Outcrop Silver & Gold Corp V.OCG

OCG CEO on Goldfinger Capital Regarding Santa Ana Drilling

[MarketMakerss]

Poised to commence a drill program at its high-grade Santa Ana silver and gold project in Colombia, Outcrop Silver & Gold (OCG.v OCGSF) joined Goldfinger Capital to detail its true primary silver project and upcoming drill program: https://youtu.be/1T88JEZijiY?si=2DqKFPf2S1g9Vr69

 

Aiming to clearly demonstrate a path to 100M ounces of silver equivalent, OCG is targeting resource expansion during its 2024 drill program upcoming in April with a focus solely on high-potential targets with proven mineralization, significant resource expansion potential and strategic locations within a highly prospective mineralized corner.

 

Underscoring the project's scalability, the program is designed to expand resources in areas previously identified for their potential as well as to drill new and untested targets along the 18.5km of strike.

 

High-Grade AgEq with High Recoveries and High Payables

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.

 

Significantly, while OCG's Maiden resource came in below investor expectations, the resource only covered a small portion of the total project area, less than 10% of the property, and did not include prospective veins due to the lack of drill density to convert to a resource.

 

Given this, most of the resource veins remain open at depth and laterally, with less than 25% of the concession area mapped, thus substantial discovery potential remains.

 

Further, the excellent metallurgy at Santa Ana enables multiple production options from concentrate to dor with 93%+ recoveries and without cyanide.

 

In targeting a pilot mine strategy, OCG will be able to demonstrate its profitability and de-risk the project while keeping valuation as an explorer-developer.

 

With 75% of its resource value from silver, OCG is highly leveraged to rising silver prices in a favorable, low-cost jurisdiction with government support for mining to diversify from oil and coal.

 

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.

 

For more information, refer to Epstein Research's feature detailing OCG's attractive risk/reward proposition: https://epsteinresearch.com/2024/03/20/outcrop-silver-gold-a-rare-primary-silver-play/

 

Posted on Behalf of Outcrop Silver & Gold Corporation.