Welcome to our dedicated page for Silver One Res news (Ticker: SLVRF), a resource for investors and traders seeking the latest updates and insights on Silver One Res stock.
Silver One Resources Inc. reports developments tied to silver exploration and project development in the southwestern United States. The company holds a 100% interest in the past-producing Candelaria Mine in Nevada, where news commonly covers drilling, heap-leach resource work, metallurgical testing, geotechnical studies and pre-feasibility activities.
Company updates also address the Cherokee project in Lincoln County, Nevada, which hosts silver-copper-gold vein systems, and the Silver Phoenix Project in Arizona, a native silver prospect in the Arizona Silver Belt. Recurring corporate news includes private placements, stock option grants, technical conference presentations and field-program results.
Silver One Resources announced a non-brokered private placement financing of 19,642,857 units at $0.28 per unit, totaling $5.5 million. Each unit includes one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at $0.40 for three years. Proceeds will fund exploration, drilling, and working capital. The offering's securities will be restricted from resale for four months and one day. Additionally, the company seeks to extend the expiry date of 10,191,669 warrants from July 14, 2024, to July 14, 2025, maintaining the exercise price at $0.65. Both initiatives require TSX Venture Exchange approval.
On June 6, 2024, Silver One Resources announced the discovery of new copper and silver prospects at its Phoenix Silver Project in Arizona. Selected samples from the southern part of the property showed up to 1,240 g/t silver and 7.79% copper. The area, located northeast of Freeport McMoRan's Miami copper mine and BHP's Ocelot porphyry project, shows potential for porphyry-related copper-silver mineralization. The company is set to begin drilling high-grade silver targets in Q3 2024. Notable findings include highly anomalous copper values between 0.1% to 7.79% and silver between 1 g/t to 1,240 g/t. The project is permitted for drilling, targeting structures believed to host high-grade silver vein fragments. These discoveries extend the potential silver vein area by over 600 meters. Silver One's exploration continues to show significant promise for high-grade silver and copper mineralization.
Silver One Resources has discovered additional silver vein fragments and new copper showings at its Phoenix Silver Project in Arizona. These new findings extend the area of potential high-grade silver mineralization by 600 meters to the west. Recent samples indicate silver content as high as 1,785 g/t and copper content up to 2.74%. The project is positioned near notable copper mines, enhancing its copper-silver porphyry potential. Drilling permits have been secured to explore these promising structures. This discovery represents a significant expansion of the project's mineralized area and its potential for high-value resource extraction.
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