OCG's High-Grade Silver Deposit & Strategic Developments Ian Harris, President and CEO of Outcrop Silver (OTCQX: OCGSF | TSXV: OCG) recently presented at the Uranium, Battery, and Precious Metals Investor Conference, offering insights into its operations and future prospects.
The presentation emphasized the increasing demand for silver, driven by its crucial role in various industrial applications, particularly in the rapidly growing solar energy sector. However there is a significant supply-demand gap in the silver market, with some projecting a deficit of 265 million ounces, or 20% of the world's supply, in 2024.
Outcrop Silver's flagship project, the Santa Ana deposit in Colombia, has shown high silver grades, with indicated resources boasting 446 silver grams per ton, placing it among the highest-grade deposits globally. Outcop's ongoing exploration efforts are aimed at expanding the resource base by exploring additional targets within the project area.
The presentation also addressed the metallurgical aspects of the project, emphasizing the high recovery rates of silver through flotation processes.
Outcrop is both focused on short-term objectives, such as increasing resource estimates, and long-term goals, including potential mine development. The company uses a prudent approach to project development, acknowledging the possibility of a future sale while maintaining a mindset geared towards building a successful mine.
The presentation also addressed concerns about market volatility and potential short-selling activities affecting Outcrop Silver's stock price, highlighting the company's proactive measures to mitigate such risks and ensure a fair valuation for shareholders.
Full presentation here:
Posted on behalf of Outcrop Silver & Gold Corp.