Silver America Inc. is now one of the newest companies being traded publicly, having just officially begun trading on the NASDAQ OTC Bulletin Board. The company also just launched its official corporate website, Silver-America.com.
Silver America is a precious metals exploration company, focused on the aggressive acquisition and exploration of holdings with rich potential for silver and gold production. The company has already developed a promising portfolio of properties in the U.S. and Mexico, including the following:
Keeno Strike Property (Clark County, Nevada) – Located 30 miles southwest of Las Vegas, in a mining district that has produced significant quantities of both gold and silver, and which also contains deposits of copper, cobalt, nickel, zinc, and lead, the property covers 245 acres of the historic Monte Cristo mine and Keeno-mint prospect. Exploratory work will consist of testing a potential for 1.1 million ounces of gold, and 69 million ounces of silver.
Guadalupe Property (Zacatecas State, Mexico) – Located in central Mexico, in one of Mexico’s oldest mining districts, just a few miles north of the world’s richest underground silver mines, this property contains two historic mines. The Juanicipio Joint Venture, held by MAG Silver Corp. and Fresnillo plc., is only 6.8 miles to the southwest, and has an indicated resource average grade of 879 g/t of silver, which is roughly twice the grade of Fresnillo’s other producing mines in the region, making the project’s Valdecañas Vein one of the world’s highest grade undeveloped silver resources.
The demand for silver has grown steadily, fueled by increased electronics consumption and new markets, including RFID, solar, medical, and food hygiene applications. In addition, there is pressure from emerging economies, such as China and India. There is also a growing interest in silver from investors, especially via ETFs (Exchange Traded Funds). Gold demand also remains strong, as an investment asset, and for its traditional uses in jewelry, electronics, and dental applications.
President of Silver America, Johannes Petersen, stated the following, “We’re tremendously excited to be out of the gate. With positive market forecasts for silver and gold, and growing demand from established market uses and ETF investments, we’ve chosen the perfect time to enter the precious metals industry. Of course, our work has just begun. But with continued acquisitions, and through strategic exploration, our every expectation is one of becoming a significant producer of silver and gold to meet America’s demand.”
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