IWA NOTE: Outcrop Gold released some stunning results today along with news of another strategic investment by Eric Sprott. This Colombian Silver and Gold company is a buy at this price level. OUTCROP INTERCEPTS 2.2 METRES OF 2,790 GRAMS SILVER EQUIVALENT AT SANTA ANA AND ADDS TWO HIGH-GRADE SHOOTS TO POTENTIAL RESOURCE
Outcrop Silver & Gold Corp. has added two additional shoots, La Abeja and La Isabela, for a total of 10 shoots in the potential resource area at Santa Ana. These were the first two targets drill tested in the newly drill permitted concessions. One drill rig is testing targets to the north and one to the south of the Santa Ana Mines where drilling to date has been concentrated. A third drill rig is being mobilized in March to infill drill known shoots to define the upcoming maiden resource. Highlights: Drilling in La Abeja shoot 300 metres north along the Dorado vein intercepted 2.2 metres of 2,790 grams equivalent silver per tonne and 1.2 metres of 1,362 grams equivalent silver per tonne. La Abeja is characterized by abundant native silver. Drilling in La Isabela shoot 2 kilometres to the southwest of the San Antonio shoot intercepted 1.22 metres of 609 grams equivalent silver per tonne and 0.49 metres of 1,350 grams equivalent silver per tonne. Adding La Abeja and Isabela, Santa Ana now comprises ten large, high-grade shoots. All shoots remain open along surface and at depth. Both new shoots will contribute to the potential resource area and are locally comprised of a package of two or more, parallel high-angle veins. Drilled silver-gold endowment within numerous vein zones has been expanded to a footprint covering 5 kilometres by 1.2 kilometres. Target generation is continuing south along 12 kilometres of untested vein zones to the 100% owned historic Frias Mine that produced 7.8 million ounces of silver. "Our focused drilling at Santa Ana continues to prove successful. A second rig on newly permitted concessions is resulting in the early definition of additional shoots," commented Jesus Velador, Vice President of Exploration. "With significant intercepts extending El Dorado to the north and identifying La Abeja 300 metres north from El Dorado, and the generation of numerous targets with high-grade at surface to the north and south of the core Santa Ana Mines, we believe numerous new shoots will likely be discovered and are likely to significantly expand the footprint on the Santa Ana Project discovery." "Outcrop continues to add to its inventory of high-grade shoots by generating and testing high-quality targets on our regional-scale property," adds Joseph Hebert, Chief Executive Officer. "Every shoot discovered expands the potential resource area which will be incorporated into a compliant maiden resource report targeted towards the end of 2022." This report highlights the opportunity: https://www.researchcapital.com/client/research/document/24601?verif=bccd0cf86055a4f7f9d57015209aade729aaac4b&o=9fba0a0a IWA is a shareholder of Outcrop Silver & Gold
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