Drill Results
OUTCROP EXPANDS AGUILAR VEIN SYSTEM WITH NEW HIGH-GRADE SILVER INTERCEPTS
Outcrop Silver identified new high-grade silver veins at Santa Ana, extending the mineralised corridor ahead of its scheduled Q3 resource update.

Executive Summary
- Outcrop Silver & Gold Corporation announced high-grade silver intercepts from recent drilling at the Aguilar target within its 100% owned Santa Ana Project in Colombia.
- Drilling confirmed the continuity of the principal Aguilar and Aguilar N structures and successfully intersected two new high-grade mineralized structures, Aguilar NEW and Aguilar NEE, in the northern sector.
- The principal Aguilar structure has now been traced continuously for approximately 1.6 km along strike.
- Key intercepts include 0.60 m ETW @ 1,660 g/t AgEq, 0.80 m ETW @ 1,405 g/t AgEq, and 0.76 m ETW @ 1,157 g/t AgEq.
- Highest grade interval reported: 0.23 m ETW grading 2,820 g/t AgEq (2,264 g/t Ag & 6.3 g/t Au).
- Internal high-grade intervals consistently exceed 1,800 g/t AgEq across multiple holes.
- Southern extension step-out drilling confirmed structural continuity but returned no significant mineralized intercepts.
- Results will be integrated into the next mineral resource estimate (MRE) update, which is now targeted for Q3 2026.
- Maiden resource estimate (June 2023) defined 1,226 kt Indicated @ 614 g/t AgEq and 966 kt Inferred @ 435 g/t AgEq.
Material Impact
- The news represents a standard, incremental step in the company's ongoing 35,000 m drilling campaign. It confirms geological continuity and adds to the high-grade footprint ahead of the anticipated Q3 2026 MRE.
- The results are fully in line with previous management guidance and the trajectory established throughout 2025 and early 2026. No unexpected discoveries or paradigm shifts are present.
- The delay of the MRE to Q3 2026 (announced in May 2026) remains the primary near-term catalyst. This drilling update simply feeds the model; it does not materially alter the timeline or the company's capital requirements.
- Given the market's prior pricing of the Santa Ana corridor expansion and the recent TSX graduation, this announcement is expected to be absorbed as routine exploration progress rather than a market-moving event.
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Company Overview
- Outcrop Silver & Gold Corporation is a pre-revenue junior explorer focused on its 100% owned Santa Ana Project in Colombia's Mariquita District.
- The project spans 28,000 hectares and features a fully permitted 17-km mineralized corridor with six confirmed vein systems: Aguilar, Jimenez, La Ye, Los Mangos, Guadual, and Morena.
- The district is recognized as the largest and highest-grade primary silver district in the region, with historical mining records dating back to 1585.
- Metallurgical testing has demonstrated excellent recoveries (96.3% Ag, 98.5% Au) and successful sensor-based ore sorting, which could lower processing costs and environmental impact.
- The company graduated to the Toronto Stock Exchange (TSX) in November 2025 and is actively pursuing a U.S. exchange listing to broaden its investor base.
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May 19, 2026 · 06:45