Ranchero Gold Corp. 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.
“We continue to execute on our exploration plan as we develop our understanding of the Ana Maria Property using the CRD model developed by Dr. Peter Megaw” said Peter Latta, President. “The results of these samples confirm the mineralized skarn structure previously identified in September.”
“Building on the excellent high-grade gold and silver maiden resource estimate, the high recoveries of gold and silver from the flotation tests again demonstrates the attractive project metrics for our Copalquin District in Mexico. As our study work progresses to optimise a future development at El Refugio, we continue our exploration efforts to expand the current resource with two drill holes (CDH-101 &102) confirming mineralised extension 160m west.”
GR Silver Mining President and CEO, Marcio Fonseca commented “The first drill results from our resource expansion program at San Marcial have proven the consistency and continuity of the Ag-rich San Marcial Breccia mineralization, along strike and down dip.”
Notably, the best intersection in the 2021 drill program was returned by drill hole N008: a true thickness of 328.3 m of 0.45% Copper Equivalent.
“Drilling at Platosa following up on the 817 Zone has defined vertically-oriented, high-grade mineralization over approximately 30 metres of strike and 30 metres of vertical extent,” stated Jorge Ortega, Vice President Exploration. “The proximity of existing infrastructure should allow access to this zone in the coming months and supplement first and second quarter production.”
“The Central Structure is a very significant 2.3 km-long target that contains 3 known deposits at San Miguel West, San Miguel East and Noche Buena, but has only been explored over approximately 50% of its strike length and mostly to a depth of only 625 m above sea level. This is relatively shallow compared to the productive elevation for mineralization as encountered at Guadalupe and Tahonitas-Zapote.”
“We are very pleased with these results at Mololoa, as we continue our aggressive resource expansion drilling program at Los Ricos North. This is in addition to the initial Mineral Resource Estimate released in December,” said Brad Langille, President and CEO. “We’ve also commenced drilling at the Gran Cabrera zone, which is our newest target for Los Ricos North, where we see an exploration potential that may be similar to the El Favor deposit.”
Heliostar CEO, Charles Funk, commented: “Starting the Cumaro drill program in December last year sets Heliostar up very well for 2022. We start the year in the fortunate position of having both an ongoing drill program on a new discovery in Mexico and a suite of high-grade gold hits across the district at our flagship Unga project in Alaska. Our initial focus in 2022 is the fully funded drill program at Cumaro where we have hit veining as predicted in each of our completed drill holes.”
Silver Tiger’s CEO, Glenn Jessome, stated, “The discovery of a potential new high grade silver-gold vein between the Tiger Vein and the Seitz Kelly Vein exhibiting wide high grade mineralization in the black shale further strengthens our hypothesis of the importance of this shale horizon.”
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