Outcrop Silver & Gold Corp. (OCG:TSX.V; OCGSF:OTCQX; MRG1:DB) discovered three new targets returning impressive gold and silver grades at its Santa Ana project, reported Research Capital Corp. analyst Stuart McDougall in an August 23, 2022 research note.



“We think their discovery lends considerable support to our baseline resource expectations,” McDougall commented. “We remain impressed by the pace and extent of the vein discoveries at Santa Ana.”



Outcrop discovered these northeasterly striking targets along the Frias-La Ye trend during its ongoing mapping, trenching, and geochemical sampling program. McDougall noted all three targets feature a series of parallel and subparallel quartz veins, about 3.45 kilometers’ worth in all, available for drill testing.



The analyst also presented some preliminary surface result highlights from each of the three areas.  



The following grades are returned by La Ye:



  • 11.39 g/t Gold and 4.043 g/t Silver: A float sample
  • 13.21 g/t Gold and 462 G/T Silver: Float sample
  • Sample of outcropping quartz vein – 2.1 g/t Gold and 246g/t Silver
  • Sample of sheared wallrock: 5.48 g/t Gold and 2.141 g/t Silver



From Los Mangos, returned grades include:



  • Sample of historic dump material: 1.9 g/t Gold and 9,738g/t Silver
  • Sample of historic dump material: 27.71 g/t Gold and 1.320 g/t Silver
  • Sample of outcropping quartz vein: up to 4.72 g/t Gold and up to 4,545 G/T Silver



Topacio has returned grades including:



  • 29.63 g/t Gold and 83 G/t Silver: Float sample
  • 1,181 g/t silver: outcropping quartz vein sample
  • Up to 622 g/t silver: shear zone samples



Research Capital recommends a Speculative Buy and a CA$0.75 target price for Outcrop. Outcrop is currently trading at CA$0.18 per Share.



1) Doresa Banning wrote this article for Streetwise Reports LLC. She provides Streetwise Reports with her services as an independent contractor. The following companies are owned by her or her household: None. The following companies pay her or her household members: None



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Disclosures for Research Capital Corp. and Outcrop Silver & Gold Corp. August 23, 2022



Analyst Certification: Stuart McDougall certifies that the views in this report are based on my analysis of industry data. They also accurately reflect my opinion regarding the investment merits and risks of the securities. I also certify that any compensation received for this report is independent of specific recommendations and views. Research Capital Corporation publishes investment and research recommendations for 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. The name of Research Capital Corporation analyst whose name appears here hereby certifies that: (i) the opinions and recommendations made in this research document accurately reflect the analyst’s personal views; (ii) no part or compensation of the analyst for research was or will be directly related to any of the conclusions or recommendations in this research.



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