Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCMKTS; MRG1:FSE) announced in a news release the final results from its phase 2 drilling of the La Ivana target, now completed, at its Santa Ana project in Colombia.
Highlights intercepts of the final two holes included 0.37 meters (0.37m) of 14.15 grams per ton (14.15 g/t) gold and 361 g/t silver along with 0.39m of 10.95 g/t gold and 360 g/t silver.
Phase 2, the release noted, showed that high-grade mineralization at La Ivana remains open to the north, northwest and the southwest.
The company stated that overall, the 2,289m drilled in 20 holes at La Ivana defined a high-grade shoot, with multiple parallel veins, which is about 300m by 205m in size. The shoot is controlled by the intersection of the La Porfia and El Paraiso veins, which could help in identifying high-grade shoots down the line.
Now, the White Rock, Canada-based mining company is drilling the Megapozo target at Santa Ana, which sits 500 meters south of La Ivana. Sampling to date returned values as high as 11.75 g/t gold and 327 g/t silver in soils and 102 g/t gold and 637 g/t silver in trenches. The anomalies at Megapozo that are continuous over 30 to 70 meters suggest that it is made up of multiple parallel veins, the company stated.
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