Starvest Share Discussion Threads

[plasybryn] 02/10/2020 08:16

NAV update due. Should show a very nice discount and perhaps drive our share price north. We are undervalued that is for sure.

[zedder] 01/10/2020 08:34

We still had 82m on 29th September according to GGP:

[tyranosaurus] 01/10/2020 08:19

PRIM have sold 6m GGP at .148p.
Hope SVE don`t sell any this cheap.

[yorkie52] 30/9/2020 23:09

On that basis the discount is circa 40%

[zedder] 30/9/2020 22:47

So based on today's closing prices I'm guesstimating the NAV/share update as at 30th September as being 30.2p.

[rose_by_another_name] 30/9/2020 15:16

Ten million pennies divvied up amongst
57 million shares would be less than a
fifth of a penny each share, but still
worth over a thousand pounds to me.

[yorkie52] 30/9/2020 13:02

Possibly in the order of 100,000 quid in dividend from Ariana, unlikely to be passed on to us shareholders.

[plasybryn] 29/9/2020 08:18

Great news from Ariana this morning. Starvest will receive a chunky payout as part of the increased special dividend. How about a dividend from Starvest as a result?

[stu31] 25/9/2020 20:37

Silver One Commences Exploration on Its Cherokee Project, Nevada
August 6, 2020

Vancouver, British Columbia–(Aug 6, 2020) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) (“Silver One” or the “Company”;) is pleased to announce the commencement of its 2020 exploration season on its 100% owned Cherokee Project in eastern Nevada. Cherokee is a high-grade, silver-copper and gold project hosting multiple northwest trending, epithermal style, precious and base metal bearing vein systems. Two main structures that are host to these veins have been traced for over 12 km along strike. Several new areas of alteration and veining were discovered in the 2019-2020 exploration program (see Company News Release of June 20, 2020). Mapping and sampling of these prospective high-grade vein systems in the Garden Mountain, Viola and Blues Nose areas will be undertaken. Additional sampling will also be conducted at the Johnnie and Hidden Treasure areas, with the goal of upgrading these silver and gold systems to potential drilling targets. A large portion of the property remains unexplored.

Greg Crowe, President and CEO of Silver One commented: “Several styles of mineralization have been recognized to date on the Cherokee property. These include high-grade copper-rich precious metals epithermal style veins systems as well as areas of alteration potentially hosting polymetallic carbonate replacement and intrusive related systems. This large property has only been partially explored and no drilling has been documented on these systems. The only drilling recorded is in the southeast corner of the property, conducted in 1970-1980’s apparently looking for buried intrusive related porphyry molybdenum. The work planned will help to better delineate and rank exploration targets as well as to select those that warrant drilling”.

The current exploration program is estimated to take 90 days and will consist of detailed sampling and mapping in the recently discovered Garden Mountain, Viola and Blue Nose areas. More work will also be conducted in the areas of previously sampled high-grade silver-copper veining at the Cherokee Mine, where select surface sampling returned values as high as 953 gm/t silver and 4.8% copper. The Johnnie and hidden Treasure vein systems will also be more thoroughly sampled. Select samples at Hidden Treasure returned up to 1800 gm/t silver and 2 gm/t gold (see map below and July 9 and 19, 2018; October 23, 2018; September 3, 2019 and November 11, 2019 news releases). The results of these surveys will help delineate drill targets for a possible drill program in Q4 2020.

[stu31] 25/9/2020 20:36

Silver One Advances Exploration Targets at Its Very High-grade Phoenix Silver Project, Arizona
July 28, 2020

Vancouver, British Columbia–(July 28, 2020) - Silver One Resources Inc. (TSXV: SVE) (OTCQB: SLVRF) (FSE: BRK1) (“Silver One” or the “Company”;) is pleased to announce results of ongoing exploration at its Phoenix Silver Project near Globe, Arizona. The focus of the work undertaken since March 2020 has been to identify the upslope source of large, very angular vein fragments, one of which weighed 417 pounds (189 kg). The host vein-structure was thus called the “417 Vein” (see map below). Specific gravity measurements indicate that this fragment contains up to 70% silver. One of the smaller vein fragments discovered in the same area was assayed (concentrate assay) and returned just under 50% silver – 459,000 gm/t or 14,688 oz/t silver (see photos below and the Company’s News Release of Feb 5, 2020). Subsequent work undertaken included prospecting, geological mapping, rock and soil sampling, as well as ground supported Self Potential (“SP”) geophysical surveys. The share price and soil geochemistry revealed strong anomalies upslope and to the northwest of the area of the very high-grade vein fragments. The Company will also be undertaking a ground electromagnetic survey (“EM”) around the 417 vein and a drone-borne magnetic survey of the entire property.

