Ranchero Gold Corp V.RNCH

Alternate Symbol(s): RNCHF

Metals & Mining Industrial Metals & Minerals

Ranchero Gold Corp. is a Canada-based exploration and development company focused on the Pinchi Lake Nickel Project (the Pinchi Project). The Company can earn a 100% interest in the Pinchi Project, consisting of six mineral claims totaling approximately 3,917 hectares, situated approximately 15 to 30 kilometers (km) northwest of Fort St. James and 120 km northwest of Prince George in central British Columbia. The Company is also focused on looking at new projects. The Company’s subsidiary is Melior Resources Corp.

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Ranchero Gold Corp

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Post by Betteryear2on Dec 27, 2023 9:35am

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Post# 35800978

Ranchero Announces Proposed Disposition

VANCOUVER, British Columbia, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Ranchero Gold Corp. (“Ranchero” or the “Company”) (TSX.V:RNCH) is pleased to announce that its wholly-owned subsidiary Minera y Metalurgia Paika, S.A. de C.V. (“Paika”) has entered into a letter of intent dated December 22, 2023 (the “LOI”) with Minas de Oro Nacional, S.A. de C.V. (“Minas de Oro”), a wholly-owned subsidiary of Alamos Gold Inc. (TSX:AGI), for the proposed sale of Paika’s interest in four mineral licenses (the “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 (the “Cash Payment”) and a conditional cash payment of US$2,500,000 (the “Disposition”).

Ranchero Announces Proposed Disposition of the Santa (globenewswire.com)

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