Rio Grande Resources Announces the Successful Completion of Sampling and Field Campaign at the Winston Gold-Silver Project
Rio Grande Resources (RGRLF) has completed its exploration and sampling program at the Winston Gold-Silver Project in New Mexico's Black Range Mountains. The March 24-28, 2025 field campaign collected 57 samples for analysis, revealing promising geological insights into the high-grade epithermal vein system.
Key findings include identification of mineralized shoots along vein bends, containing dark gray sulphosalts and chalcopyrite, indicating high-grade precious metal potential. Surface mapping confirmed continuous vein strike lengths of several hundred meters to over a kilometer, with evidence of intact precious metal horizons at depth.
The company is developing a 3D geological model and has submitted samples to ALS Global Laboratories for gold and multi-element analysis, with results expected in the coming weeks. Additionally, Rio Grande has entered two consulting agreements: a 6-month geological advisory services contract at $3,750 USD per quarter and a 12-month business advisory services agreement at $12,500 CND monthly, including 833,333 RSUs valued at $0.06 per unit.
Rio Grande Resources (RGRLF) ha completato il suo programma di esplorazione e campionamento presso il progetto oro-argento di Winston nelle Montagne Black Range del New Mexico. La campagna sul campo dal 24 al 28 marzo 2025 ha raccolto 57 campioni per l'analisi, rivelando promettenti approfondimenti geologici sul sistema di vene epithermali ad alta legge.
I risultati chiave includono l'identificazione di shoot mineralizzati lungo le curvature delle vene, contenenti solfuri grigi scuri e calcopirite, indicando un potenziale di metalli preziosi ad alta legge. La mappatura superficiale ha confermato lunghezze di strike delle vene continue di diverse centinaia di metri fino a oltre un chilometro, con evidenze di orizzonti di metalli preziosi intatti in profondità.
L'azienda sta sviluppando un modello geologico 3D e ha inviato campioni ai Laboratori ALS Global per l'analisi dell'oro e di più elementi, con risultati attesi nelle prossime settimane. Inoltre, Rio Grande ha stipulato due contratti di consulenza: un contratto di servizi di consulenza geologica di 6 mesi al costo di 3.750 USD per trimestre e un contratto di servizi di consulenza aziendale di 12 mesi al costo di 12.500 CND mensili, inclusi 833.333 RSU valutati a 0,06 USD per unità.
Rio Grande Resources (RGRLF) ha completado su programa de exploración y muestreo en el proyecto de oro y plata de Winston en las Montañas Black Range de Nuevo México. La campaña de campo del 24 al 28 de marzo de 2025 recolectó 57 muestras para análisis, revelando perspectivas geológicas prometedoras sobre el sistema de vetas epitermaales de alta ley.
Los hallazgos clave incluyen la identificación de shoots mineralizados a lo largo de las curvas de las vetas, que contienen sulfosales de color gris oscuro y calcopirita, lo que indica un potencial de metales preciosos de alta ley. La cartografía superficial confirmó longitudes de strike de las vetas continuas de varios cientos de metros a más de un kilómetro, con evidencia de horizontes de metales preciosos intactos en profundidad.
La empresa está desarrollando un modelo geológico 3D y ha enviado muestras a los Laboratorios Global ALS para el análisis de oro y múltiples elementos, con resultados esperados en las próximas semanas. Además, Rio Grande ha firmado dos acuerdos de consultoría: un contrato de servicios de asesoría geológica de 6 meses por 3,750 USD por trimestre y un acuerdo de servicios de asesoría empresarial de 12 meses por 12,500 CAD mensuales, que incluye 833,333 RSU valorados en 0.06 USD por unidad.
리오 그란데 리소스(RGRLF)는 뉴멕시코 블랙 레인지 산맥의 윈스턴 금-은 프로젝트에서 탐사 및 샘플링 프로그램을 완료했습니다. 2025년 3월 24일부터 28일까지의 현장 캠페인에서는 분석을 위해 57개의 샘플이 수집되어 고급 에피열맥 시스템에 대한 유망한 지질학적 통찰력을 드러냈습니다.
주요 발견 사항으로는 암회색 황화물과 황동석이 포함된 광물화된 슈트가 광맥의 굴곡을 따라 확인되었으며, 이는 고급 귀금속 잠재성을 나타냅니다. 표면 매핑을 통해 수백 미터에서 1킬로미터 이상에 이르는 연속적인 광맥 스트라이크 길이가 확인되었으며, 깊이에서 귀금속 수평선이 온전하게 유지되고 있다는 증거가 발견되었습니다.
