Latest news with #OutcropSilver
Cision Canada
6 days ago
- 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
Cision Canada
14-05-2025
- Business
- Cision Canada
OUTCROP SILVER EXPANDS LOS MANGOS VEIN SYSTEM WITH NEW HIGH-GRADE INTERCEPTS INCLUDING 3.86 METRES AT 621 g/t SILVER EQUIVALENT
VANCOUVER, BC, May 14, 2025 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) ("Outcrop Silver") is pleased to announce new drill results from the Los Mangos vein at its 100%-owned Santa Ana high-grade silver project in Colombia. The latest intercepts further confirm the presence of wide, high-grade zones within the system and reinforce the continuity of mineralization along strike and at depth (Figure 1 and Figure 2). These results follow the company's previously announced intercept of 18.30 metres at 992 g/t AgEq in hole DH459 (News Release dated May 6, 2025), and support the emerging significance of Los Mangos as one of the project's most robust vein systems discovered to date. Highlights Hole DH464 returned 3.86 metres at 621 g/t AgEq (433 g/t Ag and 2.51 g/t Au) (Table 1, Figure 3) Recently announced high-grade drill results along strike at Los Mangos: DH459: 18.30 metres at 992 g/t AgEq (News Release dated May 6, 2025) DH457: 8.20 metres at 669 g/t AgEq (News Release dated April 22, 2025) DH451: 7.18 metres at 358 g/t AgEq (News Release dated April 1, 2025) DH444: 1.92 metres at 586 g/t AgEq (News Release dated March 12, 2025) "Every new intercept at Los Mangos strengthens the case that the central portion of Santa Ana can add meaningful tonnes and grade in short order. These results validate our fully funded 24,000 metre drill program, which is laser focused on converting discoveries into ounces for the next resource update. We are executing exactly what we laid out to investors," stated Ian Harris, President & CEO. "This momentum is possible only through the hard work of our on site teams and the strong partnership we share with the people of Falan and Tolima—together carrying a 400 year silver legacy into the next generation." The Los Mangos vein system lies in the southwestern portion of the fully permitted 17 kilometer mineralized corridor of the Santa Ana Project and is located more than 8 kilometres south of the current resource area (News Release April 26, 2023). Drilling has confirmed to date, a strike length of over 350 metres and vertical continuity exceeding 250 metres, with mineralization hosted in quartz-sulfide breccias and veins within altered green schists and intrusive dikes (Figure 3 and 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. "With each new hole, Los Mangos continues to prove itself as one of the most exciting discoveries within the Santa Ana project," commented Guillermo Hernandez, Vice President of Exploration. "These intercepts demonstrate not only the continuity of grade but also the persistence of thickness, which is critical for future resource expansions. Our targeting is becoming increasingly precise, and we remain confident that continued drilling will expand the high-grade footprint ahead of our upcoming resource update." Table 3. 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. 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.
Yahoo
14-05-2025
- Business
- Yahoo
OUTCROP SILVER EXPANDS LOS MANGOS VEIN SYSTEM WITH NEW HIGH-GRADE INTERCEPTS INCLUDING 3.86 METRES AT 621 g/t SILVER EQUIVALENT
VANCOUVER, BC, May 14, 2025 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) ("Outcrop Silver") is pleased to announce new drill results from the Los Mangos vein at its 100%-owned Santa Ana high-grade silver project in Colombia. The latest intercepts further confirm the presence of wide, high-grade zones within the system and reinforce the continuity of mineralization along strike and at depth (Figure 1 and Figure 2). These results follow the company's previously announced intercept of 18.30 metres at 992 g/t AgEq in hole DH459 (News Release dated May 6, 2025), and support the emerging significance of Los Mangos as one of the project's most robust vein systems discovered to date. Highlights Hole DH464 returned 3.86 metres at 621 g/t AgEq (433 g/t Ag and 2.51 g/t Au) (Table 1, Figure 3) Recently announced high-grade drill results along strike at Los Mangos: DH459: 18.30 metres at 992 g/t AgEq (News Release dated May 6, 2025) DH457: 8.20 metres at 669 g/t AgEq (News Release dated April 22, 2025) DH451: 7.18 metres at 358 g/t AgEq (News Release dated April 1, 2025) DH444: 1.92 metres at 586 g/t AgEq (News Release dated March 12, 2025) "Every new intercept at Los Mangos strengthens the case that the central portion of Santa Ana can add meaningful tonnes and grade in short order. These results validate our fully funded 24,000 metre drill program, which is laser focused on converting discoveries into