Silver One is focused on the exploration and development of quality silver projects. The Company holds an option to acquire a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada. The Company is currently conducting metallurgical tests to determine the best methods for and potential recoveries of silver from the historic leach pads. Silver One is also currently drilling the Candelaria project with the goals of updating the sizeable historic resource to current and is testing the potential for a down-dip high-grade zone of silver mineralization as indicated in previous drilling completed by Silver Standard in 2001. Additional opportunities lie in potentially increasing the substantive silver mineralization along-strike from the two past-producing open pits.
The Company has staked 636 lode claims and entered into a Lease/Purchase Agreement to acquire five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 16 km along-strike.
Silver One holds an option to acquire a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect that lies within the “Arizona Silver Belt”, immediately adjacent to the prolific copper producing area of Globe, Arizona.
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The focus of Silver One is to become a leading silver exploration and development company by building a strong portfolio of silver-rich projects for future growth. Our flagship project is the past-producing Candelaria Silver Mine situated in the mining-friendly state of Nevada, USA. In addition to Candelaria, the Company holds a 100%-interest in three silver assets located in Mexico.
The Silver One management team has extensive experience identifying acquisition targets and evaluating resource prospects. This has provided us with the ability to recognize and assemble an inventory of silver projects that include not only significant exploration potential but also production potential.
The Silver One business plan incorporates an aggressive combination of growth through the development of its existing properties, acquisitions, and partnerships.