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Outcrop Gold Expands Megapozo with Multiple High-Grade Intercepts at the Santa Ana Project
VANCOUVER, BC, Oct. 14, 2020 /CNW/ - Outcrop Gold Corp. (TSXV: OCG) (OTCPK: MRDD.F) (DE:MRG1) ("Outcrop") is pleased to announce assay results from drilling on
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":" VANCOUVER, BC, Oct. 14, 2020 /CNW/ - Outcrop Gold Corp. (TSXV: OCG) (OTCPK: MRDD.F) (DE:MRG1) (\"Outcrop\") is pleased to announce assay results from drilling on its 100% owned Santa Ana project in north Tolima, Colombia. Drilling continues in the Megapozo and Roberto Tovar targets. Highlights 1.16 metres of 1,191 g eq Ag/t and 0.8 metres of 1,319 g eq Ag/t intercepted at Megapozo where drilling continues. Mineralization extends at least 300 metres along strike and 300 metres down-dip and is open in three directions and at depth. A second rig has commenced drilling the Roberto Tovar target. This target provides a previously identified high-grade shoot with historic drill results of up to 3.04 metres of 1,763 g eq Ag/t and 5.16 metres of 783 g eq Ag/t. Four holes have been drilled to date with assays pending. Historic workings and multiple pending assays extend the Roberto Tovar shoot at least 200 metres along strike and 190 metres down-dip. To date twenty holes totaling 2,956 metres have been drilled at Megapozo and 4 holes totaling 1,238 metres at Roberto Tovar. Including the previously drilled La Ivana target, drilling to date totals 6,483 metres in 48 holes. Assays are pending for an additional ten holes, and two holes are in progress. Two drill rigs are active and an additional 5,500 metres in the Phase 1 program will be drilled by the end of the year. After completing drilling in Megapozo and Roberto Tovar, the El Dorado and San Antonio target areas will be tested. A Phase 2 program is anticipated to follow commensurate with the advancement of new targets, including targets on the adjacent 24,000-hectare acquisition announced in July 2020. Table 1: Significant drill intercepts on the Megapozo target. 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 are not yet calculated. Megapozo drill holes 22 through 30 were previously reported and drill-holes 33-37 did not contain significant intercepts. SAMP20DH22 24.60 25.00 0.40 37.8 1,220 0.68 0.80 55.0 4,021 SAMP20DH29 88.40 89.35 0.95 69.6 5,550 2.53 3.15 147.6 10,784 SAMP20DH30 120.00 121.20 1.20 8.2 1,017 0.55 0.65 22.5 1,647 including 120.00 120.73 0.73 13.4 1,460 0.89 1.06 34.1 2,490 SAMP20DH31 117.65 118.45 0.80 7.2 719 1.1...