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Outcrop Silver & Gold Corp V.OCG

Alternate Symbol(s):  OCGSF

Outcrop Silver & Gold Corporation is a Canada-based company focused on exploring precious metals in Colombia. The Company is advancing the Santa Ana high-grade silver deposit with ongoing expansion drilling. The Company is also progressing exploration on three gold projects in Colombia. The 100% owned Santa Ana project comprises over 27,697 hectares (ha), 6,475 ha titled in the northern Tolima Department. The project is located approximately 15 kilometers (km) southeast of the town of Mariquita and 190 km from Bogota. Its Mallama project comprises approximately 9,036 ha of titles located in Narino Department. The property covers a large portion of the Piedrancha district and hosts more than thirty-five mapped and projected epithermal veins. Its Oribella project comprises about 20,000 ha and is located in Antioquia Department within the Middle Cauca Belt metallogenic province. Its Argelia project comprises approximately 4,355 ha of applications located in Antioquia Department.


TSXV:OCG - Post by User

Post by inseon May 10, 2021 2:05pm
276 Views
Post# 33166137

Exceptional drill results

Exceptional drill results

Outcrop Drills 0.7 Metres of 8,584 Grams Silver Equivalent Per Tonne And 1.0 Metre of 2,731 Grams Silver Equivalent Per Tonne


VANCOUVER, BC May 10, 2021 /CNW/ - Outcrop Gold Corp. (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) (" Outcrop ") is pleased to announce 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 .

Highlights

  • 0.7 metres of 117.5 grams gold equivalent per tonne or 8,584 grams silver equivalent per tonne.
  • 1.0 metres of 37.4 grams gold equivalent per tonne or 2,731 grams silver equivalent per tonne.
  • La Ivana high-grade mineralization remains open along strike and depth.
  • Greenfield exploration progresses with less than 25% of the mapped or inferred vein traces tested.

"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," comments Joseph Hebert , Chief Executive Officer. "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."



Market liking today's news as evidenced by the trading so far...


$0.355 +0.055 | 18.33%Bid: 0.355 x 500Ask: 0.36 x 19000Volume: 1,633,777
CADTSX VENTURE EXCHANGEDELAYED PRICEMAY 10, 2021 1:22 PMEDT



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