202613 releases
Outcrop Silver Extends Santa Ana Vein System Northward and Identifies Parallel Cascada Vein
Drilling at the Santa Ana silver project in Tolima, Colombia returned 1.37 m (0.74 m ETW) grading 1,084 g/t AgEq, including 0.30 m (0.16 m ETW) at 4,725 g/t AgEq, in hole DH687 on the newly delineated Cascada vein, subparallel to and in the footwall of Alaska. Results and interpretation indicate Alaska is the northern continuation of the Santa Ana structure, extending strike length to nearly 3 kilometres, with intercepts of 3.43 m (1.26 m ETW) at 307 g/t AgEq (DH665) and 8.39 m (3.61 m ETW) at 241 g/t AgEq (DH685). Four rigs are drilling, with assays pending.
Drill resultsOUTCROP SILVER Launches Project Argentum: Technical Work Plan Approved for Santa Ana Pilot Operation, Targeted for Production in 2027
Colombia's National Mining Agency has approved the Technical Work Plan for Concession Contract HFL-151 at the 100%-owned Santa Ana silver project in Falan, Tolima, covering Project Argentum, a pilot plant and underground mine of up to 40 tonnes per day on the La Porfía vein system via the La Ivanna portal, using cyanide- and mercury-free processing, with first production targeted in 2027. An Environmental Impact Assessment has been filed with CORTOLIMA, with the licence expected in early 2027. A Preliminary Economic Assessment is planned following filing of the updated resource technical report.
CorporateOutcrop Silver Announces Updated Mineral Resource Estimate for the Santa Ana Primary Silver Project
An updated mineral resource estimate for the 100%-owned Santa Ana primary silver project in Colombia, with an effective date of September 10, 2026, reports indicated resources of 29.9 Moz AgEq at 519 g/t AgEq (21.7 Moz silver, 0.104 Moz gold) and inferred resources of 27.9 Moz AgEq at 369 g/t AgEq (20.1 Moz silver, 0.098 Moz gold). Indicated contained AgEq rose 23.5% and inferred 106.3% versus the June 8, 2023 maiden estimate. It is based on 130,006 m in 646 holes.
Resource updateOutcrop Silver Identifies New High-Grade Shoot at Santa Ana and Extends High-Grade Results at Las Maras
Drilling at the Santa Ana Project in Colombia confirmed a new ore shoot, Shoot 7, with hole DH648 intersecting 9.16 m (5.28 m ETW) grading 127 g/t Ag and 0.70 g/t Au (188 g/t AgEq), including 0.40 m at 1,930 g/t Ag and 8.65 g/t Au (2,693 g/t AgEq). Hole DH652 returned 0.30 m grading 5,196 g/t Ag and 8.51 g/t Au, while at Las Maras hole DH637 cut 2.86 m (2.30 m ETW) at 1,760 g/t Ag and 5.14 g/t Au. Results will feed a resource update expected in September 2026.
Drill resultsOutcrop Silver Reports High-Grade Silver-Gold Intercepts From Morena And Aguilar Drilling
Drilling at the Morena target on the Santa Ana silver-gold project in Colombia returned 0.71 m (0.34 m ETW) grading 1,646 g/t Ag and 10.35 g/t Au (2,559 g/t AgEq) in hole DH613, and 1.74 m (1.42 m ETW) grading 488 g/t Ag and 1.79 g/t Au (646 g/t AgEq) in DH601. At Aguilar, hole DH631 cut 0.30 m at 1,554 g/t Ag and 5.44 g/t Au within Aguilar N, and DH628 cut 2.21 m at 103 g/t Ag and 1.42 g/t Au. Results from 14 Morena holes and 12 northern Aguilar holes will feed an updated mineral resource estimate expected in September 2026.
Drill resultsOutcrop Expands Aguilar Vein System with New High-Grade Silver Intercepts
Drilling at the Aguilar target on the Santa Ana Project in Colombia returned 0.60 m ETW grading 1,660 g/t AgEq in DH621, 0.80 m ETW of 1,405 g/t AgEq (1,140 g/t Ag, 3.0 g/t Au) in DH604, including 0.23 m of 2,820 g/t AgEq, and 0.76 m ETW of 1,157 g/t AgEq in DH568 from the newly recognized Aguilar NEW structure, plus 0.49 m ETW of 1,374 g/t AgEq in DH596 from Aguilar N. The principal Aguilar structure has now been traced about 1.6 km along strike; southern step-out holes confirmed continuity but returned no significant intercepts. Results will feed into the next mineral resource estimate update, currently underway.
