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Outcrop Consolidates the Historic Mariquita Silver-Gold District Along Strike from the High-Grade Santa Ana Project
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2020) - Outcrop Gold Corp. (TSXV: OCG) (OTC Pink: MRDD.F) (FSE: MRG1) ("Outcrop") is pleased to announce
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 20, 2020) - Outcrop Gold Corp. (TSXV: OCG) (OTC Pink: MRDD.F) (FSE: MRG1) (\"Outcrop\") is pleased to announce a significant increase in the land position surrounding and along trend from the high-grade silver-gold Santa Ana project, including the consolidation of multiple regional scale, parallel silver-gold belts in the Mariquita District, Colombia. Highlights Santa Ana land position increased three-fold to over 25,000 hectares New claims cover five regional scale parallel vein systems across a trend 12 kilometres wide and 30 kilometres long Project contains dozens of historic mines including Santa Ana and the newly acquired Frias mine Acquisition dramatically increases project scale and exploration potential \"Outcrop is elated to make an acquisition of this quality and scale,\" remarks Outcrop Chief Executive Officer, Joe Hebert. \"Colombia is one of the few exploration jurisdictions in Latin America where a company can consolidate this large of an area of high-grade veins with almost no modern exploration but abundant artisan mining. Controlling numerous vein systems that extend for tens of kilometres will position us for a world-class high-grade discovery.\" Within the area of new acquisition, nineteen samples from historic workings by the Servicio Geológico Colombiano (SGC) range from 48 to 2,576 g Ag/t and 0.4 to 272 g Au/t to average 449 g Ag/t and 43.8 g Au/t - or 3,313 eq g Ag/t and 46.3 eq g Au/t. Reconnaissance prospecting by the SGC demonstrates the prevalence of high-grade parallel vein systems across a trend 12 kilometres wide by more than 30 kilometres in length. The SGC assays, ubiquitous historic artisan workings and the clear northeast alignment of the Santa Ana, Frias and El Porvenir mines demonstrate that the Mariquita Silver District and several parallel vein systems are richly endowed with silver and gold - dramatically increasing scale and exploration potential. Outcrop will prioritize work in areas of higher grades and vein thickness as reconnaissance prospecting is completed. The new applications contain over 38 reported historic mines - many with high-grade silver and gold assays. The workings are dense and consistently aligned in multiple clusters, each over 2 to 4 kilometres. The northeast trending belts are first order structural zones - the asso...