Business
Outcrop Drills Thicker Veins Beneath Megapozo Workings And Identifies Bulk Mineralized Zones
VANCOUVER, BC, Aug. 26, 2020 /CNW/ - Outcrop Gold Corp. (TSXV: OCG) (OTCPK: MRDD.F) (DE: MRG1) ("Outcrop") is pleased to provide an update on drilling and targe
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":" VANCOUVER, BC, Aug. 26, 2020 /CNW/ - Outcrop Gold Corp. (TSXV: OCG) (OTCPK: MRDD.F) (DE: MRG1) (\"Outcrop\") is pleased to provide an update on drilling and target advancement on its 100% owned Santa Ana project in north Tolima, Colombia. Outcrop is mobilizing a second drill rig with a start planned by September 8th. Drilling in Megapozo to date totals 1,210 metres in ten core holes with an eleventh hole in progress. Highlights Megapozo drilling successful in reaching thicker unmined massive sulfide veins and sulfidic hydrothermal breccia at depth with assays pending on five holes. One-hundred percent success rate of targets providing three high-grade shoots to date. Desktop calculation for Roberto Tovar indicates straight-line dilution of a three vein package including intervening wall rock provides up to 18 metres at 450 equivalent g Ag/t. Outcrop was successful in drilling below numerous workings at the Megapozo target by drilling below the surveyed depths of a historic production shaft. It appears that there are no workings below the bottom of the shaft at 108 metres, and unmined vein packages are preserved in current drilling. Shallow drilling in Megapozo cut narrow residual unmined veins up to 1.0 metre-wide but also historic workings from 1.1 to 3.5 metres in intercept widths. Current drilling has intercepted numerous veins up to 2.7 metres wide with assays pending for five holes. Core photos 1-4 illustrate textures and strong sulfides within these veins. At Megapozo, drilling will follow the Paraiso veins for an additional distance of 300 metres to the southeast to test the intersection of the northwest low-angle Paraiso veins with the north-south and high-angle Santa Ana veins. If the Santa Ana veins are intercepted at the southeastern projection of the Paraiso veins, then drilling will verge south onto a new target, Roberto Tovar North. A second drill rig will test the El Dorado target which is ready to drill and well supported by anomalous soils and five follow up trenches that define an inferred high-grade shoot over 200 metres at surface. El Dorado provides the same target footprint as the La Ivana discovery located 500 metres to the east. The El Dorado trenches as previously reported, show ten samples greater than 1.0 g Au/t. These samples range from 1.44 to 180 g Au/t with an ...