Continuing to Discover High Grades @ Santa Ana Outcrop Silver & Gold (OCG.v OCGSF) Continues to Discover High Grades at Santa Ana - Here's a fully summary of their recent presentation at Beaver Creek:
Continuing to discover high grades at its flagship project, Outcrop Silver & Gold's (OCG.v OCGSF) President and CEO, Ian Harris, joined CEO.ca during the 2024 Beaver Creek Precious Metals Conference to detail the promising developments at its Santa Ana Silver Project:
https://www.youtube.com/watch?v=oBI6LcVM3Lc Santa Ana Silver Project Overview - Location: Colombia
- Type: Primary silver project, with 75% of its value derived from silver.
- Global Standing: One of the highest-grade primary silver projects worldwide.
- Drilling Activity: Two drills are currently turning, focused on expanding the resource and discovering new high-grade silver zones along a 17-kilometer trend.
Strong Community and Government Support - Experience in Colombia: Harris has lived in South America for 15 years and emphasizes the importance of social and political engagement in mining projects.
- Community Collaboration: Strong support from local communities, with a focus on co-development.
- Political Alignment: Colombian government supports projects tied to energy transition and strategic metals, benefiting silver production for solar energy.
High-Grade Resource and Payable Concentrates - Grade: The project has an average silver grade of over 600 grams per tonne, with recent drilling showing grades as high as 3,000 grams per tonne.
- Recovery Rates: Achieving 96% recovery through flotation and 98.5% through gravity separation.
- Payables: High-quality concentrate yields similar to dore, maximizing revenue from silver production.
Exploration and Growth Strategy - Focus on Expansion: The company is working to expand the resource base, with significant potential for additional discoveries along the trend.
- 2025 Plans: Plans to shift to resource drilling with the goal of adding the most ounces at the lowest cost.
- Scientific Approach: Outcrop uses detailed metrics such as success rates, grade, and drilling costs to maximize efficiency and resource growth.
Leverage to Rising Silver Prices - Primary Silver Leverage: As a primary silver project, Outcrop is highly leveraged to silver price increases, benefiting from the ongoing silver market supply-demand deficit.
- Market Opportunity: With industrial uses for silver rising and the gold-to-silver price ratio historically low, Outcrop is well-positioned for potential price surges in silver.
Why Investors Should Pay Attention to Outcrop Silver - Pure Silver Play: One of the few primary silver projects, offering greater leverage to silver prices compared to polymetallic projects.
- High-Grade Resource: Among the highest-grade silver projects globally.
- Low-Cost Producer Potential: Strong payables, high recovery rates, and efficient mining strategies.
- Positioned for Growth: Ongoing exploration, community support, and a clear strategy for resource expansion make Outcrop an attractive opportunity for silver-focused investors.
Strongly positioned with the potential to become a low-cost producer, OCG is an attractive investment amid the increasing demand for silver globally. With ongoing exploration and the goal of updating the resource estimate, OCG is well-positioned for future growth.
For more information, refer to Crux Investor's article highlighting OCG's potential:
https://www.cruxinvestor.com/posts/outcrop-silver-gold-leveraging-high-grade-silver-in-colombia-amid-growing-industrial-demand Posted on Behalf of Outcrop Silver & Gold Corporation.