deposit.
The share price rose 3.8% to 47.75p by 14:30PM.
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