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Outcrop Gold and Funding Partner Newmont Goldcorp to Resume Exploring the Buritica Trend on Lyra Project
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2019) - Outcrop Gold Corp. (TSXV:...
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":"Outcrop Gold and Funding Partner Newmont Goldcorp to Resume Exploring the Buritica Trend on Lyra ProjectVancouver, British Columbia--(Newsfile Corp. - November 27, 2019) - Outcrop Gold Corp. (TSXV: OCG) (\"Outcrop\" or the \"Company\") is pleased to announce that the Company and its funding partner Newmont Goldcorp will resume exploration on the Lyra Project after a lifting of a condition of Force Majeure related to security.Outcrop Gold believes that Lyra captures what the Company refers to as the \"Buritica Trend\" which is a 30km extension of the Tonusco Fault system that bisects the primary Buritica vein system and continues to the south to ANZA. The Company thinks that the Tonusco Fault is the source of the gold and base metal-bearing fluids that formed the Buritica veins in second order dilational zones that spay off the Tonusco. Figure 1: Outcrop Gold applications between Buritica and ANZA with stream sediment anomalies comparable to those discoveries.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6343/50193_893904829463686b_001full.jpgLyra provides a large strategically located piece of ground between Continental Gold's Buritica and Orosur Mining's ANZA projects. Newmont made a large strategic investment in Continental Gold and actively funds ANZA exploration under an agreement with Orosur Mining. The Company believes that Lyra provides Newmont Goldcorp and Outcrop a strategically important gold trend to explore. Outcrop Gold CEO Joseph Hebert remarks: \"Outcrop Gold is happy to partner with Newmont Goldcorp on the deliberate strategy Newmont Goldcorp has used effectively around the world - where a first a world-class discovery (Buritica) is made, and then followed up by a Newmont Goldcorp capture of the discovery-related mineral trend (Lyra), and then potentially another similar discovery . Also, Newmont Goldcorp BLEG sampling efficiency in identifying prospective ground is probably is probably without equal in any other company. This is truly a case where a junior company benefits from the expertise in a larger partner, a benefit of the Prospect Generator business model.\"The Lyra Project has a high potential to host high-grade Carbonate Base Metal Gold (CBM(Au)) vein systems like Buritica. Existing stream sediment anomalies on Lyra resemble stream sediment anomalies associa...