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Mining Co. Hits Some of Its Best Drill Results to Date

 

June 15, 2022 (Investorideas.com Newswire) The explorer's latest drill results are some of the best reported to date at its silver-gold project, noted a Research Capital Corp. report.

Outcrop Silver & Gold Corp. (OCG:TSX.V; OCGSF:OTCQX; MRG1:DB) discovered an 11th high-grade shoot and hit two of the widest and highest grade intercepts to date via drilling at Santa Ana, reported Research Capital Corp. analyst Stuart McDougall in a June 13 research note. These findings are further good news for the explorer's upcoming initial resource estimate for the silver-gold project.

The Canadian explorer encountered this additional shoot in the Maras target, specifically where the Maras and Las Peñas vein sets intersect.

"With the other 10, this latest discovery brings to 2.8 kilometers the cumulative vein trend available for potential inclusion in the pending maiden resource estimate scheduled for later in the year," wrote McDougall.

So far, Outcrop has traced the Peñas vein from surface to a depth of 120 meters and along strike for about 60 meters. Mineralization there remains open.

Research Capital estimates Santa Ana's initial resource estimate will be at least 50,000,000 ounces of gold equivalent. Accordingly, the investment firm has a price target on Outcrop of CA$0.75 per share, and this reflects a significant potential return from the current share price, which is around CA$0.15.

Also noteworthy in Outcrop's recent news, two of the three drill holes for which the company just released results returned the thickest intercept to date, noted McDougall. Spanning 4.69 meters (4.69m), it returned assays of 840 grams per ton silver (840 g/t Ag) and 0.8 g/t ton gold (Au), including, in the final 1.1 meters, 2,873 g/t Ag and 1.78 g/t Au in the final 1.1 meters.

These numbers are close to those encountered historically in an intercept at the Robert Tovar shoot, 4.94 meters of average grades of 510 g/t Ag and 3.06 g/t Au.

McDougall highlighted that a second new hole returned the highest grades at Santa Ana so far, silver grades up to 11,792 grams per ton. The hole returned 7,412 g/t Ag and 1.82 g/t Au over 1.85 meters This included, over the first 0.3 meters, grades of 4,703 g/t Ag and 5.41 g/t Au. Grades over the next 1.01 meters were 5,875 g/t Ag and 1.36 g/t Au. Over the final 0.54 meter, they were 11,792 g/t Ag and 0.71 g/t Au.

In comparison, the second-highest grade shoot was Megapozo, which showed a silver grade of 5,550 g/t and a gold grade of 69.6 g/t, over 0.95 meter, indicated McDougall.

Results from this second new hole are similar to those from holes DH236 and DH239, reported earlier this month.

Research Capital Corp. maintains its Speculative Buy rating and CA$0.75 per share target price on Outcrop, the stock of which is currently trading at around CA$0.15 per share.

Disclosures

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.

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 the 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.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees, or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in the securities mentioned. Directors, officers, employees, or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. 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., a company mentioned in this article.

Disclosures for Research Capital Corp., Outcrop Silver & Gold Corp, June 13, 2022

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 www.researchcapital.com 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.

General Disclosures: The opinions, estimates and projections contained in all Research Reports published by Research Capital Corporation ("RCC") are those of RCC as of the date of publication and are subject to change without notice. RCC makes every effort to ensure that the contents have been compiled or derived from sources believed to be reliable and that contain information and opinions that are accurate and complete; RCC makes no representation or warranty, express or implied, in respect thereof, takes no responsibility for any errors and omissions which may be contained therein and accepts no liability whatsoever for any loss arising from any use of or reliance on its Research Reports or its contents. Information may be available to RCC that is not contained therein. Research Reports disseminated by RCC are not a solicitation to buy or sell. All securities not available in all jurisdictions.

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.

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