OCG at PDAC 2024 (with Video) Ian Harris, Director, President, and CEO of Outcrop Silver & Gold (Ticker: OCG.v or OCGSF for US investors), shared compelling insights at PDAC 2024 during a panel discussion titled "The Rediscovery of The Discovery," hosted by CEO.ca. The discussion centered around the significance of discoveries in the mining industry and Outcrop's strategic approach to exploration amidst a backdrop of optimistic market conditions.
Outcrop Silver & Gold Corporation finds itself in an opportune position as analysts anticipate silver price rises throughout the year, potentially outperforming gold. This optimistic outlook sets a promising stage for Outcrop to capitalize on the anticipated surge in silver prices.
Significant developments have been taking place at Outcrop's Santa Ana Silver Project, notably the disclosure of the inaugural mineral resource estimate. This estimate revealed over 24 million ounces of indicated silver equivalent and 13.5 million ounces of inferred resources, signaling the project's substantial potential.
In the panel presentation, Harris highlights how despite having released this initial resource report, the company remains firmly in the resource development stage, continually exploring multiple veins and targets within the Santa Ana project.
Recent metallurgical assessments showcased impressive recovery rates of 97% for gold and 93% for silver, underscoring the project's efficiency in producing high-grade precious metal concentrates. These positive findings validate the viability and economic potential of the Santa Ana Silver Project.
The project's notable drilling intercepts include 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. These results further validate the abundant mineralization within the project area, reinforcing confidence in Outcrop's exploration efforts.
Harris emphasized the dynamic nature of exploration, highlighting the need to continuously drill and test targets to validate discoveries. He explained that each new vein or target represents a potential mini-discovery, underscoring the constant state of discovery mode the company operates in.
To further capitalize on favorable market conditions and maximize the project's value, OCG recently announced a public offering to raise up to $3M to advance its ambitious exploration efforts at Santa Ana.
Overall, Ian Harris's presentation at PDAC 2024 showcased Outcrop Silver & Gold's strategic initiatives, emphasizing the company's readiness to seize opportunities in the evolving market landscape and unlock the full potential of its projects.
Full video here:
Posted on behalf of Outcrop Silver & Gold Corp.