Latest news with #GuillermoHernandez
Cision Canada
6 days ago
- Business
- Cision Canada
OUTCROP SILVER CONTINUES TO EXTEND LOS MANGOS VEIN TO THE NORTH
VANCOUVER, BC, Aug. 7, 2025 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) ("Outcrop Silver") is pleased to report additional high-grade assay results from step-out drilling at the Los Mangos vein within the Santa Ana high-grade silver project in Colombia. The results originate from the recently defined northern high-grade mineralized shoot, situated approximately 150 metres north of the historical El 20 mine workings and the original discovery zone (Figures 1 and 3). The Los Mangos vein remains open along strike and at depth (Figure 3). The latest intercepts continue to demonstrate the strong continuity and grade of the Los Mangos vein system, particularly in its northern extension, where drilling has now reached the deepest elevations to date in this sector. Highlights Hole DH476 intercepted 2.11 metres grading 445 g/t Ag and 2.14 g/t Au (606 g/t AgEq) and 1.88 metres grading 507 g/t Ag (Table 1 and Figure 2). These results reinforce the emerging importance of the northern shoot at Los Mangos, where the vein system becomes structurally more complex and is hosted locally by granodioritic intrusions. The association between these intrusions and high-grade mineralization suggests a strong structural and lithological control on silver-gold deposition. Current drilling has now confirmed the continuity of the Los Mangos vein to depths of nearly 150 metres below the surface in this area, marking the deepest intercepts drilled at Los Mangos to date in terms of absolute elevation (Figure 3). "The results from hole DH476, especially the multiple high-grade intercepts at depth, reinforce the continuity and strength of the Los Mangos vein system. The northern shoot is evolving into an exciting mineralized zone, and the increasing structural complexity, coupled with intrusive-related controls, is opening new geological opportunities for deeper and lateral expansion," commented Guillermo Hernandez, Vice President of Exploration. "This continued success highlights the exploration upside at Santa Ana and supports our strategy of unlocking value through step-out drilling and advancing toward our next mineral resource update." Table 1. Drill hole assay results reported in this release. Sample Easting (m) Northing (m) Elevation (m) Sample Type Ag g/t Au g/t AgEq g/t Release Date 15491 501854.0 556550.0 866.08 Dump Grab 234 8.07 840 August 23, 2022 15492 502131.0 556607.0 764.28 Chip 1,601 1.45 1,709 August 23, 2022 16189 502089.0 556636.0 770.74 Chip 334 1.60 454 July 8, 2025 16190 501980.0 556611.0 810.83 Chip 648 21.38 2,254 April 26, 2023 17351 501681.0 556466.0 1012.00 Chip 297 0.22 314 March 12, 2025 17528 501846.0 556532.2 875.00 Dump Grab 301 8.04 905 March 12, 2025 17531 501847.0 556533.2 875.00 Dump Grab 81 7.15 618 March 12, 2025 17532 501844.0 556530.2 875.00 Dump Grab 3,019 0.56 3,061 March 12, 2025 17687 501659.0 556484.0 1028.00 Chip 907 3.73 1,187 March 12, 2025 17688 501660.0 556474.0 1035.00 Chip 344 3.04 572 March 12, 2025 17765 501754.0 556392.0 987.00 Dump Grab 215 12.57 1,159 March 12, 2025 17766 501742.0 556411.0 974.00 Chip 122 6.22 589 March 12, 2025 Table 2. Surface chip and grab sample results in the Los Mangos vein target from the regional exploration program, including those previously reported and referred to in Figure 1 (see News Releases dated August 23, 2022, April 26, 2023, March 12, 2025, and July 8, 2025). By their nature, grab samples are selective, and the assay results may not necessarily represent true underlying mineralization. Coordinates are UTM system, zone 18N and WGS84 projection. Hole ID Hole Code Easting (m) Northing (m) Elevation (m) Depth (m) Azimuth (°) Dip (°) DH420 SALM24HD420 501916.349 556451.154 915.18 200.25 303 -45 DH423 SALM24DH423 501917.600 556451.345 915.19 164.71 333 -45 DH425 SALM24DH425 501915.818 556450.553 914.73 215.49 285 -55 DH428 SALM24DH428 501915.742 556450.146 915.19 227.99 273 -55 DH432 SALM24DH432 501881.348 556447.027 921.96 131.46 321 -45 DH434 SALM25DH434 501881.468 556446.758 922.44 151.66 310 -45 DH436 SALM25DH436 501797.491 556358.423 989.71 179.22 315 -51 DH438 SALM25DH438 501796.942 556358.077 989.68 210.61 298 -50 DH440 SALM25DH440 501796.528 556357.559 989.84 190.19 286 -45 DH442 SALM25DH442 501796.528 556357.559 989.84 201.47 335 -49 DH444 SALM25DH444 501796.901 556358.092 989.81 200.55 306 -58 DH447 SALM25DH447 501766.685 556378.891 998.44 120.09 325 -51 DH449 SALM25DH449 501797.565 556358.288 989.73 163.98 325 -58 DH451 SALM25DH451 501796.972 556357.896 989.75 250.24 302 -65 DH453 SALM25DH453 501796.830 556357.426 989.55 242.62 286 -59 DH454 SALM25DH454 501796.932 556357.896 989.59 286.20 305 -69 DH457 SALM25DH457 501797.401 556358.269 989.55 248.71 324 -65 DH459 SALM24DH459 501797.979 556358.194 989.87 229.39 346 -60 DH461 SALM25DH461 501797.955 556358.119 989.36 273.40 346 -66 DH464 SALM25DH464 501796.568 556357.185 989.75 250.24 286 -62 DH466 SALM25DH466 501796.455 556357.080 989.40 298.94 286 -68 DH469 SALM25DH469 502040.595 556537.783 851.73 269.06 315 -45 DH472 SALM25DH472 502040.791 556537.570 851.35 365.05 315 -58 DH474 SALM25DH474 502040.325 556537.133 851.66 240.18 298 -45 DH476 SALM25DH476 502041.204 556537.565 851.90 285.65 331 -46 DH478 SALM25DH478 502041.420 556537.967 851.02 343.20 345 -45 DH481 SALM25DH481 502040.700 556538.214 851.25 345.09 329 -54 Table 3. Collar and survey table for drill holes and exploratory trenches reported and referred to in this release. All coordinates are UTM system, Zone 18N, and WGS84 projection. Qualified Person The technical information contained in this news release has been reviewed and approved by Mr. Guillermo Hernandez, CPG-AIPG, Vice-President Exploration at Outcrop Silver. Mr. Hernandez is a Qualified Person for the Company as defined by National Instrument 43-101. 