In a recent interview on CEO.ca's "Inside The Boardroom," Ian Harris, President, CEO, and Director of Outcrop Silver (Ticker: OCG.v or OCGSF for US investors), discussed the company's latest achievements and future plans. OCG is focused on its flagship Santa Ana project in Colombia, renowned as one of the world's highest-grade undeveloped primary silver projects.
Project Overview
Harris emphasized the unique position of the Santa Ana project, highlighting its status as the second highest-grade undeveloped primary silver project globally. The project boasts impressive grades and recoveries, positioning it highly within the silver mining sector. Santa Ana's significance is further underscored by its strategic location along a 15-kilometer mineralized trend, where Outcrop is actively drilling.
Recent Drilling Results
The latest drilling results have been promising, with the company reporting an intercept of 6.52 meters at 828 g/t AgEq at the Aguilar vein. This discovery, located midway along the 15-kilometer trend, has reinforced Outcrop's geological model and confirmed the project's potential for high-grade silver mineralization. The results align with the company's strategy to demonstrate significant growth potential by targeting new areas along the trend.
Future Drilling and Exploration Plans
OCG plans to continue its aggressive drilling program with two rigs currently in operation. One rig remains focused on the Aguilar vein, while the other explores further extensions along the trend. This continuous drilling effort aims to maintain a steady flow of news and results, demonstrating the project's expansion potential. By the end of the year, OCG hopes to outline a clear pathway for doubling or even tripling the project's resource base.
Metallurgical Advancements
Harris also discussed recent metallurgical test work, which has yielded exceptional recovery rates. The Santa Ana project has achieved recoveries of 98.5% for gold through a combination of gravity and flotation processes. This high recovery rate, coupled with the potential to produce a high-grade precious metal concentrate, bodes well for the project's economic viability and environmental footprint.
Outcrop Silver's Santa Ana project stands out in the silver mining sector due to its high grades, excellent recovery rates, and strategic location. With continuous drilling and a clear growth strategy, the company is well-positioned to deliver significant value to its shareholders. As the silver market evolves, Outcrop Silver's leverage to silver prices and strong project fundamentals make it a compelling opportunity for investors.
Full interview:
Posted on behalf of Outcrop Silver & Gold Corp.