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Outcrop Silver & Gold Corp V.OCG

Alternate Symbol(s):  OCGSF

Outcrop Silver & Gold Corporation is a Canada-based explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. The 100% owned Santa Ana project comprises 27,000 hectares, 190 kilometers from Bogota, Colombia. Santa Ana consists of regional scale parallel vein systems across a trend 12 kilometers wide and 30 kilometers long covering a majority of the Mariquita District. Its Mallama project comprises 9,036 hectares of titles located in Narino Department. The Oribella project comprises 20,000 hectares and is located in Antioquia Department within the Middle Cauca Belt metallogenic province. The Oribella Gold Project lithology includes oceanic domains of deep-water pelagic and turbidite-laminated sediments, and submarine tuffs tectonically juxtaposed against basaltic volcanic rocks. The Argelia project comprises 4,355 hectares of applications located in Antioquia Department. It is located approximately 75 kilometers southeast of Medellin.


TSXV:OCG - Post by User

Post by 1StockInformeron Nov 12, 2024 7:09pm
44 Views
Post# 36309221

TODAY: OCG Gives Update on Regional Exploration Program

TODAY: OCG Gives Update on Regional Exploration Program

Today, Outcrop Silver & Gold Corp. (Ticker: OCG.v or OCGSF for U.S. investors) provided an update on its regional exploration program at its flagship Santa Ana project in Colombia, signaling significant strides in resource development

The project, known for its high-grade potential, features a fully permitted 17km mineralized vein corridor aimed at enhancing Outcrop Silver's resource base.

r/Wallstreetbetsnew - UPDATE TODAY: Regional Exploration at Outcrop Silver's (OCG.v OCGSF) Santa Ana Project Shows Resource Growth Potential Along 17km Permitted Vein Corridor; OCG aims for Near-Term Expansion w/ Assays up to 1,737 g/t Silver & 53.92 g/t Gold

Key Highlights from Recent Exploration:

  • Target Generation Progress:

    • The regional program continues to identify and develop drill-ready targets, aligning with Outcrop Silver's strategy to expand the project's mineral resources.

    • Three targets—Aguilar, Jimenez, and La Ye—have been confirmed through drilling to date, while others such as Los Mangos, La Rica, Frias, and Morena are ready for initial drilling.

  • Los Mangos Vein: 

    • At the El 20 historic mine workings, mapping and channel sampling identified a mineralized quartz vein with consistent high-grade silver results. 

    • Assays returned up to 1,737 grams per tonne of silver over 1.60m within a 30m section. Drilling at this promising target is planned to commence soon.

  • La Rica Success: 

    • Exploration at La Rica revealed substantial gold grades, with channel samples yielding up to 15.59 grams per tonne and chip samples from float boulders reaching 53.92 grams per tonne. 

    • This reinforces La Rica's potential for both gold and silver.

    • The La Rica vein system has been extended for nearly 600m, showing consistent float occurrences and parallel shallow-dipping veins hosted by granodioritic intrusion.

Strategic Context and Future Steps:

Outcrop Silver's exploration team has advanced its geological mapping, supporting comprehensive assessments and improving the precision of future drilling campaigns. 

The exploration approach incorporates geophysical data, regional geochemical surveys, and historical mining insights to refine target selection. The process includes soil geochemical surveys and trenching campaigns to confirm vein traces over a minimum length of 250 metres, enhancing the company’s exploration success rate.

With ongoing mapping and sampling across various targets like Los Mangos and La Rica, Outcrop Silver positions itself to elevate the Santa Ana project, aspiring to establish it as a globally significant high-grade silver project.

Full news here: https://outcropsilver.com/news/outcrop-silver-provides-an-update-on-its-regional-exploration-program-at-santa-ana/

Posted on behalf of Outcrop Silver & Gold Corp.

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