Outcrop Silver books high-grade assays at Santa Ana in Colombia

Outcrop Silver & Gold (TSXV: OCG) logged hits as high as 1,913 grams silver per tonne from step-out exploration south of the primary source at its Santa Ana task in west-central Colombia.

Emphasize opening DH442 cut 2 metres rating 38 grams silver per tonne and 1.94 grams gold from 123.2 metres deepness, Outcrop reported on Wednesday. That opening additionally reduced 2.4 metres at 357 grams silver and 0.63 grams gold, and 0.4 metres rating 1,913 grams silver and 0.26 grams gold. The task lies near Falan, Tolima Division, around 200 kilometres west of the resources Bogota.

” The arise from Los Mangos are a significant innovation for the Santa Ana task, verifying top-quality silver-gold mineralization in yet one more considerable step-out,” Outcrop’s vice-president of expedition Guillermo Hernandez claimed in a launch. “Striking solid qualities greater than 8 kilometres south of the closest source blood vessel confirms the fantastic capacity of this system and confirms our expedition technique.”

Silver rates, driven by commercial need for the steel in eco-friendly power modern technology, increased 0.5% to $33.06 per oz. on Wednesday early morning. Its cost has more than a lot of the previous year touched highs last seen in 2013.

Firm shares acquired 3% to C$ 0.26 each, providing the business a market capitalization of C$ 89.6 million. Its shares have actually sold a 52-week variety of C$ 0.16 to C$ 0.34.

Historic mining

The more comprehensive blood vessel sizes in opening DH442 line up with monitorings from the historical El 20 below ground functions in the location, Outcrop claimed. That strengthens the existence of a solid and constant blood vessel system at the website, component of a location called Colombia’s biggest and highest possible quality main silver area where mining goes back to 1585.

Various other notable assays were logged from the Mangos SE blood vessel, where opening DH444 reduced 1.92 metres rating 486 grams silver and 1.33 grams gold from 143.9 metres deepness, consisting of 0.8 metres at 1,164 grams silver and 2.6 grams gold.

Opening DH436 in the Los Mangos blood vessel converged 0.42 metre at 874 grams silver and 0.03 grams gold from 161.8 metres deepness.

Santa Ana hosts 1.22 million suggested tonnes rating 446 grams silver and 2.3 grams gold for 17.5 million consisted of silver oz. and 88,800 oz. gold, according to a 2023 first source. Presumed sources complete 966,000 tonnes at 312 grams silver and 1.6 grams gold, for 9.6 million oz. silver and 50,900 oz. gold.