August 23, 2022 Outcrop Silver & Gold Corporation (TSXV:OCG, OTCQX:OCGSF, DE:MRG1) (Outcrop) is pleased to provide an update on its regional exploration and target generation program at its 100% owned Santa Ana high-grade silver project in Colombia. Outcrop continues to generate new exploration targets through mapping, trenching, and sampling, with the current focus along the 8.5-kilometre Frias-La Ye trend south of the Aguilar vein system. These new targets have never been drill tested. Highlights
Three new high-quality targets have been generated along the Frias-La Ye trend. These new targets express as very high-grade veins and float at surface and will be drill tested in the near term. In Los Mangos target, dump and outcrop samples respectively show up to 9,738 and 4,545 grams silver per tonne. Additional samples in the area show 27.71 grams gold per tonne. In La Ye target, an outcrop sample yielded 5.48 grams per tonne of gold and 2,141 grams per tonne of silver. An associated float sample from trenching returned 11.39 grams per tonne of gold and 4,043 grams per tonne of silver. In the Frias target, a float sample returned 29.63 grams gold per tonne, and an outcrop sample returned 1,181 grams silver per tonne. Directly north of the Frias to La Ye trend, three additional targets have been generated on the Aguilar vein system. Aguilar may be the northern extension of the Frias vein system. All six targets show surface values of over 1,000 grams equivalent per tonne and up to 9,380 grams equivalent silver per tonne in Los Mangos.
We are thrilled with the results from our comprehensive target generation program, and we are working hard to prepare even more targets to drill later in the year, stated Guillermo Hernandez, Vice President of Exploration. As we progress in our efforts to generate our first Compliant Resource Estimation at the end of the year, we continue to advance prospects in the property, with the objective to quickly add more potential resource areas.
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