Silver One´s aim is to become a premiere silver focused exploration and development company. The Company has acquired a 100% interest in three significant silver assets from First Mining Finance (TSX-V: FF). Through this transaction First Mining owns 7.2% of the issued and outstanding shares of Silver One.
Silver One has also entered into an option agreement with Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) to aquire a 100% interest in the Candelaria Mine project.
COMBINED SILVER ONE HISTORIC RESOURCES
Candelaria
| Classification | Tons | Factored Ag Grade (opt Agtotal) | Sol. Au Grade (opt Ausoluble) | AqEq Grade (opt AgEqtotal) | Ag Ounces (Agtotal) | Aq Equiv. Ounces (AqEqtotal) |
|---|---|---|---|---|---|---|
| M + Ind | 13,623,000 | 3.23 | 0.003 | 3.42 | 44,060,000 | 46,633,000 |
| Inf. | 55,681,000 | 1.49 | 0.002 | 1.52 | 82,829,000 | 84,806,000 |
Peńasco Quemado
| Resource Category (Underground) | Mineral Type | Tonnes (Mt) | Ag (g/t) | Ag (Moz) |
|---|---|---|---|---|
| M + I | Oxides | 2.57 | 117 | 9.63 |
La Frazada
| Resource Category (Underground) | Mineral Type | Tonnes (Mt) | Ag (g/t) | Au (g/t) | Pb (%) | Zn (%) | Ag (Moz) | Au (oz) | Pb (Mlb) | Zn (Mlb) | Cu (Mlb) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M+ I | Sulphides | 0.58 | 251 | 0.17 | 0.87 | 2.44 | 4.70 | 3,200 | 11.16 | 31.28 | 1.18 |
| Inferred | Sulphides | 0.53 | 225 | 0.17 | 0.92 | 2.62 | 3.86 | 3,100 | 10.86 | 30.77 | 1.05 |
