Latest News

New High-grade Drill Targets Add to Project Upside


January 10, 2023 ( Newswire) Drilling at this Colombia property and metallurgical testing continue ahead of the maiden resource estimate due out in Q1/23, noted a Research Capital Corp. report.

Outcrop Silver & Gold Corp. (OCG:TSX.V; OCGSF:OTCQX; MRG1:DB) discovered more high-grade vein targets via sampling at Santa Ana in Colombia and guided to release of the project’s maiden resource estimate in Q1/23, reported Research Capital Corp. analyst Stuart McDougall in a Jan. 3 research note.

The Canadian precious metals explorer is currently trading at about CA$0.29 per share, and Research Capital’s price target is CA$0.75 per share. The price difference implies a potential 154% return for investors.

Mineralization Boasts High Grade

The newest results from sampling at Santa Ana are noteworthy for grades as high as 40 grams per ton (40 g/t) for gold (Au) and 4,259 g/t for silver (Ag), wrote McDougall. Highlights included:

Up to 39.73 g/t Au and 3,748 g/t Ag from quartz vein float collected in the Las Lajas area
Up to 10.98 g/t Au and 92 g/t Ag from a channel sample of vein outcrop in the Cavadia area
Up to 3,203 g/t Ag from vein float taken from the Topacio area
Up to 19.51 g/t Au and 4,259 g/t Ag from quartz vein float procured from the previously identified Aguilar vein area

Resource Estimate Imminent

As for the pending resource estimate, the analyst noted that metallurgical testing at SGS Labs pushed back its release from year-end 2022.

McDougall explained, “The ongoing metallurgical studies are designed to augment the preliminary ones with locked cycle floatation data, as well as concentrate gold screening and mineralogical characterization.”

So far, testing using conventional milling methods resulted in 96% gold and 94% silver recoveries on average to a concentrate of about 83 g/t Au and 6,540 g/t Ag, McDougall noted.

Completion of the initial resource estimate for Santa Ana, a potential catalyst for Outcrop’s stock, is now expected in Q1/23. In the meantime, other potential stock-moving events include additional drill results from Santa Ana, where three rigs remain active.

Two More Holes Reported

In other news, results from two additional holes from Santa Ana extended the mineralization in Las Maras or the Las Pe?as vein. DH308 and stepout DH306, drilled to follow up on southern hole DH290, returned:

DH308: 0.87 meters (0.87m) of 2.72 g/t Au and 537 g/t Ag, including 0.38m of 4.11 g/t Au and 801 g/t Ag

DH306: 0.71m of 0.78 g/t Au and 194 g/t Ag, including 0.29m of 1.7 g/t Au and 453 g/t Ag; the hole showed a high-grade splay off of the main vein

To date, Las Maras has returned the deepest mineralization, as far down as 350m, versus the other veins’ 170m on average.

Research Capital rates Outcrop Speculative Buy.


1) Doresa Banning wrote 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. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) This 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.

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 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., January 3, 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.

General Disclosures: The opinions, estimates and projections contained in all Research Reports published by Research Capital Corporation (“RCC”) are those ofRCC 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.

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.

RCC USA: 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).

More Info:

This news is published on the Newswire – a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire and

Global investors must adhere to regulations of each country. Please read privacy policy: – investing ideas in gold and mining stocks

Like Gold Stocks? View our Gold / Mining Stocks Directory

2023’s most anticipated games

Previous article

Second Home Market: South Lake Tahoe in December

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News