Silver One’s aim is to become a premiere Mexican focused silver exploration and development company. The Company has acquired a 100% interest in three significant silver assets from First Mining Finance (TSX-V: FF). Through this transaction First Mining owns 7.2% of the issued and outstanding shares of Silver One.
The three properties in Mexico include: Peñasco Quemado in the State of Sonora, La Frazada in the State of Nayarit, and Pluton in the State of Durango. Peñasco Quemado and La Frazada have historical resource estimates while Pluton hosts significant exploration potential. The company is planning an aggressive exploration program to update the historic resource estimates and explore the high grade target on the Pluton project.