Outcrop Silver & Gold Corporation Expands La Ye Vein System at Santa Ana Project

Outcrop Silver & Gold Corporation has announced a significant expansion of the La Ye vein system at its Santa Ana project in Colombia, with an overall vein length exceeding 500 meters. The project has indicated and inferred resources totaling millions of ounces of silver equivalent, highlighting its potential for substantial growth. The company plans to continue responsible exploration efforts to develop the project further in 2024.

Outcrop Silver & Gold Corporation has made an important announcement regarding the La Ye vein system at its Santa Ana project in Colombia. The recent drilling activities have expanded the vein’s strike length by 450 meters, now measuring over 500 meters, and confirmed mineralization to a depth of 200 meters. This significant extension points towards the potential for increased mineral resources in the area.

The Santa Ana project, which spans 27,000 hectares in the Mariquita District of Colombia, is notable for being the largest and highest-grade primary silver district in the country. A maiden resource estimate highlighted in a June 8, 2023, NI 43-101 Technical Report by AMC Mining Consultants reveals an estimated indicated resource of 24.2 million ounces of silver equivalent with an impressive grade of 614 grams per ton, alongside an inferred resource of 13.5 million ounces at 435 grams per ton.

The La Ye vein is located approximately four kilometers south of the current mineral resource area. Recent drilling results indicate high-grade silver-gold mineralization, showing both concentrated zones and broader mineralized intervals. These promising findings suggest that there is a strong potential for significant resource growth at the Santa Ana project.

For 2024, Outcrop Silver has laid out an exploration strategy aimed at expanding known mineralization while exploring new high-potential areas along the project’s extensive 30-kilometer mineralized trend. The company’s goal is to demonstrate a clear pathway towards significantly increasing the resources, thereby positioning the Santa Ana project for the development of a high-grade, economically viable, and environmentally responsible silver mine.

The company underscores its commitment to responsible mining and community engagement, prioritizing positive contributions to the local economy while maintaining a focus on sustainable development. As Outcrop Silver continues its exploration activities at Santa Ana, ongoing drilling and analysis are pivotal in delineating the project’s resource potential.

In conclusion, Outcrop Silver & Gold Corporation has achieved a notable expansion of the La Ye vein system at its Santa Ana project, marking significant advancements in mineral resource identification. The results reflect positively on the company’s ongoing strategic exploration efforts which are centered on sustainability and community engagement. With a focus on expanding mineralization, the project is poised for growth and development into a high-grade silver mining operation.

Original Source: www.financecolombia.com