Outcrop Silver(TSXV:ocg:ocg)

About

Outcrop Silver is a Canadian company actively exploring for precious metals in Colombia and looking to expand into other high opportunity jurisdictions. Our offices are in Vancouver, Canada and Medellin, Colombia. Our primary listing is on the Toronto Venture exchange under the symbol OCG. In addition, our shares are listed in the United States (OTCQX: OCGSF) and in Germany (DB: MRG1; ISIN: CA6900221087). Outcrop Silver is rapidly advancing the Santa Ana high-grade silver deposit with ongoing expansion drilling. Outcrop Silver is also progressing exploration on three gold projects with world-class discovery potential in Colombia. These assets are being advanced by a highly disciplined and seasoned professional team with decades of experience in Colombia. Key strengths include a strong management team with decades of worldwide exploration and mining expertise, a focus on frontier areas with a high discovery rate, and a portfolio of Colombian projects that include drill-ready, outcropping mineralized systems that can attract the interest of major mining companies.

Verified company data

Cash position

$28M (October 3rd, 2025)

Shares outstanding

463166909

Fully diluted shares

581576322

Mineral resource

Santa Ana Maiden Resource Estimate (MRE) | **Classification** | **Tonnes (Kt)** | **Average Grade** | **Contained Metal** | | --- | --- | --- | --- | | | | AgEq<br>(g/t) | Ag<br>(g/t) | Au<br>(g/t) | AgEq<br>Koz | Ag<br>Koz | Au<br>Koz | | **Total Indicated** | 1,226 | 614 | 446 | 2.3 | 24,187 | 17,567 | 88.8 | | **Total Inferred** | 966 | 435 | 312 | 1.6 | 13,504 | 9,677 | 50.9 | [Santa Ana Mineral Resource Estimate NI 43-101 View PDF](https://outcropsilver.com/site/assets/files/6003/0723022_santa_ana_mineral_resource_estimate_ni_43-101_s.pdf)

