Outcrop Silver Launches Partner-Funded Drilling at Pearl Copper Project

Outcrop Gold Corp ( (TSE:OCG) ) has provided an update.

Outcrop Silver has announced the start of a maiden drill program at the Pearl Copper Project in Arizona, funded by Golden Mile Resources. This initiative is part of a strategic partnership where Golden Mile can earn a 51% interest by funding the A$2 million program, with Outcrop Silver retaining a 1% net smelter return royalty. The project is located in the Laramide porphyry copper district, a major copper-producing region in the U.S., and aims to test high-grade copper-silver-gold targets. The program’s success could enhance Outcrop Silver’s industry positioning by unlocking value from non-core assets while focusing on its core Santa Ana project.

Spark’s Take on TSE:OCG Stock

According to Spark, TipRanks’ AI Analyst, TSE:OCG is a Underperform.

Outcrop Gold Corp’s overall stock score reflects substantial financial challenges with no revenue and ongoing losses. Technical indicators suggest a bearish trend, compounded by unfavorable valuation metrics. Despite positive corporate developments, the stock remains a high-risk investment, primarily for those optimistic about future exploration success.

To see Spark’s full report on TSE:OCG stock, click here.

More about Outcrop Gold Corp

Outcrop Silver & Gold Corporation is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. The company is committed to responsible mining practices and community engagement, aiming to transform the Santa Ana project into a significant silver producer.

Average Trading Volume: 726,995

Technical Sentiment Signal: Sell

Current Market Cap: C$82.76M

See more insights into OCG stock on TipRanks’ Stock Analysis page.