My rough tracking of SVE holdings reckoned they had about 11.6m AAU at the start of the winding up process. |
From LSE chat a couple of weeks ago:Received a reply from one of their associates Ciada Brennan. Basically just referred me to their most recent statement from 10th January which really doesn't tell me anything we didn't already know. Key points noted below but still no firm date.Company held shares in AAU it has been necessary to sell £97k worth so far to discharge liabilities of liquidation.6.6 million held but further may need to be sold to settle final costs.AAU shares will be distributed in specie to members, documentation will be sent to members detailing the distribution once this has been declared. I am currently liaising with share registrars to progress final distribution.Reply |
I think Moorfields costs will eat into Starvest shareholders AAU share allocation |
Absolutely! |
NO NEWS AT ALL IN 2024.
WHAT IS GOING ON ??????
WE THE SHAREHOLDERS DESERVE TO GET AN UPDATE |
Not that I was aware of. None of that share showing in my Barclays ISA. |
Are New Frontier Minerals Limited (ASX:NFM) anything
to do with Starvest? I suddenly own a bunch of it with
no explanation. |
Lonely, so lonely. |
How can they be compensated ???
They ran the company.
Was this planned all along ??
WE HAVE BEEN SCREWED. |
 SILVER ONE COMMENCES A ZTEM GEOPHYSICAL SURVEY AT ITS HIGH-GRADE PHOENIX SILVER PROJECT, ARIZONA
08/10/2024 5:15am
PR Newswire (Canada)
Silver One Resources (TSXV:SVE)
VANCOUVER, BC, Oct. 8, 2024 /CNW/ -- Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to announce it has commenced a property-wide airborne geophysical survey at its high-grade Phoenix Silver Project located near Globe, Arizona.
The goal of this survey is to potentially outline areas of alteration that may be associated with buried porphyry related mineralized systems. The property lies at the northeast end of a 50+ kilometer belt that is host to multiple porphyry copper mines and prospects. These include the nearby Miami-Inspiration producing complex operated by Freeport McMoRan and the newly discovered Ocelot project being explored by BHP. Both occur along strike from our Phoenix Silver property, where multiple select grab samples have returned high copper and silver values (see Figures 1 and 2 and News Release of June 6, 2024).
The geophysical program will cover an area of 100 km2 and consists of a helicopter borne Z-Axis Tipper Electromagnetic system (ZTEM) survey that will be conducted by Geotech Ltd. This type of electromagnetic survey has been particularly successful in delineating alteration halos associated with porphyry copper deposits around the world. At the Phoenix Silver project, the survey is expected to be useful in outlining structures as well as areas of hydrothermal alteration potentially related to mineralization.
The survey will be completed in October 2024, with data processing and interpretation to follow. Once this data is integrated with existing geological, geochemical, and geophysical data, it is hoped that new silver and copper targets will be identified.
Greg Crowe, Silver One's President, CEO and Director, commented, "The silver targets on the property continue being the focus of our exploration and, to that end, the company commenced drilling the first week of October (see News Release of Oct. 2, 2024). The potential for copper, however, is also compelling and as such we have commenced an airborne ZTEM survey to assess the porphyry copper potential in the property. This type of mineralization is similar to the along strike and nearby Miami copper complex being operated by Freeport McMoRan and the recently discovered Ocelot porphyry system being explored by BHP. The Ocelot hosts multiple intercepts of 250+ meters averaging 0.6-0.7% copper and lies beneath the historic Dominion mine that produced base metals, silver, and gold from near surface veins. Both the Miami and Ocelot are along strike and are part of a 50+ km long porphyry belt that projects northeastwards beneath the Phoenix Silver project." |
SVE just feels like an option on the first wave of new silver mining on arising priced.
Those leach pads are already mined for God's sake. The cash flows begins when processing and recovery starts, and higher grade material can be added to the leach pads as soon as the already built mine starts up again.
Ironically I think it will take the preliminary identification of the veins sytem at the imminent Phoenix exploration project to get people to see the potential of Candelaria that's been sitting there for a decade. |
Still have mine in the bottom drawer, pay day is coming soon |
I topped up yesterday afternoon ahead of the exploration drilling in Q4.
I stand by what I wrote in April 21 here:
I'm on board this train now!! Started adding SVE.....what I like:
1) 45mOz of silver sitting semi processed in leach pads ready for milling. This should be one of the easier mines to get back into production.
2) Nevada. Nuff said. Good roads, good power, good water for the Candellaria mine site already in place.
3) Exploration upside - the other 2 projects look great
4) Greg Crowe - solid geezer. I like the way they promote themselves, itis professional, calm and compelling.
