Outcrop Silver & Gold confirms continuity of high-grade silver at Guadal target, Santa Ana Project, Colombia
Outcrop Silver & Gold Corp. [TSX: OCG; OTCQX: OCGSF; DE: MRG] reported additional drill results from the Guadual target at its 100%-owned Santa Ana silver project in Colombia. The results confirm the continuity of mineralization within the principal structure and further define the geometry of mineralized shoots within the system.
Highlights: DH567 intersected 0.84 metres estimated true width (ETW) grading 2,844 g/t silver equivalent (AgEq) (2,505 g/t Ag and 3.84 g/t Au).
DH593 intersected 1.17 metres ETW grading 1,889 g/t AgEq (1,287 g/t Ag and 6.83 g/t Au), demonstrating consistency of mineralization within the interpreted plunging zone.
DH587 returned 6.85 metres ETW grading 227 g/t AgEq (167 g/t Ag and 0.68 g/t Au), indicating the presence of broader mineralized intervals within the system.
Drilling at Guadual continues to confirm continuity of the principal mineralized structure and further define mineralized shoots within the target.
At Guadual, recent drilling was designed to test and expand a mineralized zone interpreted to plunge approximately 45 degrees, building on previously reported drilling that established the continuity of the system. The current results confirm continuity of the principal structure and further define mineralized shoots within the target through a combination of step-out and infill drilling.
Vein intercepts returned consistent grades and widths across multiple drill holes, supporting the interpretation of high-grade continuity within this plunging zone. Broader intervals, including 6.85 metres estimated true width grading 227 g/t AgEq (167 g/t Ag and 0.68 g/t Au) in hole DH587, together with higher-grade intercepts such as those observed in holes DH567 and DH593, indicate a well-defined mineralized system with both grade and thickness continuity.
“The latest drill results from Guadual continue to demonstrate the consistency and continuity of mineralization within one of our key target areas at Santa Ana,” commented Rob Bruggeman, President and CEO. “Drilling is improving our understanding of the geometry of mineralized shoots, including a zone with a consistent plunge, and further strengthening the geological model that supports ongoing resource definition at the project.”
Ongoing drilling and geological modeling are improving the definition of vein geometry, including the orientation and extent of mineralized shoots. These results are being incorporated into the company’s geological interpretation and resource modeling work, subject to validation and estimation parameters.
The latest results from Guadual build on previously reported drilling and continue to improve the company’s understanding of the structural controls, geometry, and distribution of mineralization within the Santa Ana project. The consistency of grades and widths observed across the target supports the interpretation of a coherent mineralized system and provides additional support for the continuity of mineralized shoots at depth.
These results also contribute to the ongoing refinement of the company’s structural and geological model, including the definition of mineralized domains and their spatial relationships within the vein system. The latest Guadual drill results are expected to be incorporated into the company’s geological interpretation and resource modeling work, supporting an updated Mineral Resource estimate anticipated later this quarter.
The Santa Ana project spans over 28,000 hectares within the Mariquita District, encompassing both 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 dated June 8, 2023, prepared by AMC Mining Consultants, indicates an estimated Indicated resource of 1,226,000 tonnes containing 24.2 million ounces silver equivalent grading 614 g/t and an Inferred resource of 966,000 tonnes containing 13.5 million ounces gradingf 435 g/t silver equivalent.
The identified resources span seven major vein systems that include multiple parallel veins and mineralized 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 current drill campaign has extended known mineralization and tested additional target areas within the 17-km-long fully permitted mineralized corridor at the Santa Ana Project. Since the start of the current campaign, drilling has confirmed mineralization in six vein systems—Aguilar, Jimenez, La Ye, Los Mangos, Guadual, and Morena—through a combination of step-out, testing, and delineation drilling. Results from these programs are being incorporated into updated geological interpretations and three-dimensional models. They will support ongoing drilling activities and the preparation of the next mineral resource estimate update.