Outcrop Silver & Gold Corporation reported a major extension of the La Ye vein system at its Santa Ana project in Colombia, increasing the vein’s strike length to over 500 meters. The project holds significant silver resource potential, with a maiden estimate of 24.2 million ounces of silver equivalent. The company aims to enhance resource growth while adhering to sustainable mining practices.
Outcrop Silver & Gold Corporation (TSXV: OCG OTCQX: OCGSF DE: MRG) has announced a noteworthy extension of the La Ye vein system at its Santa Ana project situated in Colombia. Recent drilling has expanded the vein’s strike length by an impressive 450 meters, totaling over 500 meters and confirming mineralization reaching depths of 200 meters.
The Santa Ana project, entirely owned by Outcrop Silver, spans 27,000 hectares in Colombia’s Mariquita District, recognized as the nation’s largest and most prolific primary silver district. The maiden resource estimate, released on June 8, 2023, in a “NI 43-101 Technical Report” by AMC Mining Consultants, reveals an estimated indicated resource of 24.2 million ounces of silver equivalent at a grade of 614 grams per ton, alongside an inferred resource of 13.5 million ounces at a grade of 435 grams per ton.
Located approximately four kilometers south of the current mineral resource area, the La Ye vein has shown high-grade silver-gold mineralization in both focused zones and broader intervals. Such findings indicate significant potential for resource growth at the Santa Ana project.
For its 2024 exploration strategy, Outcrop Silver is directed towards extending known mineralization while exploring new high-potential areas across the extensive 30-kilometer mineralized trend of the project. The company aims to establish a solid pathway for substantial resource expansion, thereby positioning Santa Ana as a high-grade, economically viable, and environmentally responsible silver mine.
The company strongly upholds its commitment to responsible mining practices and community engagement, aspiring to positively impact the local economy while following sustainable development principles. Outcrop Silver is dedicated to advancing its exploration efforts at Santa Ana, with ongoing drilling and analytical work focused on further defining the project’s resource potential.
In conclusion, Outcrop Silver & Gold Corporation has made significant strides in expanding the La Ye vein system at the Santa Ana project. With a substantial increase in strike length and confirmed mineralization, the project showcases promising resource potential. The company’s commitment to responsible mining practices further reinforces its goal of developing a sustainable and economically viable silver mine. Continued exploration efforts are anticipated to enhance the resource estimates, potentially influencing the local economy positively.
Original Source: www.financecolombia.com
