Drill Results Routine +

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.

By The Northwire Desk — AI Analysis Jun 03, 2026 · 06:45 OCG · 0.355 Outcrop Silver & Gold Corporation

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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