Outcrop Silver & Gold Corp.
Outcrop Silver & Gold Corp. is advancing the Santa Ana Silver Project in Colombia, which the Company positions as one of the world’s richest primary silver deposits. Outcrop is focused on high-grade silver discovery and resource growth through systematic drilling across a large, vein-hosted district with multiple discoveries.
Stock Information
Why Invest
A compelling investment opportunity backed by a high-quality asset base, disciplined capital structure, and multiple near-term catalysts that support long-term value creation.
One of the world’s richest primary silver systems
Outcrop’s core investment thesis is anchored in the exceptionally high-grade nature of Santa Ana and its position as a primary silver-dominant deposit.
Established NI 43-101 resource base with near-term update expected
Santa Ana already has a defined NI 43-101 Mineral Resource Estimate (effective date April 26, 2023) of:
- Indicated: 1.23 Mt containing 24.2 Moz AgEq
- Inferred: 0.97 Mt containing 13.5 Moz AgEq
The Company highlights an anticipated Q1 2026 Mineral Resource Estimate update, providing a clear near-term re-rating catalyst.
Multiple discoveries supporting district-scale upside
Outcrop emphasizes a discovery-driven strategy with six discoveries forming the foundation of ongoing value creation at Santa Ana.
Strong drilling execution and newsflow
The presentation notes 2025 drilling of ~31,000 metres, reinforcing a consistent track record of active exploration and resource expansion drilling.
Funded and supported
Outcrop reports a healthy treasury, with ~C$22M cash shown in the corporate presentation, supporting continued drilling and technical work.
Timeline and Milestones
A clear, execution-driven roadmap highlighting recent achievements and upcoming milestones that advance the company from development toward value realization.
RECENTLY ACCOMPLISHED
- 2025 drilling campaign: ~31,000 metres completed at Santa Ana
- Continued advancement of Santa Ana through ongoing discoveries and resource growth strategy (“Six discoveries”)
UPCOMING
- Anticipated Q1 2026 Mineral Resource Estimate update
- Continued drilling and discovery-driven expansion across the Santa Ana vein systems
Projects
Santa Ana Silver Project (Flagship) — Colombia
Santa Ana is a high-grade, vein-hosted silver district project with multiple discoveries and an established resource base. Outcrop’s work program is centered on expanding and upgrading resources through drilling across vein systems.
People
Outcrop highlights experienced capital markets and exploration leadership alongside strong sponsorship. The deck also shows meaningful insider/strategic ownership and institutional participation (including Eric Sprott listed within the ownership breakdown).
How Does It Compare to Peers
High-grade primary silver positioning
Outcrop positions Santa Ana as an exceptionally high-grade primary silver system, which is relatively rare in a market where many “silver” peers are meaningfully supported by base metals or gold credits.
Resource + discovery leverage
With an existing NI 43-101 resource and multiple discoveries feeding the drill pipeline, Outcrop offers a combination of resource-defined ounces + exploration upside—a profile that tends to outperform purely conceptual explorers.
Near-term re-rate catalyst
The Company’s expected Q1 2026 MRE update creates a defined milestone that can drive valuation re-pricing relative to peers without upcoming resource events.