Another penny stock to add to your watchlist is otcmkts:slvrf, which shows explosive potential to investors and traders. Silver One Resources Inc acquires, explores, and develops silver properties in Mexico, the United States, and Canada.
We will start with a company overview, look at the market data, discover the companies press releases, and final thoughts. This will give us an overall objective and direction of this potential stock.
otcmkts:slvrf through its subsidiary, primarily explores, acquires, and develops silver properties throughout Mexico, Canada, and the U.S. The company currently holds a 100% interest in Nevada’s flagship company, called the Candelaria Silver project. The company is investigating for potential reprocessing of silver from historic leach pads in their Nevada mine. The company was previously known as BRS Ventures Ltd and changed its name in September 2016 and was incorporated in 2007. Silver One Resources Inc is currently headquartered in Vancouver, Canada.
The project located in Lincoln County, Nevada. The Cherokee project, which is host to multiple silver, copper, and gold vein systems. The property also has the potential for limestone, silver, and gold. They hold an option to acquire 100% interest in its Silver Phoenix Project. This mine is a high-grade native silver prospect situated in the Arizona Silver Belt and adjacent to the popular copper-producing area of Globe, Arizona.
Adding to its impressive portfolio, the company also has 100% interest in three prolific silver assets located in Mexico. Sonora; La Frazada, Peñasco Quemado and Nayarit; and Pluton, Durango, acquired from First Mining Gold, and one of its major shareholders.
The company is mainly focused on the development and exploration of high-quality silver projects. Silver One is currently drilling in its Candelaria Silver project. To update the extensive historic resource and is testing the opportunities for a down-dip high-grade zone of silver mineralization. The mine also offers additional opportunities in the increasing silver mineralization along strike from the two producing pits.
The company has a stake in the 636 lode claim. It has entered into a purchase/lease agreement to acquire five patented claims in their Cherokee project, located in Lincoln County, Nevada. This mine is host to multiple silver, gold, and copper vein systems over 16km along strike.
Additionally, otcmkts:slvrf holds an option to acquire 100% interest in the Silver Phoenix Project, which is a high-grade native silver prospect located in the Arizona Silver Belt.
otcmkts:slvrf Objectives
Silver One focuses on becoming a leader in silver exploration and development, aiming to build a strong portfolio of silver-rich assets for future growth and expansion. The company’s primary project is the Candelaria Silver project situated in Nevada and is a past-producing mine.
Silver One team has extensive experience in evaluating resource projects and identifying acquisition targets. This has projected the company forward to assemble an inventory of silver projects, including significant exploration opportunities and production potential.
The company will develop its growth through the development of existing properties, partnerships, and acquisitions.
silver one resources share price
otcmkts:slvrf is currently trading at 0.5382 and has decreased by 0.6461% at this article’s time. The company’s average volume is 499,477, and its 52-week range is 0.4350 – 0.7500.
Silver One does not have an earning date at this time, and no PE Ratio is available. The company’s market capitalization is 105,577M. Silver One does not offer a dividend yield at this time.
otcmkts:slvrf Advances Exploration Targets At The High-Grade Phoenix Silver Project, Arizona
The company is pleased to announce its ongoing exploration at the Phoenix Silver Project in Arizona. The main focus was to identify the upslope source of extensive, angular vein fragments, with one weighing 189 kg. The gravity measures that the vein fragment contains roughly 70% silver, another smaller vein fragment weighed approximately 50% silver. The work undertaken included prospecting, mapping, rock, and soil sampling.
Greg Crowe, President, and CEO commented. Even during the pandemic, the company has been able to continue exploration in the Phoenix Silver Project. The company has been outlining new targets and should be able to accelerate its exploration efforts in Q3. The company’s primary goal is to drill test the prospective anomalies, especially the ones in the area of the high-grade vein fragments. When the surface exploration is complete, the company will pursue drilling permits.
otcmkts:slvrf is in the process of initiating an airborne (drone) magnetometer survey, which is a similar method used in its other mines with colossal success. Surveys may be expanded when new targets are identified through their exploration efforts.
otcmkts:slvrf Advances Exploration on Its Cherokee Project, Nevada
The company is happy to announce its 2020 exploration season on its Cherokee Project, Nevada, a high-grade copper, silver, and gold project hosting multiple precious and base metals vein systems. Two of the main structures that are host to these veins are roughly 12 km along strike. The company also discovered several areas and alterations and veining in their 2019-2020 explorations. The company will push forward with mapping and sampling in these high-grade vein systems.
The company’s primary goal is to upgrade these potential silver and gold systems into drilling targets. A considerable portion of the property remains unexplored.
Greg Crowe, President, and CEO commented. Various styles of mineralization have already been recognized at the Cherokee Project, Nevada.
These mainly include high-grade copper and precious metals vein systems. The large property has only been partially explored, with no drilling documented in these systems. The company’s work will help identify and rank exploration targets and the selection that warrants drilling.
The exploration will take about 90 days and will include sampling and mapping. The company will carry out more work in areas previously sampled for high-grade silver and copper veining. Some of the samples returned have values as high as 4.8% copper, 1800 gm/t silver, and 2 gm/t gold. These surveys will help identify drill targets for drilling programs in Q4 in 2020.
otcmkts:slvrf Announces Heap Leach Pads’ Resource Estimates on Its Candelaria Project, Nevada
The company announced the completion of an indicated resource estimate for heap leach pads situated in the Candelaria Project.
