Outcrop Silver Announces New Discovery at Morena
Outcrop Silver & Gold Corporation (TSXV: OCG) is thrilled to share the exciting news of a significant new high-grade silver shoot discovered at the Morena vein within its 100%-owned Santa Ana project. This discovery represents the sixth high-grade vein identified since the commencement of the current drilling campaign that started in early 2024. Such continuous findings are proving to be pivotal for the growth trajectory of the Santa Ana project as the company heads towards a mineral resource update.
Key Highlights of the Discovery
Recent drilling results from two holes have provided impressive grades:
- DH471 reported 1.87 meters grading 680 g/t silver (Ag) and 1.52 g/t gold (Au), including 0.55 meters at a staggering 1,877 g/t Ag and 4.26 g/t Au.
- DH467 measured 2.29 meters at 233 g/t Ag and 0.37 g/t Au, featuring 0.35 meters at 873 g/t Ag and 0.80 g/t Au.
Indications from the Drilling Campaign
The successful drilling campaign at the Morena vein is a result of systematic exploration efforts focused on multiple targets across the project. Through comprehensive geological modeling and validation of interpretations via drilling, Outcrop Silver has been able to identify this promising structural corridor. Notably, initial soil geochemistry and trenching conducted in recent months confirmed the presence of the Morena vein extending approximately 400 meters along strike, further accentuating its mineralized potential.
Future Prospects & Resource Growth
Outcrop Silver's recent discoveries at Morena, along with previously discovered mineralized zones, contribute to a burgeoning pipeline of assets. The company continues its extensive drilling efforts across notable targets like Aguilar, Jimenez, Guadual, La Ye, and Los Mangos. Each of these areas is currently undergoing testing to determine their viability for inclusion in the upcoming mineral resource update.
Expert Commentary
Guillermo Hernandez, Vice President of Exploration at Outcrop Silver, expressed enthusiasm about the find: "We are excited to confirm the sixth new high-grade shoot at Santa Ana. This discovery exemplifies our disciplined exploration strategy and validates our geological models, reinforcing the growth strategy of Outcrop Silver across Santa Ana." His insights underscore the potential of the Morena vein and the broader exploration landscape of the project.
Additional Information About Santa Ana
The Santa Ana project spans an impressive 27,000 hectares and stands as one of the largest primary silver districts recognized in its region, showcasing over 400 years of historical mining activity. The project not only contains high-grade silver deposits but also holds a strong potential to evolve into a major contributor to the silver market.
Summary of the Company’s Operations
Outcrop Silver is dedicated to responsible mining practices and sustainable development within the communities it operates. The firm's future is poised for substantial growth as it continues to identify and capitalize on mineral opportunities through strategic exploration initiatives. With robust expertise in navigating complex geological and market conditions, Outcrop Silver maintains a focus on driving shareholder value through its innovative and disciplined exploration programs.
Frequently Asked Questions
What has Outcrop Silver recently discovered at the Morena vein?
Outcrop Silver announced the discovery of a new high-grade silver shoot within the Morena vein, part of the Santa Ana project, marking the sixth high-grade shoot found in the current drilling campaign.
What are some notable results from recent drill holes?
Notable results include drill holes DH471 and DH467, which intercepted silver grades of up to 1,877 g/t and 873 g/t respectively, demonstrating the high mineralization potential of the Morena vein.
What is the significance of this discovery for Outcrop Silver?
The Morena discovery significantly boosts Outcrop Silver's growth potential and is likely to play a key role in an upcoming mineral resource update. It showcases the effectiveness of their exploration strategy and geological modeling.
How large is the Santa Ana project?
The Santa Ana project covers 27,000 hectares, making it one of the largest silver projects in the region.
What is Outcrop Silver's commitment to the community?
Outcrop Silver prioritizes responsible mining practices and community engagement, focusing on sustainable development and striving to positively impact the local economy.
