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Silver One Resources Inc. (SLVRF) is a mining company focused on the exploration and development of quality silver projects. The company owns the past-producing Candelaria Mine in Nevada, where potential reprocessing of silver from historic leach pads offers near-term production opportunities. With additional unmined historic resources and high-grade silver intercepts, Silver One aims to increase silver mineralization along-strike from past-producing open pits. The company also holds interests in the Cherokee project in Nevada and the Silver Phoenix Project in Arizona.
Silver One Resources Inc. has secured a drilling permit from the US Forest Service for its Phoenix Silver Project in Arizona. The project includes a notable target area featuring a 417-pound native silver-rich vein fragment estimated to contain up to 70% native silver. Previous assays on smaller fragments revealed silver concentrations of 459,000 g/t (14,688 oz/ton). The drilling program will consist of up to 40 diamond drill holes from 13 pads, targeting the 417 area due to its potential as a significant source of high-grade silver. Drilling is expected to begin in H1 2023, marking an exciting phase for Silver One as it explores this underdeveloped property.