Outcrop Silver & Gold Corporation (TSX-V:OCG) has intercepted additional “high-grade silver” at the Aguilar vein discovery located 5km south of the existing Santa Ana resource.
The 100% owned Santa Ana Project in Colombia covers 27,000 hectares within the Mariquita District, known as the largest and highest-grade primary silver district in Colombia with mining records dating back to 1585.
These recent drillholes continue to confirm high-grade silver along the main Aguilar vein and the newly discovered parallel and non-outcropping veins.
Complementing these efforts, Outcrop Silver & Gold has ramped up its exploration activities with two active drill rigs and has expanded its regional target generation programs.
These initiatives are integral to Outcrop’s 2024 exploration strategy, aimed at significantly increasing the existing resource and defining new growth pathways along the 30km vein corridor at the Santa Ana project.
Outcrop Silver continues drilling with two active rigs onsite, one in Aguilar and the second testing new targets such as Guadual and Jimenez.
“In 2024, Outcrop Silver is not just drilling; we are methodically executing a vision that unveils the expansive potential of the Santa Ana project. Our recent drilling at the Aguilar vein system underscores this strategy,” President and CEO. Ian Harris says.
“The consistency of high-grade silver findings over an extended strike length, on multiple veins confirm Aguilar’s role as a cornerstone of our ambitious exploration plans. As we continue to step out from the known resources and test new targets, each successful drill hole at Aguilar is a step towards dramatically scaling our resource base, cementing our commitment to deliver substantial value through meticulous, scientific exploration.”
Vice President of Exploration Guillermo Hernandez explains that the Aguilar vein system continues to show its great potential in recent drilling.
“It is fascinating to see additional veins coming out in the core with high grade along the step outs we are conducting. We knew the prospectiveness of this vein system; however, every new drill hole shows additional unexpected veins that will contribute to the success of Santa Project.”
Metal prices used for equivalent calculations were US$1,800/oz for gold, and US$25/oz for silver.
The Aguilar vein system is 200m wide, with at least four formal and continuous high-grade silver quartz veins confirmed through drilling. These structurally complex vein systems represent excellent potential along the 1.8 km Aguilar-Guadual corridor locally.
Santa Ana’s maiden resource estimate – setailed in the NI 43-101 Technical Report on 8 June 2023 – 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 2024 drilling campaign aims to extend known mineralisation and test new high-potential areas along the project’s extensive 30km of strike. 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, the company says.
Outcrop Silver is an explorer and developer focused on advancing its flagship Santa Ana silver project in Colombia.
Write to Adam Orlando at Mining.com.au
Images: Outcrop Silver