ounces for the next resource update. We are executing exactly what we laid out to investors," stated Ian Harris, President & CEO. "This momentum is possible only through the hard work of our on site teams and the strong partnership we share with the people of Falan and Tolima—together carrying a 400 year silver legacy into the next generation." The Los Mangos vein system lies in the southwestern portion of the fully permitted 17 kilometer mineralized corridor of the Santa Ana Project and is located more than 8 kilometres south of the current resource area (News Release April 26, 2023). Drilling has confirmed to date, a strike length of over 350 metres and vertical continuity exceeding 250 metres, with mineralization hosted in quartz-sulfide breccias and veins within altered green schists and intrusive dikes (Figure 3 and Figure 4). Target Hole ID From(m) To(m) Interval(m) EstimatedTrue Width(m) Aug/t Agg/t AgEq1g/t Vein Los Mangos DH461 203.30 203.67 0.37 * 0.17 205 217 Vein DH461 223.48 228.75 5.27 3.13 0.17 195 208 Los Mangos Including 228.14 228.75 0.61 0.36 0.92 1,213 1,282 DH464 111.75 112.07 0.32 * 0.05 458 462 Mangos Fault DH464 224.99 228.85 3.86 2.41 2.51 433 621 Los Mangos Including 224.99 225.60 0.61 0.38 1.67 895 1,020 And 226.40 227.16 0.76 0.47 6.53 108 598 And 227.16 228.16 1.00 0.62 3.37 984 1,237 DH464 239.71 240.01 0.30 * 0.12 341 349 Vein Table 1. Drill hole assay results reported in this release. * The current knowledge of these structures does not allow for estimating the true width. "With each new hole, Los Mangos continues to prove itself as one of the most exciting discoveries within the Santa Ana project," commented Guillermo Hernandez, Vice President of Exploration. "These intercepts demonstrate not only the continuity of grade but also the persistence of thickness, which is critical for future resource expansions. Our targeting is becoming increasingly precise, and we remain confident that continued drilling will expand the high-grade footprint ahead of our upcoming resource update." Sample Easting(m) Northing(m) Elevation(m) SampleType Aug/t Agg/t AgEq1g/t Release Date 15491 501854.0 556550.0 866.08 Dump Grab 8.07 234 840 August 23, 2023 17351 501681.0 556466.0 1012.00 Chip 0.22 297 314 March 12, 2025 17528 501846.0 556532.2 875.00 Dump Grab 8.04 301 905 March 12, 2025 17531 501847.0 556533.2 875.00 Dump Grab 7.15 81 618 March 12, 2025 17532 501844.0 556530.2 875.00 Dump Grab 0.56 3,019 3,061 March 12, 2025 17687 501659.0 556484.0 1028.00 Chip 3.73 907 1,187 March 12, 2025 17688 501660.0 556474.0 1035.00 Chip 3.04 344 572 March 12, 2025 17765 501754.0 556392.0 987.00 Dump Grab 12.57 215 1,159 March 12, 2025 17766 501742.0 556411.0 974.00 Chip 6.22 122 589 March 12, 2025 Table 3. 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 556358.119 989.361 273.40 346 -66 DH464 SALM25DH464 501796.568 556357.185 989.749 250.24 286 -62 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. 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. 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 View original content to download multimedia:
Cision Canada
08-05-2025
- Business
- Cision Canada
OUTCROP SILVER ANNOUNCES PARTNER FUNDED MAIDEN DRILL PROGRAM AT THE PEARL COPPER PROJECT, ARIZONA
VANCOUVER, BC, May 8, 2025 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG, OTCQX:OCGSF, DE:MRG) ("Outcrop Silver") is pleased to announce the commencement of the maiden drill program at the Pearl Copper Project located in Arizona, United States. The drilling campaign will be fully funded by Golden Mile Resources Limited (ASX: G88), whereby Golden Mile is currently earning a 51% interest through funding this A$2 million maiden drill program. Outcrop Silver retained a 1% net smelter return (NSR) royalty. Outcrop Silver advances the Pearl Copper project through an earn-in agreement with Golden Mile Resources (ASX:G88). Program fully funded by Golden Mile. The Pearl project is located in the prolific Laramide porphyry copper district, which is responsible for 70% of the United States of America's copper production. All drilling permits secured from the Bureau of Land Management (BLM) and the Arizona State Land Department (ASLD). The maiden drill program to test high-grade copper-silver-gold targets at the Odyssey and Ford prospects has commenced. "Golden Mile's fully funded drill program moves Pearl forward at no cost to Outcrop Silver and exemplifies our strategy of unlocking value from non-core assets while we focus capital on expanding the high-grade Santa Ana silver project in Colombia," stated Ian Harris, President & CEO of Outcrop Silver. The Pearl Copper project is located in the Laramide porphyry copper district, one of the most prolific copper-producing regions globally, accounting for approximately 70% of U.S. copper production. The