Outcrop Silver & Gold Corporation has intersected a new high-grade mineralized ore shoot and extended high-grade results at the Las Maras target within its flagship Santa Ana Project in Colombia.

At the main Santa Ana structure, drilling identified a new mineralized zone designated “Shoot 7” within an interpreted structural swell. Hole DH648 intersected 9.16 metres grading 188 g/t silver equivalent, comprising 127 g/t silver and 0.70 g/t gold, with an estimated true width of 5.28 metres. The intercept included a higher-grade interval of 0.40 metres grading 2,693 g/t silver equivalent.

Shoot 7 has no expression at surface and was targeted using a structural model predicting ore shoot spacing of 300 to 400 metres along strike. Separately, hole DH652 intersected 0.30 metres grading 5,947 g/t silver equivalent within a hanging-wall splay structure at Santa Ana.

At the Las Maras target, drilling tested the down-dip continuity of the near-vertical shoot. Hole DH637 returned 2.86 metres grading 2,214 g/t silver equivalent, comprising 1,760 g/t silver and 5.14 g/t gold, with an estimated true width of 2.30 metres. This interval included 0.51 metres grading 5,533 g/t silver equivalent. Hole DH624 intersected a splay structure at Las Maras returning 0.30 metres grading 4,355 g/t silver equivalent.

Outcrop Silver holds a 100% interest in the 28,000-hectare Santa Ana project. The project's maiden resource estimate from June 8, 2023, outlined an indicated resource of 1,226 thousand tonnes grading 614 g/t silver equivalent containing 24.2 million ounces, alongside an inferred resource of 966 thousand tonnes grading 435 g/t silver equivalent containing 13.5 million ounces.

The company anticipates releasing an updated mineral resource estimate for the Santa Ana Project in September 2026, incorporating the latest drill results from the ongoing exploration campaign.

“The confirmation of Shoot 7 at Santa Ana is an important validation of our structural model – this shoot has no expression at surface, so the only basis for testing this location was the approximately 300-to-400-metre spacing we have now observed along the structure, and drilling confirmed it,” commented Carlos Torres, Vice President of Exploration.

— Carlos Torres, Vice President of Exploration

Read the full announcement: OUTCROP SILVER IDENTIFIES NEW HIGH-GRADE SHOOT AT SANTA ANA AND EXTENDS HIGH-GRADE RESULTS AT LAS MARAS