TSXV:OCG - Post Discussion
Post by
1StockInformer on Sep 09, 2024 7:43pm
Video Summary➡ OCG CEO Discusses Significant 2024 Progress
Outcrop Silver Corp. (Ticker: OCG.v or OCGSF for US investors) recently shared significant progress in its 2024 regional exploration program at the Santa Ana high-grade silver project in Colombia.
In a video interview, Ian Harris, President, CEO & Director of Outcrop Silver, provided an update on the company’s exploration strategy, emphasizing the importance of expanding southward to unlock new resources and increase the overall resource size.
Key takeaways from the interview:
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Expansion Strategy: The 2024 exploration program aims to expand the Santa Ana project southward. This shift is essential for unlocking the potential of previously unexplored areas, specifically targeting new veins and drill-ready prospects.
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Large Step-Outs: The company has made significant discoveries in areas like Aguilar, part of the southern trend, with a focus on adding substantial new resources through large step-outs rather than incremental exploration.
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Resource Growth Goals: Harris mentioned that the long-term goal is to triple the project’s current 37 million ounce resource, with a two-year timeline for solid resource drilling. The company is also preparing to start large-scale resource drilling by the end of 2024.
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Efficient Use of Capital: Outcrop Silver has maintained an efficient cost structure, with an all-in cost of US$300 per meter drilled, significantly below the industry average. The company plans to drill between 24,000 and 48,000 meters next year, with a total budget between $12 million and $24 million, depending on market conditions.
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Community Relations: Outcrop Silver continues to foster strong relationships with local communities, which has helped accelerate exploration efforts. Harris highlighted the town of Falan, which recognized the legacy and future of silver mining in the region, demonstrating strong community support for the project.
With these advancements, Outcrop Silver is well-positioned to deliver substantial exploration results throughout 2024, with monthly drill updates expected as the company tests new targets and prepares for expanded resource drilling in 2025.
Full interview here:
Posted on behalf of Outcrop Silver & Gold Corp.
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