It’s considerably easier Tuesday than in days past to smile over the state of our economy and financial markets, what with those markets at least headed in the right direction.
But, before these good tidings took effect, Vancouver-based Silver One Resources Inc. (TSX-Venture:SVE) provided a corporate and exploration update on its activities going forward into 2020-21.
Among other things, SVE recently completed its drilling program at Candelaria, Nevada and has undertaken an IP geophysical survey over targets to the northwest of the historic open pits. It has also initiated a surface mapping and soil geochemical survey on our newly acquired Phoenix Silver, very high-grade silver prospect in Arizona.
CEO Greg Crowe comments, "With the steady advance of COVID19 and the associated uncertainty in the markets, Silver One management wishes to assure shareholders that the Company is well positioned to weather what we hope is a short lived event.
“With over $6 million in its treasury, the company is prudently managing its exploration and other costs throughout 2020 and into 2021. In the coming weeks, we will report on results from our recently completed drill program at Candelaria, once all analytical results have been received and compiled. We will also be reporting on our Cherokee project results from exploration completed in 2019.”
The good vibes filtered into Tuesday’s stock price, which advanced four cents, or 16.7%, to 28 cents, on volume of 664,000 shares.