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Ranchero Gold Announces Advancement of Comprehensive Reconnaissance Program at Santa Daniela
VANCOUVER, British Columbia, May 25, 2022 (GLOBE NEWSWIRE) -- Ranchero Gold Corp. (“Ranchero” or the “Company”) (TSX.V:RNCH) is pleased to provide an update of
About this update from Ranchero Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, May 25, 2022 (GLOBE NEWSWIRE) -- Ranchero Gold Corp. (“Ranchero” or the “Company”) (TSX.V:RNCH) is pleased to provide an update of its exploration program currently underway at its 100%-owned Santa Daniela gold concessions located within the prolific Sierra Madre Occidental gold belt in Sonora, Mexico. Ranchero has successfully augmented its previous reconnaissance targeting effort in partnership with GoldSpot Discoveries (GoldSpot). New targets have been identified and previously known targets have been further refined. Initial field visits have confirmed the presence of gold in surface sampling and the development of drill targets is on-going. Highlights Initial identification of 47 exploration targets in addition to Maiz Azul – the Company’s first gold discovery at Santa Daniela. GoldSpot’s machine-learning technology has further confirmed the high prospectivity nature of the Company’s extensive land package in excess of 22,200 hectares. Nine targets have been identified as high priority targets. Follow up field visits are underway at all locations including Rincon, San Francisco, and Yaqui Sur. Progressing towards additional drill targets by year end in addition to drilling expected to recommence at Maiz Azul in the second half of 2022. Bill Pincus, Chief Executive Officer and Director stated: “We have successfully completed targeting based on remote image interpretation and are now actively engaged in the field sampling and mapping new areas at our flagship Santa Daniela gold project. The work completed so far has been yielding positive results and we remain on track to identify new drill targets by year-end.” “The Sierra Madre Occidental, where we are actively exploring, is a prolific gold belt that hosts multiple major mining operations and significant deposits. Exploration and development activities at our Maíz Azul prospect has already confirmed our first gold discovery at Santa Daniela. The addition of new prospects allows us to demonstrate the district scale potential of the greater Santa Daniela land package and further unlock value for our shareholders.” Applying Machine Learning Technology to Santa Daniela Initial prospects were identified by an Aster/Landsat satellite-based study conducted by Perry Remote Sensing LLC (PRS) in 2020. This work highlighted the presence of hydrothermal al...