Outcrop Silver & Gold Corporation (Ticker: OCG.v or OCGSF for US investors) is at the forefront of high-grade silver exploration, with its primary focus on the Santa Ana high-grade silver project situated in the Falan region of Tolima Department, Colombia.
Spanning over 27,697 hectares, the Santa Ana project represents a significant opportunity for the company to advance its exploration efforts and potentially become a key player in Colombia's mining sector.
The Santa Ana project is characterized by a composite mesothermal-epithermal vein deposit type, with primary minerals consisting of silver and gold. Current resource estimates reveal approximately 27 million ounces of silver and 140,000 ounces of gold, totaling 37.5 million ounces of silver equivalent. Notably, the deposit's high-grade silver content, accounting for around 77% of the resource, highlights its potential as a valuable asset for Outcrop Silver
The current resource is on less than 10% of the property and is comprised from just 7 of the project's 22 known and tested veins.
Outcrop Silver's exploration strategy is centered around expanding the resource base by testing and validating multiple additional discoveries within the known vein systems. This approach aims to demonstrate the project's scalability and unlock its full value for shareholders.
Outcrop Silver's commitment to responsible mining practices and community engagement is evident in its operations at the Santa Ana project. The company emphasizes environmental stewardship, economic impact, and corporate governance, with initiatives aimed at maximizing local content and fostering partnerships with surrounding communities. Outcrop Silver's forthcoming ESG report will provide comprehensive insights into its sustainable practices, further enhancing transparency and accountability.
Looking ahead, Outcrop Silver remains focused on advancing the Santa Ana project, including conducting a drill program in Q2 2024. The company's strategic objectives include converting exploration targets into tangible discoveries, enhancing economic and environmental viability through metallurgical advancements, and strengthening community ties to de-risk the project. Through these efforts, Outcrop Silver aims to unlock the full potential of the Santa Ana project and deliver long-term value to its stakeholders.
More here: https://outcropsilverandgold.com/news/outcrop-silver-annual-letter-to-shareholders-2024/
Posted on behalf of Outcrop Silver & Gold Corp