Outcrop Silver Expands Los Mangos Vein System with New High-Grade Intercepts Including 3.86 Metres at 621 G/T Silver Equivalent
OUTCROP SILVER EXPANDS LOS MANGOS
VEIN SYSTEM WITH NEW HIGH-GRADE
INTERCEPTS INCLUDING 3.86 METRES AT
621 g/t SILVER EQUIVALENT
VANCOUVER, BC
,
May 14, 2025
/CNW/ -
Outcrop Silver & Gold Corporation
(TSXV: OCG)
(OTCQX: OCGSF) (DE: MRG)
("Outcrop Silver")
is pleased to announce new drill results from the
Los Mangos vein at its 100%-owned Santa Ana high-grade silver project in
Colombia
. The latest
intercepts further confirm the presence of wide, high-grade zones within the system and reinforce
the continuity of mineralization along strike and at depth (Figure 1 and Figure 2). These results follow
the company's previously announced intercept of 18.30 metres at 992 g/t AgEq in hole DH459
(News Release dated
May 6, 2025
), and support the emerging significance of Los Mangos as one
of the project's most robust vein systems discovered to date.
Highlights
Hole DH464
returned
3.86 metres at 621 g/t AgEq
(433 g/t Ag and 2.51 g/t Au) (Table 1,
Figure 3)
Recently announced high-grade drill results along strike at Los Mangos:
DH459
:
18.30 metres
at
992 g/t AgEq
(News Release dated
May 6, 2025
)
DH457
:
8.20 metres
at
669 g/t AgEq
(News Release dated
April 22, 2025
)
DH451
:
7.18 metres
at
358 g/t AgEq
(News Release dated
April 1, 2025
)
DH444
:
1.92 metres
at
586 g/t AgEq
(News Release dated
March 12, 2025
)
"Every new intercept at Los Mangos strengthens the case that the central portion of Santa Ana can
add meaningful tonnes and grade in short order. These results validate our fully funded 24,000 metre
drill program, which is laser focused on converting discoveries into ounces for the next resource
update. We are executing exactly what we laid out to investors," stated
Ian Harris
, President &
CEO. "This momentum is possible only through the hard work of our on site teams and the strong
partnership we share with the people of Falan and Tolima—together carrying a 400 year silver
legacy into the next generation."
The Los Mangos vein system lies in the southwestern portion of the fully permitted 17 kilometer
mineralized corridor of the Santa Ana Project and is located more than 8 kilometres south of the
current resource area (News Release
April 26, 2023
). Drilling has confirmed to date, a strike length
of over 350 metres and vertical continuity exceeding 250 metres, with mineralization hosted in
quartz-sulfide breccias and veins within altered green schists and intrusive dikes (Figure 3 and Figure
4).
Target
Hole ID
From
(m)
To
(m)
Interval
(m)
Estimated
True Width
(m)
Au
g/t
Ag
g/t
AgEq
1
g/t
Vein
DH461
203.30
203.67
0.37
*
0.17
205
217
Vein
DH461
223.48
228.75
5.27
3.13
0.17
195
208
Los Mangos
Including
228.14
228.75
0.61
0.36
0.92
1,213
1,282
DH464
111.75
112.07
0.32
*
0.05
458
462
Mangos Fault
Los Mangos
DH464
224.99
228.85
3.86
2.41
2.51
433
621
Los Mangos
Including
224.99
225.60
0.61
0.38
1.67
895
1,020
And
226.40
227.16
0.76
0.47
6.53
108
598
And
227.16
228.16
1.00
0.62
3.37
984
1,237
DH464
239.71
240.01
0.30
*
0.12
341
349
Vein
Table 1. Drill hole assay results reported in this release. * The current knowledge of these
structures does not allow for estimating the true width.
"With each new hole, Los Mangos continues to prove itself as one of the most exciting discoveries
within the Santa Ana project," commented
Guillermo Hernandez
, Vice President of Exploration.
"These intercepts demonstrate not only the continuity of grade but also the persistence of thickness,
which is critical for future resource expansions. Our targeting is becoming increasingly precise, and
we remain confident that continued drilling will expand the high-grade footprint ahead of our
upcoming resource update."
