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The 6ix Report - Outcrop Silver Announces High Grade Santa Ana Maiden Indicated Resource Estimate

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Thu, April 27, 2023 at 10:30 AMendedReplay
The 6ix Report - Outcrop Silver Announces High Grade Santa Ana Maiden Indicated Resource Estimate

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[Speaker identities could not be resolved; generic labels used] [00:26] Speaker 1: Hello everyone and welcome to the 6th Report. I'm here with Joe Hebert, President and CEO of Outcrop Silver, to discuss their Santa Ana Maiden Resource Estimate. [00:34] Speaker 1: Joe, thanks for coming on the program. Why don't you provide some context and your thoughts on the highlights of the resource estimate and we can take it from there. [00:42] Speaker 2: Thank you, Kyle. [00:44] Speaker 2: I would say that we are happy with the [00:48] Speaker 2: indicated [00:49] Speaker 2: and [00:50] Speaker 2: inferred numbers. It's 37.6 [00:53] Speaker 2: million silver equivalent ounces. [00:56] Speaker 2: That's [00:56] Speaker 2: indicated at 614 [00:58] Speaker 2: and [00:59] Speaker 2: inferred at 435. [01:01] Speaker 2: That's 614 [01:03] Speaker 2: grams per silver equivalent per ton is we only know of 1 indicated resource in the world that's higher than that. [01:11] Speaker 2: So it's a really promising number. [01:15] Speaker 2: We, [01:18] Speaker 2: I think the market was wanting to see a better raw silver equivalent ounce total. [01:24] Speaker 2: And maybe we should have put more of an emphasis on inferred [01:28] Speaker 2: rather than indicated. [01:30] Speaker 2: But I think now it's a little bit of an education [01:33] Speaker 2: curve to convince [01:37] Speaker 2: investors, particularly retail investors, to really help high quality analysis [01:41] Speaker 2: that we put out. [01:44] Speaker 1: So Did the resource estimate meet you and your team's expectations? [01:49] Speaker 2: It actually met our expectations [01:53] Speaker 2: in terms of the probability [01:55] Speaker 2: or likelihood [01:57] Speaker 2: of a future economic mine, [02:00] Speaker 2: because indic...