Outcrop Silver Receives C$4.1 Million from Warrant Exercise
Outcrop Silver's Financial Milestone
Outcrop Silver & Gold Corporation is excited to report significant progress in bolstering its treasury by raising total proceeds of C$4,145,742 through the exercise of 18,774,099 common share purchase warrants. Each warrant was exercised at an average price of C$0.22, strengthening the company's financial position upon receiving this capital.
Ongoing Drilling Program at Santa Ana
In addition to this financial boost, Outcrop Silver has been diligently advancing its drill program at the Santa Ana high-grade primary silver project. Currently, three drilling rigs are operating, having completed over 21,000 metres as of this year. With such momentum, Outcrop has revised its drilling estimate for 2025 from an original 24,000 metres to an ambitious 31,000 metres. This proactive approach aims to support an important resource update anticipated in the first quarter of 2026.
The Role of the Qualified Person
The technical insights within this announcement have been thoroughly evaluated and endorsed by Mr. Guillermo Hernandez, CPG-AIPG, the Vice-President of Exploration at Outcrop Silver. His role as a Qualified Person is crucial, ensuring compliance with National Instrument 43-101 standards, which govern the reporting of mining and exploration activities in Canada.
Company Background and Vision
Outcrop Silver focuses on advancing its flagship Santa Ana project, recognized for its high-grade silver properties. The company is guided by a seasoned team of professionals who leverage their extensive experience within the region to enhance mineral resources through strategic exploration initiatives.
Commitment to Sustainable Practices
At Outcrop Silver, a core principle lies in the commitment to responsible mining practices and engaging with local communities. The company’s approach to sustainable development emphasizes building positive relationships and contributing to the local economy. With a thorough understanding of the complexities within the mining landscape, Outcrop Silver consistently identifies opportunities that enhance shareholder value through exploration success.
Leadership and Contact Information
Outcrop Silver's leadership team plays a pivotal role in guiding the company's strategic direction. Ian Harris, the Chief Executive Officer, is reachable at +1 604 638 2545 or via email at harris@outcropsilver.com. For inquiries regarding investor relations, Kathy Li, Vice President of Investor Relations, can be contacted at +1 778 783 2818 or through her email at li@outcropsilver.com.
Frequently Asked Questions
What recent financial milestone did Outcrop Silver achieve?
Outcrop Silver raised C$4.1 million through the exercise of common share purchase warrants.
How many meters has Outcrop Silver drilled in 2025 so far?
Outcrop Silver has completed over 21,000 meters of drilling in 2025.
When is the resource update expected?
The resource update is anticipated in the first quarter of 2026.
Who is responsible for the technical information in this report?
The technical information has been reviewed by Mr. Guillermo Hernandez, Vice-President Exploration at Outcrop Silver.
What is Outcrop Silver's primary focus?
Outcrop Silver is focused on developing its high-grade silver project, Santa Ana, and advancing its exploration initiatives in the region.
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