Drill resultsOutcrop Silver Engages Investor Relations Consultant
Dan McIntyre of Daniel G. McIntyre Consulting Inc. has been engaged as a third-party investor relations consultant, subject to TSX acceptance, for an initial six-month period beginning June 1, 2026, at a monthly fee of $8,000. The consultancy was granted 250,000 options at an exercise price of $0.36, expiring April 17, 2031 and vesting one-quarter every three months over 12 months. Both parties are arm's length and hold no Company securities.
CorporateOutcrop Silver Appoints VP Exploration to Advance Santa Ana Resource Growth and Project Development
Carlos Torres has been appointed Vice President of Exploration of Outcrop Silver, bringing more than 20 years of experience, most recently as VP Exploration at Sun Valley Investments in Colombia. He was granted 1,000,000 options at a $0.35 exercise price expiring April 17, 2031, vesting 1/4 quarterly. The updated Mineral Resource Estimate for the Santa Ana Project in Colombia is now expected in Q3 of this year and will form the basis of a potential Preliminary Economic Assessment.
ManagementOutcrop Confirms Continuity of High-Grade Silver Mineralized Shoots at Guadual
Drilling at the Guadual target on the 100%-owned Santa Ana silver project in Colombia returned 0.84 m estimated true width grading 2,844 g/t AgEq (2,505 g/t Ag, 3.84 g/t Au) in DH567, 1.17 m ETW at 1,889 g/t AgEq (1,287 g/t Ag, 6.83 g/t Au) in DH593, and 6.85 m ETW at 227 g/t AgEq (167 g/t Ag, 0.68 g/t Au) in DH587. The results will feed into an updated Mineral Resource estimate anticipated later this quarter.
Drill resultsOutcrop Silver Strengthens Leadership Team with Appointment of Rob Bruggeman as CEO
Rob Bruggeman has been appointed Chief Executive Officer of Outcrop Silver and joins the Board of Directors effective immediately, bringing the total number of directors to six. Ian Harris resigns as CEO and becomes Chair of the Board, while Jay Sujir remains a director but resigns as Chair; Amandip Singh, VP Corporate Development, and Guillermo Hernandez Pineda, VP Exploration, have resigned. Bruggeman is to receive 1,000,000 options at $0.36 expiring April 17, 2031, and 1,000,000 inducement shares.
ManagementOutcrop Silver Intersects Additional High-Grade Mineralization From Resource Definition Drilling of the Aguilar Vein
Resource definition drilling at the Aguilar vein on the Santa Ana silver project in Tolima, Colombia returned 3.28 metres downhole (2.45 metres estimated true width) grading 214 g/t Ag and 0.64 g/t Au (271 g/t AgEq) in DH549, 1.03 metres (0.71 metres ETW) at 583 g/t Ag and 2.73 g/t Au (824 g/t AgEq) in DH558, and 0.56 metres (0.51 metres ETW) at 520 g/t Ag and 7.23 g/t Au (1,157 g/t AgEq) in DH561. Since July 2024, 11,832 metres have been drilled in the Aguilar corridor, including 7,225 metres since August 2025, with five holes pending assays and a mineral resource update expected in Q1 2026.
Drill resultsOutcrop Silver Announces Voting Results of AGM
All five director nominees named in the December 4, 2025 management information circular — Ian Harris, Joseph Hebert, Jay Sujir, Kevin Nishi and Ana Milena Vasquez — were re-elected at Outcrop Silver's annual general and special meeting held January 9, 2026 in Vancouver, with support ranging from 63.12% to 65.032%. Shareholders also re-appointed Davidson & Company LLP as auditors (70.092% in favour), ratified amended and restated articles (64.172%) and approved the 10% fixed stock option plan (63.166%). A total of 176,712,704 common shares, or 37.095% of shares outstanding, were represented.
Corporate
202510 releases
Outcrop Silver Annual Letter to Shareholders
More than 28,500 metres were drilled at the Santa Ana silver project in Colombia during 2025, above initial guidance of 24,000 metres, with six discoveries including Los Mangos hole DH459 returning 12.03 metres true width grading 736 g/t Ag and 3.41 g/t Au, and land-access agreements expanded to 233 properties from 112. The company graduated to the Toronto Stock Exchange in November and closed an upsized $23 million offering on October 3, 2025, with Jupiter Asset Management investing $15 million and Eric Sprott $5 million. For 2026, plans include an updated resource, approximately 35,000 metres of drilling with at least three rigs, and pursuit of a U.S. exchange listing.
