OCG CEO Discusses Santa Ana Silver Project In an interview with The Junior Explorer channel, Ian Harris, CEO of Outcrop Silver & Gold (Ticker: OCG.v or OCGSF for US investors), talked about the company's steadfast commitment to innovation, sustainable growth, and the promising potential of its Santa Ana silver project situated in Colombia.
Silver's Resurgence: Fueling Industrial Advancements
The resurgence of silver is driven by its diverse industrial applications, particularly in burgeoning sectors like electric vehicles and solar panels. Despite its pivotal role, Harris emphasized the undervaluation of silver in current markets, projecting a surge in prices fueled by supply deficits and escalating industrial demand.
Unlocking Potential: Expansion and Resource Delineation
Colombia's rich mining heritage provides an optimal backdrop for OCG's endeavors, with the Santa Ana project standing out for its exceptional silver grades and extensive mineralization. Despite initial exploration efforts revealing only a fraction of the project's potential, OCG has ambitious plans for further discovery within the Santa Ana project. With only seven of the twenty-two exposed veins undergoing drilling to date, the company is poised to uncover substantial resources.
Metallurgical Advancements: Paving the Path for Success
Highlighting achievements in 2023, Harris emphasized resource delineation, expansion drilling, and significant metallurgical advancements. Metallurgical testing demonstrated favorable ore characteristics, with recoveries averaging an impressive 93% across various processing methods.
Advancements in Gravimetric Concentration Techniques
OCG recent gravimetric concentration test results demonstrated promising results in the retrieval of silver and gold using mechanical methods prior to standard flotation processes. Gravimetric methods yielded a notable 7% recovery of silver, complementing their already impressive 93% recovery rate achieved through flotation techniques. Additionally, the gold recovery rate via gravimetric methods reached 30.52%.
The resulting gravimetric concentrate showcased high grades, with 2,883 grams per ton (g/t) of silver and 164.12 g/t of gold, underscoring the effectiveness of OCG's enhanced extraction methodologies.
Ambitious Goals Ahead
With a 8,000m drill program currently underway, OCG aims to fully unlock the potential of the Santa Ana project, with the objective of elevating the high-grade silver resource estimate from 37 million ounces to 100 million ounces. Initial drilling results are eagerly anticipated.
Overall, the interview provides a comprehensive insight into Outcrop Silver & Gold Corp.'s strategic vision, technical prowess, and unwavering dedication to unlocking the full potential of the Santa Ana silver project.
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Posted on behalf of Outcrop Silver & Gold Corp.