Ranchero Announces Proposed Disposition of the Santa Daniela Property for a Total Consideration of Up to US$5.05m
December 27, 2023
Ranchero Gold Corp. is pleased to announce that its wholly-owned subsidiary Minera y Metalurgia Paika, S.A. de C.V. has entered into a letter of intent dated December 22, 2023 with Minas de Oro Nacional, S.A. de C.V., a wholly-owned subsidiary of Alamos Gold Inc. for the proposed sale of Paika’s interest in four mineral licenses comprising an area of 5,390 hectares, which represents approximately 24% of the surface area of the Company’s Santa Daniela mineral property located in Sonora, Mexico, in consideration for the cash payment of US$2,550,000 and a conditional cash payment of US$2,500,000.
