The consolidation of the two companies will create a well-capitalized exploration company, reduce costs, and will likely increase shareholder liquidity, trading and capital markets exposure.
The locked cycle flotation tests confirmed an outstanding gold recovery of 97% and a silver recovery of 93%. The gold and silver flotation concentrate yielded 9,488 grams per ton of silver and 128 grams per ton of gold.
“We say in exploration, ‘If you want to hunt for elephants, you have to go to elephant country,” Lehmann says. “Bolivia is elephant country for silver and gold.”
The vein system is almost entirely preserved from erosion at the levels where silver mineralization begins. Thus, grades can be seen to increase significantly from surface to depth.
We expect the 2023 Mineral Resource estimate and Pre-Feasibility Study to confirm Diablillos is a highly-attractive, long-life, silver-gold project, which displays significant exploration upside potential
The acquisition provides immediate geographic and metal diversification with the addition of a largely de-risked, low-cost gold project that has key permits in place and is on track for first gold in H2 2025.
Outcrop Silver & Gold Corporation appoints Ian Harris as President & CEO effective immediately. Joseph Hebert has retired as President & CEO; will continue to serve on Board of Directors.
New Pacific has an approximate $500-million (CAD) market cap, and its flagship project Silver Sand has the potential to be one of the world’s largest silver mines.
