Playing a crucial role in both investment portfolios and the clean energy transition, silver has risen as an industrial metal as of late, surpassing its value as a precious metal.
The relentless expansion of renewable energy, including solar, is driving strong demand for silver and as of 2024 silver prices have rallied significantly.
It's dual role as an industrial metal and a precious metal, positions silver well for continued growth as demand is expected to continue to surge. (Source: https://www.theglobeandmail.com/investing/markets/stocks/FVL/pressreleases/26187406/silvers-bright-future-green-energy-fuels-demand-surge/)
The Path to 100 Million Ounces
Poised to benefit from silver's recent shift and increase demand is Outcrop Silver & Gold (OCG.v OCGSF) and its Santa Ana Project.
Santa Ana 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, making this is a very rare project.
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.
As a further testament to OCG "doing it right in all ways, OCG recently celebrated 356 days accident-free, an incredible milestone showcasing its unwavering commitment to the safety, health and well-being of its team,
https://x.com/OCG_SilverGold/status/1800561127178313955
For more information, refer to Outcrop Silver & Gold's (OCG.v OCGSF) latest presentation at Deutsche Goldmesse discussing the Santa Ana Mine: https://www.youtube.com/watch?v=Jh_Gcw5rIaw
Posted on Behalf of Outcrop Silver & Gold Corporation.