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DRILLING TO COMMENCE ON 2024 – HIGH GRADE PRIMARY SILVER PLAY IN SOUTH AMERICA 

The 2024 drilling initiative is slated to begin in April 2024. It is meticulously designed to not only enhance mineralization at our existing targets but also to explore new prospects within the 18.5-kilometre area that has received drilling permission. Our comprehensive strategy aims to highlight the scalability of the Santa Ana project and its substantial potential for resource growth.
 
2024 Drill Targets Overview:
 
El Dorado: El Dorado target offers an opportunity to step out along strike to discover new high-grade shoots and to expand known high-grade shoots, like Las Abejas, along the dip. This potential for both lateral and vertical extension makes it a prime candidate for increasing the mineral resource.
 
Aguilar-Guadual: The Aguilar-Guadual target area stands out for its historical significance, high-grade silver potential, and strategic importance for resource expansion, being a more than 1,800-metre long vein system. The results from initial exploration have provided a highly prospective drill-ready target that needs to be tested to unlock its full potential.
 
Los Naranjos: Los Naranjos remains open along strike after drilling included in the Mineral Resource. The apparent continuity of mineralization along strike indicates a clear opportunity to expand the resource by extending the known mineralized zones. The presence of high-grade silver in quartz veins and associated shear zones, underscores the target’s potential for contributing significantly to the project’s overall resource.
 
Alaska: Alaska represents the northernmost extension of the Santa Ana vein system. Drilling Alaska will provide critical data to understand the full scope of the mineralized system, potentially leading to the discovery of new zones of mineralization within the same structural trend. Despite previous drilling success, the drill density at Alaska was insufficient to include the area in the Mineral Resource. Additional drilling is required to increase the drill density to a level where it can contribute to the resources, converting known mineralization into categorized resources.
 
Los Mangos: Los Mangos has demonstrated some of the highest grades in surface samples along with very consistent and wide vein occurrences, suggesting the presence of a robust mineralized system. Located along strike to the southwest, Los Mangos supports the strategic goal of generating mineral resources across the entire length of the 20-kilometre mineralized corridor, enhancing the project’s scalability and economic value. The high-grade assays from both historic mine dumps and in-situ quartz veins, coupled with the continuity of vein outcrop over 650 metres, underscore the area's potential.
 
The 2024 drilling program embodies our proactive and strategic approach to exploration, underscoring our dedication to expanding our resource base and fostering the sustainable development of the Santa Ana project. We are confident that the targeted exploration of these key areas will significantly contribute to our understanding of the project's potential and the realization of Outcrop Silver's long-term vision.

March 18, 2024 – Outcrop Silver & Gold Corporation (TSXV:OCG, OTCQX:OCGSF, DE:MRG) (“Outcrop Silver”) is pleased to announce the 2024 drilling program at the 100% owned Santa Ana high-grade silver project in Colombia is expected to commence in April 2024. The program, is designed to not only expand resources in areas previously identified for their potential but also to drill new targets along the 18.5 kilometres of strike that has been drill permitted.

The program will focus on extending mineralization along strike and down dip at El Dorado, including veins not previously included in the 2023 maiden resource due to insufficient drill density. Additionally, we will explore untested veins, such as the promising Aguilar-Guadual target, and Los Mangos area to the southwest, identified by numerous high-grade channel samples. This comprehensive approach aims to underscore the scalability of the Santa Ana project and its potential for substantial resource growth.

"2024 is a watershed year for Outcrop Silver as we launch an extensive drilling program to unlock the full potential of the Santa Ana project,” comments Ian Harris, President and CEO. “By strategically shifting our drilling contractors and focusing our exploration efforts, we aim to establish a robust roadmap for expanding our resource base across both established and new targets within our extensive land holdings.”

Our 2024 drill campaign will focus solely on high-potential targets with proven mineralization, significant resource expansion potential, and strategic locations within a highly prospective mineralized corridor. These targets have exhibited significant mineralization through surface samples, initial drilling, and geological mapping, indicating an excellent potential for resource expansion. They are located along a prolific mineralized corridor that offers a linear path for systematic exploration and resource delineation across a vast area. This presents an unparalleled opportunity for expanding known mineral resources and discovering new zones of mineralization.

Continue to full news release here.

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