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Outcrop Silver & Gold Corp. Updates 3D Geologic and Grade Models and Discusses the Historic Frias Mine as Analogue for Shoots at Santa Ana
VANCOUVER, BC, Nov. 15, 2021 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) ("Outcrop") is pleased to announce refinements to t
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":" VANCOUVER, BC, Nov. 15, 2021 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) (\"Outcrop\") is pleased to announce refinements to the 3D geologic and grade models which have improved grade continuity in locally expanded shoots and identified important vein splays at the Santa Ana project located in Tolima, Colombia. The previous recognition and modelling of continuous vein splays enabled Outcrop to successfully determine that La Ivana represented an upper and lower shoot for two shoots of comparable size. Outcrop has also staked key claims that either cover extensions of known veins or infill open parcels within the project. Highlights Ongoing 3D geologic modelling supports grade-shoot continuity and suggests potential vein splays or parallel veins that could support additional shoots that are offset from nearby drilled shoots. Over the last eighteen months 8,000 hectares of new claims were added to the land package, representing a 29% increase of Outcrop's footprint in the prolific Mariquita district. Outcrop's Santa Ana Project now comprises 36,255 hectares. The 100% owned Frias Mine on the Santa Ana project provides a possible model analogue for the seven shoots discovered by Outcrop to date. The Frias Mine produced 7.8 million ounces of silver at a recovered grade of 1.3 kg Ag/t within a shoot 240 metres wide and 440 metres long, with vein widths between 0.25 and 6 metres. The Frias Mine is twelve kilometres south of Outcrop's current drilling location in the Royal Santa Ana mine area. Joseph Hebert, Chief Executive Officer comments, \"The Frias Mine's recorded production and grades, vein widths, and detailed mine cross-section provides important insight into the potential silver endowment of the seven shoots discovered to date by Outcrop in the Royal Santa Ana mine area. In the first half of 2022, Outcrop plans to drill test three veins that comprise the Frias vein corridor. The twelve-kilometre vein corridor between the Royal Santa Ana mines and Frias, both with significant historic production, provides exceptional exploration potential.\" \"Recent refinements in geological modeling and a better understanding of the geologic controls in Santa Ana continue to help us to extend and define our potential resource areas,\" commented Jesus Velador, Vice President of Explor...