1 Silver Equivalent Metal prices used for equivalent calculations were US$1,800/oz for gold, and US$25/oz for silver. Metallurgical recoveries based on Outcrop Silver's metallurgical test work are 97% for gold and 93% for silver (see news release dated August 23, 2023). The equivalency formula is as follows: QA/QC Outcrop Silver applied its standard protocols for sampling and assay for exploration activities. Core diameter is a mix of HTW and NTW depending on the depth of the drill hole. Diamond drill core boxes were photographed, sawed, sampled and tagged. Samples were bagged, tagged and packaged for shipment by truck from Santa Ana's core logging facilities in Falan, Colombia to the Actlabs certified sample preparation facility in Medellin, Colombia. ActLabs is an accredited laboratory independent of the Company. HQ-NTW core is sawn with one-half shipped. Samples delivered to Actlabs were AA assayed on Au, Ag, Pb, and Zn at Medellin using 1A2Au, 1A3Au, Multi-elements AR (Ag Cu Pb Zn), and Code 8 methods. Then, samples were sent to Actlabs Canada in Ancaster, Ontario, for ICP-multi-elemental analysis with code 1E3. In line with QA/QC best practices, blanks, duplicates, and certified reference materials are inserted at approximately three control samples every twenty samples into the sample stream, monitoring laboratory performance. A comparison of control samples and their standard deviations indicates acceptable accuracy of the assays and no detectible contamination. No material QA/QC issues have been identified with respect to sample collection, security and assaying. The samples are analyzed for gold and silver using a standard fire assay on a 30-gram sample with a gravimetric finish for over-limits. Multi-element geochemistry was determined by ICP-MS using either aqua regia or four acid digestions. Crush rejects, pulps, and the remaining core are stored in a secured facility at Santa Ana for future assay verification. About Santa Ana The 100% owned Santa Ana project spans over 28,000 hectares within the Mariquita District, encompassing both titles and applications, and is recognized as the largest and highest-grade primary silver district in Colombia, with mining records dating back to 1585. Santa Ana's maiden resource estimate, detailed in the NI 43-101 Technical Report titled "Santa Ana Property Mineral Resource Estimate," dated June 8, 2023, prepared by AMC Mining Consultants, indicates an estimated indicated resource of 1,226 thousand tonnes containing 24.2 million ounces silver equivalent 1 at a grade of 614 grams per tonne and an inferred resource of 966 thousand tonnes containing 13.5 million ounces at a grade of 435 grams per tonne of silver equivalent 1. The identified resources span seven major vein systems that include multiple parallel veins and ore shoots: Santa Ana (San Antonio, Roberto Tovar, San Juan shoots); La Porfia (La Ivana); El Dorado (El Dorado, La Abeja shoots); Paraiso (Megapozo); Las Maras; Los Naranjos, and La Isabela. The drilling campaign aims to extend known mineralization and test new high-potential areas along the permitted section of the project's extensive 30 kilometres of mineralized trend. The current exploration strategy seeks to establish a clear pathway for substantially expanding the mineral resource. These efforts underscore the scalability of Santa Ana and its potential for substantial resource growth, positioning the project to develop into a high-grade, economically viable, and environmentally responsible silver mine. About Outcrop Silver Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with decades of experience in the region. Outcrop Silver is dedicated to expanding current mineral resources through strategic exploration initiatives. At the core of our operations is a commitment to responsible mining practices and community engagement, underscoring our approach to sustainable development. Our expertise in navigating complex geological and market conditions enables us to identify and capitalize on opportunities that enhance shareholder value consistently. With a deep understanding of the Colombian mining landscape and a proven track record of successful exploration, Outcrop Silver is well-positioned to transform the Santa Ana project into a significant silver producer, making a positive contribution to the local economy and setting new standards in the mining industry. ON BEHALF OF THE BOARD OF DIRECTORS 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.
