Company Interviews
Outcrop Silver & Gold (TSXV:OCG) - Unlocking High-Grade Silver Potential
11 Dec 2023
Interview with Ian Harris, President & CEO of Outcrop Silver & Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/outcrop-silver-gold-tsxvocg-step-out-drilling-on-ag-au-veins-in-colombia-3281Recording date: 8th December 2023Outcrop Positioned to Unlock World-Class Silver PotentialOutcrop Silver & Gold stewards a uniquely prospective silver asset in Colombia with newly appointed CEO Ian Harris at the helm boasting pertinent technical and regional expertise to rapidly advance the project. Santana contains 37 million ounces of high-grade silver resources open to immense expansion potential through further drilling of identified mineralized structures.Bonanza Grades ConfirmedExceptionally high silver grades position Santana as a global top-tier deposit. The sulfide-hosted mineralization facilitates excellent recoveries, with direct smelting capable of achieving up to 98% versus only 75% from comparable complex concentrates. The sheer magnitude of silver endowment per tonne constitutes commanding project leverage to any uplift in prevailing silver prices.Resource Growth ImminentWith efficacious veins consistently evidenced across Santana’s footprint, the company has currently defined 21 priority drill targets to systematically upgrade and expand resources beyond the present basis of 7 quantified veins. Despite temporary drilling delays in appointing a new contractor, Outcrop maintains a focused regimen calibrating future growth milestones en route to a 100 million-ounce aggregate resource target crucial to fortifying Santana’s world-class project status.Compelling Economic ParametersIn parallel with envisaged resource scaling, Outcrop has directed scoping efforts toward a relatively modest pilot plant operational at 50 tonnes per day, capable of demonstrating robust economics even at such diminutive throughput. The venture requires only circa $750,000 in capital expenditure while being able to furnish positive cash flow offsetting approximately 80% of ongoing exploration activity. This establishes a pathway toward de-risking and market re-rating grounded in the tangible creation of value.Silver Market Primed for ResurgenceWhile prevailing precious metals investment sentiment remains tepid, silver fundamentals appear increasingly positive looking out into 2024. The time may prove opportune for allocating exposure to highly responsive silver vehicles. In Outcrop’s case, the sheer magnitude of prospective metal at Santana commands superior leverage to any pricing gains in an ascending cycle. The stock consequently warrants consideration among selective junior developer equivalents that offer pronounced sensitivity to silver values.World-Class Pathway ForwardOutcrop Silver & Gold holds dominion over a potentially transcendent silver orebody. The essential parameters of grade, scale, metallurgy and economics are evidenced to world-leading standards. Near-term goals now concentrate on resource upgrading and materially expanding contingencies. Deft project financing design may layer on modest production to realize material value creation. When silver market tailwinds regain strength, Santana is primed to emerge as one of the global top-tier silver development stories, with Outcrop potentially graduating to headline producer status. The current market discounting of assets in this class could pose a pronounced value proposition for investors with appropriate time horizons.—View Outcrop Silver & Gold company profile: https://www.cruxinvestor.com/companies/outcrop-silver-goldSign up for Crux Investor: https://cruxinvestor.com
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