Expansion Of High-Grade Megapozo Shoot At Santa Ana

VANCOUVER Outcrop Silver & Gold Corporation reported on additional core holes drilled in Megapozo designed to connect two areas of high-grade mineralization. Megapozo is one of thirteen high-grade shoots of Outcrop Silver's high-grade Santa Ana silver project in Colombia. Outcrop Silver has three core rigs active at Santa Ana, completing approximately 1,800 meters per month focused on expanding known high-grade shoots and greenfield target testing. Assay results will be received regularly.

Highlights: DH314 and DH315 connect two areas of high-grade mineralization in Megapozo; DH314 intersected 1.71 meters true thickness of 777 grams equivalent silver per tonne, including 1.04 meters of 1,219 grams equivalent silver per tonne; DH315 intersected 0.73 meters true thickness of 551 grams equivalent silver per tonne; Mineralization in Megapozo shoot has an impressive surface footprint of over 350 meters by 380 meters and remains open to the northwest and southeast; Megapozo comprises an average true thickness of 0.80 meters at a weighted average grade of 1,068 grams equivalent silver per tonne over 19 drill holes; and None of the thirteen high-grade shoots identified on Santa Ana have drill-defined limits. Low-risk drill definition provides an opportunity to substantially increase potential resource areas.

"We are very excited to return a drill rig to Megapozo and see that the shoot continues to expand," said Guillermo Hernandez, Vice President of Exploration. "Our current program in the heart of the Santa Ana project in Megapozo, hosted within the Paraiso vein, aims to deliver a larger resource from this important shoot. "Definition drilling to define the limits of thirteen identified high-grade shoots will substantially increase potential resources," comments Joseph Hebert, Chief Executive Officer. "Numerous high-quality targets lined up for drill testing in 2023 will provide the same. Outcrop Silver targets, some characterized by surface values up to 6,300 grams silver per tonne and 9,700 grams equivalent silver per tonne, have shown a very high success rate for discovery and that trend is expected to continue."