CorporateOutcrop Silver Extends Aguilar Vein 450 Metres South And Identifies Potential New High-Grade Shoots In Blind Targets
Drilling at the Santa Ana silver project in Colombia extended the Aguilar vein system 450 metres to the south, with five holes (DH514, DH517, DH520, DH524, DH528) confirming continuity beneath volcanosedimentary cover. DH535 returned 0.84 metres grading 1,659 g/t AgEq and DH524 returned 1.04 metres grading 779 g/t AgEq; holes DH511, DH522, DH530 and DH533 had no significant results. Three rigs continue drilling along the permitted 17-kilometre trend ahead of a Q1 2026 mineral resource update.
Drill resultsOutcrop Silver Graduates to TSX
Final approval has been received to list Outcrop Silver's common shares on the Toronto Stock Exchange, moving up from the TSX Venture Exchange, with trading on the TSX to begin at market open on Tuesday, November 18, 2025 under the same symbol OCG. The shares will be voluntarily delisted from the TSXV effective at market close on November 17, 2025. Shareholders need not exchange share certificates or DRS advices, as the trading symbol and CUSIP remain unchanged. The company's flagship asset is the Santa Ana silver project in Colombia.
CorporateOutcrop Silver Announces Conditional Approval To Graduate To TSX
Conditional approval has been received to list Outcrop Silver & Gold's common shares on the Toronto Stock Exchange, moving from the TSX Venture Exchange, with trading to continue under the symbol OCG. Final approval is subject to meeting customary TSX requirements, including receipt of all required documentation, and the company will issue a further release once the TSX confirms the expected start of trading. The shares will be delisted from the TSXV once listed, with no change to the trading symbol or CUSIP.
CorporateOutcrop Silver Announces Closing of $23 Million Public Offering, Including Full Exercise of the Over-Allotment Option, Led by Investment from Jupiter Asset Management and Eric Sprott
A public offering of 65,780,000 units at $0.35 per unit closed for gross proceeds of approximately $23,023,000, including full exercise of the over-allotment option. Each unit includes one common share and one-half warrant exercisable at $0.55 for 24 months, subject to acceleration if shares close above $0.75 for 20 consecutive trading days after the six-month anniversary. Jupiter Asset Management took 42,857,142 units for $15 million and Eric Sprott 14,285,716 units for $5 million; agents received a 6.0% commission ($1,381,380). Proceeds are for exploration and drilling at the Santa Ana project in Colombia and working capital.
FinancingOutcrop Silver Strengthens Treasury with $4.1 Million from Warrant Exercises
Total proceeds of C$4,145,742 were received from the exercise of 18,774,099 common share purchase warrants at an average price of C$0.22 per warrant, most issued in connection with a financing completed on September 22, 2022. Drilling continues with three rigs at the Santa Ana high-grade primary silver project in Colombia, where more than 21,000 metres have been completed in 2025. The 2025 drilling estimate was increased from 24,000 metres to 31,000 metres, supporting a resource update in Q1 2026.
FinancingOutcrop Silver Announces $20 Million Public Offering
A best efforts public offering of units for gross proceeds of up to $20 million at $0.35 per unit has been agreed with BMO Capital Markets as sole bookrunner and Research Capital Corporation as co-lead agent. Each unit includes one common share and one-half warrant exercisable at $0.55 for 24 months, with an acceleration right above $0.75 for 20 consecutive trading days, plus a 15% over-allotment option and a 6.0% agents' fee. Net proceeds will fund exploration and drilling at the Santa Ana project in Colombia and working capital, with closing expected on or about October 3, 2025.
FinancingOutcrop Silver Extends High-Grade At Guadual: 2.35 M Of 3,092 G/T Silver; Three-Rig Program Advancing Resource Expansion
Drilling at the Guadual vein on the 100%-owned Santa Ana silver project in Colombia returned 2.35 m of 3,092 g/t silver and 4.95 g/t gold (3,463 g/t AgEq) in DH493, 1.30 m of 4,587 g/t silver and 12.30 g/t gold (5,510 g/t AgEq) in DH495, and 2.76 m of 880 g/t silver and 1.67 g/t gold in DH486. Three rigs are drilling Guadual North for inclusion in a mineral resource update targeted for early 2026.
