Business
Outcrop Drills 0.7 Metres of 8,584 Grams Silver Equivalent Per Tonne And 1.0 Metre of 2,731 Grams Silver Equivalent Per Tonne
VANCOUVER, BC, May 10, 2021 /CNW/ - Outcrop Gold Corp. (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) ("Outcrop") is pleased to announce results of five holes from conti
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":" VANCOUVER, BC, May 10, 2021 /CNW/ - Outcrop Gold Corp. (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) (\"Outcrop\") is pleased to announce results of five holes from continuing delineation drilling in La Ivana and an update on exploration drilling on its 100% owned Santa Ana project in north Tolima, Colombia. Highlights 0.7 metres of 117.5 grams gold equivalent per tonne or 8,584 grams silver equivalent per tonne. 1.0 metres of 37.4 grams gold equivalent per tonne or 2,731 grams silver equivalent per tonne. La Ivana high-grade mineralization remains open along strike and depth. Greenfield exploration progresses with less than 25% of the mapped or inferred vein traces tested. \"Three of five recent delineation holes at La Ivana returned values greater than 2 kilograms silver equivalent per tonne including a remarkable value of 8.6-kilogram silver equivalent per tonne,\" comments Joseph Hebert, Chief Executive Officer. \"These values are of significance considering that the average grade of the world's twelve largest silver mines has fallen to 300 grams silver equivalent per tonne.\" Table 1. Intercepts and assays from recent delineation drilling from La Ivana. Hole ID From (m) To (m) Width (m) g Au/t g Ag/t % Pb % Zn Eq g Au/t Eq g Ag/t SALP21DH98 105.76 106.20 0.44 1.9 409 0.57 0.47 7.8 573 SALP21DH101 96.01 97.01 1.00 18.3 1,354 0.45 0.93 37.4 2,731 SALP21DH103 99.86 100.27 0.41 17.4 847 0.76 1.00 29.0 2,121 SALP21DH104 99.50 100.00 0.50 6.9 104 0.13 0.33 8.4 611 SALP21DH110 74.95 75.65 0.70 29.1 5,763 2.36 0.94 117.5 8,584 For equivalent calculations $1,900 per ounce gold, $26 per ounce silver, $0.87 per pound lead and $1.08 per pound zinc were used. Intervals shown are drill intercept, true thickness cannot be calculated yet. There were no signficant intercepts, defined as 200 eq g Ag/t, in SALP21DH100. Table 2. Collar and survey table for recent delineation drilling from La Ivana. Hole ID Easting Northing Elev (m) Depth (m) Azimuth Dip SALP21DH98 505894.62 566912.29 888.97 120.09 118 -77 SALP21DH101 505894.62 566912.29 888.97 115.82 123 -45 SALP21DH103 505875.78 566899.04 894.80 116.43 119 -50 SALP21DH104 505875.78 566899.04 894.80 108.81 119 -64 SALP21DH110 505975.09 566901.70 891.67 100.27 118 -80 Exploration Update Preliminary drilling in greenfield targets Palomo, Prias, Culebra and El Gordo have defined vein stru...