OCG Presentation from Deutsche Goldmesse
"This is a district that probably be drilled out to maybe 200M ounces. There are very few high grade silver projects in a development company over 100M Oz. I know maybe 2" - Ian Harris
Amid advancing one of the world's richest primary silver deposits, Outcrop Silver & Gold's (OCG.v OCGSF) joined Deutsche Goldmesse to discuss its Santa Ana Mine, a future silver powerhouse:
https://www.youtube.com/watch?v=Jh_Gcw5rIaw In recent years, silver has transformed from a monetary metal to an industrial one, with 65% of silver demand coming from industrial uses last year, driven by the energy transition to zero-carbon economies.
Since 2020, silver has seen a significant deficit, projected to reach one billion ounces by the end of 2024.
Accounting for only about 30% of the silver supply, primary silver mines are a significant source of the an essential and non-replaceable metal.
The Path to 100 Million Ounces
OCG's Santa Ana Project is one of the highest grade silver projects globally, with approximately 37M ounces, a grade of 73% silver and unique minerology allowing for a high 93% silver recovery by floatation making it economically viable even at today's silver price.
It is very hard to find a comparable project that has an indicated silver resource as large as Santa Ana. This is a rare project.
Aiming to grow the project's resource to over 100M ounces, OCG's is well positioned as a potential part of the next silver bull market as the project is located in a significant mining district in Colombia with a history of narrow vein mines that started small and grew big.
Further, Colombia's new leftist president is supportive of the energy transition and the potential for silver production to contribute to it, bolstering the importance of this jurisdiction, alongside OCG's strong local relationship.
With its 2024 drill program strategy designed to underscore the scalability of the project, OCG is on track for significant resource expansion by leveraging their technical expertise and deep understanding of the region's geology to unlock the full value of the high-grade silver project.
Believed to be the next "lithium" due to underestimated supply and demand issues, silver provides a clear opportunity and, with a range of experienced mining executives on the team, OCG has a solid foundation, clear strategy, and significant drilling plans for the next year amid this dynamic market.
Posted on Behalf of Outcrop Silver & Gold Corporation.