Outcrop Silver and Gold delivers fifth discovery year-over-year
Outcrop Silver and Gold (TSXV:OCG) has made a high-grade discovery at the Guadual vein in the central portion of its Santa Ana silver project in Colombia, marking its fifth such discovery year-over-year
Intercepts are highlighted by 0.90 metres at 1,132 grams per ton (g/t) silver and 2.10 g/t gold
Outcrop Silver and Gold is a mineral explorer and developer active in Colombia
Outcrop Silver and Gold stock has given back 5.95 per cent year-over-year but remains up by 23.44 per cent since 2020
Outcrop Silver and Gold (TSXV:OCG) has made a high-grade discovery at the Guadual vein in the central portion of its Santa Ana silver project in Colombia, marking its fifth such discovery year-over-year.
Results in Tuesday's news release confirm 'strong, high-grade mineralization across multiple intercepts' and are highlighted by 0.90 metres at 1,132 grams per ton (g/t) silver and 2.10 g/t gold, including 0.50 metres at 2,016 g/t silver and 3.42 g/t gold (DH446), confirming a mineralized shoot in the Guadual North vein.
The Guadual system now measures over 400 metres along strike and more than 100 metres deep, making it a key target of the ongoing 24,000-metre drilling program, which is now centred on resource-expansion drilling along over 30 kilometres of mineralized trend.
The news follows intercepts of 8.20 metres at 669 g/t silver equivalent and 7.18 metres at 358 g/t silver equivalent at Santa Ana's Los Mangos vein released in April.
The 127,000-hectare Santa Ana project resides in the Mariquita district, the largest and highest-grade primary silver district in Colombia. The project's maiden 2023 resource estimate details 24.2 million ounces of silver equivalent indicated and 13.5 million ounces inferred. Leadership insights
'Guadual marks our fifth high-grade discovery in the last 12 months, highlighting how quickly Santa Ana is growing beyond the six-vein foundation used in the 2023 maiden resource. With a fully funded 2025 program focused on resource-expansion drilling, we intend to convert each new vein into ounces in the next estimate and unlock substantial value,' Ian Harris, Outcrop Silver and Gold's president and chief executive officer, said in a statement.
'The high-grade results from our second round of drilling at Guadual are a great example of how effective exploration requires persistence, critical thinking and strong teamwork,' added Guillermo Hernandez, Outcrop Silver and Gold's vice president of exploration. 'We tested an initial concept, analyzed the results, refined our model and came back with a more targeted and successful campaign. These new intercepts not only confirm the potential of the Guadual vein but also reflect the strength of our geological model for the district. I also want to express my gratitude to our team, whose ongoing efforts in community engagement and surface access have been instrumental in making this exploration possible. Their support has been vital to executing our program and turning geological ideas into actual discoveries.' About Outcrop Silver and Gold
Outcrop Silver and Gold is a mineral explorer and developer active in Colombia. The company has a track record of successful exploration and is backed by a team with a strong background in Colombian mining.
Outcrop Silver and Gold stock (TSXV:OCG) last traded at C$0.20 per share. The stock has given back 5.95 per cent year-over-year but remains up by 23.44 per cent since 2020.
Join the discussion: Find out what everybody's saying about this junior gold and silver mining stock on the Outcrop Silver and Gold Corp. Bullboard and check out Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top photo, generated by AI: Adobe Stock)
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