Projects

["# Santa Ana\n\n| Snapshot |\n| --- |\n| Location | Falan, Tolima Department, Colombia |\n| Ownership | 100% owned |\n| Deposit Type | Composite mesothermal – epithermal veins |\n| Primary Minerals | Silver and Gold |\n| Stage | Advanced Exploration |\n\n## Overview\n\nThe 100% owned Santa Ana project comprises over 27,697 hectares, 6,475 ha titled in the northern Tolima Department. The Santa Ana project is readily accessible by a combination of paved roads. Located approximately 15 km southeast of the town of Mariquita and 190 km from Bogota.\n\nThe project consists of six or more mapped or projected vein zones across a trend 12 kilometres wide and 30 kilometres long. Cumulatively, over 60 kilometres of mapped and inferred vein zones occur on the Santa Ana project.\n\n## History\n\nThe Santa Ana project covers a significant part of the Mariquita District where mining records date to at least 1585.  Historically, the region is famous for producing native gold from unconsolidated sediments and underground mines. Following the Spanish Conquest, more formal mining commenced, with extraction of gold and more importantly, silver specifically around the town of Falan to the North.\n\nThe Mariquita District is the highest-grade primary silver district in Colombia, with historic silver grades reported to be among the highest in Latin America. The Frias Mine on the south-central part of the project, 12 kilometres south of the Royal Santa Ana Mines produced 7.8 million ounces of silver post-production in the Spanish colonial era at a recovered grade of 1.3 kg Ag/t. The Frias Mine is considered an analogue to the Outcrops recent discoveries.\n\n## Geology\n\nQuartz veins with variable amounts of carbonates containing sphalerite, galena, pyrite and silver sulfosalts conform the mineral deposits of Santa Ana. The veins dip either at low or high angle and have predominant strikes of NNE-SSW, NE-SW and NW-SE. Known structures can run for more than 2 km and host high-grade silver-gold shoots with some credits of lead and zinc. The host lithology is competent green or black schists of the Cajamarca Formation; the same metamorphic belt that hosts porphyry mineralization at La Colosa approximately 80 km SSW.\n\n## Exploration\n\nOutcrop has conducted exploration drilling on approximately 17% of its titled surface, completing more than 330 diamond drill holes that have led to the discovery and mineral resource definition in seven mineralized veins within 3.7 km of the historic Santa Ana mines vein system. Regional exploration work has led to the definition of several additional drilling targets, with surface samples showing up to 4.5 and 9.7 kg silver grades.\n\nDrilling is currently ongoing. For more details, see the [Corporate Presentation.](https://outcropsilver.com/investors/presentations/)\n\n## Metallurgy\n\nOutcrop Silver has made notable strides in metallurgical testing, enhancing the recovery of silver and gold, and ensuring environmental responsibility.\n\nFlotation and Gravimetric Highlights:\n\nLocked cycle flotation tests have achieved outstanding recovery rates of 93% for silver and 97% for gold. The resultant high-quality concentrate boasts 9,488 grams per tonne of silver and 128 grams per tonne of gold, with low base metal presence, creating a product poised for favorable market conditions. For more details, see the see News Release dated [August 23, 2023](https://outcropsilver.com/news/outcrop-silver-achieves-outstanding-lock-cycle-flotation-recoveries-97-gold-93-silver/).\n\n| | | **Grades** | **Recoveries %** |\n| --- | --- | --- | --- |\n| **Product** | **Mass %** | **Ag g/t** | **Au g/t** | **Fe %** | **S %** | **Ag** | **Au** | **Fe** | **S** |\n| Final Concentrate | 5.17 | 9,488 | 128.74 | 35.36 | 46.75 | 92.85 | 97.14 | 31.89 | 74.83 |\n| Tails | 94.83 | 40 | 0.21 | 4.12 | 0.86 | 7.15 | 2.86 | 68.11 | 25.17 |\n| **Calculated Head** | **100.00** | **512** | **6.30** | **6.02** | **3.54** | **100.00** | **100.00** | **100.00** | **100.00** |\n| Assayed Head | 539 | 6.14 | 7.27 | 3.81 | | | | |\n\nTable 1. Summary of Flotation Concentration Metallurgical Balance\n\nThe initial gravimetric concentration tests using a Falcon Gravity Concentrator has further demonstrate significant potential for enhancing our overall recovery. The combination of high recovery rates and high-grade concentrates truly sets Santa Ana apart as a unique project in the mining sector For more details, see the see News Release dated [April 22, 2024](https://outcropsilver.com/news/outcrop-silver-announces-breakthrough-gravimetric-concentration-results-for-santa-ana/).\n\nThis streamlined approach reflects Outcrop Silver’s commitment to improving efficiency and profitability at Santa Ana, while adhering to industry best practices and environmental standards.\n\n| | | **Grades** | **Recovery %** |\n| --- | --- | --- | --- |\n| **Product** | **Mass %** | **Au g/t** | **Ag g/t** | **S %** | **Au** | **Ag** | **S** |\n| Gravimetric<br>Concentrate | 1.31 | 164.12 | 2,883 | 17.60 | 30.52 | 7.30 | 6.44 |\n| Tails | 98.69 | 4.95 | 486 | 3.39 | 69.48 | 92.70 | 93.56 |\n| Calculated Head | | 7.03 | 517 | 3.58 | | | |\n| Assayed Head | | 6.67 | 539 | 3.52 | | | |\n\nTable 2. Summary of Gravimetric Concentration Metallurgical Balance\n\n## Project Maps and Photos\n\n[](https://outcropsilver.com/site/assets/files/6119/santa-ana_map-01.jpg)\n\n[](https://outcropsilver.com/site/assets/files/6119/2.png)\n\n[](https://outcropsilver.com/site/assets/files/6119/3.png)\n\n[](https://outcropsilver.com/site/assets/files/6119/4.png)\n\n[](https://outcropsilver.com/site/assets/files/6119/5.png)\n\n[](https://outcropsilver.com/site/assets/files/6119/6.png)\n\n[](https://outcropsilver.com/site/assets/files/6119/7.png)\n\n[](https://outcropsilver.com/site/assets/files/6119/9.png)\n\n[](https://outcropsilver.com/site/assets/files/6119/10.png)\n\n[](https://outcropsilver.com/site/assets/files/6119/11.png)\n\n[](https://outcropsilver.com/site/assets/files/6119/12.png)\n\n[](https://outcropsilver.com/site/assets/files/6119/img1.png)\n\n\n\n- [Home](https://outcropsilver.com/)\n- [Corporate](https://outcropsilver.com/projects/santa-ana/#)\n - [Overview](https://outcropsilver.com/corporate/overview/)\n - [Management](https://outcropsilver.com/corporate/management/)\n - [Directors](https://outcropsilver.com/corporate/directors/)\n - [Corporate Directory](https://outcropsilver.com/corporate/corporate-directory/)\n - [Corporate Governance](https://outcropsilver.com/corporate/corporate-governance/)\n - [Disclaimer](https://outcropsilver.com/corporate/disclaimer/)\n- [Projects](https://outcropsilver.com/projects/santa-ana/#)\n - [Santa Ana](https://outcropsilver.com/projects/santa-ana-1/)\n - [Mallama](https://outcropsilver.com/projects/mallama/)\n - [Oribella](https://outcropsilver.com/projects/oribella/)\n - [Argelia](https://outcropsilver.com/projects/argelia/)\n- [Investors](https://outcropsilver.com/projects/santa-ana/#)\n - [Stock Info & Share Structure](https://outcropsilver.com/investors/stock-info-share-structure/)\n - [Events](https://outcropsilver.com/investors/events/)\n - [Videos](https://outcropsilver.com/investors/videos/)\n - [Financial Statements](https://outcropsilver.com/investors/financial-statements/)\n - [2026 AGM Materials](https://outcropsilver.com/investors/agm-materials/)\n - [Corporate Documents](https://outcropsilver.com/investors/corporate-documents/)\n - [Analyst Coverage](https://outcropsilver.com/investors/analyst-coverage/)\n - [Presentations](https://outcropsilver.com/investors/presentations/)\n - [ESTMA](https://outcropsilver.com/investors/estma/)\n- [News](https://outcropsilver.com/news/)\n- [Contact](https://outcropsilver.com/projects/santa-ana/#)\n - [Contact Us](https://outcropsilver.com/contact/contact-us/)\n - [Subscribe](https://outcropsilver.com/contact/subscribe/)\n\n* * *\n\n* * *\n\nCopyright ©\n\nOutcrop Silver Corporation\n\n\nYou are leaving the website, and we are not responsible for the contents of the external site at this link.\n\n\n\nLatest NewsProject Overview"]

