Intercepts 1.2 M Of 1,486 Grams Silver Equivalent Per Tonne In Colombia
New assay results have extended Outcrop Gold Corp.’s (TSXV: OCG) El Dorado target on its 100% owned Santa Ana project in north Tolima, Colombia.
The additional mineralised holes have expanded El Dorado, drilled significant results in the Paraiso vein and extended La Ivana shoot down dip. Four targets have been advanced for successive drill testing after El Dorado, Roberto Tovar and San Juan are delineated and their open extensions are closed off.
Highlights
- 1.2 metres of 20.3 grams gold equivalent per tonne or 1,486 grams silver equivalent silver per tonne intercepted.
- Drilling continues to show that El Dorado is a package of four or more parallel, closely spaced high-angle veins and remains open.
- The adjacent low angle Paraiso vein may provide a sixth high-grade discovery when delineated by further drilling. The Paraiso vein is continuous 600 metres to the northeast where it hosts the Megapozo discovery.
- Deeper Paraiso drill holes intercepted La Ivana and extended that shoot to 350 metres down dip where La Ivana remains open at depth.
- Four additional targets are ready to drill.
“Exploration success at Santa Ana continues to show numerous shoots with good internal grade distribution and physical continuity,” President and CEO, Joe Hebert, said.
“Open strike and especially depth extensions to mineralization could potentially double the size of the existing shoots. More drilling is required to resolve whether Paraiso is another significant high-grade shoot between El Dorado and Megapozo.
“An additional high-grade intercept in the northern Paraiso, along with the recently discovered and blind San Juan shoot suggest that Santa Ana is a very target-rich environment, composed of a complex intersecting vein system with high shoot density.”
The Paraiso vein outcrops 200 metres east of the high-angle El Dorado vein set and 400 metres west of the low-angle La Ivana shoot. The Paraiso vein is sub-parallel to La Ivana and the deeper Paraiso drill holes intercepted La Ivana at depth and extended La Ivana to over 350 metres down dip where it is still open. The Paraiso vein continues 600 metres southeast of El Dorado to where it hosts the Megapozo shoot. The 600 metres of untested Paraiso vein is very prospective for another discovery. Additional drill targets have been advanced including the San Antonio, the north and south Morales, and the Palomos.
The Santa Ana project comprises over 25,000 ha located in northern Tolima Department, Colombia, 190 km from Bogota. The project consists of five regional scale parallel vein systems across a trend 12 kilometres wide and 30 kilometres long.
The Santa Ana project covers a significant part of the Mariquita District where mining records date to at least 1585. The Mariquita District is the highest-grade primary silver district in Colombia, with historic silver grades reported to be among the highest in Latin America from dozens of mines.
