The article below emphasizes that the silver market has maintained its bullish momentum, with prices on the rise and potential support identified around the $26 and $25 levels. It further suggests that political events, like the Georgia Senate races, could impact future market trends and the author anticipates a potential breakout in the upcoming year.
https://www.fxempire.com/forecasts/article/silver-price-forecast-silver-markets-continue-bullish-momentum-691471
In line with this positive outlook, Outcrop Silver & Gold Corporation (Ticker: OCG.v or OCGSF for US investors) is actively engaged in high-grade silver exploration at its Santa Ana project in Colombia's Tolima Department.
The project boasts current estimates of 27 million ounces of silver and 140,000 ounces of gold, totaling 37.5 million ounces of silver equivalent across 7 of 22 known veins within the expansive 27,697-hectare property.
Santa Ana's mesothermal-epithermal vein deposit type is particularly abundant in primary minerals, with silver thought to comprise 77% of the resource. Notably, only 10% of the property has been explored thus far, highlighting its vast untapped potential.
Outcrop Silver aims to further expand the resource base by exploring additional vein systems, with a focus on scalability and enhancing stakeholder value. A drill program scheduled for Q2 2024 underscores the company's dedication to unlocking Santa Ana's full potential.
Strategic objectives include converting exploration targets into discoveries, improving economic and environmental viability, and fostering positive community relationships to effectively manage project risks.
Full Press Release: https://outcropsilverandgold.com/news/outcrop-silver-annual-letter-to-shareholders-2024/
Posted on behalf of Outcrop Silver & Gold Corp