TSXV:OCG - Post Discussion
Post by
MarketMakerss on Nov 12, 2024 6:15pm
Regional Exploration Program Update
Regional Exploration Program Update at Outcrop Silver & Gold's (OCG.v OCGSF) Santa Ana Silver Project Today, Outcrop Silver & Gold (OCG.v OCGSF) provided an update on its regional exploration and target generation program at its Santa Ana Project, focusing on discoveries at the Los Mangos vein and La Rica prospect.
Notably, Santa Ana is one of the world’s highest-grade silver projects with an initial resource of 37 million ounces, and this program is intended to identify drill-ready targets to increase the company's Mineral Resource.
Key Developments
- Target generation program continues advancing targets for near-term drilling along 17km fully permitted mineralized vein corridor
- Los Mangos Vein: Mapping at the historic El 20 mine workings suggests a potential mineralized shoot in the Los Mangos vein, with promising assay results revealing mineralization along a 30-meter quartz vein, with silver grades up to 1,737 g/t across 1.6 meters. Los Mangos is the next priority for drilling.
- La Rica Prospect: Exploration at La Rica confirmed veins with high gold grades, returning up to 15.59 g/t in channel samples and 53.92 g/t in chip samples from float boulders.
Exploration Strategy
- Target Generation Program: This program aims to generate drill-ready targets within a 17-kilometer mineralized corridor, advancing multiple targets for potential resource expansion.
- Mapping and Sampling: Regional exploration includes detailed mapping and sampling of rock formations, with soil surveys and trenching where outcrops are limited. For drill planning, targets must meet minimum exploration criteria, such as a confirmed 250-meter vein trace and consistent assays above 300 g/t AgEq.
Confirmed and Planned Targets
- Confirmed Targets: Three targets—Aguilar, Jimenez, and La Ye—have been confirmed through drilling in 2024.
- Upcoming Drilling: Newly prepared targets, including Los Mangos, La Rica, Frias, and Morena, are scheduled for initial drilling following extensive mapping, rock sampling, and soil geochemical surveys.
Further, Guillermo Hernandez, Vice President of Exploration, emphasized the importance of geological data generated from recent exploration efforts, which enhances target definition and improves exploration success rates.
Full News Release:
https://outcropsilver.com/news/outcrop-silver-provides-an-update-on-its-regional-exploration-program-at-santa-ana/ Posted on Behalf of Outcrop Silver & Gold Corporation.
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