Another example was illustrated Wednesday of the wisdom of throwing in one company’s lot with another, in order to get stronger.
Vancouver-based Silver One Resources Inc. (TSX-Venture:SVE) raises eyebrows and stocks prices, by telling investors it’s forged an agreement to acquire an 100% interest in a very high-grade native silver prospect in Arizona.
Phoenix Silver lies within the "Arizona Silver Belt", immediately adjacent to the prolific copper producing area of Globe, Arizona. Multiple surface vein fragments, interpreted to have been transported short distances downslope from partially exposed vein structures, have been found in numerous areas throughout the property.
One of the larger fragments, tipping the scales at 417 pounds, was a native silver vein fragment in which a specific gravity test indicates high-grade silver. No assay was performed due to the desire to preserve the specimen nature of this sample. The grab sample is a selected sample and is not necessarily representative of the mineralization hosted on the property.
SVE had some bounce its step on small-cap markets, gaining two cents, or 6.3%, to 34 cents, on volume of 110,000 shares
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