Drill resultsOutcrop Silver Continues to Extend Los Mangos Vein to the North
Step-out drilling at the Los Mangos vein on the Santa Ana silver project in Colombia returned 2.11 metres grading 445 g/t Ag and 2.14 g/t Au (606 g/t AgEq) and 1.88 metres grading 507 g/t Ag in hole DH476. The results come from a northern high-grade shoot about 150 metres north of the historical El 20 mine workings, with vein continuity confirmed to nearly 150 metres below surface. Holes DH474 and DH481 returned no significant results.
Drill resultsOutcrop Silver Strengthens Executive Team Ahead of Resource Update
Amandip Singh has been appointed Vice President, Corporate Development at Outcrop Silver & Gold, and was granted 500,000 incentive stock options at an exercise price of $0.29 expiring August 5, 2030. Singh has over 15 years of experience and previously worked on GT Gold's $311 million acquisition by Newmont and West Red Lake's Madsen Mine acquisition and $50 million raise. The company has a fully funded 24,000-metre drill program underway at its Santa Ana project in Colombia, with an updated resource expected in early 2026.
Management
202410 releases
Outcrop Silver Expands High-Grade Silver Resource Potential at the Jimenez Target Intercepting 5.08 Metres Grading 336 Grams Per Tonne Silver Equivalent
Drilling at the Jimenez target on the 100%-owned Santa Ana silver project in Colombia returned 5.08 metres grading 336 g/t silver equivalent in hole DH412, including 0.71 metres at 1,956 g/t AgEq, and 2.07 metres at 228 g/t AgEq in hole DH409, both from the newly discovered Jimenez North vein running parallel to the main Jimenez structure. Hole DH401 cut 3.58 metres at 131 g/t AgEq, including 0.32 metres at 1,288 g/t AgEq. Two rigs continue drilling at La Ye and Los Mangos.
Drill resultsOutcrop Silver Continues to Intercept High-Grade Silver at La Ye Discovery
Drilling at the La Ye vein target on the Santa Ana silver project in Colombia returned 0.96 metres at 628 g/t silver equivalent in DH405 and 0.30 metres at 970 g/t AgEq in DH404, following 0.60 metres at 1,136 g/t AgEq in DH402. The drilling confirmed multiple parallel, non-outcropping veins. Drilling has also begun at the Los Mangos target, about eight kilometres south of the initial Mineral Resource and four kilometres south of the Aguilar and La Ye discoveries.
Drill resultsOutcrop Silver Provides An Update On Its Regional Exploration Program At Santa Ana
Regional exploration results from the Santa Ana silver project in Colombia include channel samples from the El 20 historic workings at the Los Mangos target grading up to 1,737 grams per tonne silver over 1.60 metres and up to 2.28 grams per tonne gold, with mineralization mapped along 30 metres in a quartz vein averaging 1.32 metres wide. At La Rica, channel samples returned up to 15.59 grams per tonne gold and float boulder chip samples up to 53.92 grams per tonne, with the vein traced nearly 600 metres. Two rigs are drilling, with Los Mangos the next target to be tested.
Drill resultsOutcrop Silver Grants Options
6,250,000 incentive stock options have been granted to directors, officers and employees of Outcrop Silver & Gold Corporation at an exercise price of $0.25, expiring October 31, 2029. The company's flagship asset is the Santa Ana high-grade silver project in Colombia.
CorporateOutcrop Silver Appoints Robert Scott as Chief Financial Officer
Robert Scott has been appointed Chief Financial Officer of Outcrop Silver & Gold Corporation effective November 1, 2024, succeeding Mr. Sharma. Scott is a CPA, CA and CFA charter holder with over 25 years in accounting, corporate finance, compliance and banking, and has held positions with Great Bear Resources, ValOre Metals, Riverside Resources, Capitan Silver and First Helium. He was granted 500,000 incentive stock options at an exercise price of $0.27, expiring October 31, 2029.
ManagementOutcrop Silver Reports Additional Drill Results from the Jimenez Target at Santa Ana
Drilling at the Jimenez vein target on the 100%-owned Santa Ana silver project in Colombia returned 0.32 metres at 1,288 grams per tonne silver equivalent within a 3.58 metre intercept grading 131 grams per tonne silver equivalent in hole DH401. The same hole cut the newly discovered Jimenez North vein at 0.30 metres of 789 grams per tonne silver equivalent, within 2.04 metres at 145 grams per tonne. Vein continuity is confirmed over 500 metres of strike and 200 metres down dip, with two rigs turning at Jimenez and La Ye.
Drill results