5) Eric Sprott
The leach pad spoil is considerably higher grade than some ore that is currently being mined in other parts of Nevada. |
Silver One Commences Road and Pad Construction in Preparation for Drilling at Its High-Grade Phoenix Silver Project, Arizona
DRILL TARGETS INCLUDE VEIN STRUCTURES THAT ARE POTENTIAL SOURCE OF MULTIPLE VEIN FRAGMENTS INCLUDING A 417 POUND NATIVE SILVER-RICH VEIN FRAGMENT
Vancouver, British Columbia--(September 17 2024) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1); (“Silver One” or the “Company”;) is pleased to announce the commencement of construction of road and drill pads in preparation for drilling the first of several silver targets at its high-grade Phoenix Silver Project located near Globe, Arizona (See Figures 1 and 2).
Forest Service fire restrictions have been lifted in the project area and road construction has started in preparation for drilling by the first week of October.≈The main drill target is the 417 Target Area which includes the potential source of very high-grade silver vein fragments located around the 417 pound (189 kg) vein fragment found in the central part of the property (see Figures 1, 2 and 3). This vein fragment was not assayed, as it is a collectors’ specimen, but specific gravity tests indicate a very high-grade silver content of up to 70% native silver (see News Release of Feb 5, 2020). Multiple other smaller specimens found in the property, also containing abundant visible native silver, assayed up to 459,000 g/t (13,385 oz tr/sh tn) silver (see Figure 4 and News Release of Feb 5, 2020). This assay result correlates well with the order of magnitude of silver found in other vein fragments, including the specific gravity estimate of silver in the 417 pound vein fragment.
The easing of fire restrictions will also allow the scheduling of the ZTEM geophysical survey announced in the August 12 news release, estimated for the fourth week of September. This electromagnetic survey is expected to be useful in outlining areas of alteration and/or mineralization. This will be especially important in the southern part of the property where multiple select samples from breccia and alteration zones and veining have returned values greater than 1% copper with high silver values (see News Release of June 6, 2024). This type of mineralization may be related to a buried porphyry system similar to the along strike and nearby Miami copper complex being operated by Freeport McMoRan and the recently discovered Ocelot porphyry system being explored by BHP. The Ocelot hosts multiple intercepts of 250+ meters averaging 0.6-0.7% copper and lies beneath the historic Old Dominion mine that produced base metals, silver and gold from near surface veins (BHP’s News Release 9/23 of Apr 21, 2023). Both the Miami and Ocelot are along strike and are part of a 40+ km long porphyry belt that projects northeastwards beneath the Phoenix Silver project (see Figure 5) .
The drill program approved by the company consists of 2,500 metres including up to 40 diamond drill holes off 13 different drill pads, as authorized by the Forest Service (Figure 1).
Figure 1 – Map of the 417 Vein Target Area showing outcropping veins and permitted drill pad locations.
Figure 2 – Map of the Phoenix Silver property, showing main veins and targets. Much of the north half of the property is covered by Tertiary and Quaternary gravel and alluvium and has not been mapped in detail. Target # 1 (or 417 Target Area), encompasses the 417 lb silver fragment, multiple veins (see figure 1) and the permitted area for drilling. Targets south of the 417 area, include polymetallic veins as well as alteration zones potentially associated with porphyry-style mineralization.
Figure 3 – 417 pound vein fragment containing estimated 70% silver (determined by specific gravity method). The photo is of a selected sample that is not necessarily representative of the mineralization hosted on the property.
Figure 4 – 459,000 g/t silver (13,385 oz tr/sh tn) vein fragment containing abundant visible native silver.
The above photo is of a selected sample that is not necessarily representative of the mineralization hosted on the property.
Figure 5: Phoenix Silver location map showing copper belts of the Miami-Globe porphyry copper district. Major mines and deposits include the Miami-Inspiration mining complex and BHP’s porphyry copper discovery area. Blue contours are northeast-oriented regional magnetic (MVI – contour interval 0.0002 SI) anomalies which form a spatially coincident signature of the mineral belts of the Miami-Globe copper district.
Qualified Person
The technical content of this news release has been reviewed and approved by Robert M. Cann, P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company.
About Silver One
Silver One is focused on the exploration and development of quality silver projects. The Company holds a 100% interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in previously identified high-grade silver intercepts down-dip and potentially increasing the substantive silver mineralization along-strike from the two past-producing open pits.
The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike.
