Outcrop Silver & Gold Corporation (Ticker: OCG.v or OCGSF for US investors) emerges as a trailblazer in the realm of high-grade silver exploration, with its focal point entrenched in the Santa Ana high-grade silver project nestled within Colombia's Tolima Department, specifically in the Falan region.
Current assessments of resources unveil an estimate of approximately 27 million ounces of silver and 140,000 ounces of gold, culminating in a grand total of 37.5 million ounces of silver equivalent.
Expanding across 27,697 hectares, the Santa Ana project emerges as a pivotal prospect for the company, poised to spearhead its exploration endeavors. Characterized by a composite mesothermal-epithermal vein deposit type, the Santa Ana project boasts a rich tapestry of primary minerals, notably silver and gold.
Noteworthy is the deposit's substantial high-grade silver content, constituting roughly 77% of the total resource, underscoring its significance as a prized asset for Outcrop Silver.
Remarkably, the existing resource base merely scratches the surface, encompassing less than 10% of the property and sourced from a mere 7 of the project's 22 meticulously tested veins.
Outcrop Silver's blueprint for exploration orbits around the expansion of the resource base by meticulously scrutinizing and validating multiple additional discoveries within the known vein systems. This strategic maneuver seeks to showcase the project's scalability while unraveling its full worth to stakeholders.
Looking forward, Outcrop Silver is fixated on propelling the Santa Ana project forward, earmarked by a drill program slated for Q2 2024.
Strategic objectives encompass the conversion of exploration targets into tangible discoveries, bolstering economic and environmental viability through metallurgical innovations, and cementing community bonds to mitigate project risks.
Through these concerted endeavors, Outcrop Silver endeavors to unlock the Santa Ana project's latent potential, ushering in enduring value for its stakeholders.
More details here: https://outcropsilverandgold.com/news/outcrop-silver-annual-letter-to-shareholders-2024/
Posted on behalf of Outcrop Silver & Gold Corp