Business
Silver One Stakes Highly-Prospective Silver-Gold-Copper System at Cherokee, Lincoln County, Nevada
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2018) - Silver One Resources Inc. (TSX...
About this update from Silver One Resources Inc.
[{"type":"text","content":"Silver One Stakes Highly-Prospective Silver-Gold-Copper System at Cherokee, Lincoln County, NevadaVancouver, British Columbia--(Newsfile Corp. - July 19, 2018) - Silver One Resources Inc. (TSXV: SVE) (OTC Pink: SLVRF) (FSE: BRK1) (\"Silver One\" or the \"Company\") is pleased to announce that it has expanded its portfolio of high quality silver projects with the recent staking of 636 lode claims (approximately 13,000 acres or 5,200 hectares) covering an 11-kilometre long by 4-kilometre wide, structurally controlled, silver-copper-gold system in Lincoln County, Nevada. The property (\"Cherokee\") hosts a series of epithermal-style veins, along with several large areas of strong silicification and associated jasperoids. Similar epithermal systems to those at Cherokee are known to host numerous gold and silver mines throughout Nevada. To date. a total of 125 samples have been taken across the property, with individual values as high as 1,162 ppm silver, 2.9% copper and over 2 ppm gold being returned from surface dump, rock grab and rock chip sampling collected along the exposed areas of these vein systems (see map below). Greg Crowe, President and CEO of Silver One Resources commented, \"The Cherokee property represents a substantive, non-dilutive addition to Silver One's existing portfolio of silver projects. The property which is vastly underexplored lies in a large prospective region in close proximity to the Pioche mining district in eastern Nevada. In the 1980s, the discovery of significant gold deposits such as the Goldstrike mine of Barrick Gold Corp. in northern Nevada, led subsequent exploration throughout the state to be focused primarily on gold. This has left many of the historic silver camps with little to no modern exploration and in many cases abandoned, thus affording Silver One the opportunity to acquire a large land position in a very prospective area.\"Cherokee is an emerging silver camp located approximately 75 kilometres south of the historic Pioche mining district. From 1869 to present, the Pioche area mined over 6 million tons producing in excess of 1 million ounces of gold, 20 million ounces of silver, 7 million pounds of copper, 350 million pounds of lead and 700 million pounds of zinc. Production was initially from gold-silver-copper veins and later from underlying carbonate-hosted replacement-type mineral...