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Ranchero Gold Provides Summary of Successful Inaugural Drill Program at Santa Daniela
VANCOUVER, British Columbia, April 07, 2022 (GLOBE NEWSWIRE) -- Ranchero Gold Corp. (“Ranchero” or the “Company”) (TSX.V: RNCH) is pleased to provide a summary
About this update from Ranchero Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, April 07, 2022 (GLOBE NEWSWIRE) -- Ranchero Gold Corp. (“Ranchero” or the “Company”) (TSX.V: RNCH) is pleased to provide a summary of its successful inaugural drill program at the Maíz Azul prospect which is part of its 100%-owned Santa Daniela gold project located in Sonora, Mexico. The Santa Daniela concessions represents one of the largest unexplored claim blocks (>22,200 hectares) located within the prolific Sierra Madre Occidental gold belt and is surrounded by six major gold mining operations. Bill Pincus, Chief Executive Officer and Director stated: “The success of our first ever drill program at Maíz Azul has confirmed a significant gold discovery at the highly prospective Santa Daniela project. Our team is working tirelessly to prepare our Phase II drill program which will build upon the exploration success that we have had thus far.” “Exploration efforts are already underway at the greater Santa Daniela project area where a number of new exploration targets are undergoing field visits. There are currently nine targets that are located in close proximity to existing deposits or past producing operations at the neighboring Mulatos Gold mine to the northwest. We look forward to advancing these exploration targets to drill ready prospects in the second half of 2022.” Successful Phase I Drill Program at Santa Daniela The Phase I drill program was designed to test two principal targets at Maíz Azul: La Colmena and La Cascada. Drilling has confirmed widespread gold mineralization at both targets and also provided confirmation that high grade mineralization exists within a lower grade halo. Highlights: Ranchero completed its Phase I drill program with total diamond core drilling of 3,112 meters which exceeded the Company’s original planned drill program due to continued exploration success. All 16 completed drill holes intersected gold mineralization confirming widespread mineralization at Maíz Azul. Near surface drill results included: 1) 4.0 g/t gold over 31.5 meters (MA 22-10); 2) 1.2 g/t gold over 21.2 meters (MA 21-14); 3) 1.2 g/t gold over 15.6 meters (MA 22-25); and 4) 1.1 g/t gold over 21.0 meters (MA 21-11) (refer to press releases dated January 18, 2022, January 26, 2022, and February 23, 2022). Expansion of the combined mineralized footprint at La Colmena and La Cascada to 500 meters...