Ranchero GOLD Intersects High Grade and Near Surface GOLD Mineralization of 4.0 G/T over 31.5 Meters GOLD Mineralization at Maiz Azul Remains Open IN All Directions
RANCHERO GOLD INTERSECTS HIGH GRADE AND NEAR SURFACE GOLD
MINERALIZATION OF 4.0 G/T OVER 31.5 METERS
GOLD MINERALIZATION AT MAIZ AZUL REMAINS OPEN IN ALL DIRECTIONS
Vancouver, British Columbia, January 18, 2022 – 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 21-10 which intersected 4.00 g/t gold over 31.5 meters confirms and expands on
the historical drilling completed at Maíz Azul (which included 1.56 g/t gold over 37.0 meters).
Drill hole MA 21-11 which intersected 1.08 g/t gold over 21.00 meters extends this
mineralization approximately 150 meters down dip from surface and remains open at depth
(Figure 2).
Drill hole MA 21-12 effectively extends the mineralization approximately 150 meters eastward
at La Colmena. While gold mineralization was encountered in this hole, surface mapping
indicates that much of it may be offset by faulting. Ranchero is currently testing to confirm that
gold mineralization extends towards the east.
The work to date confirms Ranchero’s geologic modelling that Maíz Azul is an epithermal gold
system as is evidenced by the widespread low-temperature alteration halo, broad areas of gold
mineralization, structural control on the placement of mineralization, and the presence of
hydrothermal breccias with high grade intercepts. Additionally, the Company is developing a
basic understanding of the secondary control structures that seem to play a key role on
concentrating gold mineralization.
Results and analysis are pending for drill hole samples testing the La Cascada target as well as
expanding known mineralization at La Colmena. The final holes of the 3000-meter drill program
will focus on extending the La Colmena zone eastward, testing its continuity along strike and
getting a greater understanding of secondary structural control on mineralization.
Figure 1: Drill Hole Location Map at Maíz Azul
Figure 2: Cross Section for Drill Holes MA-21-10 and MA-21-11
Table 1: Drill Hole Interval Table
Drill Hole Target Azimuth Inclination From To Interval Au
(degrees) (degrees) (meters) (meters) (meters) (g/t)
MA21-10 La Colmena 22 50
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
MA21-11 La Colmena 22 70
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
MA21-12 La Colmena 60 60
76.90 78.65 1.75 0.15
97.20 103.10 5.90 0.47
109.10 115.05 5.95 0.28
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 for assay. The remaining core, coarse rejects and pulps are
stored on-site in a secure location.
Regional Exploration Program
The Company also has an effort focused on reconnaissance exploration work outside of the
Maíz Azul area. The current activity at Maíz Azul covers approximately 5% of the land package
at Santa Daniela. The Company, working with Goldspot Discoveries, is using machine learning
technologies to further focus on new reconnaissance targets. Ranchero will continue with
follow-up site visits on all targets generated by the 2020 interpretation of Landsat and Aster
satellite imagery together with the emerging Goldspot interpretation.
Qualified Person
Scientific and technical information in this news release has been reviewed and approved by
William Pincus, C.P.G., 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 not 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 materi ally 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 antic ipate in such statements. 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.