Seizing Silver: OCG's MRE for its Santa Ana Silver Project As highlighted in the article below, analysts anticipate Silver Price rises throughout the year, potentially outperforming gold. This optimistic outlook sets the stage for exploration companies like Outcrop Silver & Gold Corporation (Ticker: OCG.v or OCGSF for US investors) to capitalize on the anticipated surge in silver prices.
Source: https://www.resource-capital.ch/en/news/view/2024-and-the-outlook-for-precious-metals/
Unveiling Substantial Resources
Outcrop Silver & Gold Corporation recently disclosed its inaugural mineral resource estimate for its Santa Ana Silver Project, unveiling substantial indications of silver equivalent resources. This estimate revealed over 24 million ounces of indicated silver equivalent and 13.5 million ounces of inferred resources, highlighting the project's promising potential.
Demonstrating Viability
In addition to this milestone, recent metallurgical assessments have produced promising results, with recovery rates of 97% for gold and 93% for silver, showcasing the project's ability to efficiently produce high-grade precious metal concentrates. These positive findings underscore the viability and economic potential of the Santa Ana Silver Project.
Validating Abundant Mineralization
Furthermore, significant drilling intercepts, including 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, further validate the abundant mineralization within the project area. These impressive results affirm the company's exploration efforts and reinforce confidence in the project's resource potential.
Commitment to Growth
OCG's strategic focus on translating exploration targets into tangible resources continues to yield promising outcomes, demonstrating the company's steadfast commitment to enhancing resource potential and delivering value to its stakeholders. Building on this momentum, OCG recently announced a public offering to raise up to $3M to advance its ambitious exploration efforts at Santa Ana, signaling its dedication to capitalizing on the favorable market conditions and maximizing the project's value.
Check out OCG's latest presentation for more info:
Posted on behalf of Outcrop Silver & Gold Corp.