As highlighted by USA Today, silver has seen a strong performance this year, up 23.65% since the beginning of the year. The current gold/silver ratio of 78.68 suggests potential buying opportunities for silver, as it is relatively undervalued compared to gold. Moreover, historical peaks in silver prices indicate its potential for substantial value increases.
https://www.usatoday.com/money/blueprint/investing/silver-price-06-24-2024/
In the realm of silver exploration, Outcrop Silver & Gold Corp. (Ticker: OCG.v, OCGSF for U.S. investors) recently reported promising initial drilling results from the Aguilar vein, part of the expansive 30-kilometer vein corridor at their Santa Ana Project.
These findings confirm the continuity of high-grade silver and underscore the potential for expansion along this corridor, demonstrating Outcrop Silver’s dedication to maximizing the project's value.
Discovered through Outcrop Silver’s regional target generation program in May 2022, the Aguilar vein is part of the Aguilar-Guadual zone, which spans 1.8 kilometers.
Geological mapping suggests that higher-grade mineralization is associated with bends in the predominant northeast-trending veins, with these structural intersections currently undergoing drill testing.
Outcrop's recent results show that the drilling at the Aguilar vein has extended the known mineralization by 5 kilometers to the south of the primary Mineral Resource area. Notably, drill hole DH361 intercepted 0.78 meters of 776 grams per tonne of silver equivalent, highlighting the potential for further resource expansion at Santa Ana.
Additional assays from drill hole DH363 are pending, while drill hole DH360 encountered a narrower quartz vein with lower grades.
Follow-up drilling is planned to explore extensions along the strike and identify higher-grade zones within Aguilar.
Outcrop Silver is also progressing exploration at the Los Naranjos vein, which has been mapped for over 400 meters on the surface and drilled along strike for 350 meters.
Current drilling aims to expand the known mineralization to the north.
Notable results include drill hole DH359, which intercepted 0.23 meters true width with 3.48 grams per tonne of gold and 671 grams per tonne of silver, confirming mineralization north of the resource envelope.
Overall, the latest results from drilling at Aguilar and Los Naranjos underscore Outcrop Silver’s strategic focus on expanding high-grade silver resources at Santa Ana.
https://outcropsilver.com/news/outcrop-silver-drills-high-grade-silver-at-new-aguilar-vein-underpinning-expansion-strategy-at-santa-ana/
Posted on behalf of Outcrop Silver & Gold Corp.