Business
Outcrop Gold Drills Multiple Veins on Santa Ana
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2019) - Outcrop Gold Corp. ( TSX...
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":"Outcrop Gold Drills Multiple Veins on Santa AnaVancouver, British Columbia--(Newsfile Corp. - December 18, 2019) - Outcrop Gold Corp. (TSXV: OCG) (\"Outcrop\" or the \"Company\") is pleased to provide an update on due diligence drilling on its Santa Ana project.The Santa Ana acquisition was approved by 97% of Outcrop shareholders at its AGM on Tuesday, December 17, 2019. The acquisition is now subject only to TSXV approval. Outcrop will finish this due diligence drill-hole and will continue to drill after the holidays subject to TSXV approval.This first core hole is a success. The core hole (SALP19DH01) defines a package of multiple veins that extend from La Porfia Mine - a mine recorded from the Spanish Colonial era. Local dark-grey sulfide banding in the intercepted veins are probably silver and gold bearing- because they are similar to the thigh-grade veins that Outcrop sampled while advancing the La Porfia within the greater La Ivana target area. The veins were hit where expected in the hole - the Company now has a good understanding of the La Porfia and nearby parallel vein system. Four distinct veins were intercepted with drilled lengths of 0.2m, 1.17m, 0.34m and 1.17m, between 53.35m and 94.35m down hole. The host rock is amphibolite and schist -the veins show epithermal crustiform texture with gray symmetrical probable silver sulfide and silver sulfosalt, with clots, veinlets and stringers of pyrite, galena and sphalerite. The veins are inferred and locally mapped as high angle, but this will be confirmed by future fan drilling. SALP19DH01 will be continued to its planned depth of 120m. Planned drill-hole locations are shown in Map 1. More veins are expected to be intercepted in this hole before it is terminated.About the vein intercepts:La Manta Vein: From: 53.35 to: 53.55; intercept thickness 0.2 mBands of white to semi-translucent quartz including drusy quartz interspersed with altered schist. Up to 4% pyrite in disseminations and veinlets within the quartz vein.La Porfia Highwall Vein: From: 64.4 to 65.57; intercept thickness 1.17 mBanded dark sulfides including pyrite, galena and sphalerite; up to 10% sulfides, interspersed with strongly altered schist with up to 5% disseminated pyrite.La Porfia Vein: From: 83.56 to: 83.90; intercept thickness 0.34 mWhite to semi-translucent quartz with intercalculated strongly alte...