Malaysian Reserve
22-07-2025
- Business
- Malaysian Reserve
MORENA BECOMES SIXTH HIGH-GRADE DISCOVERY IN SANTA ANA'S CURRENT DRILL PROGRAM
VANCOUVER, BC, July 22, 2025 /CNW/ – Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) ('Outcrop Silver') is pleased to announce the discovery of a new high-grade shoot at the Morena vein within its 100% owned Santa Ana high-grade silver project in Colombia. This marks the sixth high-grade shoot discovered since the current drilling campaign began in April 2024, reinforcing the growth potential of Santa Ana ahead of an upcoming mineral resource update. Highlights DH471 intercepted 1.87 metres grading 680 g/t Ag and 1.52 g/t Au (794 g/t AgEq), including 0.55 metres at 1,877 g/t Ag and 4.26 g/t Au (2,197 g/t AgEq) (Table 1, Figure 2). DH467 intercepted 2.29 metres at 233 g/t Ag and 0.37 g/t Au (261 g/t AgEq), including 0.35 metres at 873 g/t Ag and 0.80 g/t Au (933 g/t AgEq) (Table 1). With six new mineralized shoots discovered since April 2024, Outcrop Silver continues to build momentum toward a significant mineral resource update. Morena adds to a growing pipeline of new mineralized zones, including those at Aguilar, Jimenez, Guadual, La Ye, and Los Mangos, all of which are being tested for inclusion in the upcoming mineral resource update. The discovery at Morena resulted from systematic regional exploration focused on the La Ye target (see News Release dated September 4, 2024). Soil geochemistry and follow-up trenching in late 2024 revealed a promising structural corridor (Figure 1). Initial samplings returned silver assays up to 795 g/t Ag and 5.88 g/t Au (Table 2), with trenching confirming the presence of the Morena vein across 400 metres along strike. The Morena vein trends 220 to 230°, dips between 45° and 75°, and is hosted in green schists (Figure 1). The drilling campaign at Morena consisted of 2,905 metres. These efforts have confirmed a continuous mineralized footprint of approximately 400 metres along strike and nearly 300 metres down dip (Figure 2). 'We are excited to confirm the sixth new high-grade shoot at Santa Ana since the mineral resource was published with the discovery at Morena,' commented Guillermo Hernandez, Vice President of Exploration. 'This discovery is the result of disciplined exploration, following geochemical anomalies, applying strong geological models, and validating our interpretations with drilling. The potential at Morena reinforces our growth strategy and highlights the scale of opportunity still to be realized across the Santa Ana project.' Target Hole ID From(m) To(m) Interval(m) EstimatedTrue Width(m) Agg/t Aug/t AgEq1g/t Morena DH467 227.95 230.24 2.29 1.49 233 0.37 261 Including 227.95 228.30 0.35 0.23 873 0.80 933 DH471 274.63 276.50 1.87 0.97 680 1.52 794 Including 275.63 276.18 0.55 0.29 1,877 4.26 2,197 DH477 361.31 364.36 3.05 1.33 96 0.19 110 Including 361.31 361.90 0.59 0.26 394 0.62 441 DH479 340.45 341.61 1.16 0.58 171 0.39 200 Including 340.85 341.26 0.41 0.21 461 0.25 480 Table 1. Drill hole assay results reported in this release. Sample Easting(m) Northing(m) Elevation(m) SampleType Agg/t Aug/t AgEq1g/t Release Date 16009 504702.0 561322.0 789.54 Chip 795 5.88 1,237 April 26, 2023 16556 504708.2 561322.0 790.26 Chip 652 2.16 814 September 4, 2024 16010 504754.0 561355.4 824.29 Chip 390 2.03 542 September 4, 2024 Table 2. Surface chip sample results in the Morena vein target from the regional exploration program previously reported and referred to in Figure 1 (see News Releases dated September 4, 2024). By their nature, grab and chip samples are selective, and the assay results may not necessarily represent true underlying mineralization. Coordinates are UTM system, zone 18N and WGS84 projection. Hole ID Hole Code Easting(m) Northing(m) Elevation(m) Depth(m) Azimuth(°) Dip(°) DH415 SAMOR24DH415 504666.068 561489.415 893.37 240.18 145 -53 DH417 SAMOR24DH417 504666.257 561489.118 893.38 223.90 145 -66 DH465 SAMOR25DH465 504666.010 561468.966 885.75 204.82 163 -50 DH467 SAMOR25DH467 504666.917 561470.608 885.58 247.19 83 -66 DH468 SAMOR25DH468 504666.612 561469.775 885.94 216.10 115 -79 DH470 SAMOR25DH470 504666.612 561469.775 886.53 255.11 115 -79 DH471 SAMOR25DH471 504666.820 561471.330 885.84 304.49 63 -72 DH473 SAMOR25DH473 504851.655 561564.680 948.92 150.26 120 -65 DH475 SAMOR25DH475 504787.913 561619.995 959.17 304.80 142 -75 DH477 SAMOR25DH477 504786.834 561619.594 959.26 400.20 185 -75 DH479 SAMOR25DH479 504786.872 561621.099 959.48 358.44 142 -83 TR151 Exploratory Trench 504716.000 561339.000 822.00 22.00 135 0 TR152 Exploratory Trench 505000.510 561560.830 931.00 23.00 310 0 TR135 Exploratory Trench 504754.610 561363.320 823.48 13.50 130 0 TR139 Exploratory Trench 504985.090 561481.420 924.22 65.00 295 0 Table 3. Collar and survey table for drill holes and exploratory trenches reported and referred to in this release. All coordinates are UTM system, Zone 18N, and WGS84 projection. ATM Program Further to an at-the-market offering of common shares made pursuant to a prospectus supplement dated September 6, 2023, the Company issued a block of 600,000 common shares to a strategic investor for gross proceeds of $120,000 in the quarter ended June 30, 2025. Fees of 2.5% of the gross proceeds of the at-the-market offering were paid to Research Capital Corporation, being $3,000. 1Silver Equivalent Metal prices used for equivalent calculations were US$1,800/oz for gold, and US$25/oz for silver. Metallurgical recoveries based on Outcrop Silver's metallurgical test work are 97% for gold and 93% for silver (see news release dated August 23, 2023). The equivalency formula is as follows: QA/QC Outcrop Silver applied its standard protocols for sampling and assay for exploration activities. Core diameter is a mix of HTW and NTW depending on the depth of the drill hole. Diamond drill core boxes were photographed, sawed, sampled and tagged. Samples were bagged, tagged and packaged for shipment by truck from Santa Ana's core logging facilities in Falan, Colombia to the Actlabs certified sample preparation facility in Medellin, Colombia. ActLabs is an accredited laboratory independent of the Company. HQ-NTW core is sawn with one-half shipped. Samples delivered to Actlabs were AA assayed on Au, Ag, Pb, and Zn at Medellin using 