Business
Ranchero Gold Intersects High Grade and Near Surface Gold Mineralization of 4.0 g/t Over 31.5 Meters
Gold Mineralization at Maíz Azul Remains Open in all Directions VANCOUVER, British Columbia, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Ranchero Gold Corp. (“Ranchero” o
About this update from Ranchero Gold Corp
[{"type":"text","content":" Gold Mineralization at Maíz Azul Remains Open in all Directions VANCOUVER, British Columbia, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Ranchero Gold Corp. (“Ranchero” or the “Company”) (TSX.V:RNCH) is pleased to announce the first set of assay results from its inaugural drill program at the highly prospective Maíz Azul target, which is part of its 100%-owned Santa Daniela gold project located in Sonora, Mexico. Highlights of the Drill Results: Gold mineralization was encountered in all of the first three drill holes from the Company’s 3,000-meter drill program. High grade intersection of 4.00 g/t gold over 31.5 meters including 9.93 g/t gold over 12.0 meters of near surface gold mineralization was encountered in drill hole MA 21-10. Additional drill results including drill hole MA 21-11 which intersected 1.08 g/t gold over 21.00 meters provided confirmation that mineralization remains open at depth and along strike on the Company’s land concessions. Drilling has resumed at Maíz Azul and the Company will provide regular exploration updates over the course of the first quarter and going forward. Maíz Azul is the Company’s most advanced prospect at the Santa Daniela gold project which consists of a land package in excess of 22,300 hectares. Maíz Azul is currently comprised of three drill targets: 1) La Colmena; 2) La Cascada; and 3) X Structure (Figure 1). The three drill holes reported in this news release tested the La Colmena target and all of them intersected gold mineralization. Bill Pincus, Chief Executive Officer of Ranchero, stated: “By any measure, this is a tremendous start to our inaugural drill campaign at Santa Daniela. The intersection of 4.00 g/t gold over 31.5 meters (drill hole MA 21-10) provides us with confirmation that there is in fact significant gold mineralization within our large land concession which exceeds 22,300 hectares. Our technical team began its exploration program in 2020 and the excellent results today are a product of all the hard work put in by our incredible team of talented individuals. We have learned a lot, but there still remains a significant amount of exploration potential that we must continue to unlock at Santa Daniela. With the resumption of drilling in 2022, we anticipate that we will be announcing subsequent drill results in the near future.” Current Drill Program at Maíz Azul Drill Hole MA...