Yesterday, silver and gold explorer, Outcrop Silver & Gold Corp. (Ticker: OCG.v or OCGSF for US investors), announced significant advancements in gold and silver recovery rates at its flagship Santa Ana high-grade silver project in Colombia.
This breakthrough follows comprehensive metallurgical testing, which demonstrated remarkable recovery rates of 96.3% for silver and 98.5% for gold. This achievement sets a new benchmark for the project and showcases Santa Ana’s efficiency and high recoverability of its unique mineral composition.
Ian Harris, President and CEO of Outcrop Silver, remarked “The exceptional recoveries of both silver and gold at the Santa Ana project, achieved through environmentally conscious methods, underscore the uniqueness of Santa Ana as one of the world's highest-grade undeveloped primary silver deposits. Our ability to achieve incredible recovery rates and produce high-grade concentrates demonstrates the project's efficiency in extracting significant value from the ground.”
The 100%-owned Santa Ana project spans 27,000 hectares within the historically rich Mariquita District, Colombia's largest and highest-grade primary silver district with mining records dating back to 1585.
The project's NI 43-101 Technical Report, prepared by AMC Mining Consultants and dated June 8, 2023, outlines an impressive indicated resource estimate of 24.2 million ounces of silver equivalent at a grade of 614 grams per tonne, and an inferred resource of 13.5 million ounces at a grade of 435 grams per tonne.
hese resources are distributed across seven major vein systems, each containing multiple parallel veins and ore shoots.
Outcrop Silver’s ongoing 2024 drilling campaign aims to extend known mineralization and explore new high-potential areas along the project’s extensive 30 kilometers of strike.
This effort highlights the scalability and potential for significant resource growth, reinforcing Santa Ana’s status as a high-grade, economically viable, and environmentally responsible silver mine.
Outcrop Silver’s expertise in navigating complex geological and market conditions, coupled with a deep understanding of the Colombian mining landscape, positions the company to transform the Santa Ana project into a significant silver producer.
Full news here: https://outcropsilver.com/news/outcrop-silver-achieves-exceptional-recovery-of-96.3-silver-and-98.5-gold-in-updated-metallurgical-testing-at-santa-ana/
Posted on behalf of Outcrop Silver & Gold Corp.