Outcrop Silver & Gold Corporation (TSXV: OCG, OTCQX: OCGSF, DE: MRG) has unveiled promising assay results from the Jimenez vein at its wholly-owned Santa Ana high-grade silver project in Colombia. These findings not only affirm the vein’s high-grade silver potential but also reveal the discovery of the parallel Jimenez North vein, significantly broadening the project’s exploration scope.
The recent drilling campaign has yielded impressive results, particularly from hole DH412, which intercepted 5.08 meters grading 336 grams per tonne (g/t) of silver equivalent in the newly identified Jimenez North vein. Another notable result came from hole DH409, which showed 2.07 meters at 228 g/t silver equivalent. These results highlight the presence of both high-grade silver zones and broader mineralized intervals, indicating a robust mineralization profile across the area.
Guillermo Hernandez, Vice President of Exploration at Outcrop Silver, expressed confidence in the ongoing drilling efforts: “Drilling at the Jimenez vein has consistently delivered encouraging results, confirming high-grade silver and gold mineralization across both narrow high-grade zones and broader mineralized intervals.” The discovery of the Jimenez North vein underscores the continuity of mineralization along hundreds of meters and down to 200 meters depth.
Jimenez vein system is characterized by its structural complexity and significant resource potential. Spanning over 500 meters along strike and confirmed to a depth of 200 meters, this vein comprises a network of parallel and subparallel veins. The newly discovered Jimenez North vein enhances this exploration potential further, suggesting extensive mineralization opportunities.
Drilling has revealed wider vein zones controlled by dilational structures, which include high-grade stringers with some stringers yielding grades up to 3,000 g/t silver. Notably, hole DH412 included a remarkable intercept of 0.71 meters at 1,956 g/t silver equivalent, demonstrating the exceptional thickness potential within this system.
The Santa Ana project is situated within Colombia’s largest and highest-grade primary silver district, with mining records dating back to 1585. Outcrop Silver’s maiden resource estimate indicates an estimated 24.2 million ounces of silver equivalent at a grade of 614 g/t, alongside an inferred resource of 13.5 million ounces at 435 g/t. The project encompasses several major vein systems that contribute to its rich mineralization profile.
The ongoing 2024 drilling campaign aims to extend known mineralization and explore new high-potential areas along a 30-kilometer mineralized trend. This strategy is designed to demonstrate a clear pathway for substantial resource expansion, reinforcing Santa Ana’s scalability and economic viability as a high-grade silver mine.
Outcrop Silver is committed to responsible mining practices and community engagement as part of its sustainable development approach. The company’s seasoned team leverages extensive experience in navigating complex geological conditions to identify and capitalize on opportunities that enhance shareholder value.
As Outcrop Silver advances its exploration efforts at the Santa Ana project, it is establishing itself as a significant player in enhancing the local economy. The company’s ongoing initiatives aim to transform Santa Ana into a major contributor to silver production, capitalizing on its high-grade resources and strategic location in Colombia’s historic silver district.
