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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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Featured Presenters

Joe Herbert

B.S. Geo. President, Chief Executive Officer and Director at Outcrop Silver & Gold

Mr. Hebert brings 30 years of experience in the mining sector, ranging from diversified mineral exploration, mining geology, exploration management.Most of his career he was focused on Nevada, but also consulting in several countries including Colombia in the late 1990s. Mr. Hebert was senior exploration geologist for the Cortez Joint Venture located on the Battle Mountain Trend in North Central Nevada. He was a member of the exploration team who discovered the Cortez Hills deposit and ET Blue, subsequently a part of the Goldrush discovery.During his tenure at Cortez he directed all generative and acquisition efforts within the joint venture area of interest. Over the course of his career Mr. Hebert participated in multiple gold discoveries in Nevada and Utah. He was instrumental in assembling the Companys exploration staff and portfolio in Medellin, Colombia, and attracting joint venture partners.Previously Miranda, now Outcrop Silver & Gold, he progressed from Vice President of Exploration in 2005 to President and CEO in 2016.

Replay transcript excerpt

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. 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. Speaker 2: Thank you, Kyle. Speaker 2: I would say that we are happy with the Speaker 2: indicated Speaker 2: and Speaker 2: inferred numbers. It's 37.6 Speaker 2: million silver equivalent ounces. Speaker 2: That's Speaker 2: indicated at 614 Speaker 2: and Speaker 2: inferred at 435. Speaker 2: That's 614 Speaker 2: grams per silver equivalent per ton is we only know of 1 indicated resource in the world that's higher than that. Speaker 2: So it's a really promising number. Speaker 2: We, Speaker 2: I think the market was wanting to see a better raw silver equivalent ounce total. Speaker 2: And maybe we should have put more of an emphasis on inferred Speaker 2: rather than indicated. Speaker 2: But I think now it's a little bit of an education Speaker 2: curve to convince Speaker 2: investors, particularly retail investors, to really help high quality analysis Speaker 2: that we put out. Speaker 1: So Did the resource estimate meet you and your team's expectations? Speaker 2: It actually met our expectations Speaker 2: in terms of the probability Speaker 2: or likelihood Speaker 2: of a future economic mine, Speaker 2: because indicated ounces are by definition, Speaker 2: you know, more than twice the economic confidence of say what an inferred would be. Speaker 2: But Speaker 2: so I think that's a little bit of a disappointment in raw ounces. Speaker 2: You Speaker 2: know, the IQP does what they do. Speaker 2: We only ...

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