Outcrop Silver & Gold Corporation has significantly expanded the La Ye vein system at the Santa Ana project, increasing its strike length to over 500 meters and confirming mineralization to a depth of 200 meters. The project includes an estimated resource of 24.2 million ounces of silver equivalent. The 2024 exploration strategy will focus on resource growth while maintaining responsible mining practices and community engagement.
Outcrop Silver & Gold Corporation has announced a notable expansion of the La Ye vein system at its Santa Ana project in Colombia. Recent drilling has extended the vein’s strike length by 450 meters, totaling over 500 meters, while also confirming mineralization down to a depth of 200 meters. This development signifies considerable progress for the corporation in its exploration endeavors.
The Santa Ana project spans 27,000 hectares within Colombia’s Mariquita District, renowned for being the country’s largest and highest-grade primary silver district. A maiden resource estimate detailed in a June 8, 2023, NI 43-101 Technical Report by AMC Mining Consultants revealed 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 existing resource area, the La Ye vein has exhibited high-grade silver-gold mineralization in concentrated zones and wider mineralized intervals. These results suggest significant potential for resource growth at the Santa Ana project, attracting interest in its future developments.
Outcrop Silver’s exploration strategy for 2024 aims to extend known mineralization and investigate new high-potential areas along its 30-kilometer mineralized trend. The company’s objective is to create a pathway for substantial resource expansion, positioning Santa Ana as a high-grade, economically viable, and environmentally responsible silver mine.
The corporation underscores its dedication to responsible mining practices and community engagement, aspiring to enhance the local economy while embracing sustainable development principles. Ongoing drilling and analysis continue to advance exploration efforts at Santa Ana, further delineating the project’s resource potential.
In conclusion, Outcrop Silver & Gold Corporation’s recent extension of the La Ye vein at the Santa Ana project marks a significant milestone in its mining operations. With established high-grade resources and a strategic exploration plan focused on sustainable practices, the company is poised for substantial growth while contributing positively to the local community. The commitment to responsible mining and ongoing exploration efforts reflect a promising future for both the corporation and the surrounding region.
Original Source: www.financecolombia.com
