Outcrop Silver & Gold Corporation (OCG.TO) announced Wednesday assay results from recent drilling results at the Aguilar target, "further improving the geological understanding of one of the most advanced vein systems within the company's Santa Ana Project in Colombia".
Drilling confirmed the continuity of both the principal Aguilar and Aguilar N structures and returned high-grade intercepts from two additional mineralized structures, Aguilar NEW and Aguilar NEE, in the northern sector of the target, the company said. Locally mineralized splay structures were also intersected during drilling, providing additional information on the structural controls on silver mineralization. Drilling completed in the southern extension successfully confirmed the continuity of the principal Aguilar structure, although no significant mineralized intercepts were returned from the step-out holes, it added.
Among highlights, OCG said Aguilar NEW returned multiple high-grade intercepts, including 0.60 metres estimated true width grading 1,660 g/t silver-equivalent in DH621, 0.80 m ETW grading 1,405 g/t AgEq in DH604, and 0.76 m ETW grading 1,157 g/t AgEq in DH568; while Aguilar N returned high-grade intercepts including 0.49 m ETW grading 1,374 g/t AgEq in DH596 and 1.27 m ETW grading 716 g/t AgEq in DH592, supporting continuity of mineralization along the northern sector of the target.
OCG added drilling intersected several mineralized secondary structures and splays, providing additional information on the structural controls of silver mineralization within the Aguilar system; while step-out drilling in the southern extension confirmed the continuity of the principal Aguilar structure, although no significant mineralized intercepts were returned.
"These results continue to strengthen our confidence in the scale and continuity of the Aguilar system", said Rob Bruggeman, President and CEO. "Aguilar NEW and Aguilar NEE appear to represent newly recognized vein structures that warrant continued follow-up exploration and, as commonly observed in district-scale vein systems, could potentially support the delineation of additional mineral resource blocks in the future, particularly within these blind mineralized zones. The Aguilar vein system has now been drilled for 1.6 km along strike and has identified additional mineralized structures in the northern part of the target. The development of Aguilar NEW and Aguilar NEE, together with multiple mineralized secondary structures, highlights the growing structural footprint of Aguilar and further supports its importance within the Santa Ana district."
Shares in OCG edged up $0.005 to $0.355 in Canada yesterday.