Silver One also owns a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect that lies within the “Arizona Silver Belt”, immediately adjacent to the prolific copper producing area of Globe, Arizona. |
The Starvest website seems to have disappeared now! |
Silver One Closes Oversubscribed Financing Of $5.9 Million
June 21, 2024
Vancouver, BC – June 21, 2024 - Silver One Resources Inc. (TSXV: SVE; OTCQX: SLVRF; FSE: BRK1 - “Silver One” or the “Company”;) is pleased to announce that it has closed its previously announced non-brokered private placement financing (see news release dated June 13, 2024) by issuing 21,099,138 units of the Company (the “Units”) at a price of $0.28 per Unit for aggregate gross proceeds of $5,907,758.64 (the “Offering̶1;).
Each Unit is comprised of one common share (“Share”) and one-half of one common share purchase warrant (“Warrant̶1;), with each whole Warrant entitling the holder to purchase one additional common share at $0.40 per Share for a period of three (3) years from the date of issue.
The Shares issued under the Offering will be subject to restrictions on resale until October 21, 2024. The Company paid finders a fee totaling $78,120.48 and issued finders a total of 237,006 finder’s warrants. Each finder’s warrant is exercisable at a price of $0.40 per Share for a period of three (3) years from the date of issue.
Proceeds of the Offering will include drilling of the very high-grade silver targets at Phoenix Silver Project, geophysical work and sampling to outline potential porphyry copper-silver targets at Phoenix Silver Project, ongoing metallurgical work at Candelaria with the goal of updating the historical resource and completing an economic study, plus general working capital.
This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be any sale of any of the securities offered in any jurisdiction where such offer, solicitation or sale would be unlawful, including the United States of America. The securities being offered as part of the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and any applicable state securities laws, or pursuant to available exemptions therefrom.
About Silver One
Silver One is focused on the exploration and development of quality silver projects. The Company holds a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in previously identified high-grade silver intercepts down-dip and potentially increasing the substantive silver mineralization along-strike from the two past-producing open pits.
The Company has staked 636 lode claims and entered into a Lease/Purchase Agreement to acquire five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike.
Silver One also owns a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect that lies within the “Arizona Silver Belt”, immediately adjacent to the prolific copper producing area of Globe, Arizona. |
Might still be worth an hour to see how the new AAU transformational strategy is setting out. |
Do you know what the Directors compensation claims are for? I understand it’s going to counsel. |
No point as we may never see our promised Ariana shares. All may be sold to pay the directors compensation claims. |
Silver One Resources Announces Private Placement Financing
June 13, 2024
Vancouver, British Columbia–(June 13, 2024) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) (“Silver One” or the “Company”;) is pleased to announce to announce a non-brokered private placement financing of 19,642,857 units (a “Unit”) at a price of $0.28 per Unit for total proceeds of $5,500,000 (the “Offering̶1;).
Under the Offering, each Unit will consist of one common share (each, a “Common Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”;). Each Warrant will entitle the holder to purchase a Common Share at an exercise price of $0.40 for a period of three years from the date of issue.
The securities under the Offering will be subject to restrictions on resale expiring four months and one day after issue. The Company may pay finders a fee in cash and/or share purchase warrants. The Company intends to use the net proceeds for exploration and drilling on the Company’s mineral properties as well as general working capital purposes.
Closing of the Offering is subject to acceptance of the TSX Venture Exchange (the “Exchange̶1;).
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States.
Extension of Previously Issued Share Purchase Warrants
The Company also announces that it will be applying for approval from the Exchange to extend the expiry date of 10,191,669 share purchase warrants (the “2020 Warrants”) issued to subscribers under the Company’s private placement that closed on July 14, 2020. The Company intends to extend the expiry date of the 2020 Warrants from July 14, 2024 to July 14, 2025. The exercise price of $0.65 and all other terms of the 2020 Warrants will remain unchanged for the extended exercise period. The extension is subject to approval of the Exchange.
About Silver One
Silver One is focused on the exploration and development of quality silver projects. The Company owns a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in unmined historic resources as well as in previously identified high-grade silver intercepts down-dip, which can potentially increase the substantive silver mineralization along-strike from the two past-producing open pits.
The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike.