project sits immediately north of BHP's past-producing San Manuel-Kalamazoo Mine and along the trend with Capstone Copper's active Pinto Valley Mine, benefiting from exceptional infrastructure and a skilled local workforce. Following the receipt of all required exploration permits, including the Notice of Intent (NOI) from the BLM and the Special Land Use Permit (SLUP) and Geologic Field Operation Plan (GFOP) from the ASLD, drilling has commenced. This maiden drill program consists of 14 to 16 reverse circulation (RC) holes totaling up to 1,800 metres, and will test two priority targets. Transaction On September 12, 2024 Golden Mile purchased an option on Pearl for A$100,000 (Australian Dollars) with Outcrop Silver retaining a 1% NSR royalty. Golden Mile has the option to earn-in to 51% by funding A$2,000,000 in exploration expenditures by September 12, 2027. Golden Mile may also earn an additional 34% by funding an additional A$10,000,000 in exploration expenditures within 5 years. Upon completing the earn-in a joint venture will be formed with both parties funding proportionally. If either party dilutes below 10%, their interest will convert to an additional 1% NSR royalty. At such time that a JORC compliant resource achieves 750,000 tonnes of contained copper at a minimum grade of 0.3%, Golden Mile will pay Outcrop Silver A$2,000,000. The Pearl Copper project was acquired through the amalgamation with Zacapa Resources. Zacapa's portfolio also included the Kramer Hills brownfield oxide gold project in San Bernardino, California and the South Bullfrog, gold project in Beatty, Nevada adjacent to Anglo Gold's Silicon project. 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 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. About Golden Mile Golden Mile is a project development and mineral exploration company. The primary focus is on growing the Company with a multi-asset and multi-commodity strategy through advancing core projects, acquiring high-quality assets, and tactical alliances with joint venture partners. 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.
Globe and Mail
06-05-2025
- Business
- Globe and Mail
Junior Miner Skyrockets After Striking Near-Kilo Silver Intercept
As the price of silver continues to trade near multi-year highs—driven by factors such as inflation hedging, industrial demand, and geopolitical uncertainty—investor interest in the sector remains strong. Against this backdrop, news of a major high-grade drill result acted as a catalyst for a junior mining company, capturing market attention. The impressive find not only validated the company's exploration efforts but also sent its share price soaring as traders rushed to gain exposure. Shares of Outcrop Silver & Gold Corp. (TSX-Venture: OCG) (OTCQX: OCGSF) are on a tear today as the company announced a major high-grade silver drill result at the Los Mangos vein, part of its 100%-owned Santa Ana high-grade silver project in Colombia. Follow-up drilling has delivered the widest and highest-grade intercept to date from the Los Mangos target, located more than 8 kilometres south of the current resource area, reinforcing the system's scale and continuity. Hole DH459 delivered one of the most significant drill results in the history of the Santa Ana project, with an impressive silver equivalent grade-metres value of 18,157 g/t AgEq. The hole intersected 18.30 metres grading 992 g/t silver equivalent, including 736 g/t silver and 3.41 g/t gold, within the Los Mangos vein. This high-grade mineralization was encountered 193 metres downhole, beneath the historic mine workings. The impressive size and quality of the mineralization found in drill hole DH459 confirm a large, high-grade zone where the Los Mangos and Mangos SE veins meet. This result also shows that the silver extends deep underground, with the metal found in rock formations made up of broken quartz and other minerals. "This is a transformational intercept for the Los Mangos system," commented Ian Harris , President and CEO. "Drilling 18.30 metres at nearly 1 kilogram per tonne silver equivalent is extraordinary. It shows the exceptional grade and the system's structural robustness and width potential. With results like these continually to systematically step out more than 8 kilometres south of our current resource, we're confident we are increasing our understanding of the scale of Santa Ana. As we continue testing priority targets across the district, we're well-positioned to deliver further high-grade discoveries ahead of our next resource update." 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. Shares of OCG are currently up 13.16% while U.S. listed shares (OCGSF) are trading higher by 11.59% at $0.154 in late-morning trading. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
