Outcrop Silver's Exploration Update
Outcrop Silver & Gold Corporation is excited to share the results of its recent exploration drilling at the Aguilar vein, part of its Santa Ana high-grade primary silver project. This drilling campaign has uncovered additional non-outcropping veins and achieved remarkable results, further supporting the potential for resource expansion.
Drilling Details and Findings
In total, the first drilling campaign covered an impressive 4,606 meters through various drilling holes. Currently, Outcrop Silver is operating two rigs—one at the Jimenez vein and another at the La Ye vein—pursuing further promising mineralization.
High-Grade Drill Results
The standout results from this drilling round include:
- Drill hole DH399 recorded 1.08 meters, yielding 928 grams per tonne silver equivalent at the Aguilar vein.
- Extensive drilling confirmed vein continuity across a 650-meter strike and a depth of approximately 200 meters, indicating the presence of multiple mineralized shoots.
- The weighted average grade for the Aguilar vein was reported at 568 grams per tonne AgEq, comprising 2.26 g/t Au and 398 g/t Ag.
- Specific assays from the Aguilar North vein reported an average of 974 grams per tonne of silver equivalent, while the Aguilar FW yielded 750 grams per tonne AgEq.
Strategic Insights
According to Guillermo Hernandez, the Vice President of Exploration, "The consistently high-grade results we are observing at the Aguilar vein exceed our expectations. The continuous mineralization reinforces our belief in the Santa Ana project's quality. With the data collected, we are well-positioned to expand our resource base across Santa Ana, focusing on new targets." This strategy indicates a promising trajectory for the company as it aims to enhance its existing resources.
Future Exploration Goals
As part of its ongoing efforts, Outcrop Silver plans to further explore the Aguilar vein and its extensions. With historical evidence of high-grade mineralization coupled with accessible depths of between 100 to 150 meters, Outcrop is strategically focusing on unlocking the full potential of its silver resources.
Aguilar Vein and Other Targets
The Aguilar North and Aguilar FW veins are showing considerable promise, with weighted average grades suggesting robust opportunities for future drilling. The Aguilar HW vein also exhibits significant potential with an established extension of 550 meters along strike and promising grades.
About Outcrop Silver & Gold Corporation
Outcrop Silver is dedicated to advancing its flagship Santa Ana high-grade silver project, which encompasses 27,000 hectares in the Mariquita District of Colombia. This region is recognized for its rich mining history dating back to 1585, establishing it as the largest and highest-grade primary silver district in the country.
The latest resource estimate, prepared by AMC Mining Consultants, highlights an indicated resource of 24.2 million ounces of silver equivalent, alongside an inferred resource of 13.5 million ounces, showcasing the project's immense potential.
Frequently Asked Questions
What are the main highlights of Outcrop Silver's recent drilling?
The drilling at Aguilar vein revealed high-grade intercepts, including 928 g/t AgEq over 1.08 meters, demonstrating significant mineralization potential.
How many meters were drilled in the recent campaign?
A total of 4,606 meters were drilled, covering extensive ground at the Aguilar vein and its nearby targets.
What is the potential of the Aguilar vein system?
The Aguilar vein system shows promising continuity and high-grade results, suggesting multiple mineralized zones ready for further exploration.
What future plans does Outcrop Silver have for the Aguilar project?
Outcrop Silver plans to focus on exploring the known extensions of the Aguilar vein and testing new high-potential areas.
How does Outcrop Silver ensure quality in its drilling and assays?
The company implements strict QA/QC protocols during sampling and assay processes, using recognized laboratories to verify analytical quality.
