Silver One Corporate Update to Shareholders
Silver One has also been advancing its Peñasco Quemado project in the state of Sonora, Mexico. The Company was the first to complete property wide geological mapping, soil geochemistry and geophysical surveys that yielded very promising results. Large zinc and lead soil anomalies (values to over 2,000 ppm) occur in two separate areas of the property. The results extended the known mineralized strike by over 2.6 kilometres from the historic resource area where near-surface silver mineralization of just under 10 million ounces of silver has been identified. Additionally, an anomalous area of zinc and lead in soils occurs over an area of 3 kilometres by 5 kilometres in the south-western portion of the property. Silver One plans to drill the Peñasco Quemado targets to test for the potential for a large zinc-lead-silver mineralized system at depth.