1A2Au, 1A3Au, Multi-elements AR (Ag Cu Pb Zn), and Code 8 methods. Then, samples were sent to Actlabs Canada in Ancaster, Ontario, for ICP-multi-elemental analysis with code 1E3. In line with QA/QC best practices, blanks, duplicates, and certified reference materials are inserted at approximately three control samples every twenty samples into the sample stream, monitoring laboratory performance. A comparison of control samples and their standard deviations indicates acceptable accuracy of the assays and no detectible contamination. No material QA/QC issues have been identified with respect to sample collection, security and assaying. The samples are analyzed for gold and silver using a standard fire assay on a 30-gram sample with a gravimetric finish for over-limits. Multi-element geochemistry was determined by ICP-MS using either aqua regia or four acid digestions. Crush rejects, pulps, and the remaining core are stored in a secured facility at Santa Ana for future assay verification. Qualified Person The technical information contained in this news release has been reviewed and approved by Mr. Guillermo Hernandez, CPG-AIPG, Vice-President Exploration at Outcrop Silver. Mr. Hernandez is a Qualified Person for the Company as defined by National Instrument 43-101. About Santa Ana The 100% owned Santa Ana project spans 27,000 hectares within the Mariquita District, encompassing titles and applications, and is recognized as the largest and highest-grade primary silver district in Colombia, with mining records dating back to 1585. Santa Ana's maiden resource estimate, detailed in the NI 43-101 Technical Report titled 'Santa Ana Property Mineral Resource Estimate,' dated June 8, 2023, prepared by AMC Mining Consultants, indicates an estimated indicated resource of 1,226 thousand tonnes containing 24.2 million ounces silver equivalent1 at a grade of 614 grams per tonne and an inferred resource of 966 thousand tonnes containing 13.5 million ounces at a grade of 435 grams per tonne of silver equivalent1. The identified resources span seven major vein systems that include multiple parallel veins and ore shoots: Santa Ana (San Antonio, Roberto Tovar, San Juan shoots); La Porfia (La Ivana); El Dorado (El Dorado, La Abeja shoots); Paraiso (Megapozo); Las Maras; Los Naranjos, and La Isabela. The drilling campaign aims to extend known mineralization and test new high-potential areas along the permitted section of the project's extensive 30 kilometres of mineralized trend. This year's exploration strategy aims to demonstrate a clear pathway to substantially expand the resource. These efforts underscore the scalability of Santa Ana and its potential for substantial resource growth, positioning the project to develop into a high-grade, economically viable, and environmentally responsible silver mine. About Outcrop Silver Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with decades of experience in the region. Outcrop Silver is dedicated to expanding current mineral resources through strategic exploration initiatives. At the core of our operations is a commitment to responsible mining practices and community engagement, underscoring our approach to sustainable development. Our expertise in navigating complex geological and market conditions enables us to consistently identify and capitalize on opportunities to enhance shareholder value. With a deep understanding of the Colombian mining landscape and a track record of successful exploration, Outcrop Silver is poised to transform the Santa Ana project into a significant silver producer, contributing positively to the local economy and setting new standards in the mining industry. ON BEHALF OF THE BOARD OF DIRECTORS Ian HarrisChief Executive Officer+1 604 638 2545harris@ Kathy Li Vice President of Investor Relations +1 778 783 2818 li@ 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.
Cision Canada
22-07-2025
- Business
- Cision Canada
MORENA BECOMES SIXTH HIGH-GRADE DISCOVERY IN SANTA ANA'S CURRENT DRILL PROGRAM
VANCOUVER, BC, July 22, 2025 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) ("Outcrop Silver") is pleased to announce the discovery of a new high-grade shoot at the Morena vein within its 100% owned Santa Ana high-grade silver project in Colombia. This marks the sixth high-grade shoot discovered since the current drilling campaign began in April 2024, reinforcing the growth potential of Santa Ana ahead of an upcoming mineral resource update. Highlights DH471 intercepted 1.87 metres grading 680 g/t Ag and 1.52 g/t Au (794 g/t AgEq), including 0.55 metres at 1,877 g/t Ag and 4.26 g/t Au (2,197 g/t AgEq) (Table 1, Figure 2). DH467 intercepted 2.29 metres at 233 g/t Ag and 0.37 g/t Au (261 g/t AgEq), including 0.35 metres at 873 g/t Ag and 0.80 g/t Au (933 g/t AgEq) (Table 1). With six new mineralized shoots discovered since April 2024, Outcrop Silver continues to build momentum toward a significant mineral resource update. Morena adds to a growing pipeline of new mineralized zones, including those at Aguilar, Jimenez, Guadual, La Ye, and Los Mangos, all of which are being tested for inclusion in the upcoming mineral resource update. The discovery at Morena resulted from systematic regional exploration focused on the La Ye target (see News Release dated September 4, 2024). Soil geochemistry and follow-up trenching in late 2024 revealed a promising structural corridor (Figure 1). Initial samplings returned silver assays up to 795 g/t Ag and 5.88 g/t Au (Table 2), with trenching confirming the presence of the Morena vein across 400 metres along strike. The Morena vein trends 220 to 230°, dips between 45° and 75°, and is hosted in green schists (Figure 1). The drilling campaign at Morena consisted of 2,905 metres. These efforts have confirmed a continuous mineralized footprint of approximately 400 metres along strike and nearly 300 metres down dip (Figure 2). "We are excited to confirm the sixth new high-grade shoot at Santa Ana since the mineral resource was published with the discovery at Morena," commented Guillermo Hernandez, Vice President of Exploration. "This discovery is the result of disciplined exploration, following geochemical anomalies, applying strong geological models, and validating our interpretations with drilling. The potential at Morena