Outcrop gold corp. and newmont goldcorp corporation resumes exploration on the lyra project

Outcrop gold corp. announced that the company and its funding partner newmont goldcorp will resume exploration on the lyra project after a lifting of a condition of force majeure related to security. outcrop gold believes that lyra captures what the company refers to as the "buritica trend" which is a 30km extension of the tonusco fault system that bisects the primary buritica vein system and continues to the south to anza. the company thinks that the tonusco fault is the source of the gold and base metal-bearing fluids that formed the buritica veins in second order dilational zones that spay off the tonusco. lyra provides a large strategically located piece of ground between continental gold's buritica and orosur mining's anza projects. newmont made a large strategic investment in continental gold and actively funds anza exploration under an agreement with orosur mining. the company believes that lyra provides newmont goldcorp and outcrop a strategically important gold trend to explore. the lyra project has a high potential to host high-grade carbonate base metal gold (cbm(au)) vein systems like buritica. existing stream sediment anomalies on lyra resemble stream sediment anomalies associated with both buritica and anza. the tonusco fault "connects" buritica and anza, probably as a first order control of mineralization in this part of the middle. very limited prospecting produced a sample of 0.6m at 70 g au/t from a quartz-sulfide vein in a caved historic working in the very northeast of the lyra project closest to buritica. only four channel samples of vein and a tailings sample from an active artisan were taken. the samples ranged from low of 14.75 g au/t to a high of 70 g au/t with a median grade of 17.5 g au/t and a mean grade of 32.5 g au/t. high-grade samples this close to buritica are especially encouraging. the lyra project is in antioquia department, 120 km northwest of medellin and a two-hour drive from the city. the lyra project consists of 14 concession contract applications totaling 54,895 hectares covering 30km of the tonusco fault that extends south from the buritica vein system. the buritica vein system is located adjacent to the tonusco fault and is interpreted to be controlled by a pre-existing cretaceous-aged fault system which has been reactivated by a miocene-aged east-northeast-west-southwest fault system. the miocene-aged structures control the emplacement of an intrusive complex which is associated with the vein system. a second prospective regional fault structure, the mistratos 10km to the west.
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