If the Silver Price spikes really high, what will that do to record industrial silver demand?
I speak with the President and CEO of Outcrop Silver & Gold, Ian Harris about the large physical silver deficit, how silver prices will influence its use in industry and the green energy movement along with with the plans for the company in 2024 -- what are the two BIG objectives for the company?
There is a very large physical silver deficit. Ian gives us insights into what this might mean for the silver markets going forward.
Ian discusses the wide array of uses of silver in our daily lives, "A little bit of silver is used in solar panels, in electronics, it is used in a million different things."
We discuss the company's Santa Ana high-grade silver project, which is one of the world's primary high-grade silver deposits! Can the project move to a 100 million+ silver equivalent ounce resource?
The company issued a maiden resource in 2023 of 37.7M Silver equivalent ounces (24.2Moz AgEq Indicated + 13.5Moz in the Inferred category) at Santa Ana. The majority of it in the silver eq. ounces in the higher indicated category (1.23 mt @ 614 g/t AgEqfor 24.2 MozAgEq) -- demonstrating the continuity of several high-grade silver structures, which are included in this first project resource estimate.
The company has mapped 24 veins in total, with a huge majority of these veins left to be drilled. We discuss what this means to the company's project upside potential and the steps coming to advance the discovery forward.
Listen in to this interview to learn more about what to expect with the high-grade Santa Ana Silver-Gold (75/25) project in 2024!
To learn more about Outcrop Silver & Gold, please visit their website: https://outcropsilverandgold.com/
About the author
Founder and President of GoldSeek.com and SilverSeek.com
Twitter: @GoldSeek
His experience with the precious metals markets started back in the mid-1990s, which led to the creation of GoldSeek.com in 1995. Today GoldSeek.com ranks within the top, most-visited gold investor websites in the world with a 250,000+ global monthly reader outreach. Its sister site, SilverSeek.com, is ranked as the most visited silver website in the world recently reaching 100,000+ monthly silver investor readers.
With over 15 years of experience with investing into gold and silver mining companies, Peter devotes much of his time researching, consulting and investing into gold and silver stocks with a primary focus on micro-caps. His focus is also heavily on gold and silver’s return as monetary metals and the ongoing monetary and financial developments with a global perspective.
Back at the start of the new secular precious metals bull market, Peter established the technically+fundamentally-focused subscription newsletter, Gold Seeker Report. In 2005, he merged the service and co-founded The Gold & Silver Forecaster weekly newsletter.
Peter also specializes in assisting start-up / micro-cap ($1M - $100M+ market caps) companies connect with investors, capital among other specialized consulting services - typically IPO, undiscovered or turnaround situations.
In 2008 he launched an online gold and silver auction house - SeekBullion.com - which in its first year has auctioned over $10 million in bullion and coins with an additional $10M in the coming couple years. In 2012 the site is now under re-development pending a future re-launch.
Peter also makes frequent appearances in the media, including Investors Business Daily, MarketWatch, Reuters, and theStreet.com
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