reinforces our growth strategy and highlights the scale of opportunity still to be realized across the Santa Ana project." Table 1. Drill hole assay results reported in this release. Sample Easting (m) Northing (m) Elevation (m) Sample Type Ag g/t Au g/t AgEq 1 g/t Release Date 16009 504702.0 561322.0 789.54 Chip 795 5.88 1,237 April 26, 2023 16556 504708.2 561322.0 790.26 Chip 652 2.16 814 September 4, 2024 16010 504754.0 561355.4 824.29 Chip 390 2.03 542 September 4, 2024 Table 2. Surface chip sample results in the Morena vein target from the regional exploration program previously reported and referred to in Figure 1 (see News Releases dated September 4, 2024). By their nature, grab and chip samples are selective, and the assay results may not necessarily represent true underlying mineralization. Coordinates are UTM system, zone 18N and WGS84 projection. Table 3. Collar and survey table for drill holes and exploratory trenches reported and referred to in this release. All coordinates are UTM system, Zone 18N, and WGS84 projection. ATM Program Further to an at-the-market offering of common shares made pursuant to a prospectus supplement dated September 6, 2023, the Company issued a block of 600,000 common shares to a strategic investor for gross proceeds of $120,000 in the quarter ended June 30, 2025. Fees of 2.5% of the gross proceeds of the at-the-market offering were paid to Research Capital Corporation, being $3,000. 1 Silver Equivalent Metal prices used for equivalent calculations were US$1,800/oz for gold, and US$25/oz for silver. Metallurgical recoveries based on Outcrop Silver's metallurgical test work are 97% for gold and 93% for silver (see news release dated August 23, 2023). The equivalency formula is as follows: QA/QC Outcrop Silver applied its standard protocols for sampling and assay for exploration activities. Core diameter is a mix of HTW and NTW depending on the depth of the drill hole. Diamond drill core boxes were photographed, sawed, sampled and tagged. Samples were bagged, tagged and packaged for shipment by truck from Santa Ana's core logging facilities in Falan, Colombia to the Actlabs certified sample preparation facility in Medellin, Colombia. ActLabs is an accredited laboratory independent of the Company. HQ-NTW core is sawn with one-half shipped. Samples delivered to Actlabs were AA assayed on Au, Ag, Pb, and Zn at Medellin using 1A2Au, 1A3Au, Multi-elements AR (Ag Cu Pb Zn), and Code 8 methods. Then, samples were sent to Actlabs Canada in Ancaster, Ontario, for ICP-multi-elemental analysis with code 1E3. In line with QA/QC best practices, blanks, duplicates, and certified reference materials are inserted at approximately three control samples every twenty samples into the sample stream, monitoring laboratory performance. A comparison of control samples and their standard deviations indicates acceptable accuracy of the assays and no detectible contamination. No material QA/QC issues have been identified with respect to sample collection, security and assaying. The samples are analyzed for gold and silver using a standard fire assay on a 30-gram sample with a gravimetric finish for over-limits. Multi-element geochemistry was determined by ICP-MS using either aqua regia or four acid digestions. Crush rejects, pulps, and the remaining core are stored in a secured facility at Santa Ana for future assay verification. Qualified Person The technical information contained in this news release has been reviewed and approved by Mr. Guillermo Hernandez, CPG-AIPG, Vice-President Exploration at Outcrop Silver. Mr. Hernandez is a Qualified Person for the Company as defined by National Instrument 43-101. About Santa Ana The 100% owned Santa Ana project spans 27,000 hectares within the Mariquita District, encompassing titles and applications, and is recognized as the largest and highest-grade primary silver district in Colombia, with mining records dating back to 1585. Santa Ana's maiden resource estimate, detailed in the NI 43-101 Technical Report titled "Santa Ana Property Mineral Resource Estimate," dated June 8, 2023, prepared by AMC Mining Consultants, indicates an estimated indicated resource of 1,226 thousand tonnes containing 24.2 million ounces silver equivalent 1 at a grade of 614 grams per tonne and an inferred resource of 966 thousand tonnes containing 13.5 million ounces at a grade of 435 grams per tonne of silver equivalent 1. The identified resources span seven major vein systems that include multiple parallel veins and ore shoots: Santa Ana (San Antonio, Roberto Tovar, San Juan shoots); La Porfia (La Ivana); El Dorado (El Dorado, La Abeja shoots); Paraiso (Megapozo); Las Maras; Los Naranjos, and La Isabela. The drilling campaign aims to extend known mineralization and test new high-potential areas along the permitted section of the project's extensive 30 kilometres of mineralized trend. This year's exploration strategy aims to demonstrate a clear pathway to substantially expand the resource. These efforts underscore the scalability of Santa Ana and its potential for substantial resource growth, positioning the project to develop into a high-grade, economically viable, and environmentally responsible silver mine. About Outcrop Silver Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with decades of experience in the region. Outcrop Silver is dedicated to expanding current mineral resources through strategic exploration initiatives. At the core of our operations is a commitment to responsible mining practices and community engagement, underscoring our approach to sustainable development. Our expertise in navigating complex geological and market conditions enables us to consistently identify and capitalize on opportunities to enhance shareholder value. With a deep understanding of the Colombian mining landscape and a track record of successful exploration, Outcrop Silver is poised to transform the Santa Ana project into a significant silver producer, contributing positively to the local economy and setting new standards in the mining industry. ON BEHALF OF THE BOARD OF DIRECTORS Ian Harris Chief Executive Officer +1 604 638 2545 [email protected] Kathy Li Vice President of Investor Relations +1 778 783 2818 [email protected] 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.
