Outcrop Silver intercepts high-grade Ag-Au at Morena and Aguilar

Canada NewsWire

Drilling at Morena Target Intercepts 0.71 Metres Grading 2,559 g/t AgEq (1,646 g/t Ag and 10.35 g/t Au) and 1.74 Metres Grading 646 g/t AgEq (488 g/t Ag and 1.79 g/t Au)

VANCOUVER, BC, Aug. 5, 2026 /CNW/ -- Outcrop Silver & Gold Corporation (TSX: OCG) (OTCQX: OCGSF) (DE: MRG) ("Outcrop Silver" or the "Company") is pleased to announce assay results from recent drilling at the Morena and Aguilar targets, on the Company's flagship Santa Ana silver-gold project in Colombia. New drilling completed at Morena since the discovery announced July 22, 2025 , returned a narrow high-grade intercept in hole DH613 and a broader intercept in hole DH601. At the Aguilar target, drilling in the northern sector continued to intersect mineralization within the Aguilar, Aguilar N, and associated splay structures previously reported in the Company's news release dated June 3, 2026.

These results have been incorporated into the Company's geological model, positioning Morena as an additional target expected to contribute contained ounces in the Company's anticipated upcoming mineral resource estimate (" MRE ") update. The Company expects the new MRE to be announced in September 2026.

Highlights

Hole DH613 intersected 0.71 metres ("m") (0.34 m estimated true width ("ETW")) grading 1,646 g/t Ag and 10.35 g/t Au (2,559 g/t silver-equivalent 1 ("AgEq")) at Morena, including 0.41 m (0.20 m ETW) grading 2,839 g/t Ag and 17.72 g/t Au (4,403 g/t AgEq).

Hole DH601 intersected 1.74 m (1.42 m ETW) grading 488 g/t Ag and 1.79 g/t Au (646 g/t AgEq) at Morena, including 0.30 m (0.24 m ETW) grading 974 g/t Ag and 6.23 g/t Au (1,524 g/t AgEq) and 0.30 m (0.24 m ETW) grading 1,464 g/t Ag and 2.61 g/t Au (1,694 g/t AgEq).

Hole DH631 intersected 0.30 m (0.19 m ETW) grading 1,554 g/t Ag and 5.44 g/t Au (2,033 g/t AgEq) within the Aguilar N structure.

Hole DH628 intersected 2.21 m