Outcrop Silver & Gold Reveals Regional Exploration Targets At Santa Ana, Silver Poised For Breakout
New interview from Goldfinger Capital with Ian Harris, CEO of Outcrop Silver & Gold (OCG.v OCGSF), discussing the company's exploration program, its high-priority target areas, and the progress being made to expand its resource base at the Santa Ana Project: https://www.youtube.com/watch?v=-oZKnwOG94w
With some sections reaching nearly 7000 grams per ton, OCG's Santa Ana Project is one of the highest-grade silver projects in the world, boasting a 37 million ounces of silver at high silver grades.
Regional Exploration and Key Targets
- Exploration targets focus on expanding resource areas, aiming to double or triple current resources.
- High-priority targets include Aguilar and Los Mangos, with potential to add significant resources.
- Targeting more than 100 million ounces to reach top-tier silver producer status.
Expansion and Community Relationships
- Gaining surface access to new areas by building strong relationships with local communities.
- Respectful engagement with landowners is key to expanding exploration activities.
- Community involvement and trust have helped facilitate project growth and regional access.
Exploration Goals and Success Rates
- 2024 focuses on identifying new targets for future resource drilling in 2025.
- Current exploration success rate at new targets is around 60%.
- Outcrop uses geophysics, surface sampling, and trenching to prioritize targets for drilling.
Long-Term Vision for Silver and Market Excitement
- Harris is optimistic about the future of silver, citing growing industrial demand from solar energy and battery technology.
- Silver is expected to face a significant supply deficit, which could drive prices higher.
- Harris anticipates that a breakout above $30 per ounce could lead to rapid price growth in the market.
Managing Two Companies
- Ian Harris also serves as CEO of Libero Copper and manages both companies from Colombia.
- His local presence allows for daily engagement with both teams, contributing to efficiency.
- Shared expertise between the two companies enhances their operational strategies
Focused on expanding its high-grade silver resources and is optimistic about the growing demand for silver in various industries, OCG's commitment to respectful community relations, coupled with a well-planned exploration strategy, positions it well for future growth in the silver sector.
Posted on Behalf of Outcrop Silver & Gold Corporation.