Business
Outcrop Gold Generates Additional Targets at Santa Ana Through Geophysics
VANCOUVER, BC, Jan. 26, 2021 /CNW/ - Outcrop Gold Corp. (TSXV:OCG, OTCPK:MRDD.F, DE:MRG1) ("Outcrop") is pleased to announce results from a ground geophysical p
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":" VANCOUVER, BC, Jan. 26, 2021 /CNW/ - Outcrop Gold Corp. (TSXV:OCG, OTCPK:MRDD.F, DE:MRG1) (\"Outcrop\") is pleased to announce results from a ground geophysical program on its 100% owned Santa Ana project in north Tolima. Outcrop is also commencing a large airborne geophysical survey along a 36 km northeast mineralized trend between the Santa Ana and El Porvenir mines with a flight line width of 10 kilometres. Highlights Ground geophysical lineaments that correlate with soil geochem identify eight new near-term targets. Both vein zones and their larger related alteration zones are inferred from the ground survey. An airborne magnetics-radiometrics-lidar survey will be used to generate targets within a 36 kilometre by 10 kilometre area. If the results are encouraging, an equal size area will be added mid-year. Outcrop believes the airborne survey will substantiate a world-class silver-gold system by generating numerous targets along a 36 kilometre trend to advance to drilling. Preliminary inspection of historic mines outside of the Santa Ana title has been carried out by Outcrop geologists who have identified some highly promising walk-up drill targets. Click here to watch President and CEO Joe Hebert provide a video summary of today's news. \"Outcrop is excited with the results from its ground geophysics on Santa Ana\", comments Joe Hebert President and CEO of Outcrop. \"Considering our one hundred percent success rate on all tested targets producing large high-grade shoots, we are confident that some of these targets will deliver new shoots. In exploration, the adage that \"structure is everything\" is true, and with gradient array IP/Resistivity we have enhanced our ability to map vein structures and correlate them with other soils and trench anomalies to generate multiple new targets.\" The objective of the ground and airborne surveys is to systematically generate a continuous flow of targets resulting in the discovery of high-grade shoots. The geophysical anomalies correlate well with the extensions of known vein structures and with large silver and gold anomalies in soils. A preliminary interpretation of ground geophysics indicates eight additional targets to advance to drilling in 2021. The ground survey consisted of gradient-array induced polarization and resistivity. Gradient array surveys wit...