MORENA BECOMES SIXTH HIGH-GRADE DISCOVERY IN SANTA ANA'S CURRENT DRILL PROGRAM

22.07.25 13:30 Uhr

Werte in diesem Artikel

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)

Estimated
True
Width
(m)

Ag
g/t

Au
g/t

AgEq1
g/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.

Figure 1. The plan view of the Morena vein target shows the drill holes reported in this release (Table 1), exploratory trenches, and surface exploration samples (Table 2). Coordinates are in the UTM system, zone 18N, and WGS84 projection. Holes DH415, DH417, DH465, DH468, DH470, DH473, and DH475 intercepted the Morena vein as a quartz vein with different lengths and with No Significant Results. No Significant Result means an intercept lower than 200 g/t AgEq[1]. (CNW Group/Outcrop Silver & Gold Corporation)

Figure 2. Geological cross-section showing the Morena vein. The section width is 60 metres. Hole DH468 intercepted 0.30 m of quartz vein with No Significant Results. No Significant Result means an intercept lower than 200 g/t AgEq[1]. (CNW Group/Outcrop Silver & Gold Corporation)

Sample

Easting
(m)

Northing
(m)

Elevation
(m)

Sample
Type

 Ag
g/t

 Au
g/t

 AgEq1
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.

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:

Silver Equivalency Formula (CNW Group/Outcrop Silver & Gold Corporation)

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 Harris
Chief Executive Officer
+1 604 638 2545
harris@outcropsilver.com
www.outcropsilver.com

Kathy Li 
Vice President of Investor Relations
+1 778 783 2818
li@outcropsilver.com 

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.

Outcrop Silver logo (CNW Group/Outcrop Silver & Gold Corporation)

SOURCE Outcrop Silver & Gold Corporation

Ausgewählte Hebelprodukte auf Oriental Culture

Mit Knock-outs können spekulative Anleger überproportional an Kursbewegungen partizipieren. Wählen Sie einfach den gewünschten Hebel und wir zeigen Ihnen passende Open-End Produkte auf Oriental Culture

NameHebelKOEmittent
NameHebelKOEmittent
Wer­bung

Nachrichten zu Outcrop Silver & Gold Corporation Registered Shs

Wer­bung