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Rio Grande Resources Ltd ( (TSE:RGR) ) has issued an announcement.
Rio Grande Resources has engaged Precision GeoSurveys to complete a high-resolution airborne magnetic survey over the entire 19.2-square-kilometre Winston Gold–Silver Project in New Mexico, following recent high-grade surface sampling that confirmed a two-kilometre, north–south mineralized corridor. The survey, flown at tight 50-metre line spacing with tie lines for quality control, is designed to map subsurface structures, refine the property-wide exploration model, and prioritize the most technically compelling drill targets.
By integrating the new magnetic data with existing mapping and assay results, Rio Grande aims to better define structural corridors and splays that control mineralization, assess continuity between historic workings, and pinpoint zones of structural complexity that may host high-grade shoots. The work is expected to sharpen drill planning, support disciplined target selection, and potentially enhance the project’s exploration upside and strategic positioning within the gold and silver sector.
More about Rio Grande Resources Ltd
Rio Grande Resources Ltd. is a mineral exploration company focused on gold and silver, with its flagship Winston Gold–Silver Project located in the Black Range Mountains of Sierra County, New Mexico. The company targets structurally controlled low-sulfidation epithermal systems and aims to systematically refine exploration targets ahead of drilling to unlock the project’s potential scale.
Average Trading Volume: 37,174
Technical Sentiment Signal: Buy
Current Market Cap: C$16.39M
For a thorough assessment of RGR stock, go to TipRanks’ Stock Analysis page.