Precious metals explorer and hybrid prospect generator Outcrop Gold Corp. (OCG:TSX.V; OCGSF:OTCQX; MRG1:FSE), in a news release announced "the results of five holes from continuing delineation drilling in La Ivana and an update on exploration drilling on its 100% owned Santa Ana project in north Tolima, Colombia."
The company highlighted that drilling at La Ivana returned extraordinary results and indicated that Drill Hole SALP21DH110 intersected 0.7 m of 117.5 g/t Au eq. or 8,584 g/t Ag eq. A second hole, Drill Hole SALP21DH101, intercepted 1.0 m of 37.4 g/t Au eq. or 2,731 g/t Ag eq.
The firm stated that the high-grade area of mineralization at La Ivana remains open along strike and depth and that it is continuing with greenfield exploration work since less than 25% of the mapped or inferred vein traces have been tested to date.
Outcrop Gold's President and CEO Joe Hebert remarked, "Three of five recent delineation holes at La Ivana returned values greater than 2 kilograms silver equivalent per tonne including a remarkable value of 8.6-kilogram silver equivalent per tonne...These values are of significance considering that the average grade of the world's twelve largest silver mines has fallen to 300 grams silver equivalent per tonne."
The firm noted that preliminary drill work conducted at its Culebra, El Gordo, Palomo and Prias greenfield targets has successfully indentified vein structures and local epithermal veins with large amounts of anomalous mineralization.
The company noted that in areas where veins and fault-veins are well defined it will start drilling fans on panels about 135 m apart. Historic drilling in the area has shown that one to two high-grade shoots were found across each 800 m stretch of the veins and the firm hopes its drilling strategy will enhance new shoot discovery.
Outcrop Gold indicated that the Santa Ana project, which is located in northern Tolima Department, Colombia, covers more than 28,000 ha and consists of 5 regional scale parallel vein systems over a 12 km wide, 30 km long trend. The firm stated that the Santa Ana project encompasses a significant portion of the Mariquita District which historically has been the highest-grade primary silver district in Colombia.
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