Cision Canada
08-07-2025
- Business
- Cision Canada
OUTCROP SILVER DRILLS 1.06 METRES AT 1,930 G/T AGEQ IN 150-METRE STEP-OUT, CONFIRMING HIGH-GRADE NORTHERN EXTENSION AND EXPANDING LOS MANGOS VEIN SYSTEM
VANCOUVER, BC, July 8, 2025 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) ("Outcrop Silver") is pleased to report continued drilling success from the Los Mangos vein system, part of its 100%-owned Santa Ana high-grade silver project in Colombia. The latest results highlight the expansion potential of the system along strike to the north and continued high-grade mineralization associated with the Mangos fault structure to the south. Highlights Hole DH469 intersected 1.06 metres grading 1,930 g/t AgEq in the Los Mangos vein, including 0.30 metres grading 4,988 g/t AgEq (Table 1, Figure 4). Step-out drilling 150 metres north of known mineralization confirms the continuity of the Los Mangos vein system and outlines a potential new high-grade shoot (Figure 1 and Figure 3), reinforcing the importance of significant future mineral resource expansion. Holes DH469 and DH472 represent a 150-metre step-out to the north from known mineralization. The zone tested lies beneath a minor topographic elevation and confirms the continuity of the Los Mangos vein system, as well as the presence of high-grade mineralization at depth (Figure 3). These results significantly extend the system's footprint and indicate the presence of a new mineralized shoot north of the previous intercepts. The discovery of high-grade silver mineralization in hole DH469 strongly supports the potential for additional high-grade zones deeper in the system. Follow-up drilling is planned to evaluate the vertical continuity and volume potential of this emerging northern shoot. Hole DH466 confirms that the Mangos Fault continues to deliver encouraging silver grades at depth, even at the southern margins of the known system. The Mangos Fault has emerged as a promising structure with consistent mineralization, reinforcing its role in controlling high-grade shoots (Figure 2). "The result from DH469 is a powerful confirmation that the Los Mangos vein system continues to deliver high-grade silver mineralization even beyond our current footprint," commented Guillermo Hernandez, Vice President of Exploration. "This 150-meter step-out significantly expands the system and opens a new corridor for future mineral resource growth. Our team is excited to test this zone at depth, as the geometry and grade point to another shoot, reinforcing our strategy of stepping out aggressively while continuing to build on our vein inventory." Outcrop Silver has completed over 13,400 metres of drilling across the Santa Ana Project in 2025 and continues to advance both mineral resource growth and discovery-focused drilling, with three rigs currently active on site. Table 1. Drill hole assay results reported in this release. * The current knowledge of this structure does not allow for estimating the true width. Table 2. Surface chip and grab sample results in the Los Mangos vein target from the regional exploration program, including those previously reported and referred to in Figure 1 (see News Releases dated August 23, 2023, and March 12, 2025). By their nature, grab samples are selective, and the assay results may not necessarily represent true underlying mineralization. Coordinates are UTM system, zone 18N and WGS84 projection. Hole ID Hole Code Easting (m) Northing (m) Elevation (m) Depth (m) Azimuth (°) Dip (°) DH420 SALM24HD420 501916.349 556451.154 915.18 200.25 303 -45 DH423 SALM24DH423 501917.600 556451.345 915.19 164.71 333 -45 DH425 SALM24DH425 501915.818 556450.553 914.73 215.49 285 -55 DH428 SALM24DH428 501915.742 556450.146 915.19 227.99 273 -55 DH432 SALM24DH432 501881.348 556447.027 921.96 131.46 321 -45 DH434 SALM25DH434 501881.468 556446.758 922.44 151.66 310 -45 DH436 SALM25DH436 501797.491 556358.423 989.71 179.22 315 -51 DH438 SALM25DH438 501796.942 556358.077 989.68 210.61 298 -50 DH440 SALM25DH440 501796.528 556357.559 989.84 190.19 286 -45 DH442 SALM25DH442 501796.528 556357.559 989.84 201.47 335 -49 DH444 SALM25DH444 501796.901 556358.092 989.81 200.55 306 -58 DH447 SALM25DH447 501766.685 556378.891 998.44 120.09 325 -51 DH449 SALM25DH449 501797.565 556358.288 989.73 163.98 325 -58 DH451 SALM25DH451 501796.972 556357.896 989.75 250.24 302 -65 DH453 SALM25DH453 501796.830 556357.426 989.55 242.62 286 -59 DH454 SALM25DH454 501796.932 556357.896 989.59 286.20 305 -69 DH457 SALM25DH457 501797.401 556358.269 989.55 248.71 324 -65 DH459 SALM25DH459 501797.979 556358.194 989.86 229.39 346 -60 DH461 SALM25DH461 501797.955 556358.119 989.36 273.40 346 -66 DH464 SALM25DH464 501796.568 556357.185 989.75 250.24 286 -62 DH466 SALM25DH466 501796.455 556357.080 989.40 298.94 286 -68 DH469 SALM25DH469 502040.595 556537.783 851.73 269.06 315 -45 DH472 SALM25DH472 502040.791 556537.570 851.35 365.05 315 -58 Table 3. Collar and survey table for drill holes reported and referred to in this release. All coordinates are UTM system, Zone 18N, and WGS84 projection. Fe de erratas – Revised intercept for hole DH461 During routine internal quality control, the company identified an underreported silver value in its database for sample #11140 (from 228.14 to 228.45 metres), initially disclosed in the news release dated May 14, 2025. The silver grade was mistakenly recorded as 1,500 g/t Ag, which reflected the capped limit used for the specific assay method (8AR-AA), rather than the actual overlimit value reported through Fire-Assay on the original laboratory certificate (FA-GRA). The correct silver grade for sample #11140 is 5,711 g/t Ag (Table 4). Revised Intercept for DH461 (Table 4): Previous interval: 5.27 metres grading 208 g/t AgEq, including 0.61 metres at 1,282 g/t AgEq. Corrected interval: 5.27 metres grading 456 g/t AgEq, including 0.61 metres at 3,422 g/t AgEq. Table 4. Revised drill hole assays from hole DH461. * The current knowledge of this structure does not allow for estimating the true width. 