Figure 1. The plan view of the Los Mangos vein target shows the drill holes reported in this release
(Table 1), previously reported holes, and surface exploration samples (Table 3). Coordinates are
UTM system, zone 18N and WGS84 projection. (CNW Group/Outcrop Silver & Gold Corporation)
Figure 2. Geological cross-section showing the Los Mangos vein system. The section width is 30
metres. (CNW Group/Outcrop Silver & Gold Corporation)
Figure 3. General aspect of the Los Mangos vein in hole DH464, showing coarse grained pyrite-
marcasite, clusters of sphalerite and fine-grained argentite. Hole DH464 depths from 224.99 to
225.60 metres grading 1,020 g/t AgEq (Table 1). (CNW Group/Outcrop Silver & Gold Corporation)
Figure 4. General aspect of the Los Mangos vein in hole DH461, showing a quartz-supported
breccia with fine-grained pyrite-marcasite intergrown with argentite. Hole DH461 depths from 224.57
to 225.41 metres. (CNW Group/Outcrop Silver & Gold Corporation)
Sample
Easting
(m)
Northing
(m)
Elevation
(m)
Sample
Type
Au
g/t
Ag
g/t
AgEq
1
g/t
Release Date
15491
501854.0
556550.0
866.08
Dump Grab
8.07
234
840
August 23, 2023
17351
501681.0
556466.0
1012.00
Chip
0.22
297
314
March 12, 2025
17528
501846.0
556532.2
875.00
Dump Grab
8.04
301
905
March 12, 2025
17531
501847.0
556533.2
875.00
Dump Grab
7.15
81
618
March 12, 2025
17532
501844.0
556530.2
875.00
Dump Grab
0.56
3,019
3,061
March 12, 2025
17687
501659.0
556484.0
1028.00
Chip
3.73
907
1,187
March 12, 2025
17688
501660.0
556474.0
1035.00
Chip
3.04
344
572
March 12, 2025
17765
501754.0
556392.0
987.00
Dump Grab
12.57
215
1,159
March 12, 2025
17766
501742.0
556411.0
974.00
Chip
6.22
122
589
March 12, 2025
Table 3. Surface chip and grab sample results in the Los Mangos vein target from the regional
exploration program, including those previously reported and referred to in Figure 1 (see News
Releases dated
August 23, 2023
, and
March 12, 2025
).
By their nature, grab samples are
selective, and the assay results may not necessarily represent true underlying mineralization.
Coordinates are UTM system, zone 18N and WGS84 projection.
Hole ID
Hole Code
Easting
(m)
Northing
(m)
Elevation
(m)
Depth
(m)
Azimuth
(°)
Dip
(°)
DH420
SALM24HD420
501916.349
556451.154
915.18
200.25
303
-45
DH423
SALM24DH423
501917.600
556451.345
915.19
164.71
333
-45
DH425
SALM24DH425
501915.818
556450.553
914.73
215.49
285
-55
DH428
SALM24DH428
501915.742
556450.146
915.19
227.99
273
-55
DH432
SALM24DH432
501881.348
556447.027
921.96
131.46
321
-45
DH434
SALM25DH434
501881.468
556446.758
922.44
151.66
310
-45
DH436
SALM25DH436
501797.491
556358.423
989.71
179.22
315
-51
DH438
SALM25DH438
501796.942
556358.077
989.68
210.61
298
-50
DH440
SALM25DH440
501796.528
556357.559
989.84
190.19
286
-45
DH442
SALM25DH442
501796.528
556357.559
989.84
201.47
335
-49
DH444
SALM25DH444
501796.901
556358.092
989.81
200.55
306
-58
DH447
SALM25DH447
501766.685
556378.891
998.44
120.09
325
-51
DH449
SALM25DH449
501797.565
556358.288
989.73
163.98
325
-58
DH451
SALM25DH451
501796.972
556357.896
989.75
250.24
302
-65
DH453
SALM25DH453
501796.830
556357.426
989.55
242.62
286
-59
DH454
SALM25DH454
501796.932
556357.896
989.59
286.20
305
-69
DH457
SALM25DH457
501797.401
556358.269
989.55
248.71
324
-65
DH459
SALM25DH459
501797.979
556358.194
989.86
229.39
346
-60
DH461
SALM25DH461
501797.955
556358.119
989.361
273.40
346
-66
DH464
SALM25DH464
501796.568
556357.185
989.749
250.24
286
-62
Table 4. Collar and survey table for drill holes reported and referred to in this release. All
coordinates are UTM system, Zone 18N, and WGS84 projection.
1
Silver Equivalent
Metal prices used for equivalent calculations were
US$1,800
/oz for gold, and
US$25
/oz for silver.
Metallurgical recoveries based on Outcrop Silver's metallurgical test work are 97% for gold and 93%
for silver (see news release dated
August 23, 2023
). The equivalency formula is as follows:
Equivalency formula (CNW Group/Outcrop Silver & Gold Corporation)
QA/QC
Outcrop Silver applied its standard protocols for sampling and assay for exploration activities.
Underground channel samples were taken perpendicular to the vein and sample length was broken
by geology. Core diameter is a mix of HTW and NTW depending on the depth of the drill hole.
Diamond drill core boxes were photographed, sawed, sampled and tagged. Samples were bagged,
tagged and packaged for shipment by truck from Santa Ana's core logging facilities in Falan,
Colombia
to the Actlabs certified sample preparation facility in
Medellin, Colombia
. ActLabs is an
accredited laboratory independent of the Company. HQ-NTW core is sawn with one-half shipped.
