09:01 AM EDT, 08/12/2025 (MT Newswires) -- Barranco Gold Mining (BAR.CN) overnight Monday said it completed the acquisition of 16 strategically located mineral claims in the Reserve Island area of Ontario.

"The acquisition of these claims is a strategic step in strengthening our exploration portfolio in Ontario," said Barranco Gold Mining Chief Executive Reno Calabrigo. "We look forward to further evaluating this new land package and planning the next steps for future work."

The company plans to conduct detailed mapping of the claims, review historical data, and evaluate options for initial exploration and sampling programs in the coming months.

Shares of the company closed down 2.2% to $2.69 on Monday on the Canadian Securities Exchange.