Leadership

Rob Bruggeman (Chief Executive Officer and Director, Rob Bruggeman has served as a Director of AbraSilver Resource Corp. since 2018 and was Chairman until September 2025. He brings over 15 years of experience in the mining sector, focusing on corporate development, capital markets, and strategic planning. He holds a Bachelor of Engineering & Management from McMaster University and an MBA from the Schulich School of Business at York University.), Robert Scott (Chief Financial Officer, Mr. Scott is an accomplished professional with 20+ years of experience in accounting, corporate compliance, and corporate finance. He is a CPA, CA and a CFA Charterholder.), Carlos Torres (VP Exploration, Carlos Torres is an accomplished geologist with over 20 years of experience in exploration and mining, most recently serving as Vice President of Exploration at Sun Valley Investments in Colombia. He holds a Master's in Applied Economic Geology from Queen's University.), Melissa Martensen (Corporate Secretary, Melissa Martensen is an experienced administrator with over 12 years as a corporate secretary, primarily in junior mining companies. She graduated with a degree in finance from UNBC.), Thyana Alvarez (VP Corporate Relations & Country Manager, Ms. Alvarez is a social leader with over 20 years of experience in Corporate Social Responsibility and Stakeholder Management. She was named one of Colombia's most influential women in 2024.)

Verified data last updated: 2026-06-12

Recent filings

• ocg_2026-06-03_10-36-56.pdf — 2026-06-03 — press_release
• ocg_2026-06-02_22-39-16.pdf — 2026-06-02 — press_release
• ocg_2026-05-22_17-08-02.pdf — 2026-05-22 — press_release
• ocg_2026-05-19_05-54-57.pdf — 2026-05-19 — press_release
• OUTCROP CONFIRMS CONTINUITY OF HIGHGRADE SILVER MINERALIZED SHOOTS AT GUADUAL — 2026-04-30 — press_release
• Mr. Bruggeman brings more than 20 years of experience across capital markets, corporate development, and executive leadership in the mining sector. As former Chairman and Interim CEO of AbraSilver Resource Corp., he led a transformation that saw the company grow from approximately $10 million to ove — 2026-04-20 — press_release
• ocg_2026-04-13_19-43-56.pdf — 2026-04-13 — financials
• ocg_2026-04-13_19-41-32.pdf — 2026-04-13 — mda

Investor FAQ

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