- Discovered the Palomos vein with underground channel samples up to 25 grams per tonne gold and 495 grams per tonne silver.
- Discovered La Linda vein with samples up to 9 grams per tonne gold and up to 2,987 grams per tonne silver.
- Discovered the potential
Murillo ore shoot at the intersection of the Paraiso andEl Dorado veins with channel samples from outcrop up to 58 grams per tonne of gold and 2,860 grams per tonne of silver. - The Palomos and La Linda discoveries extend the known vein systems to the east and west respectively extending the potential for parallel veins across the Santa Ana vein system to a zone three kilometres wide.
"Our regional generation program continues to reveal the great potential for Santa Ana," comments
"We are currently generating and testing targets close to the existing resource," comments
Palomos was discovered through mapping and rock sampling campaigns as a follow-up from the regional soil sampling geochemical surveys. It is characterized by quartz vein or vein-fault oriented northeast and moderately dipping southeast that can be traced 400 metres along surface with outcrops and old mine workings (Map 3). The Palomos vein is subparallel and 550 metres east of the Santa Ana vein system (Map 1).
Underground channel samples in the Palomos 2 historic mine reported assays up to 25 grams per tonne gold and 495 grams per tonne silver. Related outcropping veins showed up to 8.26 grams per tonne gold and 713 grams per tonne silver (Maps 3 and 4, Figure 1 and Table 1).
Sample No | Type | Width | Lithology | Au g/t | Ag g/t |
11361 | Channel | 0.50 | QuartzVein | 2.54 | 713 |
13189 | Grab | 1.00 | Schist with veinlets | 2.09 | 634 |
13969 | Channel | 0.45 | QuartzVein | 1.14 | 336 |
13971 | Channel | 0.76 | ShearZone | 1.11 | 204 |
14920 | Channel | 0.50 | ShearZone | 2.89 | 296 |
14926 | Channel | 0.25 | ShearZone | 1.65 | 157 |
14928 | Channel | 0.40 | ShearZone | 8.26 | 185 |
15116 | Channel | 0.20 | QuartzVein | 3.07 | 134 |
16638 | Underground Channel | 0.50 | ShearZone | 5.60 | 154 |
16639 | Underground Channel | 0.65 | ShearZone | 1.20 | 62 |
16640 | Underground Channel | 0.55 | QuartzVein | 5.33 | 330 |
16644 | Underground Channel | 0.40 | QuartzVein | 25.18 | 495 |
Table 1. Significant rock sample assays from the Palomos vein target.
La Linda was discovered through mapping and prospecting as a follow-up from the regional soil geochemical survey. La Linda is an outcropping quartz vein that trends southeast and dipping moderately to steeply northeast (Map 5). La Linda vein can be traced for almost 500 metres based on outcrops and float that contains pyrite, galena and sphalerite hosted in schists. La Linda vein is parallel and 800 metres west of
Float vein cobbles returned up to 9.15 grams per tonne of gold and 2,987 grams per tonne of silver (Table 2 and Map 5). Channel samples of vein outcrop returned 9.15 and 6.50 grams per tonne of gold (Table 2 and Map 5).
Sample No | Type | Width | Lithology | Au g/t | Ag g/t |
17140 | Float | 0.22 | QuartzVein | 8.54 | 116 |
17145 | Float | 0.15 | QuartzVein | 4.42 | 2,987 |
17146 | Channel | 0.40 | QuartzVein | 6.50 | 37 |
17147 | Channel | 0.40 | QuartzVein | 9.15 | 79 |
Table 2. Significant rock sample assays from La Linda vein target.
Sample No | Type | Lithology | Au g/t | Ag g/t | |
16562 | Channel | 0.75 | QuartzVein | 58.07 | 2,860 |
16564 | Channel | 0.60 | QuartzVein | 6.83 | 121 |
16358 | Channel | 0.85 | Schist with veinlets | 12.73 | 46 |
Table 3. Significant rock chip sample assays from
Sample No | Type | Width | Lithology | Au g/t | Ag g/t |
16290 | Channel | 1.00 | QuartzVein | 12.38 | 265 |
16298 | Underground Channel | 0.35 | QuartzVein | 6.61 | 906 |
16342 | Channel | 0.50 | QuartzVein | 1.58 | 1,012 |
16343 | Channel | 0.50 | BlackSchist | 3.75 | 523 |
Table 4. Significant rock chip sample assays from various regional targets.
Sample No | Target | North | East | Elevation | Sample No | Target | East | North | Elevation | |
17140 | La Linda | 504864 | 566820 | 964 | 11361 | Palomos | 506798 | 565531 | 745 | |
17145 | La Linda | 504879 | 566617 | 942 | 13189 | Palomos | 506798 | 565531 | 745 | |
17146 | La Linda | 504857 | 566805 | 972 | 13969 | Palomos | 506798 | 565531 | 780 | |
17147 | La Linda | 504857 | 566805 | 972 | 13971 | Palomos | 506811 | 565560 | 975 | |
16562 | 505708 | 566876 | 881 | 14920 | Palomos | 506798 | 565531 | 745 | ||
16564 | 505713 | 566877 | 881 | 14926 | Palomos | 506787 | 565501 | 771 | ||
16358 | 505658 | 566973 | 867 | 14928 | Palomos | 506787 | 565501 | 771 | ||
16290 | La Porfia | 506063 | 566870 | 909 | 15116 | Palomos | 506754 | 565607 | ||
16298 | La Porfia | 506018 | 566741 | 920 | 16638 | Palomos | 506795 | 565504 | 758 | |
16644 | Palomos | 506788 | 565496 | 758 |
Table 5. Coordinates for samples reported in this release.
Rock samples were sent to either ALS, Actlabs or SGS in
The 100% owned Santa Ana project comprises 27,000 hectares, 190 kilometres from
Santa Ana maiden resource estimate contains an estimated indicated resource of 24.2 million ounces silver equivalent at a grade of 614 grams per tonne silver equivalent and an inferred mineral resource of 13.5 million ounces silver equivalent at a grade of 435 grams per tonne silver equivalent, based on the NI 43-101 Technical Report titled "Santa Ana Property Mineral Resource Estimate," dated
Veins with similar high grade and thickness exist along strike toward the south, forming a high-grade silver enriched trend that extends for 30 kilometres. Outcrop Silver's exploration team has identified numerous additional veins based on high-grade samples from outcrop and historical workings that have yet to be drill tested. Outcrop Silver remains focused on identifying new vein targets with high-grade potential, and adding substantially derisked mineralized silver-bearing veins that will increase the published maiden resource.
Outcrop Silver is rapidly advancing the Santa Ana high-grade silver deposit including ongoing drilling to expand the initial resource. Santa Ana is being advanced by a highly disciplined and seasoned professional team with decades of experience in
Qualified Person
The technical information in this news release has been approved by Joseph P Hebert, a qualified person as defined in NI 43-101 and President and Chief Executive Officer of Outcrop.
ON BEHALF OF THE BOARD OF DIRECTORS
Joseph P Hebert
Chief Executive Officer
+1 775 340 0450
joseph.hebert@outcropsilverandgold.com
www.outcropsilverandgold.com
Director of Investor Relations
+1 778 783 2818
li@outcropsilverandgold.com
Neither the
SOURCE
© Canada Newswire, source