SILVER ONE COMMENCES DRILLING AT ITS HIGH-GRADE PHOENIX SILVER PROJECT, ARIZONA
Silver One Resources has commenced drilling at its Phoenix Silver Project near Globe, Arizona. The program involves 2,500 meters of core drilling across up to 40 holes, targeting high-grade silver vein fragments, including a notable 417-pound fragment containing up to 70% native silver. Previous samples from the site have assayed up to 459,000 g/t silver. The drilling aims to explore the 417 Target Area, identified through various surveys and mapping. The project is promising, with multiple high-grade silver fragments found at shallow depths, suggesting proximity to the source. The current permit covers the 417 Target Area, but less than 50% of the property has been prospected, indicating potential for further discoveries.
Silver One Resources ha iniziato le perforazioni presso il suo Phoenix Silver Project vicino a Globe, Arizona. Il programma prevede 2.500 metri di perforazione a carotaggio attraverso fino a 40 fori, mirati a frammenti di vena d'argento di alta qualità, incluso un notevole frammento di 417 libbre contenente fino al 70% di argento nativo. I campioni precedenti del sito hanno mostrato contenuti fino a 459.000 g/t di argento. Le perforazioni mirano ad esplorare l'Area Target 417, identificata attraverso vari sondaggi e mappature. Il progetto è promettente, con molteplici frammenti di argento di alta qualità trovati a profondità superficiali, suggerendo la prossimità alla fonte. Il permesso attuale copre l'Area Target 417, ma meno del 50% della proprietà è stato sondato, indicando un potenziale per ulteriori scoperte.
Silver One Resources ha comenzado a perforar en su Phoenix Silver Project cerca de Globe, Arizona. El programa implica 2.500 metros de perforación de núcleo en hasta 40 pozos, centrados en fragmentos de vena de plata de alta ley, incluyendo un notable fragmento de 417 libras que contiene hasta el 70% de plata nativa. Las muestras anteriores del sitio han arrojado hasta 459.000 g/t de plata. La perforación tiene como objetivo explorar el Área Objetivo 417, identificada a través de diversas encuestas y mapas. El proyecto es prometedor, con múltiples fragmentos de plata de alta ley encontrados a profundidades poco profundas, lo que sugiere proximidad a la fuente. El permiso actual cubre el Área Objetivo 417, pero menos del 50% de la propiedad ha sido prospectada, lo que indica un potencial para más descubrimientos.
Silver One Resources는 애리조나주 글로브 근처의 Phoenix Silver Project에서 굴착 작업을 시작했습니다. 이 프로그램은 최대 40개의 구멍에 걸쳐 2,500미터의 코어 드릴링을 포함하며, 고품질의 은 광맥 조각을 목표로 하고 있습니다. 특히 70%의 금속 은을 포함한 417파운드의 주목할 만한 조각이 발견되었습니다. 현장에서의 이전 샘플은 최대 459,000g/t의 은 함량을 기록했습니다. 이번 굴착은 다양한 조사와 지도를 통해 확인된 417 타겟 지역을 탐사하는 것을 목표로 하고 있습니다. 프로젝트는 매우 기대되는 상황이며, 얕은 깊이에서 고품질 은 조각이 다수 발견되어 공급원과의 근접성을 시사합니다. 현재 허가는 417 타겟 지역을 커버하고 있으나, 재산의 50% 미만만 탐사된 상태로, 추가 발견의 잠재력이 있음을 나타냅니다.
Silver One Resources a commencé les forages sur son Phoenix Silver Project près de Globe, en Arizona. Le programme implique 2 500 mètres de forage carotté à travers jusqu'à 40 trous, ciblant des fragments de veine d'argent de haute qualité, y compris un fragment notable de 417 livres contenant jusqu'à 70 % d'argent natif. Les échantillons précédents du site ont révélé jusqu'à 459 000 g/t d'argent. Le forage vise à explorer la zone cible 417, identifiée par divers sondages et cartographies. Le projet est prometteur, avec plusieurs fragments d'argent de haute qualité trouvés à des profondeurs peu importantes, suggérant une proximité à la source. Le permis actuel couvre la zone cible 417, mais moins de 50 % de la propriété a été prospectée, indiquant un potentiel pour d'autres découvertes.