1 Silver Equivalent Metal prices used for equivalent calculations were US$1,800/oz for gold, and US$25/oz for silver. Metallurgical recoveries based on Outcrop Silver's metallurgical test work are 97% for gold and 93% for silver (see news release dated August 23, 2023). The equivalency formula is as follows: QA/QC Outcrop Silver applied its standard protocols for sampling and assay for exploration activities. Underground channel samples were taken perpendicular to the vein and sample length was broken by geology. Core diameter is a mix of HTW and NTW depending on the depth of the drill hole. Diamond drill core boxes were photographed, sawed, sampled and tagged. Samples were bagged, tagged and packaged for shipment by truck from Santa Ana's core logging facilities in Falan, Colombia to the Actlabs certified sample preparation facility in Medellin, Colombia. ActLabs is an accredited laboratory independent of the Company. HQ-NTW core is sawn with one-half shipped. Samples delivered to Actlabs were AA assayed on Au, Ag, Pb, and Zn at Medellin using 1A2Au, 1A3Au, Multi-elements AR (Ag Cu Pb Zn), and Code 8 methods. Then, samples were sent to Actlabs Mexico for ICP-multi-elemental analysis with code 1E3. In line with QA/QC best practices, blanks, duplicates, and certified reference materials are inserted at approximately three control samples every twenty samples into the sample stream, monitoring laboratory performance. A comparison of control samples and their standard deviations indicates acceptable accuracy of the assays and no detectible contamination. No material QA/QC issues have been identified with respect to sample collection, security and assaying. The samples are analyzed for gold and silver using a standard fire assay on a 30-gram sample with a gravimetric finish for over-limits. Multi-element geochemistry was determined by ICP-MS using either aqua regia or four acid digestions. Crush rejects, pulps, and the remaining core are stored in a secured facility at Santa Ana for future assay verification. Qualified Person The technical information contained in this news release has been reviewed and approved by Mr. Guillermo Hernandez, CPG-AIPG, Vice-President Exploration at Outcrop Silver. Mr. Hernandez is a Qualified Person for the Company as defined by National Instrument 43-101. About Santa Ana The 100% owned Santa Ana project covers 27,000 hectares within the Mariquita District, through titles and applications, known as the largest and highest-grade primary silver district in Colombia with mining records dating back to 1585. Santa Ana's maiden resource estimate, detailed in the NI 43-101 Technical Report titled "Santa Ana Property Mineral Resource Estimate," dated June 8, 2023, prepared by AMC Mining Consultants, indicates an estimated indicated resource of 1,226 thousand tonnes containing 24.2 million ounces silver equivalent 1 at a grade of 614 grams per tonne and an inferred resource of 966 thousand tonnes containing 13.5 million ounces at a grade of 435 grams per tonne of silver equivalent 1. The identified resources span seven major vein systems that include multiple parallel veins and ore shoots: Santa Ana (San Antonio, Roberto Tovar, San Juan shoots); La Porfia (La Ivana); El Dorado (El Dorado, La Abeja shoots); Paraiso (Megapozo); Las Maras; Los Naranjos, and La Isabela. The drilling campaign aims to extend known mineralization and test new high-potential areas along the permitted section of the project's extensive 30 kilometres of mineralized trend. This year's exploration strategy aims to demonstrate a clear pathway to substantially expand the resource. These efforts underscore the scalability of Santa Ana and its potential for substantial resource growth, positioning the project to develop into a high-grade, economically viable, and environmentally responsible silver mine. About Outcrop Silver Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with decades of experience in the region. Outcrop Silver is dedicated to expanding current mineral resources through strategic exploration initiatives. At the core of our operations is a commitment to responsible mining practices and community engagement, underscoring our approach to sustainable development. Our expertise in navigating complex geological and market conditions enables us to consistently identify and capitalize on opportunities to enhance shareholder value. With a deep understanding of the Colombian mining landscape and a track record of successful exploration, Outcrop Silver is poised to transform the Santa Ana project into a significant silver producer, contributing positively to the local economy and setting new standards in the mining industry. ON BEHALF OF THE BOARD OF DIRECTORS Ian Harris Chief Executive Officer +1 604 638 2545 [email protected] Kathy Li Vice President of Investor Relations +1 778 783 2818 [email protected] 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.
Cision Canada
04-06-2025
- Business
- Cision Canada
OUTCROP SILVER CONFIRMS CONSISTENT HIGH-GRADE AND WIDER VEIN INTERCEPTS AT GUADUAL NORTH, INCLUDING 1.86 METRES AT 519 G/T SILVER EQUIVALENT
VANCOUVER, BC, June 4, 2025 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) ("Outcrop Silver") is pleased to announce additional high-grade silver-gold results from the Guadual target, located in the central corridor of its 100% owned Santa Ana high-grade silver project in Colombia. The latest drill holes confirm wider, consistent high-grade mineralization in the Guadual North vein, further supporting the potential of the vein system to contribute to a future mineral resource update. The current confirmed footprint of Guadual is more than 500 metres along strike and 250 metres deep. Outcrop Silver has drilled a total of 3,817 metres in 19 holes to date at Guadual, and plans to execute a short delineation drilling campaign to support the upcoming mineral resource update. Highlights Hole DH463 intercepted 1.86 metres at 519 g/t AgEq (444 g/t Ag and 1.00 g/t Au) in the Guadual North vein (Table 1). Hole DH462 intercepted 0.64 metres at 2,124 g/t AgEq (1,825 g/t Ag and 3.99 g/t Au) in the Guadual vein (Table 1). Holes DH455, DH456, DH458, and DH460 intercepted consistently high-grade silver and gold mineralization in the northern section of the recently discovered high-grade shoot at Guadual North, confirming continuity over a 150 metres step-out to the north (Figure 1). These results validate Guadual North as a zone of consistent, wider vein potential with strong grades, extending over several hundred metres on strike with vertical continuity. Drill hole DH463, in particular, delivers both width and grade, both key factors for future resource modeling. "We're seeing consistent results at Guadual North that demonstrate not only high grades but also wide vein thicknesses that are very encouraging at the current stage," commented Guillermo Hernandez, Vice President of Exploration. "Intercepts like 1.86 metres at 519 g/t AgEq and 1.77 metres at 293 g/t AgEq are particularly promising, as they represent mineralized widths with scale. The added bonus of a splay zone in DH460 returning 3,349 g/t AgEq opens new opportunities to grow the system laterally as well. Guadual is proving to be a key part of the central corridor's evolving high-grade system." The Guadual vein, along with its parallel structure Guadual North, forms part of the central mineralized trend at Santa Ana and represents the northernmost extension of the continuous Aguilar–Jimenez–Guadual vein system (Figure 1 and Figure 4). Structurally, it trends northeast and is hosted in low-grade green schists. The vein system includes multiple parallel veins and splays (Figure 1), with recent drilling confirming both grade consistency and structural continuity over a strike length exceeding 550 metres and a vertical extent of over 250 metres (Figure 4). Importantly, the target remains open both along strike and at depth, offering