Business
Outcrop Silver & Gold Provides Update on Progress and Key Objectives for Santa Ana
VANCOUVER, BC, Oct. 13, 2021 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) ("Outcrop") is pleased to provide an update on the
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":" VANCOUVER, BC, Oct. 13, 2021 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) (\"Outcrop\") is pleased to provide an update on the progress at the Santa Ana Project in Tolima, Colombia. Outcrop has drilled a total of 178 holes for 28,285 metres resulting in the discovery of seven high-grade shoots. The objective of ongoing drilling is to define existing shoots laterally and at depth, and to make several new shoot discoveries. Four new target areas are expected to be drilled as drill permits are received and support from the local community is established. Highlights: Seven high-grade shoots discovered to date, and all remain open laterally and at depth. 18,000 meters of diamond drilling underway to expand the seven known shoots and explore five greenfield targets with potential of delivering additional high-grade shoots. Preliminary 3D grade modelling provides a combined potential resource area that is 1,840 metres long by 300 metres projected depth. The resource area is open along strike and at depth. Definition drilling will be conducted at Megapozo and Ivana in Q4 2021 and San Antonio, Roberto Tovar and San Juan in Q1 2022 to expand these shoots. Step out drilling of fences on 75 metre intervals will be conducted in Q4 2021 along strike of the Santa Ana vein system north of San Juan to explore for additional high-grade shoots. To date shoots in the Santa Ana system occur on 400 to 500 metres spacing. Preparing El Dorado, Espiritu Santo and Las Maras targets for drilling with a second drill-rig in Q1 2022. Preliminary metallurgical testing is planned. \"The common occurrence of high-grade silver and gold in veins and vein float with multiple vein and shoot orientations provides strong evidence of an extensive and robust hydrothermal system at Santa Ana,\" commented Jesus Velador, Vice President of Exploration. \"This merits detailed structural and geochemical interpretation along with a well-planned drilling program to maximize our chances of finding additional high-grade shoots. We look forward to uncovering the larger scale potential of the project with well-targeted drilling.\" Joseph Hebert, Chief Executive Officer added \"After observing robust and continuous high-grade contours in preliminary block-modeling of seven shoots, we are excited to see significant potential resource are...