Working to Unveil High-Grade Findings for Resource Expansion Outcrop Silver & Gold Corporation (OCG or OCGSF for U.S. investors) is presently engaged in its 2024 drilling campaign at the Santa Ana High-Grade Silver Project in Colombia, marking a notable advancement in the company's exploration endeavors.
Today, the silver junior closed the week on a high note, up 4% on over 7x its average volume.
The Santa Ana project, wholly owned by Outcrop Silver, encompasses an area of 27,000 hectares approximately 110 kilometers from Bogota, Colombia.
This region holds significant historical importance dating back to at least 1585, with historical mining records indicating the presence of highly productive silver mines.
With an initial resource assessment completed, Outcrop Silver has laid a robust groundwork for its exploration endeavors at Santa Ana.
The assessment discloses an estimated resource of 24.2 million ounces of silver equivalent with a grade of 614 grams per tonne in the indicated category, and an inferred mineral resource of 13.5 million ounces of silver equivalent at a grade of 435 grams per tonne, totaling 37.7Moz in combined indicated and inferred categories.
Moving beyond the known veins, Outcrop's exploration team has pinpointed additional high-grade targets primed for drilling.
Utilizing their expertise, they aim to not only expand the existing mineral resource but also unearth new prospects within the project.
In line with their strategic objectives, Outcrop Silver aims to showcase the scalability of the Santa Ana project and its considerable potential for resource enlargement.
Leveraging their technical proficiency and comprehension of the geological features of the region, the company is working to unlock the complete value of this high-grade silver project.
Full news here: https://outcropsilverandgold.com/news/outcrop-silver-commences-2024-santa-ana-drill-program/
Posted on behalf of Outcrop Silver & Gold Corp.