significant potential for further expansion through ongoing exploration (Figure 4). Table 1. Drill hole assay results reported in this release. * The current knowledge of these structures does not allow for estimating the true width. Aguilar–Jimenez–Guadual Vein System The Aguilar, Jimenez, and Guadual veins form a continuous, structurally connected corridor known as the Aguilar–Jimenez-Guadual vein system, which now includes three confirmed high-grade mineralized shoots (Figure 4) and extends for more than 2 kilometres along strike. With strong vertical continuity between 200 and 250 metres, this mineralized corridor represents one of the most promising high-grade zones within the Santa Ana project. The presence of multiple shoots and parallel splays within each vein points to significant upside potential for expanding the mineral resource both laterally and at depth. Table 2 presents selected drill intercepts from across the entire vein system, highlighting some of the highest silver-equivalent grades drilled in this sector to date. Several veins exhibit multi-metre intercepts with silver-equivalent grades in the multi-kilogram-per-tonne range, further reinforcing the district's strong potential for high-margin, underground resource growth Table 2. Selected drill results at the Aguilar-Jimenez-Guadual vein system in the Santa Ana project. * Based on silver equivalent grade-metres (AgEq gm/t), which reflect the product of grade multiplied by the mineralized length. Length does not represent an estimated true width. Table 3. Surface chip and grab sample results in the Guadual vein target from the regional exploration program, including those previously reported and referred to in Figure 1 (see News Releases dated July 5, 2022, and September 11, 2024). By their nature, grab samples are selective, and the assay results may not necessarily represent true underlying mineralization. Coordinates are UTM system, zone 18N and WGS84 projection. Table 4. Collar and survey table for drill holes reported and referred to in this release. All coordinates are UTM system, Zone 18N, and WGS84 projection. 1 Silver Equivalent Metal prices used for equivalent calculations were US$1,800/oz for gold, and US$25/oz for silver. Metallurgical recoveries based on Outcrop Silver's metallurgical test work are 97% for gold and 93% for silver (see news release dated August 23, 2023). The equivalency formula is as follows: QA/QC Outcrop Silver applied its standard protocols for sampling and assay for exploration activities. Underground channel samples were taken perpendicular to the vein and sample length was broken by geology. Core diameter is a mix of HTW and NTW depending on the depth of the drill hole. Diamond drill core boxes were photographed, sawed, sampled and tagged. Samples were bagged, tagged and packaged for shipment by truck from Santa Ana's core logging facilities in Falan, Colombia to the Actlabs certified sample preparation facility in Medellin, Colombia. ActLabs is an accredited laboratory independent of the Company. HQ-NTW core is sawn with one-half shipped. Samples delivered to Actlabs were AA assayed on Au, Ag, Pb, and Zn at Medellin using 1A2Au, 1A3Au, Multi-elements AR (Ag Cu Pb Zn), and Code 8 methods. Then, samples were sent to Actlabs Mexico for ICP-multi-elemental analysis with code 1E3. In line with QA/QC best practices, blanks, duplicates, and certified reference materials are inserted at approximately three control samples every twenty samples into the sample stream, monitoring laboratory performance. A comparison of control samples and their standard deviations indicates acceptable accuracy of the assays and no detectible contamination. No material QA/QC issues have been identified with respect to sample collection, security and assaying. The samples are analyzed for gold and silver using a standard fire assay on a 30-gram sample with a gravimetric finish for over-limits. Multi-element geochemistry was determined by ICP-MS using either aqua regia or four acid digestions. Crush rejects, pulps, and the remaining core are stored in a secured facility at Santa Ana for future assay verification. Qualified Person Edwin Naranjo Sierra is the designated Qualified Person within the meaning of the National Instrument 43-101 and has reviewed and verified the technical information in this news release. Mr. Naranjo holds a MSc. in Earth Sciences, and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr. Naranjo Sierra is a consultant to the company and is therefore independent for the purposes of NI 43-101. About Santa Ana The 100% owned Santa Ana project covers 27,000 hectares within the Mariquita District, through titles and applications, known as the largest and highest-grade primary silver district in Colombia with mining records dating back to 1585. Santa Ana's maiden resource estimate, detailed in the NI 43-101 Technical Report titled "Santa Ana Property Mineral Resource Estimate," dated June 8, 2023, prepared by AMC Mining Consultants, indicates an estimated indicated resource of 24.2 million ounces silver equivalent at a grade of 614 grams per tonne and an inferred resource of 13.5 million ounces at a grade of 435 grams per tonne. The identified resources span seven major vein systems that include multiple parallel veins and ore shoots: Santa Ana (San Antonio, Roberto Tovar, San Juan shoots); La Porfia (La Ivana); El Dorado (El Dorado, La Abeja shoots); Paraiso (Megapozo); Las Maras; Los Naranjos, and La Isabela. The drilling campaign aims to extend known mineralization and test new high-potential areas along the permitted section of the project's extensive 30 kilometres of mineralized trend. This year's exploration strategy aims to demonstrate a clear pathway to substantially expand the resource. These efforts underscore the scalability of Santa Ana and its potential for substantial resource growth, positioning the project to develop into a high-grade, economically viable, and environmentally responsible silver mine. About Outcrop Silver Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with decades of experience in the region. Outcrop Silver is dedicated to expanding current mineral resources through strategic exploration initiatives. At the core of our operations is a commitment to responsible mining practices and community engagement, underscoring our approach to sustainable development. Our expertise in navigating complex geological and market conditions enables us to consistently identify and capitalize on opportunities to enhance shareholder value. With a deep understanding of the Colombian mining landscape and a track record of successful exploration, Outcrop Silver is poised to transform the Santa Ana project into a significant silver producer, contributing positively to the local economy and setting new standards in the mining industry. ON BEHALF OF THE BOARD OF DIRECTORS 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. SOURCE Outcrop Silver & Gold Corporation
