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Outcrop Gold Corp.

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Summary

Project:

Santa Ana

Deposit:La Ivana
Location:Colombia
Commodities:Gold-Silver
Date:3/2/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:2-3-2020: Outcrop Gold Corp. announces an Exploration/Drilling Update report for its La Ivana deposit at the Santa Ana project. Drilling results incl. 0.98m @ 21.3g/t Au, 4,680g/t Ag from 22.92m. Vancouver, British Columbia--(Newsfile Corp. - March 2, 202
Resources:x
CP/QP:[Overall Report]: Joseph P. Herbert (Internal)
ABSTRACT:Vancouver, British Columbia--(Newsfile Corp. - March 2, 2020) - Outcrop Gold Corp. (TSXV: OCG) ("Outcrop") is pleased to announce further drilling results on its 100% owned Santa Ana Project in north Tolima, Colombia from an additional five holes in the Porfia vein of the Ivana vein system. Eight of nine holes reported have provided significant high grade mineralization. Most recent highlights include For the nine holes reported to date the average downhole intercept length is 0.52 m with a weighted average grade of 21.7 g Au/t and 1,329 g Ag/t. The weighted average for equivalent gold is 36.9 g Eq Au/t and the weighted average for equivalent silver is 3,224 Eq Ag/t. Workings from 0.6m to over 1m were intersected frequently within the drill-pattern. This indicates that there are more stacked veins present than were intersected by drilling - and that likely some of the higher-grade and thicker segments of the vein were mined in the Spanish colonial period or after. For the most part these workings are excavated by hand and are not of great extent, shallow, and highly-selective to richer areas

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