OCG.v CEO Highlights Santa Ana’s 37M+ Silver Ounces Ian Harris, President and CEO of Outcrop Silver & Gold Corp. (Ticker: OCG.v or OCGSF for US investors) gave a detailed presentation at the Metals Investor Forum where he shared his insights on the silver market, focusing on the growing demand for silver in solar panels and the projected supply deficit of one billion ounces.
Harris emphasized that there are very few primary silver projects available, and OCG's Santa Ana project in Colombia stands out as one of the highest-grade silver deposits globally.
Santa Ana's initial resource, reported last year, contained over 37 million ounces, with silver representing 73% of the total resource with the rest being gold.
The project restarted drilling in 2023 with a goal to expand the resource. Harris noted that every new vein discovered in Santa Ana contributes significant ounces, with recent success at multiple veins.
He further highlighted the project’s high-grade mineralization, with 96% silver recovery and 98.5% gold recovery, potentially allowing OCG to sell directly in dor form, maximizing returns as precious metal concentrates receive higher payables than those containing base metals.
Harris also underscored the project’s strategic location in Colombia, a region with a history of high-grade mining operations.
In his closing remarks, he expressed confidence in Outcrop's ability to add substantial value for shareholders by continuing to grow its resource base and leveraging its high-grade silver for future production.
Full presentation replay:
Posted on behalf of Outcrop Silver & Gold Corp.