회사는 3D 지질 모델을 개발 중이며, 금 및 다원소 분석을 위해 ALS 글로벌 연구소에 샘플을 제출했으며, 결과는 몇 주 내에 나올 것으로 예상됩니다. 또한 리오 그란데는 두 개의 자문 계약을 체결했습니다: 분기당 3,750 USD의 6개월 지질 자문 서비스 계약과 월 12,500 CAD의 12개월 비즈니스 자문 서비스 계약, 여기에는 단위당 0.06 USD로 평가된 833,333 RSU가 포함됩니다.
Rio Grande Resources (RGRLF) a terminé son programme d'exploration et d'échantillonnage au projet d'or-argent de Winston dans les montagnes Black Range du Nouveau-Mexique. La campagne sur le terrain du 24 au 28 mars 2025 a collecté 57 échantillons pour analyse, révélant des perspectives géologiques prometteuses sur le système de veines épithermales de haute teneur.
Les résultats clés incluent l'identification de shoots minéralisés le long des courbures des veines, contenant des sulfosalés gris foncé et de la chalcopyrite, indiquant un potentiel élevé en métaux précieux. La cartographie de surface a confirmé des longueurs de filon continues de plusieurs centaines de mètres à plus d'un kilomètre, avec des preuves d'horizons de métaux précieux intacts en profondeur.
L'entreprise développe un modèle géologique 3D et a soumis des échantillons aux Laboratoires ALS Global pour une analyse de l'or et de plusieurs éléments, avec des résultats attendus dans les semaines à venir. De plus, Rio Grande a signé deux contrats de conseil : un contrat de services de conseil géologique de 6 mois à 3 750 USD par trimestre et un contrat de services de conseil aux entreprises de 12 mois à 12 500 CAD par mois, incluant 833 333 RSU évalués à 0,06 USD par unité.
Rio Grande Resources (RGRLF) hat sein Explorations- und Probenahmeprogramm im Winston Gold-Silber-Projekt in den Black Range Mountains von New Mexico abgeschlossen. Die Feldkampagne vom 24. bis 28. März 2025 sammelte 57 Proben zur Analyse, die vielversprechende geologische Erkenntnisse über das hochgradige epithermale Gangsystem enthüllten.
Wichtige Ergebnisse umfassen die Identifizierung von mineralisierten Schüssen entlang der Biegungen der Gänge, die dunkelgraue Sulfosalze und Chalcopyrit enthalten und auf ein hohes Potenzial für Edelmetalle hinweisen. Die Oberflächenkartierung bestätigte kontinuierliche Gangstrecken von mehreren hundert Metern bis über einen Kilometer, mit Hinweisen auf intakte Edelmetallhorizonte in der Tiefe.
Das Unternehmen entwickelt ein 3D-geologisches Modell und hat Proben an die ALS Global Laboratories zur Analyse von Gold und mehreren Elementen eingereicht, wobei mit Ergebnissen in den kommenden Wochen gerechnet wird. Darüber hinaus hat Rio Grande zwei Beratungsverträge abgeschlossen: einen 6-monatigen Vertrag über geologische Beratungsdienste zu 3.750 USD pro Quartal und einen 12-monatigen Vertrag über Unternehmensberatungsdienste zu 12.500 CAD pro Monat, einschließlich 833.333 RSUs, die mit 0,06 USD pro Einheit bewertet sind.
- Identification of high-grade precious metal potential through mineralized shoots
- Confirmation of extensive vein strike lengths (several hundred meters to over 1km)
- Evidence of intact precious metal horizons at depth
- Development of 3D geological model for targeted exploration
- Additional share dilution through consulting agreements paid in common shares
- Results from sampling program still pending - no confirmed mineral grades yet
VANCOUVER, BC / ACCESS Newswire / April 7, 2025 / Rio Grande Resources Ltd. (CSE:RGR)(OTC PINK:RGRLF) ("Rio Grande" or "RIO" the "Company"), is pleased to announce it has successfully completed its exploration and sampling program conducted at the Winston Gold-Silver Project ("Winston" or the "Project") located the Black Range Mountains of Sierra County, New Mexico. The recent field campaign, conducted from March 24-28, 2025, collected 57 samples to be analyzed, and further, provides promising geological insights to advance the Company's understanding of the high-grade epithermal vein system.
