The Maiz Azul prospect is looking highly promising for Ranchero Gold (TSXV: RNCH) following the completion of the inaugural drill program last month.
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 Maz Azul.
During the course of the drill campaign, Ranchero geologists have expanded their understanding of the Maz Azul prospect and how it relates to the nearby San Carlos deposit, part of the Mulatos gold mine, owned by Alamos Gold.
Ranchero is currently updating and expanding the geologic map of the Maz Azul area beyond its previous limits – principally eastward. Upon completion, Ranchero will incorporate the new map into its three-dimensional model providing a geologic context for understanding the location of gold mineralization. The goal is to define drill targets for its upcoming Phase II campaign.
$RNCH.v is currently trading at $.22 and valued at $14.46M.
https://ceo.ca/@nasdaq/ranchero-gold-provides-summary-of-successful-inaugural