Prospect Generator Starts Phase 3 Drill Program at Colombia Silver Property

This third campaign at Outcrop Gold's Santa Ana calls for 12,000 meters of drilling.

Outcrop Gold Corp. (OCG:TSX.V; OCGSF:OTCPK; MRG1:DE) began a third phase of drilling at its Santa Ana silver property in Colombia, the company announced in a news release.

With the planned 12,000 meters of drilling, the explorer stated that it aims to delineate five known shoots along strike and at depth. They are La Ivana, Megapozo, Roberto Tovar, El Dorado and San Juan. Outcrop also noted that it hopes to discover five to seven new, high-grade shoots by systematically drill testing multiple greenfield targets.

"Outcrop is proud of our dedicated team advancing the Santa Ana project in Colombia. The team is working tirelessly to build on the knowledge gained from the five high-grade shoots discovered to build better system and exploration models," CEO Joe Hebert said in the release. "Target ranking through the compilation of multiple datasets brings clarity to the company's strategic plan to establish Santa Ana as a world-class silver district."

The company noted that "discovery holes to date include: La Ivana: 1.00 meter of 21.3 g Au/t and 4,608 g Ag/t; Megapozo: 0.95 meters of 69.6 g Au/t and 1,495 g Ag/t; Roberto Tovar: 3.04 meters of 3.7 g Au/t and 636 g Ag/t; El Dorado: 1.20 meters of 4.7 g Au/t and 1,127 g Ag/t; and San Juan: 1.79 meters of 0.6 g Au/t and 1,274 g Ag/t."

Drill results from the company's phase 2 drill program are pending.

Read what other experts are saying about:

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Outcrop Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Outcrop Gold, a company mentioned in this article.