Greg Crowe, President, and CEO commented. The two historic leach pads’ results are primarily based on the results from the sonic drill program, the metallurgical studies completed by Silver One, and previous drill hole information from previous operations. The results correspond with previously reported historic heap resources, including the average silver grade and the quantity of silver in the heaps. The company will actively pursue metallurgical testing to optimize our silver and gold recoveries. otcmkts:slvrf will commence drilling programs in Q3 – Q4, which are high-grade underground targets to the north of two open pits and along strike in the areas of historic workings.
The company will pursue and develop this extraordinary project to rehabilitate this past-producing silver mine.
The resource estimates are as follows based on the results gathered;
Metal Prices are $1500 per ounce of gold. $20 per ounce of silver. The spot price for gold is $2063.20 per ounce as of August 6, 2020, and silver $28.89 per ounce on August 6, 2020.
otcmkts:slvrf to Sell Mexican Silver Assets
The company announces that they have entered into a letter of intent with Plymouth Realty Capital Corp. Plymouth is primarily a pool company, selling their Canadian subsidiary KCP Minerals Inc, currently holding all of its Mexican silver properties.
Plymouth aims to be a significant player in the silver sector by advancing and acquiring quality silver projects.
Since the company’s agreement with SSR Mining, back in 2017, that allowed Silver One to acquire 100% interest in the past-producing mine, the Candelaria silver mine. The company has been shifting efforts into the southwestern U.S. The company’s Mexican assets have become of secondary importance to the company.
Greg Crowe, President, and CEO commented. The sale of the company’s Mexican assets to Plymouth provides us excellent value. Since 2018 The company has focused on projects mainly in Nevada and recently Arizona. Our company will have a significant position in the potential Mexican growth story; it appears that strong precious metals are experiencing a bull market. Adding to this, the company also has a highly leveraged share position in Plymouth. It will retain 1.5 NSR on each project. The company can bring this figure down to 0.5% by paying silver One 0.5 million for each property.
The term of the agreement will include Silver One transferring to Plymouth 100% interest of its Mexican Silver Properties. Plymouth will pay $6,000,000 in cash and shares of Plymouth to Silver One.
Plymouth will change its name to Silverton Metals and list the post-split common shares under a new ticker symbol. The transaction is subject to approval by the TSX Venture Exchange.
This precious metals and exploration company has an impressive portfolio of assets, including the Candelaria Silver project, Cherokee project and the Silver Phoenix Project, and several other projects throughout Mexico. The company mainly focuses its efforts throughout the United States, Canada, and Mexico.
Silver One focuses on becoming a leader in silver exploration and development, aiming to build a strong portfolio of silver-rich assets for future growth and expansion. The company will develop its growth through the development of existing properties, partnerships, and acquisitions.
The company’s primary goal is to drill test the prospective anomalies, especially the ones in the area of the high-grade vein fragments. Its key focus is to identify the upslope source of extensive, angular vein fragments, with one weighing 189 kg. The gravity measures that the vein fragment contains roughly 70% silver. Pioneered by the Phoenix Silver Project.
Even during the pandemic, the company has continued exploration in the Phoenix Silver Project. They produce very promising results, mainly due to airborne (drone) magnetometer survey, which has produced successful previous projects results. The company hopes to proceed with drilling targets in the foreseeable future.
Cherokee Project, Nevada, is pioneering to upgrade these potential silver and gold systems into drilling targets. A considerable portion of the property remains unexplored. Various styles of mineralization have already been recognized at the Cherokee Project, Nevada. These mainly include high-grade copper and precious metals vein systems. The large property has only been partially explored, with no drilling documented in these systems. There is no doubt that this mine could provide otcmkts:slvrf some excellent results, delivering new challenges and goals to move forward.
The Candelaria Project has produced many advancements and opportunities for Silver One, actively pursue metallurgical testing to optimize our silver and gold recoveries. otcmkts:slvrf will commence drilling programs in Q3 – Q4, which are high-grade underground targets to the north of two open pits and along strike in the areas of historic workings. The company will pursue and develop this extraordinary project to rehabilitate this past-producing silver mine.
We learned that otcmkts:slvrf to Sell Mexican Silver Assets, an excellent deal for the company. Since 2018 The company has focused on projects mainly in Nevada and recently Arizona. Adding to this, the company also has a highly leveraged share position in Plymouth. It will retain 1.5 NSR on each project. This will allow the company to concentrate entirely on its main producing assets and receive a cash injection for future acquisitions and projects.
It is assumed that the precious metals industry appears to be in a bull market. And there is no doubt this company will produce precious metals to meet the demanding market. Here is a recap of the figures estimated resource estimate for heap leach pads situated in the Candelaria Project.
Metal Prices are $1500 per ounce of gold. Silver is $20 per ounce. The spot price for gold is $2063.20 per ounce as of August 6, 2020, and silver $28.89 per ounce on August 6, 2020.
Silver One is an impressive company with an incredible portfolio of assets and figures to back it up. There is no doubt it will become a leader in the precious metals sector acquiring new partnerships, acquisitions, and future drilling programs to grow and expand.
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