Outcrop GOLD Provides Update ON Oribella GOLD-Copper Project
NEWS RELEASE
OUTCROP GOLD PROVIDES UPDATE ON ORIBELLA GOLD-COPPER PROJECT
December 5, 2019 – Vancouver, BC – Outcrop Gold Corp. (TSXV: OCG) (“Outcrop” or the
“Company”) is pleased to provide an update of exploration work conducted on its Oribella Project in the
Middle Cauca Mineral Belt.
Oribella is surrounded by several notable discoveries and provides gold and copper anomalies of similar
scale and magnitude as the pre-discovery geochemical footprints of those discoveries. Oribella is in the
center of a 100km segment of the Middle Cauca Belt- clearly in elephant country. Oribella gold and
copper in soils anomalies and trenches are drill ready, and present very attractive targets.
The Company believes that Oribella consists of replacement epithermal mineralization superposed on
gold-copper porphyry mineralization that is reflected by multi-stage heterolithic breccia bodies, dikes and
mineralized andesite wall rock. The gold-copper system is associated with a regional scale fault inflection
that localizes the breccia bodies.
Intrusive rocks including dacite and andesite hypabyssal intrusive rocks, and sedimentary-tuff sequences
are cut by hydrothermally altered fault zones and tabular magnetic breccias. The breccias contain country
rock and intrusive porphyritic rock fragments that show sodic-calcic actinolite and albite alteration,
potassic alteration, and chlorite-epidote alteration. Disseminated sulfides and magnetite occur in the
breccias.
Stream sediment sample results available from work completed by Ingeominas and Outcrop Gold show
two conspicuous copper-gold anomalous stream sediment anomalies. The anomalies are located adjacent
to the Mistratos Fault, and principle fault of the Middle Cauca Belt. Channel samples following up the
stream sediment anomalies defined to targets- La Honda and Cibeles. Cibeles has dimensions of over
100m width by1km length. Alteration consists of silica, alunite, pyrophyllite and clays, that probably
reflects epithermal and porphyry related mineralization.
Outcrop believes the alteration and
mineralization features of the Cibeles
target on the Oribella Project represent
the upper portion of a well-preserved
and largely uneroded porphyry system.
Oribella was expanded to north where
the project now adjoins Orosur
Mining’s Anza project – which contains
the APTA vein deposit and the
Charrascala porphyry-epithermal
anomalies.
Oribella was expanded to the northwest
where it is now within 3km of
AngloGold Ashanti’s Nuevo Guintar
project - where low grade epithermal
mineralization is reported in two drill-
holes
Oribella now totals 24,243 hectares.
Figure 2 circular cauldron subsidence
common to Quebradona and Oribella area
south of ANZA.
Trenching by the Company within the soils
anomaly show results of 12 m grading 1.12 g/t Au,
10 m grading 0.4 g/t Au and 0.26% Cu, 14 m
grading 0.37 g/t Au and 0.19% Cu and 28 m
grading 0.31 g/t Au and 0.18% Cu. In most cases
the entire length of the trench is mineralized; the
extent of mineralization within the trenches is
undefined.
Figure 4: 12m at 1.12 g Au/t within gold in soils
anomaly.
Three hundred channel samples above 0.005 g Au/t
average 0.167 g Au/t and have a median of 0.20 g
Au/t. Copper values show a high of 3.3% copper
over 2m.
Figure 5: Gold in soils anomaly.
In the soil anomaly in Cibeles copper and gold values are somewhat offset from each other but taken
together define an anomaly 800m wide by 500m long and open to north and south - centered on an
andesite porphyry stock and related breccia bodies at a major fault inflection.
Oribella gold mineralization is interpreted as predominantly epithermal replacement of tuff and
sedimentary rocks, the epithermal inference is supported by zoning of antimony and mercury with respect
to gold. The copper values and magnetic intrusive breccias suggest earlier porphyry-style gold-copper
mineralization, primarily as wall-rock to intrusive and breccia- body mineralization.
Locally, extensive vegetation kills correlate with strong hematite alteration in road cuts near and
extending from the soil anomalies. The vegetation anomalies have not been significantly explored but
probably reflect extensions of known mineralized areas and extend for more than 1 sq km.
Figure 6: Copper in soil anomaly.
About planned exploration
Outcrop intends to expand the soils grid to define the open gold-copper-silver anomaly, and to conduct
more detailed mapping and channel sampling of road cuts and do mechanical trenching. The extent of
mineralization and alteration on the project is not yet defined, but a significant epithermal and gold-
copper system is indicated. The gold and copper in soils anomalies and confirming mineralized trenches
provide a preliminary scout drill target.
Oribella will provide diligent and consistent CSR efforts to be able to convert the Oribella applications
into titles before receiving drilling permits.
About Project
The Oribella Project is in the mid-Cauca belt in southwest Antioquia department between the
municipalities of Betulia and Concordia. The Oribella Gold Project comprises 24,200 hectares of mining
concession applications. The Project is accessible from Medellín by paved roads to Concordia.
The Oribella Project is situated central to the Middle Cauca Belt surrounded by numerous gold-copper
porphyries, including Titiribi (4.3 M oz Au eq), La Mina (1.6M oz Au eq) and Quebradona (5.6 M oz Au)
and epithermal systems including Buritica (3.7 M oz Au), Anza (plus 0.5M oz Au) and Nuevo Guintar,
and Zancudo.
QA/QC for sampling
Outcrop Gold’s control procedures for sampling including the insertion of commercial certified standards
and blanks. Samples were sent to the ALS laboratories sample preparation laboratory in Bogota, Colombia,
where they were dried, crushed, split and pulverized and subsequently delivered to the ALS Laboratory in
North Vancouver for analysis. The samples were analyzed for gold using standard fire assay on a 50-gram
sample with a gravimetric finish, and for multiple elements by ICP -MS using either an aqua regia (ME -
MS41) digestion.
About Outcrop Gold
Outcrop is a gold prospect generator active in Colombia acquiring gold exploration projects with world -
class discovery potential. Outcrop performs its own grass roots exploration and then employs a joint
venture business model on its projects to maximize investor exposure to discovery and minimize financial
risk. Outcrop has Newmont Goldcorp as a funding partner on its Lyra project in Antioquia directly south
of Buritica.
Qualified person
The technical information in this news release has been approved by Joseph P Hebert, a qualified person as
defined in NI43-101 and President and CEO of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
Joseph P Hebert, Chief Executive Officer
Tel: +1-775-340-0450
Email: [email protected]
www.outcropgoldcorp.com
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. Forward-looking
information includes, but is not limited to, statements with respect to the Transaction and the completion thereof
and the Company’s ownership interest in the Property upon completion of the Transaction. 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 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 for completion of the transaction, the results of exploration work,
the availability of financing to fund exploration, local regulations and approvals and other factors. 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 will not update any forward-looking
statements or forward-looking information that are incorporated by reference herein, except as required by
applicable securities laws.
Qualified Person Statement
Data in this press release have been reviewed by Outcrop’s President and CEO, Mr. Joseph Hebert,
C.P.G. B.Sc. Geology and a Qualified Person as defined by NI 43-101. The company’s Qualified Person
has not completed sufficient work to verify the Ingeominas stream sediment sample results. The
Ingeominas stream sediments are historical in nature, the sample collection, sample security and
analytical procedures are uncertain.
The company’s Qualified Person has been unable to verify the information pertaining to the Nuevo
Chquiro property. The information presented from Nuevo Chaquiro is not necessarily indicative of the
mineralization on the Oribella property