Contrasting with the metal's increased demand due to a range of applications including from the solar industry which saw a 158% surge in demand, silver supply is tightening due to declining ore grades and decreasing primary silver production, as silver is often mined as a by-product of other metals, limiting production flexibility.
Silver inventories, though initially sufficient, are depleting quickly, contributing to a market deficit for three consecutive years. This scarcity, coupled with irreplaceable industrial uses in electronics and electrical sectors, could push silver prices to new highs. (Source:
https://www.resource-capital.ch/en/news/view/growth-driver-for-silver-demand-is-the-photovoltaic-industry/)
Amid its large step-out drilling program at one of the world’s highest-grade silver projects, Outcrop Silver & Gold (OCG.v OCGSF) is intensifying its efforts at its Santa Ana Silver Project in Colombia which currently boasts an initial resource of 37 million ounces
Focused on significantly expanding the resource, OCG is targeting an expansion strategy aiming to maximize silver ounces while minimizing drilling distance, setting up for substantial resource growth in 2025.
Notably, OCG revealed the potential for additional parallel high-grade veins last week having returned some of the widest intercepts in its current campaign as detailed in the latest drilling update. With two rigs currently turning, OCG is on track for significant resource expansion potential given the presence of both high-grade and broader mineralized zones.
For more information, refer to this deep dive:
https://www.reddit.com/r/Canadapennystocks/comments/1ghjves/outcrop_silver_gold_ocgv_ocgsf_reports_highgrade/ Posted on Behalf of Outcrop Silver & Gold Corporation.