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Silver, Gold Co. Finds Eighth Ore Shoot of Vein System
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The Quick Take

  • Research Capital has a Speculative Buy rating and a CA$0.75 per share price target on Outcrop Silver & Gold.
  • Research Capital maintained its Speculative Buy on Outcrop Silver & Gold on news the company discovered an eighth high grade ore shoot in the Paraiso vein system at its Santa Ana silver-gold project in Colombia.
  • The new shoot returned 337 grams per ton (337 g/t) silver and 2.66 g/t gold over 0.4 meters (0.4m), reported Research Capital analyst Stuart McDougall in a Jan. 24 research note.
  • Outcrop found this eighth shoot in the core area of historical mines, La Porfia, El Dorado, La Manta and La Obdulia, where the company has done the most exploring.
  • The new discovery suggest its host, the Paraiso vein system, intersects the El Dorado vein structure further to the northwest then extends southeast to the Royal Santa Ana structure, just beyond the Megapozo shoot.
  • The eighth shoot takes the potential length of Paraiso to about 900m.

Outcrop Silver & Gold Corp.'s (OCG:TSX.V; OCGSF:OTCQX; MRG1:DE) newly found shoot "lends further support to a periodicity to emplacement, siting about 600 meters northwest of the Megapozo shoot," wrote Research Capital Corp. analyst Stuart McDougall.

Outcrop reported another impressive assay from the Ivana Upper shoot, 1,549 grams per ton (1,549 g/t) silver and 10.06 g/t gold over 0.77.

Together, the eight shoots discovered so far at Santa Ana extend for 1.8 kilometers in length and for up to 480 meters downplunge. They showed grades exceeding 4 kilograms per ton. All eight shoots remain open.

Currently, one rig is actively drilling at Santa Ana, in the El Dorado vein complex.

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Outcrop Silver & Gold Corp. Click here for important disclosures about sponsor fees. 
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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DISCLOSURES MORNING Call, Outcrop Silver & Gold, Jan. 24, 2022

Outcrop Silver & Gold’s projects are exposed to a variety of business risks, including, but not limited to: development or operating issues, including and more specially, negative exploration results; changes in permitting, environmental or tax regulations; and fluctuations in commodity prices or currency rates. External financing requirements are also key risks, owing to the company’s status as an early-stage explorer and hence, lack of operating cash flows. There is no guarantee that the Company can successfully raise sufficient funds or attract a potential suitor to help finance future programs or support independent resource estimates, assuming available results would support such undertakings, let alone more advanced studies, such as a Preliminary Economic Assessment or Feasibility Study.

1. The issuer has generated investment banking revenue for RCC.

2. RCC has holdings of this issuer.

The information contained in this report has been drawn from sources believed to be reliable but its accuracy or completeness is not guaranteed, nor in providing it does Research Capital Corporation assume any responsibility or liability. Research Capital Corporation, its directors, officers and other employees may, from time to time, have positions in the securities mentioned herein. Contents of this report cannot be reproduced in whole or in part without the express permission of Research Capital Corporation. US Institutional Clients – Research Capital USA Inc., a wholly owned subsidiary of Research Capital Corporation, accepts responsibility for the contents of this report subject to the terms and limitations set out above.

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