Business
Outcrop Gold Provides Corporate Activity Update Relating to COVID-19
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2020) - Outcrop Gold Corp. ( TSXV: O...
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":"Outcrop Gold Provides Corporate Activity Update Relating to COVID-19Vancouver, British Columbia--(Newsfile Corp. - April 7, 2020) - Outcrop Gold Corp. (TSXV: OCG) (\"Outcrop\") advises that the planned Phase 2 drilling campaign on the 100% owned Santa Ana Project in North Tolima, Colombia, has been temporarily delayed due to the Colombian government decision to restrict travel within Colombia during the current COVID-19 crisis. Currently travel restrictions are in place until April 13, 2020 - but may be extended. All Outcrop employees and contractors are working at home. Outcrop in consultation with and as advised by the municipality of Falan, is providing basic food items and contributing to a local COVID-19 general response fund managed by officials in Falan. \"It is important that we all do our part to help contain the spread of the COVID-19 virus and help local communities where we can\", commented Joseph Hebert, Chief Executive Officer.Outcrop plans to drill approximately 120 holes for a total of 13,000 metres in the Phase 2 drilling campaign. The La Ivana ore-shoot discovered in Phase 1 will be delineated at depth and along strike. Subsequently an additional 8km of vein strike will be tested with widely spaced holes (including the El Dorado, Megapozo and Roberto Tovar vein zones). Outcrop continues to closely monitor the situation and once the travel ban has been lifted the drilling program will recommence immediately.During Phase 1 the Company discovered a new high-grade gold and silver vein system, at La Ivana (News Release dated March 2, 2020). La Ivana had never been drilled before and for the nine holes reported in that Phase 1 the average downhole intercept length is 0.52 m with a weighted average grade of 21.7 g Au/t and 1,329 g Ag/t. The weighted average for equivalent gold is 36.9 g Eq Au/t and the weighted average for equivalent silver is 3,224 Eq Ag/t. With highlights including:1.0 metre of 21.3 grams gold per tonne and 4,680 grams silver per tonne0.50 metre of 58.1 grams gold per tonne and 876 grams silver per tonne0.50 metre of 5.8 grams gold per tonne and 1,445 grams silver per tonne0.61 metre of 29.0 grams gold per tonne and 1,675 grams silver per tonne 0.58 metre of 36.2 grams gold per tonne and 325 grams silver per tonne 0.85 metre of 21.4 grams gold per tonne and 373 grams silver per tonne Phase 1 drillin...