OCG Up 11% on High Vol, $3M PP Still Open Today, Outcrop Silver & Gold Corporation (Ticker: OCG.v or OCGSF for US investors) saw a 11% surge in its stock price, buoyed by high trading volume, all while its $3 million public offering remains open.
This financial maneuver represents a pivotal moment for the company as it pushes forward with its ambitious exploration efforts at the Santa Ana project nestled within Colombia's Tolima Department.
OCG recently shared its inaugural mineral resource estimate for the Santa Ana project, revealing substantial indications of silver equivalent resources.
This estimate showed over 24 million ounces of indicated silver equivalent and 13.5 million ounces of inferred resources, shedding light on the promising potential of the project.
Furthermore, recent metallurgical assessments have showcased encouraging results, demonstrating recovery rates of 97% for gold and 93% for silver. These findings underscore the project's capacity to yield high-grade precious metal concentrates efficiently.
Noteworthy intercepts from drilling activities, such as 16.08 g/t gold and 2,719 g/t silver in the Las Abejas Shoot at El Dorado Vein and 7.95 g/t gold and 2,919 g/t silver in the Los Naranjos Vein, provide further validation of the abundant mineralization within the project area.
Outcrop Silver & Gold Corporation's strategic focus on translating exploration targets into tangible resources continues to yield promising outcomes, exemplifying the company's unwavering commitment to enhancing resource potential and delivering value to its stakeholders.
Full Press Release: https://outcropsilverandgold.com/news/outcrop-silver-announces-3-million-public-offering-of-units/
Posted on behalf of Outcrop Silver & Gold Corp.