Business
Outcrop Silver & Gold Provides Update To Shareholders
VANCOUVER, BC, Jan. 13, 2022 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) ("Outcrop") is pleased to share an open letter from
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":" VANCOUVER, BC, Jan. 13, 2022 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) (\"Outcrop\") is pleased to share an open letter from President and Chief Executive Officer, Joseph Hebert, to shareholders of the Company. Dear Fellow Shareholders: I wanted to take the opportunity to reflect on our growth and relate objectives for an important year ahead. 2021 provided numerous achievements for Outcrop. Strong Start as a TSX Venture 50 Company We started 2021 strong, being named to the TSX Venture 50, a ranking of top performing companies traded on the TSX Venture Exchange. At that time Outcrop was ranked fourth in the Mining Sector with a market cap increase of 1,381% and a share price increase of 392% in 2020. Achieving this significant milestone was a testament of the abilities of the team in Colombia, Management, Board of Directors, and the ongoing support from our community stakeholders of Falan and surrounding areas. We hope that as you read on, you will take away the value generated on the ground last year, and the potential that lies ahead to return to the valuation we had in early 2021 and beyond. Expanded Footprint in Colombia's Richest Historic Silver Camp Work has progressed systematically on our flagship Santa Ana discovery in Colombia's richest silver camp. As such, we adopted a name change to Outcrop Silver and Gold to reflect our strategy and results. With continued drilling success, we expanded our land package to 36,000 hectares to capture over 60 kilometres of cumulative vein zones which includes three significant historic mines. The Frias Mine in particular produced 7.8 million ounces of silver at a recovered grade of 1,300 g Ag/t from a single shoot 250 metres long by 320 metres deep. Frias serves as an analogue for a typical Santa Ana shoot. Outcrop has defined 7 high grade shoots to date of comparable size to Frias. Frias, 16 kilometres to the southwest occurs within an extension of the same vein system hosting the Royal Santa Ana Mine. The most recently added claims extend the property boundaries to the south-southwest and fill-in important gaps in the south and eastern portions of the Santa Ana project. Outcrop now controls more than a district; it controls a regional-scale, world class silver-gold vein system. Consistent High-Grade Across a Growing Vein Sys...