TSXV:OCG - Post Discussion
Post by
MarketMakerss on Mar 22, 2024 5:46pm
EpsteinResearch on OCG - "A Rare Primary Silver Play"
Underscoring the project's scalability, OCG is targeting resource expansion during its 2024 drilling program upcoming in April, focused solely on high-potential targets with proven mineralization, significant resource expansion potential and strategic locations within a highly prospective mineralized corridor.
The program is designed to expand resources in areas previous identified for their potential as well as to drill new and untested targets along the 18.5km of strike.
OCG President & CEO Ian Harris commented:
"2024 is a watershed year for Outcrop Silver as we launch an extensive drilling program to unlock the full potential of the Santa Ana project. By strategically shifting our drilling contractors and focusing our exploration efforts, we aim to establish a robust roadmap for expanding our resource base across both established and new targets within our extensive land holdings."
This presents an unparalleled opportunity for expanding known mineral resources and discovering new zones of mineralization.
High-Grade AgEq with High Recoveries and High Payables
"Based on the geology, structure, and geometry of the sizable Santa Ana land package, management can’t rule out an Ag Eq. resource meaningfully above 100M Ag Eq., ounces, but the initial goal is 100M Ag Eq. ounces"
Boasting one of the highest grade undeveloped primary silver projects in the world, Santa Ana has a 37.5M oz resource grading over 600 g/t AgEq comprised of just 7 of 22 known and tested veins.
As spotlighted in the latest Crux Investor, OCG provides a significant opportunity within the precious metals market with an investment thesis underscores several key points:
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One of the highest grade primary silver projects globally with 37 Moz at 614 g/t AgEq and strong potential to grow to 100+ Moz
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Excellent metallurgy enables multiple production options from concentrate to dor with 93%+ recoveries and without cyanide
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Pilot mine strategy to demonstrate profitability and de-risk project while keeping valuation as an explorer-developer
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Colombia is a favorable, low-cost jurisdiction with government support for mining to diversify from oil & coal
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Highly leveraged to rising silver price with 75% of resource value from silver
As the current resource is on less than 10% of the property and most of the resource veins remain open at depth and laterally, with less than 25% of the concession area mapped, substantial discovery potential remains at the project.
OCG's right combination of high-grade silver, excellent metallurgy and unique development approach to create significant value for shareholders amid difficult market environment for precious metal companies.
Posted on Behalf of Outcrop Silver & Gold Corporation.
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