Delay In The Maiden 43-101, To Make It Better!A third drilling was added in December to drill out the higher grade intercepts to much a greater depth.
Better silver and gold metallurgical testing will add more confidence behind the maiden resource estimate.
https://outcropsilverandgold.com/news/outcrop-silver-intercepts-0.90-metres-of-767-grams-equivalent-silver-per-tonne-in-las-maras-and-provides-an-update-on-the-resour/ “The resource report will be
delayed until the first quarter in order to capture the benefit of optimized higher recoveries,” comments Joseph Hebert Chief Executive Officer. “Further, a third drill rig was added at Santa Ana in December in order to complete planned deeper delineation drilling of some of the high-grade shoots which can now be included in the resource estimation. Las Maras high-grade mineralization extends to over 350 metres and is open at depth. Other shoots to be included in the resource report are only drilled to an average depth of 170 metres.”
Metallurgy Update
"...Outcrop has continued a sequence of more definitive processing flotation tests that will allow Micon International, the resource estimate report author, to use higher metal recoveries than would be possible with the testing completed to date..."
"...In order to include the results of this second phase of metallurgical tests, the resource estimate has been delayed under Q1 2023. A third drill rig was added in December to complete planned deeper delineation drilling of some of the high-grade shoots which can now be also included in the resource estimation..."
This is good news since the maiden resource estimate will provide better numbers and will add more reliability to the quality of the estimate by substantially de-risking the project.
This is a reasonable action by management to take on behalf of its sharenolders.
We matter the most!
And it seems that they are showing great initiative by making the maiden resource estimate, the best possible kind of news release. The delay of this release is the better option from a shareholder's perspective when the company wants to impress all potential investors, with the very best kind of news!
We can wait, just a little longer! It doesn't hurt to delay a news announcement when there exists the possibility of painting, an even rosier picture. Columbia is a beautiful country!
Outcrop's maiden resource report will help demonstrate that this nation, also has some of the very best grades of silver and gold, which can be mined, in the most cost efficient manner!
Outcrop's Columbian assets are going to make its shareholders very wealthy, once everyone has finally become, more fully convinced, about the success of its exploration!
Markets may be difficult now. But this is going to change!
All the best! Java