What is the story about?
What's Happening?
Outcrop Silver & Gold is aiming to position its Santa Ana project in Colombia as one of the highest-grade primary silver deposits globally. The project initially outlined 24 million ounces of silver equivalent, with additional discoveries made along the 17-kilometer trend. Outcrop plans to drill approximately 30,000 meters this year, with an updated resource expected in early Q1 2026. The company has secured funding from the exercise of share purchase warrants, supporting its growth push.
Why It's Important?
The Santa Ana project represents a significant opportunity for Outcrop Silver & Gold to establish itself as a leading silver producer. Achieving the target of 100 million ounces could position the project among the world's top silver producers, enhancing its market value and attracting investment. The project's high-grade resource and exploration upside are particularly appealing at a time when silver prices are high. The upcoming resource update and continued drilling results are expected to drive momentum and investor interest.
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