$RNCH completes phase I of drilling at Maíz Azul prospect One of my jr. gold picks, Ranchero ($RNCH.V), had some pretty promising news last week I thought I'd share with y'all.
$RNCH's phase I drill results at its Maz Azul prospect (part of its 100%-owned Santa Daniela gold project) showed that:
- All 16 completed drill holes have intersected gold mineralization.
- Drilling at the La Colmena target intersected 1.2 g/t gold over 15.6 meters along strike from 4.0 g/t gold over 31.5 meters
- Drilling at the eastward extension of La Colmena successfully extended near-surface gold mineralization over 260 meters along strike where it remains open.
With these results, $RNCH will update its geologic mapping of Maz Azul which is expected to greatly enhance its ability to develop new targets at and near Maz Azul.
The second phase drill program is planned for later this year and will focus on expanding the newly discovered gold mineralization.
More here: https://ca.finance.yahoo.com/news/ranchero-gold-further-extends-gold-110000971.html
Despite this good news, $RNCH closed slightly down so it might be a good time to jump in.
$RNCH @ $0.25, MC $16.434M