In the article below, the Globe and Mail highlights how silver's demand is surging, particularly in green energy technologies like photovoltaics, driving a significant increase. The World Silver Survey by The Silver Institute projects a 20% rise in demand from the photovoltaic sector this year, accounting for 23% of the global supply. This surge contrasts with a 1% decline in silver production, leading to market imbalances.
Full article here: https://www.theglobeandmail.com/investing/markets/stocks/FVL/pressreleases/26187406/silvers-bright-future-green-energy-fuels-demand-surge/
Outcrop Silver & Gold (Ticker: OCG.v or OCGSF for US investors) is striving to fill future silver supply gaps with its Santa Ana Project in Colombia.
OCG's recent progress at the 27,000-ha project demonstrates Santa Ana's substantial economic potential as a high-grade primary silver deposit.
The project is in the largest and highest-grade primary silver district in Colombia and has historical mining records dating back to 1585.
Santa Ana's MRE shows an indicated 24.2M oz of silver equivalent at a 614 g/t and an inferred resource of 13.5M oz at 435 g/t distributed across seven major vein systems.
OCG's ongoing 2024 drilling program at the project is being done to expand mineralization at existing targets and uncover new prospects within the project's 18.5-kilometer permitted drilling area.
Ian Harris, President and CEO, emphasized the goal of fully unlocking Santa Ana's potential by targeting both established and new areas. This approach aims to demonstrate the project's scalability and OCG's significant leverage in the improving silver market.
The strategy for this year's drill program is designed to showcase Santa Ana's scalability and significant resource expansion potential. By leveraging technical expertise and a deep understanding of the region's geology, OCG aims to fully realize the value of this high-grade silver project.
Full press release: https://outcropsilver.com/news/outcrop-silver-commences-2024-santa-ana-drill-program/
Posted on behalf of Outcrop Silver & Gold Corp.