In a news release, Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCPK; MRG1:DB) announced "additional assay results from the El Dorado target on its 100% owned Santa Ana project in north Tolima, Colombia."
Outcrop Gold reported that the El Dorado target assay results returned 1.2 meters of 20.3 g/t gold or 1,486 g/t silver equivalent. The company noted that "additional mineralized holes have expanded El Dorado, drilled significant results in the Paraiso vein and extended La Ivana shoot down dip."
The company stated that drilling data demonstrates that El Dorado is composed of four or more parallel, closely spaced high-angle veins that remain open to expansion. The firm noted that the adjacent low angle Paraiso vein may prove to be a sixth high-grade discovery when it is delineated by further drilling. Outcrop stated that the Paraiso vein continues 600 meters northeastward where it hosts the Megapozo discovery.
The company's President and CEO Joe Hebert commented, "Exploration success at Santa Ana continues to show numerous shoots with good internal grade distribution and physical continuity...Open strike and especially depth extensions to mineralization could potentially double the size of the existing shoots. More drilling is required to resolve whether Paraiso is another significant high-grade shoot between El Dorado and Megapozo."
"An additional high-grade intercept in the northern Paraiso, along with the recently discovered and blind San Juan shoot suggest that Santa Ana is a very target-rich environment, composed of a complex intersecting vein system with high shoot density," Hebert added.
The company indicated that it is also advancing drill targets that are ready to drill at San Antonio, north and south Morales and Palomos. The firm said that it will proceed with this successive drill testing after El Dorado, Roberto Tovar and San Juan are delineated and their open extensions are closed off.
The company noted that the Santa Ana project covers greater than 25,000 hectares and consists of five regional scale parallel vein systems across a 12 km wide, 30 km long trend. The firm indicated that at the core Santa Ana target at least 12 principal vein zones are recognized that together provide up to 14 km of cumulative strike length and that these veins often show both high-grade silver and high-grade gold mineralization. The company advised that drilling results indicate that mineralization extends from surface or near surface to depths of 450 meters or more.
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