9738 g/t silver 29 g/t gold discovered at Colombia Asset

Three newly discovered high-grade zones indicate a significant advantage in this precious metals mining project, noted a report by Research Capital Corp.

Outcrop Silver & Gold Corp. (OCG: TSX.V; OCGSF: OTCQX; MRG1: DB) discovered three new targets returning impressive gold and silver grades at its Santa Ana project, Research Capital Corp. analyst Stuart McDougall reported in an August 23, 2022 research note.

“We believe their discovery provides considerable support for our baseline resource expectations,” McDougall commented. “We remain impressed with the pace and extent of the vein discoveries at Santa Ana.”

Outcrop has discovered these northeast trending targets along the Frias-La Ye trend during its ongoing mapping, trenching and geochemical sampling program. McDougall noted that the three targets have a series of parallel and subparallel quartz veins, totaling approximately 3.45 kilometers, available for drill testing.

The analyst also presented some preliminary highlights of surface results from each of the three areas.

From La Ye, the notes returned include:

  • 11.39 g/t gold and 4,043 g/t silver: float sample
  • 13.21 g/t gold and 462 g/t silver: float sample
  • 2.1 g/t gold and 246 g/t silver: outcropping quartz vein sample
  • 5.48 g/t gold and 2,141 g/t silver: sheared rock sample

From Los Mangos, the notes returned include:

  • 1.9 g/t gold and 9,738 g/t silver: historic dump material sample
  • 27.71 g/t gold and 1320 g/t silver: historical dump material sample
  • Up to 4.72 g/t gold and up to 4,545 g/t silver: outcropping quartz vein sample

From Topacio, the notes returned include:

  • 29.63 g/t gold and 83 g/t silver: floating sample
  • 1,181 g/t silver: outcropping quartz vein sample
  • Up to 622 g/t silver: shear zone samples

Research Capital has a speculative buy recommendation and a target price of C$0.75 per share on Outcrop, currently trading at around C$0.18 per share.

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Disclosures for Research Capital Corp., Outcrop Silver & Gold Corp., August 23, 2022

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