Greg Crowe, President and CEO of Silver One commented: “Despite the onset of COVID19, we have been able to continue our exploration of the Phoenix Silver Project while adhering to COVID19 restrictions and regulations. Silver One has been successful in outlining new targets and, with the upcoming airborne geophysical surveys, should be in a position to significantly advance our exploration efforts in Q3. Our goal is to drill test some of the most prospective anomalies, especially those in the vicinity of the very high-grade vein fragments, once our surface exploration is complete. The Company has initiated archeological and biological surveys that will be required for drilling permits.”

Several new vein structures were identified throughout the property (see map below). Some of these returned strongly elevated silver values. Of note is the area around the historic Mexican Mine, which lies just upslope from the 417 vein. The silver-rich vein structures in the northern part of the property are generally hosted within Precambrian – Proterozoic aged diabase. This system has potential to be more regional in scale as it occurs in a similar geological setting to the historic, world-class, high-grade silver camp in the Cobalt-Gowganda region of northern Ontario, Canada. This famous and prolific silver rich area reportedly produced over 500 million ounces of silver from underground mining along high-grade veins (Sergiades A.O., 1968, Silver Cobalt Calcite Veins of Ontario, Ontario Department of Mines, Mineral Resources Circular No. 10, 498p)

Of additional interest is the area to the southwest of Silver One’s Phoenix Silver property. This copper producing area is underlain by Late Cretaceous – Tertiary aged intrusives that are host to multiple porphyry copper producing mines run by major mining companies such as Rio Tinto, Freeport McMorran and BHP. The southern portion of the Phoenix Silver project may be overprinted by these more recent porphyry copper events. Veins sampled in this area have returned strongly elevated copper, lead, zinc, and molybdenum along with silver (see map below).

Silver One is in the process of initiating a property wide airborne (drone) magnetometer survey, similar to the ones completed at both its Cherokee and Candelaria projects which were successful in outlining potential structural and lithological hosts to mineralized systems. All of the above described surveys may be expanded should new targets be identified though our exploration efforts.

Ongoing work undertaken since March 2020 consists of prospecting, geological mapping and sampling, a self-potential geophysical survey, and a soil geochemisty survey along a 1.1 km east-west by 300m north-south grid covering the area in the vicinity of the 417 vein. A total of 1,279 soil samples were collected. To date, company geologists have identified five vein systems (including the 417 Vein and the Mexican Mine Vein) in the northern portion of the property and 6 silver rich polymetallic veins in the southern portion of the property.

Exposed quartz-carbonate veins in the northern part of the property vary from a few centimeters to over 1 m in width and can be traced for several hundred meters along strike. Select surface sampling from these veins have returned silver values ranging from background of over 650 gm/t silver (see map below). Veins in the southern portion of the property are generally high in base metal content and may be representative of porphyry related mineralization at depth. Rock samples collected from these veins ranged from background to 2,550 gm/t silver, 11.5% zinc, 12.89% lead and 1.58% copper. Veins of this type were mined at the historic Silver King and Silver Queen Mines and occur above and peripheral to nearby porphyry copper deposits at Superior Arizona, 50 km southwest of Globe, Arizona (Haak, W.A., 1991, History of Mining in Arizona, V2, Tucson Mining Club of the Southwest, pp 31-35).

The Phoenix Silver Project is highly prospective for high-grade native silver bearing veins, precious metal bearing polymetallic veins, as well as potential for porphyry related copper and precious metal mineralization at depth.

[stu31] 25/9/2020 20:33

Silver One Closes Oversubscribed Financing of $9.5 Million
Eric Sprott Increases Ownership in Silver One
July 16, 2020

Vancouver, British Columbia–(July 16, 2020) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) (“Silver One”) is pleased to announce that it has closed its previously announced private placement financing by issuing 21,111,111 units (“Units”) at a price of $0.45 per Unit for gross proceeds of $9.5 million (the “FinancingR21;).

Greg Crowe, President and CEO commented: “This is the third time Eric Sprott has taken a position in the company. We are very appreciative of his ongoing support. With a treasury of over C$ 14 million, Silver One is very well positioned to advance its 3 high-priority silver projects in Nevada and Arizona. Exploration programs are being planned and should commence in the coming weeks.”

Each Unit is comprised of one common 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 $0.65 per share for a period of three (3) years from the date of issue.

All securities issued in connection with the Financing will be subject to restrictions on resale until November 15, 2020. The Company paid finders a fee of $67,730.28 and 125,660 finders warrants.

