Outcrop Silver & Gold Corp (TSXV:OCG)
C$ 0.22 -0.015 (-6.38%) Market Cap: 69.98 Mil Enterprise Value: 66.30 Mil PE Ratio: 0 PB Ratio: 3.86 GF Score: 42/100

Outcrop Silver & Gold Corp at 121 Mining Investment London Conference Transcript

May 09, 2023 - May 10, 2023 / NTS GMT
Release Date Price: C$0.23 (-4.17%)
Joe Hebert
Outcrop Silver & Gold Corporation - President, CEO & Director

First, thanks for your time. I'm going to talk about our flagship, Santa Ana Project. We've been -- we made a high-quality discovery in about 20 months, 26 months ago. And now we move that to the next milestone, which is a maiden resource estimate. And we think there's a future mine for Santa Ana.

Forward-looking statements basically risk and how risk affects outcomes. So the milestone is a high-grade maiden resource estimate. Only seven of more than 35 sample veins are in the resource, excellent metallurgy, simple mineralogy, 93.4% silver and 96.7% gold. Each vein is open at depth and laterally. And we have a very high discussed success rate of about 628 ounces per meter drilled.

Indicated portion of the resources, 1.23 million tonnes at 614 grams equivalent silver per ton for 24.2 million silver equivalent ounces. Inferred is 996 million tonnes at 435 grams. Combined, it's roughly 37.6 million silver equivalent ounces at 530 grams silver equivalent per tonne. 64% of the silver equivalent

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