Outcrop doubles inferred silver at Santa Ana in Colombia

AI desk brief

Outcrop Silver & Gold more than doubled inferred silver at Santa Ana in Colombia and lifted indicated silver by 23% versus its 2023 resource, with total contained silver across indicated and inferred now 41.8 Moz and gold 202 koz. The updated model incorporates 130,006m of drilling in 646 holes and now defines mineralization across 46 domains in 13 vein systems, with another 35,000m drill program underway along the 17-km corridor.

Indicated resources total 1.8 Mt at 376 g/t silver and 1.8 g/t gold for 21.7 Moz silver and 104 koz gold, while inferred adds 2.3 Mt at 266 g/t silver and 1.29 g/t gold for 20.1 Moz silver and 98 koz gold. Shares rose 3.1% to C$0.335 in Toronto, valuing the company at about C$165 million.