Outcrop Silver & Gold Corp Reports Promising Drilling Results at Santa Ana Silver Project
- Outcrop Silver & Gold reports significant drilling results at the Los Mangos vein, indicating potential mineral resource expansion.
- Hole DH469 shows 1.06 meters at 1,930 g/t AgEq, including 0.30 meters at 4,988 g/t AgEq.
- The company aims to refine resource estimates and enhance exploration of its Santa Ana silver project in Colombia.
Outcrop Silver & Gold Corp Enhances Silver Prospects with New Drilling Results
Outcrop Silver & Gold Corporation announces significant advancements in its exploration of the Los Mangos vein system, a key component of its wholly-owned Santa Ana high-grade silver project in Colombia. The company reveals impressive drilling results that indicate the potential for substantial mineral resource expansion. Notably, hole DH469 records an exceptional intersection of 1.06 meters at a grade of 1,930 grams per tonne (g/t) silver equivalent (AgEq), including a remarkable 0.30 meters grading 4,988 g/t AgEq. This development not only highlights the rich mineralization present in the area but also suggests the continuation of high-grade mineralized structures to the north of the existing known resources.
The drilling campaign, characterized by a strategic 150-meter step-out from previously identified mineralization, provides compelling evidence for the continuity of the Los Mangos vein system. Such results bolster the company’s confidence in its exploration strategies and enhance the prospects for discovering new high-grade mineralized shoots. Outcrop Silver & Gold emphasizes the importance of these findings in enriching its resource base, especially in light of the recent identification of high-grade silver mineralization found at greater depths. However, the company acknowledges that the current understanding of the geological structure does not allow for a precise estimation of the true mineralized zone width, necessitating further investigation.
Previous exploration efforts at the Santa Ana project have yielded promising results, yet they remain selectively sampled, which may not fully represent the underlying mineralization. The maiden resource estimate for the project, as detailed in the NI 43-101 Technical Report published on June 8, 2023, indicates a total indicated resource of 1,226 thousand tonnes containing approximately 24.2 million ounces of silver equivalent at an impressive grade of 614 grams per tonne. Additionally, an inferred resource of 966 thousand tonnes is reported, containing 13.5 million ounces at a grade of 435 grams per tonne. These findings set a solid foundation for Outcrop Silver & Gold as it continues to explore and expand its high-grade silver resources in the area.
As drilling efforts persist, the company remains committed to advancing its understanding of the Los Mangos vein system and aims to refine its resource estimates. The ongoing exploration is crucial not only for enhancing the project's value but also for leveraging Colombia's rich geological potential in high-grade silver mining. The positive results from the latest drilling underscore Outcrop Silver & Gold's strategic focus on expanding its resource base while navigating the complexities of mineral exploration in a competitive market.