Lower Gold & Silver Prices = Buying Opportunity Lower gold and silver prices throughout the summer are strategic buying opportunities according to David Brady, who says investors should find a comfortable price level and ride out the volatility as the economic context, global trends and central bank activity all hint at long term growth for the precious metals. (Source: https://www.kitco.com/news/article/2024-07-10/stop-worrying-about-pennies-gold-and-silver-consolidate-focus-bigger-trend)
The Santa Ana Project
As one of the highest grade silver projects globally, Outcrop Silver & Gold's (OCG.v OCGSF) Santa Ana has impressive silver grades, with significant potential for further resource expansion through ongoing exploration.
Boasting approximately 37M ounces at a grade of 73% silver, Santa Ana has unique mineralogy allowing for a high 93% silver recovery by floatation making it economically viable even at today's silver price.
Significantly, this is a very rare project as it is very hard to find a comparable project that has an indicated silver resource as large as Santa Ana.
2024 Strategy
Strategically designed to underscore the scalability of the project, OCG has mobilized a second drill rig amid its 2024 drill program to demonstrate the project's economic viability and provide a quicker route to cash flow.
Underpinning its expansion strategy, the results of initial core holes from the Aguilar Vein confirms the continuity of high-grade silver, demonstrating the corridor's potential, confirms high-grade mineralization at the vein and extends the known drilled mineralization by 5km south of the Mineral Resource Area.
For more information, check out OCG's latest news release regarding achieving exceptional recovery of 96.3% silver and 98.5% gold in an updated metallurgical testing at Santa Ana: https://outcropsilver.com/news/outcrop-silver-achieves-exceptional-recovery-of-96.3-silver-and-98.5-gold-in-updated-metallurgical-testing-at-santa-ana/
Posted on Behalf of Outcrop Silver & Gold Corporation.