Outcrop Silver & Gold Corp.'s (OCG:TSX.V; OCGSF:OTCQX; MRG1:DE) newly found shoot "lends further support to a periodicity to emplacement, siting about 600 meters northwest of the Megapozo shoot," wrote Research Capital Corp. analyst Stuart McDougall.
Outcrop reported another impressive assay from the Ivana Upper shoot, 1,549 grams per ton (1,549 g/t) silver and 10.06 g/t gold over 0.77.
Together, the eight shoots discovered so far at Santa Ana extend for 1.8 kilometers in length and for up to 480 meters downplunge. They showed grades exceeding 4 kilograms per ton. All eight shoots remain open.
Currently, one rig is actively drilling at Santa Ana, in the El Dorado vein complex.
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DISCLOSURES MORNING Call, Outcrop Silver & Gold, Jan. 24, 2022
Outcrop Silver & Gold’s projects are exposed to a variety of business risks, including, but not limited to: development or operating issues, including and more specially, negative exploration results; changes in permitting, environmental or tax regulations; and fluctuations in commodity prices or currency rates. External financing requirements are also key risks, owing to the company’s status as an early-stage explorer and hence, lack of operating cash flows. There is no guarantee that the Company can successfully raise sufficient funds or attract a potential suitor to help finance future programs or support independent resource estimates, assuming available results would support such undertakings, let alone more advanced studies, such as a Preliminary Economic Assessment or Feasibility Study.
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