Sunday, June 1, 2025

Latest

Outcrop Gold Begins 12,000 Metre Drill Program At Santa Ana

Outcrop Gold Corp (TSXV: OCG) this morning announced that it will be undertaking a 12,000 metre, third phase drill program at its flagship Santa Ana property, which has now commenced. The program follows the now-completed second phase program, which currently has assay results pending.

The drill program is set to focus on delineating five discovered shoots along strike and at depth, while also drill testing several greenfield targets. The company is currently looking to discover between five and seen new high grade shoots on the property.

In terms of greenfield discoveries, the company is currently drilling what is referred to as the San Antonio target, which is believed to be possible continuation of the Roberto Tovar shoot. Also being tested is the Palomos East target, which has seen sampling return values as high as 2.5 g/t gold and 713 g/t silver. Also targeted are Culebra and El Gordo.

Targets for drilling have reportedly been prioritized on a scale ranging from less advanced to those will good definition. Megapozo, La Ivana, and Roberto Tovar currently sit at the top of the firms priority, having passed first-pass drill definition. Three targets meanwhile have had discovery holes conducted, seven have had no drilling yet considered high priority, and a further fifteen are of preliminary interest.

Targets are ranked based on prospectivity and the potential for high-grade shoots, which is based on data compiled for the property. The company is currently targeting for ten to twelve defined shoots in total for the 2021 season, after which the company is to move towards potential resource definition.

Outcrop Gold last traded at $0.41 on the TSX Venture.


Information for this briefing was found via Sedar and Outcrop Gold Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Silver Spruce Enters LOI For 50% Stake In Sonora Gold Project

Silver Spruce Resources (TSXV: SSE) has entered a letter of intent as of this morning...

Thursday, October 15, 2020, 09:27:22 AM

Canagold Resources Intersects 30.8 G/T Gold Over 3.0 Metres At New Polaris Project

Canagold Resources Ltd. (TSX: CCM) announced today the results from three additional drill holes out...

Tuesday, July 27, 2021, 09:22:00 AM

Skeena Resources Uplists to Toronto Stock Exchange

Skeena Resources (TSXV: SKE) is going big time. The BC-based miner this morning announced that...

Thursday, August 20, 2020, 08:49:20 AM

New Found Gold Files To List On The NYSE

In a world filled with no-commission brokerage firms such as Robinhood, it appears everyone wants...

Monday, February 1, 2021, 08:25:05 AM

AUX Resources Reports Several High Grade Sample Assays At Independence, Silver Crown Properties

AUX Resources (TSXV: AUX) this morning released further results from the exploration programs conducted in...

Monday, March 8, 2021, 08:15:44 AM