In a news release, Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCPK; MRG1:DB) announced "assay results from drilling on its 100% owned Santa Ana project in north Tolima, Colombia." The company noted that it is continuing with drilling operations at both its Roberto Tovar and El Dorado targets, which are located 1.5 km apart in separate sub-parallel vein systems.
The firm reported some of the highlights of assay results received from recent drilling and noted that at Roberto Tovar, where drilling continues to test open high-grade at depth, it intersected 3.52 meters of 785 g/t Ag eq, which included one segment of 0.47 meters of 4.739 g/t Ag eq. The firm also noted an additional section where it recorded 1.53 meters of 1,408 g/t Ag eq. The company stated that these holes are the deepest it has drilled to date on Roberto Tovar, which indicate that mineralization extends to at least 300 meters down-dip.
Outcrop Gold noted that assay results at La Ivana demonstrate that quartz-sulfide veins extend 450 meters from surface, which was 240 meters deeper than previously drilled vein intercepts. The firm advised that it has not yet received the assay data for this drill hole, but it believes that this work suggests strong potential for significantly increasing the depth and extent of high-grade shoots at the Santa Ana project.
Outcrop Gold's CEO Joe Hebert commented, "Outcrop continues to be impressed with the exceptional size and grade continuity of the three high-grade shoots discovered to date on Santa Ana...All three high-grade shoots are open in two or more directions and show vein and grade continuity well below 300 meters down dip for both low and high-angle veins and remain open at depth."
The firm stated that it has now completed a total of 7,400 meters of drilling in 51 drill holes. The company is presently continuing drilling work at both El Dorado and Roberto Tovar and advised that assays are still pending for holes 47 thru 51. Outcrop noted that another 4,600 meters of exploration drilling is scheduled in this phase of its drill program that it expects to complete in early Q1/21.
The company explained that the Santa Ana project is located approximately 190 km from Bogota in northern Tolima Department, Colombia. The property covers greater than 25,000 hectares and contains five regional scale parallel vein systems that stretch across a 12 km wide, 30 km long trend. The project is situated in Colombia's highest-grade primary silver Mariquita District.
The firm pointed out that at the core Santa Ana target at least 11 principal vein zones are recognized that cumulatively provide up to 14 km of cumulative strike length and that these veins often show both high-grade silver and high-grade gold mineralization from surface or near surface to depths of at least 300 to 450 meters.
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