Proceeds of the financing will be used for ongoing exploration and drilling activities at the Candelaria Silver Project, additional exploration activities to further define the high-grade silver-gold-copper vein systems at the Company’s Cherokee Project and to explore for very high-grade silver targets at the recently acquired Phoenix Silver project. It will also be used for potential silver focused acquisitions and for working capital purposes.

Eric Sprott Increases Ownership

Mr. Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 11,111,111 Common Shares of Silver One and 5,555,556 Warrants (which terms restrict the holder acquiring 20% or more of the Common Shares without obtaining certain approvals of the TSX Venture Exchange) pursuant to the Financing for total consideration of $5,000,000. Prior to the Financing, Mr. Sprott beneficially owned or controlled 22,000,000 Common Shares of Silver One and 11,000,000 share purchase warrants. As a result of the Financing, Mr. Sprott beneficially owns or controls 31,111,111 Common Shares and 16,555,556 Warrants of the Company representing approximately 16.97% of the issued and outstanding Common Shares of Silver One on a non-diluted basis and approximately 23.46% of the issued and outstanding Common Shares of Silver One on a partially diluted basis assuming the exercise of the warrants.

The Units were acquired by Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Silver One including on the open market or through private acquisitions or sell securities of Silver One including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

A copy of Sprott’s early warning report will appear on Silver One’s profile on SEDAR and may also be obtained by calling [phone] (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J2)

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 an option to acquire a 100%-interest in its flagship project, the past-producing Candelaria Silver Mine, Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria is being investigated. Additional opportunities lie in previously identified high-grade silver intercepts down-dip and the possibility of 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 12 km along-strike. The property also has potential for limestone related polymetallic plus silver and gold and/or other intrusive related systems at depth.

Silver One holds an option to acquire 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.

In addition, the Company also holds a 100% interest in three significant silver assets located in Mexico – Peñasco Quemado, Sonora; La Frazada, Nayarit; and Pluton, Durango.

For more information, please contact:

Silver One Resources Inc.
Gary Lindsey
Phone: [phone]
Email: [e-mail]

[stu31] 25/9/2020 20:31

244.5m shares in issue (11/23). 275.7m FD. Market Cap C$37m (£22m) at 15c
Cash C$2.7m (7/23) P C$5m 21c (4/23)
Sprott 17% Management 3.5%

website:

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. The Company is currently conducting metallurgical tests to determine the best methods for and potential recoveries of silver from the historic leach pads. Since 2020, Silver One has completed over 25,000 metres of drilling on the Candelaria project with the goals of updating the sizeable historic resource to current and to test the potential for a down-dip high-grade zone of silver mineralization as indicated in previous drilling completed by Silver Standard in 2001. Additional opportunities lie in 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 12 km along-strike.

Silver One holds 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.


Historical Resource Estimate – Candelaria Project, Nevada
M&I 46.6m AgEq @3.42optAgEq
INF 36.6 AgEq @ 2optAgEq

[aberloon2] 22/9/2020 11:57

GGP has actually brought this stock to my attention, however, the other companies aren't too shabby either so on a risk reward with multiple interests for minimal outlay it ticks my box.

[srpactive] 22/9/2020 08:32

I do not actually want this but if large buyers want a ggp
stake, but cannot get it, they could buy sve for double the
figure it is now and the price would be approximately what
ggp are valued at per share, if you get me.

dyor

[zedder] 21/9/2020 15:43

Still no sign of my 2 trades. I thought LSE rules were that reporting could be delayed 2 hours max?

[spbcscw] 21/9/2020 11:48

Yep ... just appeared.

[zedder] 21/9/2020 11:39

Is that your one - 100k at 21.15p?

My sell was at 0848 (so where is that I wonder) and the buy at 1005.

Luckily mine and my wife's shares have been in our ISAs the whole time!

[spbcscw] 21/9/2020 10:52

You're not going to believe this but I also sold 100,000 earlier this morning as I shuffle accounts, ISAs etc but the trade hasn't appeared for over an hour.

[zedder] 21/9/2020 10:11

Bit of a day trade for me today. Sold 100k at 22.05p earlier and just bought them back at 21.68p.

Couldn't resist the sell as on my SVE spreadsheet I have an entry that is a 100k buy at 1.99p on 20th November 2018 and then todays temporary sale, which after costs gave a 1004.4% gain!

[srpactive] 21/9/2020 08:32

Bought more here earlier at 19.95p, very pleased indeed.

Will continue to buy when I get my hgm funds, which I feel
will be quite soon.

dyor

active

[plasybryn] 21/9/2020 08:24

Sorry. You are of course correct.

[rose_by_another_name] 21/9/2020 08:19

Is that not 0.27p?

[plasybryn] 21/9/2020 07:48

ALBA have announced a Placing at 27p today. Probably very good news in the medium term but will reduce our NAV slightly short term.