Barranco Gold Engages Rio Minerals to Commence Phase Two Exploration at King Project, British Columbia

Executive Summary

• Barranco Gold Mining Corp. has entered into a definitive agreement with Rio Minerals Limited to conduct Phase Two exploration on its 100%-owned King Property in British Columbia.
• The program aims to refine previously identified gold and copper anomalies into priority drill targets using expanded soil/rock sampling, ground geophysics, and magnetic surveys.
• This follows successful 2020 and 2023 work programs that identified significant anomalies, including up to 1,830 ppb gold in soils.

Key Details

• Contractor: Rio Minerals Limited.
• Property: King Property, located in the Nicola and Similkameen Mining Divisions of south-central British Columbia.
• Property Size: Nine contiguous mineral claims totaling 3,456 hectares.
• Historical Context: Phase Two follows successful 2020 and 2023 work programs that identified multiple gold and copper anomalies across Central, East, and South grids.
• Previous Anomalies: Soil and rock sampling returned strongly anomalous values, including up to 1,830 ppb gold, 166 ppm copper, and 860 ppb gold in soils (per NI 43-101 Technical Report, November 22, 2023).
• Phase Two Scope:
  • Expand and resample Central and East grids to further define gold and copper anomalies.
  • Conduct systematic surveys over King 6 and King 8 MINFILE showings.
  • Undertake ground geophysics across the Central and East grids once expanded.
  • Submit all geochemical samples to Actlabs in Kamloops for 30 g Au fire assays with ICP-MS multi-element analysis.
  • Render new geophysical data into 3D GIS imagery for drill target generation.
  • Cover the entire Main and East Grids with approximately 80 km of continuous ground magnetic surveys.
• Strategic Goal: Refine existing targets into priority drill locations to unlock potential in a proven mining district hosting past producers and current gold deposits.

Notable Quotes

• "We are excited to advance the King Project with Rio Minerals, who have extensive technical experience in British Columbia exploration... This is an important step toward unlocking the potential of the King Property in a proven mining district that hosts both past producers and current gold deposits." — Reno J. Calabrigo, CEO of Barranco Gold Mining Corp.