Summary of Outcrop Silver & Gold's (OCG.v OCGSF) Presentation at the Battery & Precious Metals Virtual Investor Conference
Poised to become a leading player in the silver mining industry, Outcrop Silver & Gold (OCG.v OCGSF) presented at the Battery & Precious Metals Virtual Investor Conference, detailing its potential in leveraging one of the highest grade silver projects globally, the Santa Ana Project which has the potential to exceed a 100 million ounce resource.
With growing global demand for silver and a significant supply deficit, OCG stands out as a compelling investment opportunity.
Why Invest in a Silver Explorer?
- Massive Silver Deficit: The global silver market is facing a dramatic deficit of over 800 million ounces, with 80% of the current supply unable to meet the demand. Total world production from all mines today is around 800 million ounces, underscoring the critical supply shortfall.
- Strategic Metal: Silver has transitioned into a vital industrial metal, experiencing geometric growth largely driven by the solar industry. As the need for renewable energy sources increases, the demand for silver will continue to soar.
- Rare Primary Silver Projects: Primary silver projects are exceedingly rare, with only 235 million of the 830 million ounces being primary silver. This rarity, combined with the inelastic price of silver, makes OCGs focus on primary silver projects particularly valuable.
The Santa Ana Project
- World-Class High-Grade Silver: Santa Ana hosts one of the highest-grade silver deposits in the world, boasting 37M ounces at a grade of 73% silver. This is confirmed by the initial resource estimate as well as by recent drilling results which returned grades higher than OCG's initial resource estimate.
- Initial Resource Estimate: The initial resource estimate at Santa Ana is based on just 7 out of 22 sampled veins, indicating substantial potential for expansion. Recent drill results have been successful, adding to the excitement and potential of the project.
- Exploration Potential: The Santa Ana project features a 15km trendline with numerous drill-ready targets. Continuous drilling efforts are aimed at demonstrating the resource's ability to increase dramatically as well as demonstrate consistency in high-grade silver extraction. Initial drills at the Aguilar Vein and subsequent high-grade drilling results show significant expansion potential, challenging the notion OCG's initial resource estimate represents the project's limits.
Metallurgical Excellence:
- High Recovery Rates: The silver at Santa Ana is primarily sulphite, which floats, allowing for almost 89% recovery through flotation and an additional 8% through gravity, achieving a total of 96% recovery. This process is environmentally friendly, requiring no cyanide or other harmful chemicals.
- High-Quality Product: The high-grade silver concentrate can be sold as a precious metal concentrate, with potential payables up to 95%. The grade is also high enough to be directly smelted or to create dore, with payables reaching 98-99%.
Local Focus and Community Alignment:
- Strong Local Integration: Outcrop Silver and Gold places a strong emphasis on local community alignment, crucial for successful operations in Colombia. The company’s projects are designed with a focus on local community benefits and environmental stewardship.
Strong Team and Financial Position:
- Experienced Leadership: Outcrop Silver and Gold boasts a strong team driving the project forward, leveraging extensive industry experience and local knowledge.
- Solid Financial Foundation: The company is well-financed through the exercise of warrants, ensuring sufficient capital to finalize the exploration phase and achieve their goal of exceeding 100 million ounces of silver. They plan to complete approximately 80,000 additional meters of drilling, with an updated resource estimate expected next year.
Offering a unique and compelling investment opportunity in the silver mining sector, OCG has one of the largest and highest-grade silver deposits, significant expansion potential, and a strong commitment to environmental sustainability and community alignment. Given this OCG is well-positioned to capitalize on the growing demand for silver as it continues on its path to delineating a resource exceeding 100M ounces.
For more information, refer to OCG's investor presentation:
https://outcropsilver.com/site/assets/files/6110/outcrop-silver-corporate-presentation-silverupdate-may6.pdf Posted on Behalf of Outcrop Silver & Gold Corporation.