Business
Outcrop Gold Discovers New High Grade Vein System Including Drilling 1.0 Metre of 21 Grams Gold per Tonne and 4,608 Grams Silver per Tonne at Santa Ana
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2020) - Outcrop Gold Corp. ( TSX...
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":"Outcrop Gold Discovers New High Grade Vein System Including Drilling 1.0 Metre of 21 Grams Gold per Tonne and 4,608 Grams Silver per Tonne at Santa AnaVancouver, British Columbia--(Newsfile Corp. - February 18, 2020) - Outcrop Gold Corp. (TSXV: OCG) (\"Outcrop\") is pleased to announce the discovery of a new high grade gold and silver vein system, La Ivana, on its 100% owned Santa Ana Project in Tolima, Colombia. La Ivana has never before been drilled and each of the first four holes has intercepted significant mineralization, with highlights including:DH03 - 0.5 metre of 58.1 grams gold per tonne and 876 grams silver per tonneDH03 - 0.5 metre of 5.8 grams gold per tonne and 1,445 grams silver per tonneDH04 - 1.0 metre of 21.3 grams gold per tonne and 4,680 grams silver per tonne \"When you consider the steady decline of grades in the world's twelve largest primary silver mines to an average of approximately 300 g Ag/t - the grades from the current and historic drilling on the Santa Ana project are notable,\" commented Joseph Hebert, Chief Executive Officer. \"Our challenge now is to identify the most robust parts of the Santa Ana vein system - we look forward to announcing more drill results as they are received. There are numerous vein zones to be tested on the project.\"Ten drill holes have been completed for a total of 1,050 m and drilling continues - targeting high-grade veins discovered in outcrop and adits at the La Ivana target. Each of the drill holes intersected multiple veins with intercepts up to one metre. The veins are variably mineralized with both banded and massive pyrite, galena and sphalerite and show epithermal textures. The current program has returned the highest grades in drilling to date on the project. All four reported core drill holes have significant values with results summarized in the table below.Hole IDFrom (m)To (m)Width (m)g Au/tg Ag/tg Eq Au/tg Eq Ag/tVeinSALP19DH0164.665.00.410.811512.11,063La PorfiaSALP19DH0240.040.30.322.55223.12,027La MantaSALP19DH0348.949.40.558.187668.15,976La PorfiaSALP19DH0380.781.20.55.81,44522.31,957La PorfiaSALP20DH0422.923.91.021.34,68074.66,550La PorfiaSALP20DH0446.046.80.82.42605.3467La Porfia Silver equivalent and gold equivalent values are calculated using metal prices of $1,580/oz for gold and $18/oz for silver, using total contained gold. Silver to gold e...