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Co. Discovers Three More Bonanza High-Grade Veins at Colombia Asset
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One of them showed potential for bonanza grades of gold and silver, noted a Research Capital Corp. report.

Outcrop Silver & Gold Corp. (OCG:TSX.V; OCGSF:OTCQX; MRG1:DB) identified three additional high-grade vein targets at its Santa Ana silver-gold project in Colombia, reported Research Capital Corp. analyst Stuart McDougall in a June 20 research note.

"Although it's still early days, we think these latest additions lend further support to our expectations for the project's future expansion to 50,000,000 ounces of silver, so we continue to base our target price on that eventuality,"  McDougall wrote.

That target price is CA$0.75 per share and reflects a large projected return for investors, of 341%. Outcrop's current share price, in comparison, is about CA$0.17. The company is rated Speculative Buy.

Veins Boast High Grades

Outcrop discovered all three of the new veins in Santa Ana's northern half while doing regional mapping and sampling to identify new drill targets, McDougall noted. He presented channel sampling results from each vein.

Murillo: This vein is of "particular interest," McDougall wrote. For one, it lies at the intersection of Paraiso and El Dorado veins that together comprise half of the total existing Santa Ana resource. Two, similar to Paraiso, Murillo showed potential for both bonanza grades of both gold and silver.

Specifically, the high grades of mineralization in one notable surface channel sample were 58.07 grams per ton gold (58.07 g/t Au) and 2,860 g/t silver (Ag). This ran across 0.75 meter (0.75m) of quartz vein.

Another channel sample ran 12.38 g/t Au and 265 g/t Ag across 1m of quartz vein.

Outcrop's two other new discoveries, Palomos and La Linda, are on either side of the main structures and, as such, extend the overall width of the prospective area to 3 kilometers.

Palomos: This vein lies 550m east of and sub-parallels the Santa Ana vein system. Outcrop traced it on surface and in old mine workings for 400m.

On sampling, the highest grades came from the historic Palomos 2 mine, where an underground channel averaged 25.18 g/t Au and 495 g/t Ag across 0.4m of quartz vein. A related surface exposure ran 8.26 g/t Au and 185 g/t Ag across 0.5m of shearing.

La Linda: Outcrop traced this discovery, located 800m west of the El Dorado vein, "for nearly 500m in outcrop and float trains containing pyrite, galena, and sphalerite in schists," McDougall wrote.

Two standout channels extended across 0.4m of quartz vein. One ran 9.15 g/t Au and 79 g/t Ag, the other, 6.5 g/t Au and 37 g/t Ag. Quartz vein float ran up to 8.54 g/t Au and 2,987 g/t Ag.

More To Come

Going forward, McDougall noted, investors should keep an eye out, on an ongoing basis, for further exploration updates as they are expected and any could catalyst Outcrop's stock.

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Important Disclosures:

  1. Outcrop Silver & Gold Corp. is a billboard sponsor(s) of Streetwise Reports and has paid SWR a sponsorship fee between US$3,000 and US$5,000.
  2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Outcrop Silver & Gold Corp.
  3. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
  4. The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

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Disclosures for Research Capital Corp., Outcrop Silver & Gold Corp., June 20, 2023

Analyst Certification I, Stuart McDougall, certify the views expressed in this report were formed by my review of relevant company data and industry investigation, and accurately reflect my opinion about the investment merits of the securities mentioned in the report. I also certify that my compensation is not related to specific recommendations or views expressed in this report. Research Capital Corporation publishes research and investment recommendations for the use of its clients. Information regarding our categories of recommendations, quarterly summaries of the percentage of our recommendations which fall into each category and our policies regarding the release of our research reports is available at or may be requested by contacting the analyst. Each analyst of Research Capital Corporation whose name appears in this report hereby certifies that (i) the recommendations and opinions expressed in this research report accurately reflect the analyst’s personal views and (ii) no part of the research analyst’s compensation was or will be directly or indirectly related to the specific conclusions or recommendations expressed in this research report.

Relevant Disclosures Applicable to Companies Under Coverage Relevant disclosures required under IIROC Rule 3400 applicable to companies under coverage discussed in this research report are available on our website at

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Company Specific Disclosures Within the past 12 months, Research Capital has provided investment banking services to the issuer.

Potential Conflicts of Interest All Research Capital Corporation ("RCC") Analysts are compensated based in part on the overall revenues of RCC, a portion of which are generated by investment banking activities. RCC may have had, or seek to have, an investment banking relationship with companies mentioned in this report. RCC and/or its officers, directors and employees may from time to time acquire, hold or sell securities mentioned in our Research Reports as principal or agent. RCC makes every effort possible to avoid conflicts of interest, however readers should assume that a conflict might exist, and therefore not rely solely on this report when evaluating whether or not to buy or sell the securities of subject companies.

RC USA INC. Information about Research Capital Corporation’s Rating System, the distribution of our research to clients and the percentage of recommendations which are in each of our rating categories is available on our website at 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. US firms or institutions receiving this report should effect transactions in securities discussed in the report through Research Capital USA Inc., a Broker – Dealer registered with the Financial Industry Regulatory Authority (FINRA).

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