Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: OCG; MRDDF; MRG1

Explorer Discovers Fifth High-Grade Shoot at Colombia Project
News Update

Share on Stocktwits

Source:

The new San Juan shoot at Outcrop Gold's Santa Ana project returns 0.56 meters of 3,572 g/t silver equivalent.

Outcrop Gold Santa Ana

Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCPK; MRG1:DB) announced in a news release it discovered a fifth high-grade shoot, named San Juan, at its Santa Ana project in Colombia.

"Exploration at Santa Ana has been very efficient producing a high-grade shoot on average for every 2,100 metres of drilling. More importantly, San Juan represents a unique exploration opportunity being that it is a blind discovery made by drilling below shallow anomalous shears near an adjacent known shoot," CEO Joe Hebert said in the release. "Outcrop is working to develop geochemical and structural vectors to blind mineralization."

The highlight of the five San Juan discovery holes, SART20DH62, returned 1.79 meters (1.79m) of 1,329 grams per ton silver equivalent (1,329 g/t Ag eq), composed of 1,274 g/t silver and 0.63 g/t gold, including 0.56m of 3,572 g/t Ag eq, composed of 3,454 g/t silver and 1.28 g/t gold.

San Juan is located 150 meters north of Roberto Tovar, and these two shoots share a vein system, the company stated.

"Roberto Tovar and San Juan provide a favorable occurrence density of two large shoots within less than 600m of drill-tested vein," the release noted.

Drilling of San Juan has only been done in its southern margin, not in its central core, the company stated. "For an epithermal vein-system, the shoots at Santa Ana are exceptionally large, typically over 200 metres in length as a trace at surface and over 250 to 300 metres down-dip within the vein. All shoots are open at depth and most shoots are also open in at least one direction along their surface trace."

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Outcrop Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Outcrop Gold, a company mentioned in this article.





Want to read more about Gold and Silver investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe