09:05 AM EDT, 08/28/2024 (MT Newswires) -- Outcrop Silver & Gold ( OCGSF ) reported Wednesday additional high-grade silver intercepts at the Aguilar vein discovery within the Santa Ana project in Colombia.

According to a statement, highlights include 1.18 meters of 1,035 grams per tonne (g/t) silver equivalent and 0.71 meters of 1,081 g/t silver equivalent.

Outcrop said the results continued to confirm high-grade silver along the main Aguilar vein and the newly discovered parallel and non-outcropping veins.

"The consistency of high-grade silver findings over an extended strike length, on multiple veins confirm Aguilar's role as a cornerstone of our ambitious exploration plans," President and CEO Ian Harris said. "As we continue to step out from the known resources and test new targets, each successful drill hole at Aguilar is a step towards dramatically scaling our resource base, cementing our commitment to deliver substantial value through meticulous, scientific exploration."

The company said it has ramped up its exploration activities with two active drill rigs and has expanded its regional target generation programs.

Outcrop's share price fell 4.4% yesterday to $0.215.