Silver One’s aim is to become a premier silver focused exploration and development company.
Silver One has entered into an option agreement with SSR Mining (Formally known as Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) to acquire a 100% interest in the Candelaria Mine project.
The project lies within the Candelaria Mining District, historically the richest silver mining district in Nevada and previously produced over 69,000,000mm oz of silver and has a historic resource estimate. The Candelaria silver project represents an unique opportunity for Silver One. It contains a substantial historic silver resource and provides an excellent exploration opportunity for investigating the presence of high-grade silver mineralization and potential additional resources at depth.
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 11 km along-strike.
An option agreement has been entered into by Silver One to acquire a 100% interest in the Phoenix Silver property. The Phoenix Silver property is a very high-grade silver opportunity, located in Gila County, Arizona
The Company has acquired a 100% interest in three silver assets in Mexico from First Mining Gold (TSX-V: FF). The three properties in Mexico include: Peñasco Quemado in the State of Sonora, La Frazada in the State of Nayarit, and Pluton in the State of Durango. Peñasco Quemado and La Frazada have historical resource estimates while Pluton hosts significant exploration potential.