The downdraft in gold and silver put some high-value junior explorers on sale.

One bargain that looks particularly irresistible: Outcrop Silver & Gold (OCG.V; OCGSF.OTC) — a still-tiny company that’s outlining an ultra-high-grade, silver-gold deposit…with drills turning now.

Dear Fellow Investor,

It’s the upside of the recent swoon in the precious metals markets.

Great companies are trading at a fraction of their inherent value, and for those confident in the bullish long-term prospects for gold and silver, that spells bargains.

And make no mistake, the precious metals are down now, but appear to be bottoming and set for a typical fall rally.

For those who are getting ready and snapping up the mining share bargains while they last, a company like Outcrop Silver & Gold (OCG.V; OCGSF.OTC) stands heads and shoulders above the crowd.

As you’re about to see, Outcrop boasts a remarkable silver and gold project in Colombia that has been producing grades that are nothing short of extraordinary.

Now, with a maiden resource estimate on the project coming soon, investors will soon have solid numbers to show just how undervalued this company is.

An Historic District Of Vein-Hosted Mineralization

Outcrop’s flagship project is Santa Ana, home to small-scale mining dating back to the Spanish Colonial era.

The area hosts a world-class silver-gold vein system featuring fully 60 kilometers of veins.

Consider this: Small-scale mining in the Santa Ana district in the Spanish Colonial period yielded intersections as rich as 17 kilograms per tonne silver over 1.4 meters.

The Spanish Colonial period saw the area host 14 mines producing an average of 4 kg/t silver over a 1.4-meter width. Today, Santa Ana has all needed infrastructure, including highway access, grid power, water and excellent security conditions.

An Extraordinarily Rich Set Of Silver-Gold Veins

Since Outcrop took the project over, it has been systematically targeting and finding ultra-high-grade shoots on the property.

Already, it has outlined 13 such shoots, and the grades have been rich…very rich.

Remarkably, the weighted average grade of 198 of the 284 holes it has drilled at Santa Ana is 1,580 g/t silver equivalent (7.56 g/t gold and 860 g/t silver).

As mentioned, the company is close to putting out a maiden resource estimate on the project (the target date for release is Q4 2022).

Analysts estimate it will likely show a total resource of between 45 and 55 million silver-equivalent ounces grading between 550 g/t and 750 g/t silver equivalent.

Better still, when this estimate hits the market, it will reflect a testing of less than 10% of the vein system at Santa Ana.

And drilling keeps hitting high-grade gold and silver on this project. The latest example being 9.0 meters of 1,651 g/t silver equivalent hits on the Las Maras target.

The upside for a significant increase in the resource next year is very real, given the hit rate Outcrop has enjoyed on the project to date.

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Continuous News Flow Over The Next 12 Months

With two to three drill rigs turning on the property, Outcrop will have near continuous news flow over the next 12 months…and that news should come in a much more positive market environment than we’re experiencing now.

The short-term goal is to test some 18 kilometers of veins within the project. Outcrop will explore beyond the assay cutoff for the initial resource estimate, so this drilling is designed to keep increasing the size of the resource.

Still, the initial estimate will provide an important catalyst for Outcrop, as it will allow the market to start doing comparisons with other companies with similarly sized resources.

And that’s when Outcrop’s current valuation, compared against its rich resource, will truly show the company’s near-term upside potential. In short, a highly rewarding rerating could come quickly thereafter.

Trading At Bargain Levels

Best of all for potential shareholders: Outcrop is trading at a deep discount to its peers.

The company is currently trading at a C$30 million market cap, yet other companies with apparently similar resources are trading at C$100 million or more.

As noted, just having a firm resource to base valuations on should help Outcrop re-rate upward.

From there, a cooperative silver and gold market and more success with the drill bit could send Outcrop soaring well above its current trading levels.

Simply put, if you like the precious metals for the long-term and you’re looking to do some bargain hunting in the sector, you’d be hard-pressed to find a better opportunity than Outcrop Silver & Gold at current levels.

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To Learn More about Outcrop Silver & Gold Corp.