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Be the first with the news that moves the market- Silver One Resources (SVE) has launched an exploration program at its wholly owned Cherokee Project in eastern Nevada, USA
- The program is expected to take 90 days to complete, and will target new areas of alteration and veining that were discovered in a program earlier this year
- Mapping and sampling of these areas will also be undertaken in the Garden Mountain, Viola and Blue Nose areas
- Additional sampling will also be carried out at the Johnnie and Hidden Treasure regions
- Silver One Resources (SVE) is currently down 1.27 per cent and is trading at C$0.78 per share
Silver One Resources (SVE) has launched an exploration program at its wholly owned Cherokee Project in Nevada, USA.
Located in Lincoln County, the project hosts a number of north-west trending, epithermal style silver-copper-gold vein systems that have so far been traced for more than 12 kilometres along strike.
The company identified several new areas of alteration and veining as part of a separate exploration program completed earlier this year. Silver One intends to carry out further mapping and sampling work on these prospective high-grade vein systems, focusing on the Garden Mountain, Viola and Blue Nose areas.
Previous results from this region include values as high as 953 grams per tonne of silver and 4.8 per cent copper.
In addition, sampling will be undertaken at the Johnnie and Hidden Treasure areas in an effort to upgrade these systems to potential drill targets. According to a number of news releases issued in 2018 and 2019, samples that were collected at Hidden Treasure returned up to 1,800 grams per tonne of silver and 2 grams per tonne of gold.
The results of the current program are expected to assist in delineating high-priority targets for a drill program in the fourth quarter of this year.
Greg Crowe, President and CEO of Silver One Resources, noted that several styles of mineralisation have been recognised 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.
“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,” he said.
Silver One Resources (SVE) is currently down 1.27 per cent and is trading at C$0.78 per share at 2:43pm EDT.