Silver One also owns a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect, recently permitted for drilling, which lies within the “Arizona Silver Belt,” immediately adjacent to the prolific copper producing area of Globe, Arizona. |
join ARIANA RESOURCES PLC's Investor Q&A session TOMORROW at 12:00pm - Click below to register. #AAU ArianaResourcesJ |
SILVER ONE DISCOVERS ADDITIONAL COPPER AND SILVER SHOWINGS ON ITS PHOENIX SILVER PROJECT IN ARIZONA
06/06/2024 5:15am
DRILLING PERMITS ON POTENTIAL HIGH-GRADE SILVER TARGETS
VANCOUVER, BC, June 6, 2024 /CNW/ -- Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to announce the discovery of additional copper and silver prospects with up to 1,240 g/t Ag and 7.79% Cu in selected samples (see Table 1, Figures 1 and 2 below and the Company's news release of May 15, 2024). These samples were collected in the southern portion of the property where multiple copper and silver showings suggest potential for the discovery of porphyry related copper-silver mineralization. This part of the project is immediately northeast of the Freeport McMoRan Miami copper mine and the recently discovered Ocelot porphyry project being actively explored by BHP (see Figure 3 below).
Additionally, the structures thought to host the large silver vein fragments (weighing up to 417 pounds and estimated to contain up to 70% silver) are permitted for drilling (see Company's news release of May 15, 2024 and Figure 4 below). The company is targeting Q3 2024 for this drill program.
Highlights:
New copper showings on recently acquired claims highlight the potential for porphyry related copper mineralization immediately along strike from the Freeport McMoRan Miami copper mine and the recently discovered Ocelot porphyry copper project being explored by BHP.
Highly anomalous copper values in selected samples range between 0.1% to 7.79% and silver between 1 g/t and 1,240 g/t containing locally abundant lead and zinc in veins and breccias.
New silver fragments discoveries reported in the company's news release of May 15, 2024 extend the area of potential silver vein mineralization for 600+ metres to the west of the previously discovered 417 lb (189 kg) angular and unabraded vein fragment that was estimated to contain over 70% silver and an 18.7 lb (8.5 kg) specimen assaying 459,000 g/t (14,688 oz/t) silver (see news release dated February 5, 2020 and May 15, 2024).
The project is permitted for drilling on these potentially high-grade silver targets (See Figure 4).
Greg Crowe, President and CEO of Silver One commented: "These additional strongly anomalous copper and silver select samples collected from numerous showings, along with previously collected samples, highlight the wide distribution of copper-silver mineralization throughout the southern portion of the Phoenix Silver project. The property lies to the northeast of Freeport McMoRan's copper producing Miami Complex and BHP's Ocelot porphyry copper exploration project.
Phoenix Silver lies at the northeast margin of a 30+ km long porphyry copper and silver belt and has excellent potential to host high-grade silver mineralization as well as porphyry related copper-silver mineralization. Some of the deposits in the area that have reported silver associated with copper mineralization include the Pinto, Miami, Silver King and Silver Queen mines (see USGS Porphyry Copper Deposit Model – Scientific Investigations report 2010-5070-B).
A drill permit has been secured to test structures believed to host the very high-grade silver vein fragments (see Company News Release of March 2, 2023). Emphasis will be placed on the 417 vein structure, where numerous high-grade silver fragments have been located along 600+ meters of this east-west trending system. These veins are thought to be the host to the angular and unabraded fragment weighing 417 lb (189 kg) and estimated by specific gravity methods to contain 70% silver. Assays of smaller fragments returned up to 459,000 g/t (14,688 oz/T) silver (see Company News Release of February 5, 2020 and May 15, 2024).
The Phoenix Silver project continues to surprise, not only in the size and distribution of mineralized areas, but also in the high copper and silver grades associated with the mineralized systems. What started as a rare opportunity in potentially identifying veins of extremely rich silver mineralization, has now expanded to include large areas of copper-silver porphyry potential. The Phoenix Silver project is truly a unique and exceptional exploration opportunity."
Elevated copper and silver values with abundant manganese, iron oxides and local base metals (lead and zinc) shown in Table 1 above, are representative of the mineralization in veins, hydrothermal breccias, and fracture systems that are widespread throughout the southern part of the property. These values along with elevated molybdenum (to 239.9 ppm in sample 41558) and local chlorite hydrothermal alteration suggest the presence of intrusive centered hydrothermal systems and are distal manifestations potentially related to the margins of porphyry copper deposits. Examples of these manifestations can be seen at the Silver Queen and Silver King mines which are the surface expression of the Magma and Resolution copper deposits, and the Old Dominion vein which is the surface expression of the Ocelot porphyry copper discovery. Polymetallic epithermal veins similar to those found in the property (see Fig 1) also occur in the periphery of other copper deposits such as Butte Montana.
Silver One plans to drill the high-grade silver targets. It will also continue the geologic reconnaissance mapping and sampling of the new claims staked in October and December 2023. |
The greedy directors are delaying the share distribution. |
where are AAU shares? |
I hope folk didn't immediately sell their GGP shares when they got them. |
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