Ranchero Gold Corp V.RNCH

Alternate Symbol(s): RNCHF

Metals & Mining Industrial Metals & Minerals

Ranchero Gold Corp. is a Canada-based gold exploration and development company. The Company is focused on its 100%-owned Santa Daniela project located in Sonora, Mexico. The Santa Daniela project consists of a land package in excess of 22,200 hectares (ha) within Mexico’s Sierra Madre Occidental, which is a gold belt. The Santa Daniela project is also near various gold mining operations in the region. The claims are subject to a 2% gross value royalty of all commercial production from the claims. Maiz Azul is the Company’s most advanced prospect where exploration efforts are underway. The Company’s subsidiaries include Melior Resources Corp. and Minera y Metalurgia Paika SA de CV.

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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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