Outcrop Silver
Primary ticker: TSXV:OCG, OTCQX:OCGSF, DB:MRG
Stage of development: Exploration
Primary minerals: Silver, Gold
Project to promote: Santa Ana
Project location: Colombia
Website: outcropsilver.com
Outcrop Silver: Unlocking the Full Potential of the Santa Ana Project
Discover how Outcrop Silver is driving forward its Santa Ana silver project, one of the highest-grade primary silver deposits globally. With 37 million high-grade silver equivalent ounces identified, 2024 is a pivotal year for the company as new discoveries unlock even greater potential. Beyond impressive drilling results, strong community collaboration plays a vital role in ensuring sustainable growth.
A High-Grade Resource with Outstanding Potential
Outcrop Silver’s maiden resource estimate defines:
- 24.2 million ounces of indicated silver equivalent at 614 grams per tonne
- 13.5 million ounces of inferred silver equivalent at 435 grams per tonne
Recent metallurgical testing has yielded 96% silver recovery and 99% gold recovery through gravimetric and flotation methods, greatly enhancing the project’s economic potential.
Expanding the Santa Ana Project in 2024 and Beyond
With two active drill rigs on-site, Outcrop Silver continues to explore new high-priority targets along a 17-kilometre permitted corridor within the 30-kilometre mineralized trend.
The focus remains on converting more targets into discoveries, ensuring that 2024 serves as a year of breakthroughs.
Looking ahead to 2025, Outcrop Silver aims to build momentum with additional drilling to expand the resource base and maximize the potential of Colombia’s silver-rich region.
Confidence Backed by Strategic Investors
Outcrop Silver is uniquely positioned to capitalize on silver market dynamics, supported by Eric Sprott’s increased investment to 19%, reinforcing confidence in the company’s strategic direction. As the silver market faces growing demand, Outcrop Silver offers significant upside potential.
Community Engagement: The Foundation for Sustainable Growth
Outcrop Silver’s success extends beyond the drill bit, driven by strong partnerships with local communities. These relationships are key to ensuring the long-term viability and sustainable development of the Santa Ana project.
TSXV: OCG | OTCQX: OCGSF
Don’t miss how Outcrop Silver is maximizing growth and creating value in Colombia’s silver-rich region. With impressive drilling results, clear strategic direction, and growing investor confidence, Outcrop Silver is unlocking the future of high-grade silver mining.
Major shareholders:
Eric Sprott 19%
Management ownership 7%
Financials
Management Profile
Ian Harris, a mining engineer with over 25 years of global mining experience, including 15 years in South America and Colombia, has successfully advanced a wide range of projects, demonstrating his leadership in diverse and challenging environments. Previously, he served as Chief Executive Officer of AMAK Mining and Para Resources. Mr. Harris was also Senior Vice President and Country Manager of Corriente Resources through feasibility, initial engineering, and commencement of construction at the Mirador mine in Ecuador. He successfully led the push to reactivate Corriente’s mining projects in Ecuador by building national and local support and navigating through a new constitution and a new mining law, leading to the sale of Corriente for $690 million. Mr. Harris is bilingual in Spanish and English.
What recent news would you like to highlight to investors attending?
Oct 16, 2024
Outcrop Silver Reports Consistently Intercepts High-Grade Silver at Aguilar, Reinforcing Potential for Resource Growth at Santa Ana
Oct 8, 2024
Outcrop Silver Makes a Discovery at La Ye Vein in Santa Ana
Oct 3, 2024
Outcrop Silver Closes $5 Million Private Placement Financing with Eric Sprott
Sep 26, 2024
Outcrop Silver Announces $5 Million Private Placement Financing with Eric Sprott
What are your key goals in 3 months, 6 months, 12 months?
12 Months:
Ongoing Drilling Campaign at Santa Ana: With two drill rigs operating continuously, Outcrop Silver is committed to delivering a consistent stream of news flow over the next 12 months. This approach ensures transparency and keeps investors updated on new discoveries, fostering greater market confidence.
High-Grade Vein Targets: Focusing on converting identified high-grade silver vein targets to discoveries. Each conversion not only strengthens the geological model but also enhances the overall value of the Santa Ana project. Successful conversions are key to resource expansion and support Outcrop Silver’s ambition of becoming a significant primary silver producer.
Frias Mine Satellite Targets: The exploration of historical production zones at the Frias Mine aims to confirm the exceptional silver grades that were previously mined (7.8M ounces at 1.3 kg Ag/t recovered grade). Positive results from this satellite target will complement the Santa Ana project and open opportunities for additional high-grade zones, increasing the overall resource base.
Resource Expansion: Outcrop Silver will continue drilling with the objective of updating and growing the current NI-43-101 Resource Report. Expanding the resource estimate through new discoveries and high-grade intercepts directly increases the valuation of the Santa Ana project.
What do you think makes your company such a compelling investment?
Ongoing Drilling Campaign at Santa Ana: With two drill rigs operating continuously, Outcrop Silver is committed to delivering a consistent stream of news flow over the next 12 months. This approach ensures transparency and keeps investors updated on new discoveries, fostering greater market confidence.
High-Grade Vein Targets: Focusing on converting identified high-grade silver vein targets to discoveries. Each conversion not only strengthens the geological model but also enhances the overall value of the Santa Ana project. Successful conversions are key to resource expansion and support Outcrop Silver’s ambition of becoming a significant primary silver producer.
Frias Mine Satellite Targets: The exploration of historical production zones at the Frias Mine aims to confirm the exceptional silver grades that were previously mined (7.8M ounces at 1.3 kg Ag/t recovered grade). Positive results from this satellite target will complement the Santa Ana project and open opportunities for additional high-grade zones, increasing the overall resource base.
Resource Expansion: Outcrop Silver will continue drilling with the objective of updating and growing the current NI-43-101 Resource Report. Expanding the resource estimate through new discoveries and high-grade intercepts directly increases the valuation of the Santa Ana project.