Outcrop Silver & Gold Corporation has successfully closed a non-brokered private placement offering, raising $5 million from Eric Sprott. The funds will be used to advance exploration and development activities at the Company’s flagship Santa Ana high-grade silver project in Colombia. This investment strengthens the Company’s financial position and demonstrates strong investor confidence in the project’s potential.
Outcrop Silver & Gold Corporation has successfully secured $5 million through a private placement led by Eric Sprott. The funds will be used to advance the company’s flagship Santa Ana high-grade silver project in Colombia, with a focus on exploration and development. The company anticipates the closing of the offering on or about October 3, 2024.
Outcrop Silver & Gold Corporation reports significant high-grade silver intercepts at the Aguilar vein discovery, located 5 kilometers south of the existing resource at its Santa Ana project in Colombia. These recent drill holes confirm the high-grade silver potential of the main Aguilar vein and newly discovered parallel veins. The company’s aggressive exploration strategy includes two active drill rigs and expanded regional target generation programs, aiming to significantly increase the existing resource and define new growth pathways along the 30-kilometer vein corridor.
