# Outcrop doubles inferred silver at Santa Ana in Colombia Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/outcrop-doubles-inferred-silver-at-santa-ana-in-colombia--ff8536a2-4923-4806-b1be-aa72199e500a Original source: https://www.northernminer.com/news/outcrop-doubles-inferred-silver-at-santa-ana-in-colombia/1003894891/ Publisher: northernminer Original announcement: 2026-09-16T15:00:50.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Outcrop Silver & Gold - Ticker: OCG - Exchange: Unavailable - Region: Colombia - Primary commodity: Silver - Secondary commodities: Gold - Document categories: Resource update - Extracted: 2026-09-16 16:49:58 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Outcrop Silver & Gold has updated its Santa Ana project resource in Colombia, significantly increasing inferred silver metal by 107% and indicated silver by 23%. The update is supported by 130,006 metres of new drilling and expands the resource footprint to include the Los Mangos system. Reasoning: The resource update shows substantial growth in both inferred and indicated silver metal content, driven by significant additional drilling and footprint expansion. - Positive factor: Significant increase in inferred silver \(107%\) - Positive factor: Contained silver growth from 27.2 Moz to 41.8 Moz - Positive factor: Contained gold growth from 139,700 oz to 202,000 oz - Positive factor: Expansion of resource footprint to Los Mangos Facts used in scoring: 8 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The update includes 2.3 million tonnes of inferred silver resource. Evidence · text > Inferred resources add 2.3 million tonnes grading 266 grams silver and 1.29 grams gold **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The update includes 1.8 million indicated tonnes of silver resource. Evidence · text > 1.8 million indicated tonnes grading 376 grams silver **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Total silver contained metal increased from 27.2 million oz to 41.8 million oz. Evidence · text > contained silver has grown to 41.8 million oz. from 27.2 million oz. **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: Contained silver increased by approximately 53% and gold by 43%. Evidence · text > contained silver has grown to 41.8 million oz. from 27.2 million oz., while gold has increased to 202,000 oz. from 139,700 oz. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document reports a revised resource estimate compared to the 2023 resource. Evidence · text > reported more than twice the inferred and almost a quarter more indicated silver at its Santa Ana project in Colombia than in its 2023 resource. ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Resource Estimates (8) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outcrop-doubles-inferred-silver-at-santa-ana-in-colombia--ff8536a2-4923-4806-b1be-aa72199e500a#fact-resource-facts-0) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Resource group id: resource:b7b1a982b292b6718032 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1800000 - Grade: 376 - Grade Unit: g/t - Contained Metal: 21700000 - Contained Unit: oz. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Strong indicated silver grade and significant metal increase. - Positive factor: High grade indicated resource Evidence · text > 1.8 million indicated tonnes grading 376 grams silver per tonne and 1.8 grams gold, containing 21.7 million oz. silver and 104,000 oz. gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outcrop-doubles-inferred-silver-at-santa-ana-in-colombia--ff8536a2-4923-4806-b1be-aa72199e500a#fact-resource-facts-1) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Resource group id: resource:b7b1a982b292b6718032 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 1800000 - Grade: 1.8 - Grade Unit: g/t - Contained Metal: 104000 - Contained Unit: oz. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Gold is a significant byproduct in this indicated resource. Evidence · text > 1.8 million indicated tonnes grading 376 grams silver per tonne and 1.8 grams gold, containing 21.7 million oz. silver and 104,000 oz. gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outcrop-doubles-inferred-silver-at-santa-ana-in-colombia--ff8536a2-4923-4806-b1be-aa72199e500a#fact-resource-facts-2) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Resource group id: resource:42b9f14fe148f3cbe5c7 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 2300000 - Grade: 266 - Grade Unit: g/t - Contained Metal: 20100000 - Contained Unit: oz. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Exceptional growth in inferred silver content. - Positive factor: Massive increase in inferred silver metal Evidence · text > Inferred resources add 2.3 million tonnes grading 266 grams silver and 1.29 grams gold for 20.1 million oz. silver and 98,000 oz. gold. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outcrop-doubles-inferred-silver-at-santa-ana-in-colombia--ff8536a2-4923-4806-b1be-aa72199e500a#fact-resource-facts-3) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Resource group id: resource:42b9f14fe148f3cbe5c7 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 2300000 - Grade: 1.29 - Grade Unit: g/t - Contained Metal: 98000 - Contained Unit: oz. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Significant gold byproduct in inferred resource. Evidence · text > Inferred resources add 2.3 million tonnes grading 266 grams silver and 1.29 grams gold for 20.1 million oz. silver and 98,000 oz. gold. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outcrop-doubles-inferred-silver-at-santa-ana-in-colombia--ff8536a2-4923-4806-b1be-aa72199e500a#fact-resource-facts-4) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Resource group id: resource:c81d537809237119c546 - Deposit or zone: Los Mangos - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 170000 - Grade: 397 - Grade Unit: g/t - Contained Metal: 2200000 - Contained Unit: oz. silver #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Expansion of resource into Los Mangos system. - Positive factor: New indicated resource at Los Mangos Evidence · text > indicated resources of 170,000 tonnes grading 397 grams silver and 1.62 grams gold, containing 2.2 million oz. silver and 9,000 oz. gold. #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/outcrop-doubles-inferred-silver-at-santa-ana-in-colombia--ff8536a2-4923-4806-b1be-aa72199e500a#fact-resource-facts-5) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Resource group id: resource:c81d537809237119c546 - Deposit or zone: Los Mangos - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 170000 - Grade: 1.62 - Grade Unit: g/t - Contained Metal: 9000 - Contained Unit: oz. gold #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Gold byproduct at Los Mangos. Evidence · text > indicated resources of 170,000 tonnes grading 397 grams silver and 1.62 grams gold, containing 2.2 million oz. silver and 9,000 oz. gold. #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outcrop-doubles-inferred-silver-at-santa-ana-in-colombia--ff8536a2-4923-4806-b1be-aa72199e500a#fact-resource-facts-6) Santa Ana · silver #### Identity - Project: Santa Ana - Commodity: silver - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Resource group id: resource:0142f4afddc505f6b6b3 - Deposit or zone: Los Mangos - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 78000 - Grade: 488 - Grade Unit: g/t - Contained Metal: 1200000 - Contained Unit: oz. silver #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: High grade inferred silver at Los Mangos. Evidence · text > Inferred resources add 78,000 tonnes at 488 grams silver and 0.76 gram gold, containing 1.2 million oz. silver and 2,000 oz. gold. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/outcrop-doubles-inferred-silver-at-santa-ana-in-colombia--ff8536a2-4923-4806-b1be-aa72199e500a#fact-resource-facts-7) Santa Ana · gold #### Identity - Project: Santa Ana - Commodity: gold - Region: colombia - Reported Region: Colombia - Ticker: OCG #### Resource scope - Estimate type: resource - Resource group id: resource:0142f4afddc505f6b6b3 - Deposit or zone: Los Mangos - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 78000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz. gold #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Gold byproduct at Los Mangos. Evidence · text > Inferred resources add 78,000 tonnes at 488 grams silver and 0.76 gram gold, containing 1.2 million oz. silver and 2,000 oz. gold. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.