Silver One completes acquisition of its Phoenix Silver Project in Arizona

  • Silver One Resources (OTCQX:SLVRF) has exercised its option to acquire a 100% interest in the high-grade Phoenix Silver Project, located within the “Arizona Silver Belt”.
  • In order to acquire a 100% interest in the Phoenix Silver Project, Silver One paid $0.35M and issued ten million common shares of Silver One over 3 years to the property vendors.
  • The central portion of the claim block is subject to a 2% NSR, which can be purchased for $ 1M.
  • “Acquiring a 100% interest in Phoenix Silver represents a rare opportunity in potentially identifying extremely rich silver vein mineralization.” said Greg Crowe, President and CEO of Silver One.

William Murphy

Related post