Ranchero GOLD Intersects Additional Near Surface GOLD Mineralization of 1.2 G/T over 21.2 Meters All Drill Holes to Date Have Encountered GOLD Mineralization
RANCHERO GOLD INTERSECTS ADDITIONAL NEAR SURFACE GOLD
MINERALIZATION OF 1.2 G/T OVER 21.2 METERS
ALL DRILL HOLES TO DATE HAVE ENCOUNTERED GOLD MINERALIZATION
Vancouver, British Columbia, January 26, 2022 – Ranchero Gold Corp. (“Ranchero” or the
“Company”) (TSX.V:RNCH) is pleased to announce additional drill results from its ongoing 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:
• All drill holes from the Company’s ongoing drill program at Maíz Azul have encountered
gold mineralization.
• Additional drilling at the La Colmena target intersected 1.2 g/t gold over 21.2 meters
and 1.1 g/t gold over 13.2 meters – demonstrating near surface mineralization
approximately 50 meters in depth.
• Mineralization at La Colmena extended along strike by 150 meters from previous drilling
which intersected 4.0 g/t gold over 31.5 meters (press release dated January 18, 2022).
• Current drilling seeks to further extend mineralization at the La Colmena target by more
than 100 meters along strike eastward.
• All five drill holes at the La Cascada target encountered horizons of gold mineralization.
• Broad zones of zinc mineralization have been found at La Cascada and provide an
opportunity to further refine the Company’s three-dimension geological model.
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. Maíz Azul is currently comprised
of three drill targets: 1) La Colmena; 2) La Cascada; and 3) X Structure (Figure 1). The drill holes
reported in this press release tested the La Colmena and La Cascada targets where all drill holes
have encountered gold mineralization. The Company is also actively exploring the remainder of
its large land package to develop new prospects.
Bill Pincus, Chief Executive Officer of Ranchero stated: “The continued success of our Phase 1
drill program at Santa Daniela demonstrates the viability of our exploration model. We are also
very excited that every drill hole has so far intersected gold mineralization at Maíz Azul which is
a significant achievement. We also intersected areas of significantly higher-grade gold
mineralization and this continues to help us build on our understanding of this evolving deposit.
The wealth of new data that we have collected from our ongoing drill program has enhanced
our ability to visualize the controls on gold mineralization. This will allow us to prioritize future
drill holes to achieve continued exploration success at Santa Daniela.”
Drill Results at La Colmena Target Area
Drilling at La Colmena has further confirmed gold mineralization in this important structural
zone. Drill hole MA 21-013 intersected 1.11 g/t gold over 13.15 meters and drill hole MA 21-14
intersected 1.18 g/t gold over 21.15 meters – demonstrating near surface mineralization
approximately 50 meters in depth (Figure 2). These drill holes demonstrate the continuity of
mineralization at La Colmena as they are located along strike from drill hole MA 21-10 which
previously intersected 4.00 g/t gold over 31.50 meters (refer to the press release dated January
18, 2022).
Ranchero geologists initially collected samples based on visual criteria. Subsequent review of
the assay data showed that that further sampling is required both above and below the
collected samples in both drill holes MA 21-13 and MA 21-14. These results will be reported
shortly.
Drill holes MA 21-15 and MA 21-16, also in the La Colmena target, encountered gold
mineralization on its westward extension. These holes were drilled west of a cross-cutting fault
zone which may imply a displacement of the main mineralized horizon and will be tested with
future drilling.
Drill Results at La Cascada Target Area
A total of five drill holes have now been completed at the La Cascada target where all drill holes
encountered gold mineralization. A preliminary interpretation is that drilling at La Cascada has
encountered a higher level of gold mineralization as reflected by extensive propylitic alteration
and various horizons of low-grade mineralization. If correct, then feeder structures, similar to
what is now found at La Colmena may also be found below the dispersed gold horizons
intersected in the drilling.
Drill holes along the eastern edge of the La Cascada target returned broad areas of zinc
mineralization. In particular, MA 21-20 intersected 0.63% zinc over 78 meters. The occurrence
of base metal mineralization provides an additional opportunity to refine the three-dimensional
model through mineral/alteration vectoring. This modelling is now underway which will also
incorporate structural, lithological, and other geochemical information. This will allow Ranchero
to more effectively plan its future drill locations.
Progress on Phase 1 Drill Program
Drilling is ongoing at Maíz Azul where the Company continues to expect the completion of its
Phase 1, 3000-meter drill program in the first quarter of 2022. The current drilling is designed to
extend known La Colmena gold mineralization further along strike on the Company’s land
concessions as well as to test gold continuity and structural controls in the main La Colmena
target area.