Samples delivered to Actlabs were AA assayed on Au, Ag, Pb, and Zn at
Medellin
using 1A2Au,
1A3Au, Multi-elements AR (Ag Cu Pb Zn), and Code 8 methods. Then, samples were sent to
Actlabs Mexico for ICP-multi-elemental analysis with code 1E3. In line with QA/QC best practices,
blanks, duplicates, and certified reference materials are inserted at approximately three control
samples every twenty samples into the sample stream, monitoring laboratory performance. A
comparison of control samples and their standard deviations indicates acceptable accuracy of the
assays and no detectible contamination. No material QA/QC issues have been identified with
respect to sample collection, security and assaying. The samples are analyzed for gold and silver
using a standard fire assay on a 30-gram sample with a gravimetric finish for over-limits. Multi-
element geochemistry was determined by ICP-MS using either aqua regia or four acid digestions.
Crush rejects, pulps, and the remaining core are stored in a secured facility at Santa Ana for future
assay verification.
Qualified Person
Edwin Naranjo Sierra
is the designated Qualified Person within the meaning of the National
Instrument 43-101 and has reviewed and verified the technical information in this news release. Mr.
Naranjo holds a MSc. in Earth Sciences, and is a Fellow of the Australasian Institute of Mining and
Metallurgy (FAusIMM). Mr.
Naranjo Sierra
is a consultant to the company and is therefore
independent for the purposes of NI 43-101.
About Santa Ana
The 100% owned Santa Ana project covers 27,000 hectares within the Mariquita District, through
titles and applications, known as the largest and highest-grade primary silver district in
Colombia
with mining records dating back to 1585.
Santa Ana's maiden resource estimate, detailed in the NI 43-101 Technical Report titled "Santa Ana
Property Mineral Resource Estimate," dated
June 8, 2023
, prepared by AMC Mining Consultants,
indicates an estimated indicated resource of 24.2 million ounces silver equivalent at a grade of 614
grams per tonne and an inferred resource of 13.5 million ounces at a grade of 435 grams per tonne.
The identified resources span seven major vein systems that include multiple parallel veins and ore
shoots: Santa Ana (
San Antonio
,
Roberto Tovar
,
San Juan
shoots); La Porfia (La Ivana); El Dorado
(El Dorado, La Abeja shoots); Paraiso (Megapozo); Las Maras; Los Naranjos, and La Isabela.
The drilling campaign aims to extend known mineralization and test new high-potential areas along
the permitted section of the project's extensive 30 kilometres of mineralized trend. This year's
exploration strategy aims to demonstrate a clear pathway to substantially expand the resource.
These efforts underscore the scalability of Santa Ana and its potential for substantial resource
growth, positioning the project to develop into a high-grade, economically viable, and environmentally
responsible silver mine.
About Outcrop Silver
Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-
grade silver project in
Colombia
. Leveraging a disciplined and seasoned team of professionals with
decades of experience in the region. Outcrop Silver is dedicated to expanding current mineral
resources through strategic exploration initiatives.
At the core of our operations is a commitment to responsible mining practices and community
engagement, underscoring our approach to sustainable development. Our expertise in navigating
complex geological and market conditions enables us to consistently identify and capitalize on
opportunities to enhance shareholder value. With a deep understanding of the Colombian mining
landscape and a track record of successful exploration, Outcrop Silver is poised to transform the
Santa Ana project into a significant silver producer, contributing positively to the local economy and
setting new standards in the mining industry.
ON BEHALF OF THE BOARD OF DIRECTORS
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Certain information contained herein constitutes "forward-looking information" under Canadian
securities legislation. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "potential," "we believe," or variations of such words and
phrases or statements that certain actions, events or results "will" occur. Forward-looking
statements are based on the opinions and estimates of management as of the date such
statements are made and they are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of Outcrop
Silver to be materially different from those expressed or implied by such forward-looking
statements or forward-looking information, including: the receipt of all necessary regulatory
approvals, capital expenditures and other costs, financing and additional capital requirements,
completion of due diligence, general economic, market and business conditions, new legislation,
uncertainties resulting from potential delays or changes in plans, political uncertainties, and the
state of the securities markets generally. Although management of Outcrop Silver have attempted
to identify important factors that could cause actual results to differ materially from those contained
in forward-looking statements or forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance
on forward-looking statements and forward-looking information. Outcrop Silver will not update any
forward-looking statements or forward-looking information that are incorporated by reference.
SOURCE
Outcrop Silver & Gold Corporation
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%SEDAR: 00005232E
For further information:
Ian Harris, Chief Executive Officer, +1 604 638 2545,
[email protected], www.outcropsilver.com; Kathy Li, Vice President of Investor Relations,
+1 778 783 2818, [email protected]
CO: Outcrop Silver & Gold Corporation
CNW 07:30e 14-MAY-25