Silver One Resources hat mit den Bohrungen bei seinem Phoenix Silver Project in der Nähe von Globe, Arizona, begonnen. Das Programm umfasst 2.500 Meter Kernbohrungen in bis zu 40 Löchern, die auf hochgradige Silberader-Fragmente abzielen, einschließlich eines bemerkenswerten Fragmente von 417 Pfund, das bis zu 70% natives Silber enthält. Frühere Proben von der Stelle haben bis zu 459.000 g/t Silber ermittelt. Die Bohrungen zielen darauf ab, das 417 Target Area zu erkunden, das durch verschiedene Umfragen und Kartierungen identifiziert wurde. Das Projektverspricht viel, da zahlreiche hochgradige Silberfragmente in geringen Tiefen gefunden wurden, was auf die Nähe zur Quelle hindeutet. Die aktuelle Genehmigung umfasst das 417 Target Area, aber weniger als 50% des Grundstücks wurden prospektiert, was auf Potenzial für weitere Entdeckungen hinweist.
- Commencement of drilling at Phoenix Silver Project.
- Targeting high-grade silver vein fragments, including a 417-pound fragment with up to 70% native silver.
- Previous samples assayed up to 459,000 g/t silver.
- 2,500 meters of core drilling across up to 40 holes.
- Multiple high-grade silver fragments found at shallow depths.
- None.
DRILL TARGETS INCLUDE VEIN STRUCTURES THAT ARE POTENTIAL SOURCE OF MULTIPLE VEIN FRAGMENTS INCLUDING A 417 POUND NATIVE SILVER-RICH VEIN FRAGMENT
The main drill target is the 417 Target Area which includes the potential source of very high-grade silver vein fragments located around the 417
Greg Crowe, Silver One's President, CEO and Director, commented, "We are very excited to initiate the inaugural drilling program at this exceptional project. The property has never been drilled but the outlook is promising as evidenced by the abundance and nature of the very high-grade silver fragments found around the drilling area. The angular and unabraded nature to the fragments that have been discovered at shallow depths under the cover soil suggests this material has not traveled far from its suspected source. The best drill targets identified to date are just upslope from where the 417 pound fragment was uncovered and are coincidental with the location of geophysical and geochemical anomalies. "
Program Details and Background
The drilling program consists of 2,500 metres including up to 40 diamond drill holes off 13 different drill pads (Figure 1). Seven priority silver and polymetallic targets have been delineated to date using a drone-mounted magnetic survey and via geological mapping conducted in selected areas of the property (Figure 3). Rock sampling, soil geochemistry and geophysical surveys (self-potential – an electrical surveying method used in mineral exploration) conducted over selected areas have also delineated anomalies that coincide with exploration targets and highlight the importance of the 417 silver fragment target and Mexican Mine areas (See July 28, 2020 and January 11, 2021 news releases).
The current drill permit encompasses only the 417 Target area (Figure 1 and 3). This target includes part of the 417 vein as well as several other vein-structures. This area is considered the top priority given that it is the potential source of most of the large silver fragments found on the property to date. It is worth noting however, that although evidence of silver mineralization has been identified elsewhere in the property, less than
Figure 1 – Map of the 417 Vein Target Area showing outcropping veins and permitted drill pad locations.
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Figure 2 (a) and (b) – a) 417 pound vein fragment containing estimated
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Figure 3 – Map of the Phoenix Silver property, showing main veins and targets. Much of the north half of the property is covered by Tertiary and Quaternary gravel and alluvium and has not been mapped in detail. Target # 1 (or 417 Target Area) encompasses the 417 lb silver fragment, multiple veins (see figure 1) and the permitted area for drilling. Targets south of the 417 area, include polymetallic veins as well as alteration zones potentially associated with porphyry-style mineralization.
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Qualified Person
The technical content of this news release has been reviewed and approved by Robert M. Cann, P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company.
About Silver One
Silver One is focused on the exploration and development of quality silver projects. The Company holds a
The Company owns 636 lode claims and five patented claims on its Cherokee project located in
Silver One also owns a
For more information, please contact:
Silver One Resources Inc.
Gary Lindsey - VP, Investor Relations
Phone: 604-974–5274
Mobile : (720) 273-6224
Email : gary@strata-star.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silver One's control. Such factors include, among other things: risks and uncertainties relating to Silver One's limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on the Candelaria Project, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no obligation to publicly update or revise forward-looking information.
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FAQ
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