#Canada #North Vancouver #Barranco Gold #Rio Minerals #King Project

Barranco Gold Partners with Rio Minerals for New Exploration Initiatives

Barranco Gold Mining Corp. (CSE: BAR) is thrilled to announce its collaboration with Rio Minerals Limited as they embark on the second phase of exploration at the King Property in British Columbia. This strategic initiative comes after the successful exploration programs conducted in 2020 and 2023, identifying promising gold and copper anomalies within the property.

Situated in the rich Nicola and Similkameen Mining Divisions, the King Property encompasses nine mineral claims covering approximately 3,456 hectares. The findings from the previous exploration phases revealed several remarkable results, including soil samples that returned up to 1,830 ppb of gold and 166 ppm of copper. These significant anomalies have laid the groundwork for the upcoming Phase Two program, aimed at refining these targets into priority drilling locations.

Overview of Phase Two Exploration Program

Under the recently signed agreement with Rio Minerals, the exploration program will include a variety of methods to further define the identified gold and copper anomalies. Here's an insight into what the program entails:

• - Exploration Expansion: The program will focus on expanding and resampling the Central and East grids, which are critical to better understanding the areas with gold and copper potential.
• - Systematic Surveys: It will also involve systematic surveys over the King 6 and King 8 MINFILE showings, which are known for mineralization occurrences.
• - Geophysical Studies: Ground geophysics will be conducted across expanded grids to produce more detailed images of the subsurface, essential for identifying drill targets.
• - Sample Analysis: All geochemical samples collected during this phase will be sent to Actlabs in Kamloops for comprehensive analysis, including fire assays to detect gold content.
• - Geophysical Data Rendering: The new geophysical data will be translated into 3D GIS formats to aid in the generation of drill targets.
• - Magnetic Surveys: The exploration will cover the Main and East grids with around 80 km of continuous ground magnetic surveys, vital for identifying mineralization patterns.

Management's Insights

The excitement surrounding this collaboration is palpable. Reno J. Calabrigo, the CEO of Barranco Gold Mining Corp., expressed his enthusiasm for advancing the King Project with Rio Minerals, emphasizing their extensive technical experience in British Columbia's exploration landscape. He stated, "With multiple gold and copper anomalies already outlined during previous programs, the Phase Two initiative is crucial for refining these targets into priority drilling locations. This step is essential for unlocking the potential of the King Property in a proven mining district, which already hosts both historical producers and current gold deposits."

Future Outlook

With Phase Two exploration underway, Barranco Gold Mining Corp. positions itself for promising advancements in the mining sector. The commitment to thorough exploration, combined with responsible development practices, showcases the company's dedication to creating shareholder value. As the King Project progresses, stakeholders and industry professionals will undoubtedly monitor it for new developments.

About Barranco Gold Mining Corp.

Barranco Gold Mining Corp. is primarily focused on enhancing its 100%-owned King Property in British Columbia, strategically located between historical mining sites like the Brenda Mine and Elk Gold Mine. The company aims to maximize shareholder returns through disciplined exploration amidst ongoing evaluation of its assets. Notably, mineralization in neighboring properties does not guarantee similar outcomes for Barranco Gold Mining Corp’s property.

Conclusion

As Barranco Gold and Rio Minerals join forces, the mining community observes a new chapter in exploration that promises increased insights into gold and copper resources. The collaborative efforts are expected to unlock further potentials in a well-established mining district, setting the stage for exciting future developments.