Suche
 
Folgen Sie uns auf:

Outcrop Silver Files Technical Report for the Santa Ana Maiden Mineral Resource Estimate

12.06.2023  |  CNW

VANCOUVER, June 12, 2023 - Outcrop Silver & Gold Corp. (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) ("Outcrop Silver") is pleased to announce the filing of a National Instrument 43-101 Technical Report ("Technical Report") entitled "Santa Ana Property Mineral Resource Estimate" with an effective date of June 8, 2023, supporting the maiden mineral resource estimate for its 100% owned Santa Ana high-grade silver project in Colombia. The Technical Report was prepared for Outcrop Silver by AMC Mining Consultants (Canada) Ltd. (AMC) and can be found under Outcrop Silver's issuer profile at www.sedar.com.

The following summary of the mineral resource estimate was previously announced (see press release April 26, 2023) (Table 1). The high indicated resource grade of 614 grams per tonne silver equivalent demonstrates the high-grade potential of the project which is open at depth and along strike.

Category

Veins Area

Tonnage

Average Grades

Metal Content

AgEq

Ag

Au

AgEq

Ag

Au

Units

t (x1000)

g/t

g/t

g/t

oz (x1000)

oz (x1000)

oz (x1000)

Indicated

El Dorado

318

579

436

1.9

5,915

4,448

19.4

Las Maras

261

767

666

1.4

6,430

5,584

11.3

Santa Ana

202

344

289

0.7

2,233

1,876

4.7

Paraiso

186

969

515

6.1

5,793

3,077

36.5

Los Naranjos

126

443

363

1.1

1,788

1,467

4.4

La Porfia

119

495

265

3.1

1,887

1,010

12

La Isabela

15

287

213

1

140

104

0.5

Total Indicated

1,226

614

446

2.3

24,187

17,567

88.8

Inferred

El Dorado

180

523

382

1.9

3,025

2,211

11.1

Las Maras

27

482

423

0.8

424

373

0.7

Santa Ana

390

291

244

0.6

3,651

3,061

7.5

Paraiso

172

471

312

2.1

2,600

1,723

11.6

Los Naranjos

78

337

274

0.8

846

688

2

La Porfia

102

866

471

5.3

2,827

1,536

17.3

La Isabela

18

226

149

1

130

86

0.6

Total Inferred

966

435

312

1.6

13,504

9,677

50.9

Table 1. Santa Ana Mineral Resource Estimate

Notes:


1.

The effective date of this Mineral Resource Estimate (MRE) is 26 April 2023.

2.

Rod Webster, MAIG, of AMC has conducted the MRE and is an independent QP.

3.

Mineral Resources are stated according to the CIM Definition Standards (2014).

4.

Mineral Resources were reported within potentially mineable shapes, assuming an underground mining method with a minimum mining width of 1.0 m.

5.

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

6.

The estimate is reported for an underground mining scenario using a Silver Equivalent (AgEq) cut-off grade of 158 g/t AgEq.

7.

Inputs were: silver price of US$25.0/oz, gold price of US$1,800.0/oz; mining cost of US$69.0/t, processing cost of US$32.0/t and G&A costs of US$13.0/t and metallurgical recoveries of 93% for Ag and 96% for Au.

8.

The AgEq was calculated using the prices (P), recoveries (R) and grades of each element using the following formula: AgEq g/t = Ag g/t +(((AuP*AuR)/(AgP*AgR))*Au g/t). No sales or marketing costs were considered.

9.

Bulk density values were interpolated for each of the mineralized veins with the global average at reporting AgEq cut- off for the entire Santa Ana deposit is 2.7 t/m3.

10.

2D Accumulation method using Ordinary Kriging (OK) into blocks generally 10 m in size across and vertically down the vein. The block size along the dip direction covered the whole vein.

11.

Any discrepancies in the totals are due to rounding effects.

About Outcrop Silver

Outcrop Silver is rapidly advancing the Santa Ana high-grade silver deposit with ongoing expansion drilling. Outcrop Silver is also progressing exploration on four gold projects with world-class discovery potential in Colombia. These assets are being advanced by a highly disciplined and seasoned professional team with decades of experience in Colombia.

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 Silver.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "potential", "we believe", or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Outcrop Silver to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, financing and additional capital requirements, completion of due diligence, general economic, market and business conditions, new legislation, uncertainties resulting from potential delays or changes in plans, political uncertainties, and the state of the securities markets generally. Although management of Outcrop Silver have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Outcrop Silver will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE Outcrop Silver & Gold Corp.



Contact
Joseph P Hebert, Chief Executive Officer, +1 775 340 0450, joseph.hebert@outcropsilverandgold.com, www.outcropsilverandgold.com; Kathy Li, Director of Investor Relations, +1 778 783 2818, li@outcropsilverandgold.com
Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Outcrop Silver & Gold Corp.
Bergbau
A3CSAT
CA69002Q1054
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2024.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"