SOURCE: Ranger Gold Corp

April 05, 2010 09:30 ET

Ranger Gold Corp. Approves Drilling Budget for the CX Property

CARSON CITY, NV--(Marketwire - April 5, 2010) -  Ranger Gold Corp. (OTCBB: RNGC) is pleased to announce it has approved an exploration budget for its CX Property and is moving forward with a drill program that will include approximately 3,000 feet of reverse circulation drilling. 

"After reviewing the available geological data, we have identified several targets and will be executing a drill program in the near future," says Gary Basrai, President of Ranger, "We are pleased to make this important step in the progress towards exploring for gold on the CX Property."

The CX Property consists of 72 unpatented mineral claims in Nevada's Nye County. It covers six epithermal gold-silver targets within a caldera margin that hosts at least two other major gold-silver mines with combined production and reserves of several million ounces.

Ranger has the right to earn a 100% undivided interest in the property by making certain annual property option payments and spending certain amounts on the exploration of the property. 

"We believe the potential for the CX Property is significant, and we plan to carry out exploration with a goal to advance our 100%-owned project in a timely manner," says Gary Basrai, president of the company.

About Ranger Gold Corp.

Ranger Gold Corp. (OTCBB: RNGC) is a US-based resource exploration company exploring for gold in proven gold regions of Nevada. It is focused on discovering and developing low-cost gold assets in order to provide maximum return for its shareholders.

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, 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. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's website at http://www.sec.gov.

Contact Information