then attract funding from joint venture partners. This allows Outcrop to test multiple exploration targets, while preserving its treasury. The advantage of this business model to our investors is, that they hold numerous “lottery tickets” to participate in a discovery, in contrast to many exploration companies with a single project that is advanced entirely with internal funds. The concept is to let our partners fund most of the exploration expenditures in return for giving up project interest.

Outcrop Gold acquires prospective ground and does early-stage mineral exploration such as geologic mapping, geochemistry and geophysics to generate targets. Joint venture partners then fund more advanced capital-intensive exploration work such as drilling.