Junior Miner Skyrockets After Striking Near-Kilo Silver Intercept

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Tuesday, May 6, 2025

As the price of silver continues to trade near multi-year highs—driven by factors such as inflation hedging, industrial demand, and geopolitical uncertainty—investor interest in the sector remains strong. Against this backdrop, news of a major high-grade drill result acted as a catalyst for a junior mining company, capturing market attention. The impressive find not only validated the company’s exploration efforts but also sent its share price soaring as traders rushed to gain exposure.

Shares of Outcrop Silver & Gold Corp. (TSX-Venture: OCG) (OTCQX: OCGSF) are on a tear today as the company announced a major high-grade silver drill result at the Los Mangos vein, part of its 100%-owned Santa Ana high-grade silver project in Colombia. 

Follow-up drilling has delivered the widest and highest-grade intercept to date from the Los Mangos target, located more than 8 kilometres south of the current resource area, reinforcing the system's scale and continuity.

Hole DH459 delivered one of the most significant drill results in the history of the Santa Ana project, with an impressive silver equivalent grade-metres value of 18,157 g/t AgEq. The hole intersected 18.30 metres grading 992 g/t silver equivalent, including 736 g/t silver and 3.41 g/t gold, within the Los Mangos vein. This high-grade mineralization was encountered 193 metres downhole, beneath the historic mine workings.

The impressive size and quality of the mineralization found in drill hole DH459 confirm a large, high-grade zone where the Los Mangos and Mangos SE veins meet. This result also shows that the silver extends deep underground, with the metal found in rock formations made up of broken quartz and other minerals.

"This is a transformational intercept for the Los Mangos system," commented Ian Harris , President and CEO. "Drilling 18.30 metres at nearly 1 kilogram per tonne silver equivalent is extraordinary. It shows the exceptional grade and the system's structural robustness and width potential. With results like these continually to systematically step out more than 8 kilometres south of our current resource, we're confident we are increasing our understanding of the scale of Santa Ana. As we continue testing priority targets across the district, we're well-positioned to deliver further high-grade discoveries ahead of our next resource update."

The 100% owned Santa Ana project covers 27,000 hectares within the Mariquita District, through titles and applications, known as the largest and highest-grade primary silver district in Colombia with mining records dating back to 1585.

Shares of OCG are currently up 13.16% while U.S. listed shares (OCGSF) are trading higher by 11.59% at $0.154 in late-morning trading.

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