Silver One Resources is an exploration and mining company engaged in the development and exploration of silver minerals primarily through its flagship project in the Nevada Candelaria mine. Its TSXV symbol is SVE.
The three US-based projects are:
• Phoenix Silver.
The flagship project, Candelaria, reportedly lies in the richest silver mining district in Nevada. Silver acquired the Candelaria project in 2001. Silver One believes that drilling completed by the previous owner delineated some of the deeper mineral targets and their full potential is still not tested completely.
Silver One Resources holds the option to acquire a complete interest in the previously producing Candelaria mine. As of 2021, the company is doing metallurgical tests to identify the suitable methods for and potential recoveries of silver from the historic leach pads.
In 2001, Silver completed a drilling program on the Candelaria mine which resulted in indication of a high-grade zone of silver mineralization on this project. Silver One Resources is drilling the project with an intention of discovering the historic mineral resource.
The company also has an opportunity to generate revenue through increasing the significant silver mineralization along the strike from two of the previously producing open pits. Silver One Resources has entered into a lease agreement to acquire five patented claims on its Cherokee project and has staked 636 lode claims. The Cherokee project lies in Lincoln County, Nevada, and hosts several silver, copper and gold vein systems over a 16-kilometer strike.
The exploration and mining company also holds an option to acquire a 100% interest in the Silver Phoenix project. This is a high-grade native silver property lying within the Arizona Silver Belt, in close proximity to the prolific copper-producing area of Globe, Arizona.
The company leverages its experienced management team with extensive knowledge of identifying acquisition targets and evaluating resource prospects to establish itself as a leading silver exploration and development entity.
The company’s business strategy involves an aggressive combination of growth through developing its existing projects, partnerships and acquisitions. The publicly-traded exploration entity publishes its investor-related documents and financial reports on its official website.