Outcrop Gold Corp. is pleased to announce the first drill results from the phase 2 program on its 100% owned Santa Ana Project in north Tolima, Colombia. After mapping and sampling along surface and in historic adits, Phase 1 drilling tested La Ivana target with nine holes with an average downhole intercept length of 0.52 m and a weighted average grade of 21.7 g Au/t and 1,329 g Ag/t at an average depth of 55 metres [...]
Outcrop Gold Corp. is pleased to provide an update on exploration at the Santa Ana high-grade silver-gold project located in Colombia. Detailed geological mapping, trenching and soil sampling is successfully identifying drill targets in new areas. This work is revealing vein outcrops and coarse in-situ vein rubble in the El Dorado target and the Morales target to the west and south of La Ivana drilling. Photos 1 through 3 [...]
Outcrop Gold Corp. is pleased to announce that the brokered private placement of units announced this morning with Mackie Research Capital Corp. as lead agent and sole book runner, along with Eventus Capital Corp. at a price of $0.28 per Unit for gross proceeds of $5,000,000 is oversubscribed, fully allocated and the books are closed. Mr. Eric Sprott intends to subscribe to the Offering as the lead order and increase his [...]
Outcrop Gold Corp. , is pleased to announce that it has entered into an agreement with Mackie Research Capital Corp. as lead agent and sole book runner, along with Eventus Capital Corp. in connection with a best efforts, private placement of units of the Company at a price of $0.28 per Unit for gross proceeds of up to $5,000,000 . Mr. Eric Sprott intends to subscribe to the Offering as the lead order. Each Unit will be [...]
Outcrop Gold Corp. is pleased to provide an update on exploration and current drilling in progress at the Santa Ana high-grade silver-gold project located in Colombia. "It is very encouraging to see significant amounts of coarse vein-boulders on soil lines where veins were projected between workings. Whereas previously the El Dorado vein zone had been only projected - it is now clearly mappable where soil lines [...]
Outcrop Gold Corp. is pleased to announce that drilling has resumed at the Santa Ana high-grade silver-gold project located in Colombia. This Phase 2 program will define the La Ivana mineralized zone to depths of 300 metres in order to build an ore-shoot and vein model and then enter a stage of more widespread drilling on nine targets with a potential cumulative strike length of 10 kilometers. Extensive soil sampling and [...]
Outcrop Gold Corp. is pleased to announce that exploration work has resumed at the Santa Ana high grade silver project located in Colombia. Aggressive target advancement including mapping, soil sampling and trenching with several teams is already underway. The Phase 2 drill program will commence on April 28th, 2020. Mineral exploration activities have been deemed as essential businesses and received exemptions to operate [...]
Outcrop Gold Corp. advises that the planned Phase 2 drilling campaign on the 100% owned Santa Ana Project in North Tolima, Colombia, has been temporarily delayed due to the Colombian government decision to restrict travel within Colombia during the current COVID-19 crisis. Currently travel restrictions are in place until April 13, 2020 - but may be extended. All Outcrop employees and contractors are working at home [...]
Outcrop Gold Corp. 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: 0.61 metre of 29.0 grams gold per tonne and 1,675 grams silver per tonne 0.58 metre of 36.2 grams gold per [...]
Outcrop Gold Corp. further to the 10,000,000 Unit non-brokered private placement announced February 21, 2020 and February 26, 2020 the Company wishes to additionally disclose that 600,000 Units was issued to Mackie Research Capital Corporation as a Finder's Fee in connection to the placement. Each Unit consists of one common share and one common share purchase warrant in the capital of the Company. Each Warrant is [...]
Outcrop Gold Corp. is pleased to announce that it has raised a total of $1,000,000 CDN through a non-brokered private placement consisting of 10,000,000 Units at a price of $0.10 CDN per Unit. Each Unit consists of one common share and one common share purchase warrant . Each Warrant entitles the holder to acquire one Common Share at a price of $0.20 until November 7, 2024. As a result of the placement, Mr. Eric Sprott [...]
Outcrop Gold Corp. is pleased to announce that following the release of favorable drill results from its Santa Ana project that Eric Sprott has taken a stake in the Company through a non-brokered private placement financing , consisting of 10,000,000 units at a price of $0.10 per Unit for gross proceeds of $1,000,000. Each Unit consists of one common share and one common share purchase warrant in the capital of the [...]