Outcrop Gold Corp. (OCG:TSX.V; OCGSF:OTCPK; MRG1:DE) began a third phase of drilling at its Santa Ana silver property in Colombia, the company announced in a news release.
With the planned 12,000 meters of drilling, the explorer stated that it aims to delineate five known shoots along strike and at depth. They are La Ivana, Megapozo, Roberto Tovar, El Dorado and San Juan. Outcrop also noted that it hopes to discover five to seven new, high-grade shoots by systematically drill testing multiple greenfield targets.
"Outcrop is proud of our dedicated team advancing the Santa Ana project in Colombia. The team is working tirelessly to build on the knowledge gained from the five high-grade shoots discovered to build better system and exploration models," CEO Joe Hebert said in the release. "Target ranking through the compilation of multiple datasets brings clarity to the company’s strategic plan to establish Santa Ana as a world-class silver district."
The company noted that "discovery holes to date include: La Ivana: 1.00 meter of 21.3 g Au/t and 4,608 g Ag/t; Megapozo: 0.95 meters of 69.6 g Au/t and 1,495 g Ag/t; Roberto Tovar: 3.04 meters of 3.7 g Au/t and 636 g Ag/t; El Dorado: 1.20 meters of 4.7 g Au/t and 1,127 g Ag/t; and San Juan: 1.79 meters of 0.6 g Au/t and 1,274 g Ag/t."
Drill results from the company's phase 2 drill program are pending.
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