Gold and Silver Updates


Outcrop Gold Corp. reported that it lately recorded intercepts measuring 1,486 g/t silver equal over 1.2 meters at its Santa Ana property in northern Tolima, Colombia.

In a news release, Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCPK; MRG1:DB) introduced “further assay outcomes from the El Dorado goal on its 100% owned Santa Ana mission in north Tolima, Colombia.”

Outcrop Gold reported that the El Dorado goal assay outcomes returned 1.2 meters of 20.3 g/t gold or 1,486 g/t silver equal. The corporate famous that “further mineralized holes have expanded El Dorado, drilled important ends in the Paraiso vein and prolonged La Ivana shoot down dip.”

The corporate acknowledged that drilling information demonstrates that El Dorado consists of 4 or extra parallel, carefully spaced high-angle veins that stay open to enlargement. The agency famous that the adjoining low angle Paraiso vein could show to be a sixth high-grade discovery when it’s delineated by additional drilling. Outcrop acknowledged that the Paraiso vein continues 600 meters northeastward the place it hosts the Megapozo discovery.

The corporate’s President and CEO Joe Hebert commented, “Exploration success at Santa Ana continues to indicate quite a few shoots with good inside grade distribution and bodily continuity…Open strike and particularly depth extensions to mineralization may probably double the dimensions of the present shoots. Extra drilling is required to resolve whether or not Paraiso is one other important high-grade shoot between El Dorado and Megapozo.”

“A further high-grade intercept within the northern Paraiso, together with the lately found and blind San Juan shoot counsel that Santa Ana is a really target-rich setting, composed of a posh intersecting vein system with excessive shoot density,” Hebert added.

The corporate indicated that additionally it is advancing drill targets which are able to drill at San Antonio, north and south Morales and Palomos. The agency mentioned that it’ll proceed with this successive drill testing after El Dorado, Roberto Tovar and San Juan are delineated and their open extensions are closed off.

The corporate famous that the Santa Ana mission covers larger than 25,000 hectares and consists of 5 regional scale parallel vein programs throughout a 12 km huge, 30 km lengthy pattern. The agency indicated that on the core Santa Ana goal not less than 12 principal vein zones are acknowledged that collectively present as much as 14 km of cumulative strike size and that these veins typically present each high-grade silver and high-grade gold mineralization. The corporate suggested that drilling outcomes point out that mineralization extends from floor or close to floor to depths of 450 meters or extra.



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