Yesterday, Outcrop Silver & Gold Corp. (Ticker: OCG.v or OCGSF for US investors) announced promising results from initial core holes drilled at the Aguilar vein, part of the extensive 30-kilometer vein corridor at the Santa Ana Project. The findings affirm high-grade silver continuity and highlight the expansion potential along the corridor, underscoring Outcrop Silver’s commitment to maximizing the project’s value.
Key Highlights from Aguilar Vein Drilling
The drilling results from the Aguilar vein have extended the known mineralization by 5 kilometers south of the primary Mineral Resource area. Notably, drill hole DH361 intercepted 0.78 meters of 776 grams per tonne of silver equivalent. This discovery showcases the significant potential for resource expansion at Santa Ana, with follow-up drilling planned to test extensions along the strike and identify higher-grade shoots within Aguilar.
Strategic Importance of 2024 Drilling
Ian Harris, President and CEO of Outcrop Silver, emphasized the pivotal nature of 2024 for the company. He highlighted the successful drilling at Aguilar as not only a technical achievement but also a testament to strong partnerships with local communities in Tolima and Falan. Harris noted that these results, coupled with rising silver prices and a global supply-demand deficit, underscore the quality of the Santa Ana primary silver deposit, recognized as one of the world’s highest-grade primary silver deposits.
Guillermo Hernandez, VP of Exploration, elaborated on the strategic significance of the Aguilar vein findings. He noted that the continuity of high-grade silver mineralization over a significant distance confirms the high potential of the Santa Ana vein corridor. This successful initial exploration affirms the effectiveness of Outcrop Silver’s systematic target generation approach and points to substantial untapped potential within the extensive vein system.
Geological Insights and Future Prospects
The Aguilar vein, identified through Outcrop Silver’s regional target generation program in May 2022, forms part of the Aguilar-Guadual zone, traceable for 1.8 kilometers. Geological mapping indicates that higher-grade mineralization is associated with flexures in the dominant northeast trend of the veins, representing structural intersections currently being drill tested.
Initial drilling has confirmed the Aguilar vein at depth, characterized as a low-angle structure dipping 55° to the west and containing 5 to 10% total sulfide content. Hole DH361 revealed significant mineralization with assays of 3.79 grams per tonne of gold and 492 grams per tonne of silver. Additional assays from hole DH363 are pending, while hole DH360 intercepted a narrower quartz vein with lower grades.
Expansion Efforts at Los Naranjos
Outcrop Silver is also advancing exploration at the Los Naranjos vein, which has been traced for over 400 meters on the surface and drilled along strike for 350 meters. Current drilling aims to expand known mineralization to the north. Notable intercepts include hole DH359, which revealed 0.23 meters true width with 3.48 grams per tonne of gold and 671 grams per tonne of silver, confirming mineralization north of the resource envelope.
The latest drilling results at Aguilar and Los Naranjos demonstrate Outcrop Silver’s strategic focus on expanding the high-grade silver resources at Santa Ana. These findings highlight the project’s substantial growth potential, supported by ongoing exploration efforts and strong community partnerships.
Full news: https://outcropsilver.com/news/outcrop-silver-drills-high-grade-silver-at-new-aguilar-vein-underpinning-expansion-strategy-at-santa-ana/
Posted on behalf of Outcrop Silver & Gold Corp.