Exploration Highlights:
Mineralized shoots were identified along bends in vein strike and are associated with ginguro banded vein phases containing dark gray sulphosalts and chalcopyrite, indicative of high-grade precious metal potential. This mineralization style is shown to be associated with economic gold and silver grades, particularly in epithermal or transitional vein systems. The presence of sulphosalts strongly suggests significant silver enrichment, while ginguro textures point to episodic high-grade deposition.
Surface mapping confirmed continuous vein strike lengths of several hundred meters to over 1 kilometer, with evidence that the precious metal horizon remains intact at depth despite post-mineral fault offsets.
A 3D geological model is under development, integrating quartz textures, mineral paragenesis, alteration, and geochemistry to target the precious metal horizon of the vein system.
Jason Barnard, President and CEO of Rio Grande, comments: "The findings from our March field program at the Winston Project underscore the exceptional potential of this district. The continuity of high-grade vein structures, combined with the geological indicators of preserved mineralization at depth, reinforces our confidence in the Project's ability to host significant gold-silver resources. Our team is now focused on integrating these results into a robust 3D model to guide our next phase of exploration, including the prospect of future targeted drilling. With gold and silver markets remaining strong, we are committed to advancing Winston strategically and efficiently to unlock value for our shareholders."
Dr. Michael Feinstein, PhD, CPG, the Company's Qualified Person, notes: "The Winston Project exhibits classic low-to-intermediate sulfidation epithermal vein characteristics. Mineralization is controlled by structural complexities such as vein bends, dilation zones, and through a depth transition into the precious metal horizon, indicated by the development of sulphide-rich banding, sulphide breccias, and elevated metals content. The preservation of high-level quartz textures and the strike continuity of veins at surface suggest robust potential for ore-grade material at depth. Our ongoing work aims to refine drill targets based upon geochemistry, quartz textures, and alteration vectoring in combination with a structural reconstruction to pre-fault vein geometry.
Next Steps
The Company has submitted all 57 samples from the March program to ALS Global Laboratories for gold (fire assay) and multi-element (ICP-MS) analysis, with results expected to be released in the coming weeks. These assays, combined with ongoing 3D modeling, will focus on the Paymaster Fault Zone and associated veins, which will form the foundation for drill targeting and be used to prioritize follow-up sampling programs for the next phase of exploration.
Consulting Agreements
Rio Grande would like to announce that it has entered into two arms' length business and consulting service agreements. The first consulting agreement (the "First Agreement"), dated April 3, 2025, is for geological advisory services over a six-month term. The services include geological data processing and assay analysis, software mapping and modelling, administrative tasks including documentation review and preparation. The fee for these services is
Further, the Company would like to also announce it has entered into a second consulting agreement (the "Second Agreement"), dated April 7, 2025, which includes business, operational, and financial advisory services over a 12-month term. The fee for these services is
All share issuances are subject to a four-month and one day statutory hold period and final approval by the CSE.
Qualified Person
Technical information in this news release has been reviewed and approved by Michael Feinstein, PhD, CPG, who is a Qualified Person as identified by Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Rio Grande Resources
Rio Grande Resources (CSE:RGR) is a burgeoning mineral exploration company focused on unlocking the high-grade gold and silver potential within its 3,000-acre drill-ready property in the Black Range of Sierra County, New Mexico. The company holds
Contact and Information
Company
Jason Barnard, President, CEO and Director
(604) 767-6598
jason.barnard@riogranderesources.ca
Investor Relations Contact:
Lucas A. Zimmerman & Ian Scargill
MZ Group - MZ North America
(262) 357-2918
RGR@mzgroup.us
www.mzgroup.us
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Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute "forward-looking statements" as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward looking statements. Such forward-looking statements and forward-looking information include, but are not limited CSE and the proposed benefits of the Arrangement. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect," "is expected," "anticipates" or "does not anticipate," "plans," "estimates" or "intends," or stating that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, continuity of agreements with third parties, the satisfaction of the conditions to the Arrangement, risks and uncertainties associated with the environment and delays in obtaining governmental approvals, permits or financing. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings on SEDAR+. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. Please refer to the Company's most recent filings under its profile at on SEDAR+ at www.sedarplus.ca for further information respecting the risks affecting the Company and its business.
The CSE has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
SOURCE: Rio Grande Resources
View the original press release on ACCESS Newswire
FAQ
What were the key findings from RGRLF's Winston Project exploration program in March 2025?
How many samples were collected during Rio Grande Resources' March 2025 field campaign?
What is the value of the consulting agreements announced by RGRLF in April 2025?
When will RGRLF release the analysis results from the Winston Project sampling program?
