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Ranchero Gold Further Extends Gold Mineralization by 170 Meters Along Strike With Near Surface Drilling
VANCOUVER, British Columbia, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Ranchero Gold Corp. (“Ranchero” or the “Company”) (TSX.V:RNCH) is pleased to announce the final d
About this update from Ranchero Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Ranchero Gold Corp. (“Ranchero” or the “Company”) (TSX.V:RNCH) is pleased to announce the final drill results from its recently completed Phase I drill program at the Maíz Azul prospect which is part of its 100%-owned Santa Daniela gold project located in Sonora, Mexico. Highlights of the Drill Results: Ranchero has completed its Phase I drill program with total diamond core drilling of 3,112 meters exceeding the Company’s original planned drilling due to continued exploration success at the Maíz Azul prospect. All 16 completed drill holes have intersected gold mineralization. Additional drilling at the La Colmena target intersected 1.2 g/t gold over 15.6 meters (MA 22-25) along strike from 4.0 g/t gold over 31.5 meters (MA 21-10) which was previously reported (press release January 18, 2022). Drilling designed to test the eastward extension of La Colmena successfully extended near surface gold mineralization over 260 meters along strike where it remains open. The Company will update its geologic mapping of Maíz Azul with the goal of using the volcanic-stratigraphic column to further identify new structures that control mineralization. This will greatly enhance the Company’s ability to develop new targets at and in close proximity to Maíz Azul. The Phase II drill program, planned for later this year, will focus on both expanding the newly discovered gold mineralization as well as testing additional targets including the X-Structure. Maíz Azul is the Company’s most advanced prospect at the broader Santa Daniela gold project which consists of a land package in excess of 22,300 hectares. Bill Pincus, Chief Executive Officer of Ranchero stated: “We are extremely pleased with the results from our first ever drill program at Santa Daniela. We have demonstrated the presence of gold mineralization in all of the targets that were drill tested including intersecting 4.0 g/t gold over 31.5 meters in drill hole MA 21-10. The recent step-out hole (MA 22-22) demonstrated the presence of gold mineralization for over 260 meters where it remains open eastward at the La Colmena zone. “We will now take a pause in drilling to update our geologic mapping and three-dimensional models. Continued exploration efforts at Maíz Azul has led to a greater understanding of the stratigraphic colum...