Figure 1: Drill Hole Location Map at Maíz Azul
Figure 2: Cross Section for Drill Holes MA 21-13 and MA 21-14
Table 1: Drill Hole Interval
Drill Hole Target Azimuth Inclination Total Depth From To Interval Au
(degrees) (degrees) (meters) (meters) (meters) (meters) (g/t)
Previously reported (refer to the Press Release on January 18, 2022)
MA 21-10 La Colmena 22 50 145.5
75.00 106.50 31.50 4.00
includes 91.50 103.50 12.00 9.93
132.00 144.00 12.00 0.32
MA 21-11 La Colmena 22 70 218.2
69.15 72.55 3.40 0.27
102.65 123.65 21.00 1.08
includes 110.15 120.65 10.50 1.68
MA 21-12 La Colmena 60 60 136.9
76.90 78.65 1.75 0.15
97.20 103.10 5.90 0.47
109.10 115.05 5.95 0.28
Drill results reported in current Press Release
MA21-13 La Colmena 60 60 43.0
8.75 21.85 13.10 0.36
25.25 38.40 13.15 1.11
38.40 39.80 1.40 N/A3
39.80 42.95 3.15 0.71
MA 21-14 La Colmena 0 90 80.3
32.15 53.30 21.15 1.18
MA 21-15 La Colmena 25 60 130.8
46.95 67.00 20.05 0.28
MA 21-16 La Colmena 25 60 172.9
38.38 41.24 2.86 0.81
MA 21-17 La Cascada 20 60 311.1
110.05 120.55 10.00 0.22
MA 21-18 La Cascada 20 60 349.8
36.30 37.80 1.50 0.30
Ma 21-19 La Cascada 0 70 326.0
124.55 133.40 8.85 0.18
MA 21-20 La Cascada 30 70 176.2
117.7 128 10.30 0.32
MA 21-21 La Cascada 60 70 308.2
266.2 276.7 10.50 0.33
Notes
1. Intersections presented herein may not necessarily represent true width of mineralization. Reported drill intercepts
were based on a minimum grade of 0.1 ppm Au over 1.5 meters. Intervals are weight-average by sample length. Assay
values are uncut.
2. Ranchero has a Quality Assurance and Quality Control (“QA/QC”) program that conforms to industry best practices.
Samples are delivered to ALS Global Labs in Hermosillo, Sonora, Mexico for preparation and analysis. The analytical
method for gold is a 30-gram fire assay with atomic adsorption finish. Samples over 10 ppm are re-assayed by fire
assay with a gravimetric finish. Strict sampling and QA/QC protocol are followed, including the insertion of standards,
blanks, and duplicates on a routine basis. Results of these QC samples are tracked and failures are re-analyzed.
Sample intervals are usually 1.5m but may be less. All exploration diamond drill cores are split in half by core sawing
and sampled at appropriate intervals for assay. The remaining core, coarse reject and pulps are stored on-site in a
secure location.
3. Drill Hole MA 21-13 encountered a 1.4-meter natural void in the rock during drilling. This occurred within a
mineralized interval from 25.25 meters to 42.95 meters. For purposes of proper representation, the interval has been
divided into two segments – one above and one below the void.
Qualified Person
Scientific and technical information in this news release has been reviewed and approved by
William Pincus, CPG, who is a "qualified person" as defined by NI 43-101.
About Ranchero Gold
Ranchero is a gold exploration and development company currently focused on its 100%-owned
Santa Daniela project located in Sonora, Mexico. The Santa Daniela project consist of a large land
package in excess of 22,300 hectares within Mexico’s Sierra Madre Occidental – a newly
emerging gold belt. The Santa Daniela project is also near a number of major gold mining
operations in the region. Maíz Azul is the Company’s most advanced prospect where a drill
program is underway.
On behalf of the Board of Directors of the Company:
William Pincus
Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Note Regarding Forward Looking Statements
This news release contains certain forward -looking statements. Any statements that express or
involve discussions with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but no t always, using words or
phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not
anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results “
may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of
historical fact and may be “forward-looking statements”. Forward-looking statements contained
in this news release include, but are not limited to, the final acceptance of the TSXV to the
Transaction.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause
actual events or results to materially differ from those reflected in the forward -looking
statements. These risks and uncertainties include but are not limited to: risks related to
regulatory approval, including the approval of the TSXV. There can be no assurance that forward-
looking statement will prove to be accurate, and actual results and future events could differ
materially from those anticipate in such sta tements. The Company undertakes no obligation to
update forward -looking statements if circumstances or management’s estimates or opinions
should change except as required by applicable securities laws. The reader is cautioned not to
place undue reliance on forward-looking statements.