SILVER ONE'S ZTEM AIRBORNE GEOPHYSICAL SURVEY OUTLINES POTENTIAL PORPHYRY COPPER AND ADDITIONAL SILVER EXPLORATION TARGETS AT PHOENIX SILVER, ARIZONA. NEW CLAIMS STAKED
Silver One Resources (SLVRF) has announced significant findings from its ZTEM airborne geophysical survey at the Phoenix Silver Project near Globe, Arizona. The survey identified two priority copper targets and five priority silver targets recommended for further exploration.
The copper targets show characteristics of porphyry copper deposits, with geophysical features similar to BHP's Ocelot copper deposit. The project area lies within a prolific copper belt that includes major operations from Freeport McMoRan, Capstone Copper, KGHM, and Rio Tinto-BHP.
Four of the five silver targets are located outside the previously drilled 417 area. A sixth silver target was identified north of the 417 area, marked by 40+ silver nuggets weighing up to 9.5 kilograms each, with estimated silver content exceeding 20%.
The company has staked additional claims in the southwest part of the property to cover the Defiance geophysical and geochemical target. The ZTEM survey revealed conductive zones potentially related to copper sulfides at relatively shallow depths of 500 meters, sharing similarities with BHP/Rio Tinto's Resolution copper deposit.
Silver One Resources (SLVRF) ha annunciato risultati significativi dal suo sondaggio geofisico aereo ZTEM presso il Phoenix Silver Project vicino a Globe, in Arizona. L'indagine ha identificato due obiettivi prioritari per il rame e cinque obiettivi prioritari per l'argento raccomandati per ulteriori esplorazioni.
Gli obiettivi di rame mostrano caratteristiche di depositi di rame porfirico, con caratteristiche geofisiche simili a quelle del deposito di rame Ocelot di BHP. L'area del progetto si trova all'interno di una cintura di rame prolifica che include importanti operazioni di Freeport McMoRan, Capstone Copper, KGHM e Rio Tinto-BHP.
Quattro dei cinque obiettivi per l'argento si trovano al di fuori dell'area 417, precedentemente perforata. Un sesto obiettivo per l'argento è stato identificato a nord dell'area 417, contrassegnato da oltre 40 pepite d'argento del peso fino a 9,5 chilogrammi ciascuna, con un contenuto stimato di argento superiore al 20%.
L'azienda ha registrato ulteriori richieste nella parte sud-ovest della proprietà per coprire l'obiettivo geofisico e geochimico Defiance. Il sondaggio ZTEM ha rivelato zone conduttive potenzialmente correlate ai solfuri di rame a profondità relativamente superficiali di 500 metri, condividendo somiglianze con il deposito di rame Resolution di BHP/Rio Tinto.
Silver One Resources (SLVRF) ha anunciado hallazgos significativos de su encuesta geofísica aérea ZTEM en el Phoenix Silver Project cerca de Globe, Arizona. La encuesta identificó dos objetivos prioritarios de cobre y cinco objetivos prioritarios de plata recomendados para una mayor exploración.
Los objetivos de cobre muestran características de depósitos de cobre porfirítico, con características geofísicas similares al depósito de cobre Ocelot de BHP. El área del proyecto se encuentra dentro de un cinturón de cobre prolífico que incluye operaciones importantes de Freeport McMoRan, Capstone Copper, KGHM y Rio Tinto-BHP.
Cuatro de los cinco objetivos de plata están ubicados fuera del área 417, que fue perforada anteriormente. Se identificó un sexto objetivo de plata al norte del área 417, marcado por más de 40 pepitas de plata que pesan hasta 9.5 kilogramos cada una, con un contenido estimado de plata que excede el 20%.
La empresa ha registrado reclamaciones adicionales en la parte suroeste de la propiedad para cubrir el objetivo geofísico y geoquímico Defiance. La encuesta ZTEM reveló zonas conductivas potencialmente relacionadas con sulfuros de cobre a profundidades relativamente superficiales de 500 metros, compartiendo similitudes con el depósito de cobre Resolution de BHP/Rio Tinto.
Silver One Resources (SLVRF)는 애리조나 글로브 근처의 피닉스 실버 프로젝트에서 ZTEM 공중 지구물리학 조사 결과를 발표했습니다. 이 조사는 추가 탐사를 권장하는 두 개의 우선 구리 목표와 다섯 개의 우선 은 목표를 확인했습니다.
구리 목표는 BHP의 오셀롯 구리 매장지와 유사한 지구물리학적 특성을 가진 구리 포르피리 매장지의 특성을 보입니다. 프로젝트 지역은 Freeport McMoRan, Capstone Copper, KGHM 및 Rio Tinto-BHP의 주요 운영이 포함된 풍부한 구리 벨트 내에 위치하고 있습니다.
다섯 개의 은 목표 중 네 개는 이전에 시추된 417 지역 외부에 위치해 있습니다. 여섯 번째 은 목표는 417 지역 북쪽에서 확인되었으며, 각각 최대 9.5킬로그램의 무게를 가진 40개 이상의 은 조각으로 표시되어 있으며, 추정된 은 함량은 20%를 초과합니다.
회사는 Defiance 지구물리학 및 지구화학 목표를 포괄하기 위해 재산의 남서쪽 부분에 추가 청구를 등록했습니다. ZTEM 조사는 BHP/Rio Tinto의 Resolution 구리 매장지와 유사한 500미터의 비교적 얕은 깊이에 구리 황화물과 관련된 전도성 구역을 밝혀냈습니다.
Silver One Resources (SLVRF) a annoncé des résultats significatifs de son enquête géophysique aérienne ZTEM au projet Phoenix Silver près de Globe, en Arizona. L'enquête a identifié deux cibles prioritaires pour le cuivre et cinq cibles prioritaires pour l'argent recommandées pour une exploration supplémentaire.
Les cibles de cuivre présentent des caractéristiques de dépôts de cuivre porphyrique, avec des caractéristiques géophysiques similaires à celles du dépôt de cuivre Ocelot de BHP. La zone du projet se situe dans une ceinture de cuivre prolifique qui comprend des opérations majeures de Freeport McMoRan, Capstone Copper, KGHM et Rio Tinto-BHP.
Quatre des cinq cibles argentées sont situées en dehors de la zone 417, précédemment forée. Une sixième cible argentée a été identifiée au nord de la zone 417, marquée par plus de 40 pépites d'argent pesant jusqu'à 9,5 kilogrammes chacune, avec un contenu estimé en argent dépassant 20%.
L'entreprise a enregistré des demandes supplémentaires dans la partie sud-ouest de la propriété pour couvrir l'objectif géophysique et géochimique Defiance. L'enquête ZTEM a révélé des zones conductrices potentiellement liées aux sulfures de cuivre à des profondeurs relativement peu profondes de 500 mètres, partageant des similitudes avec le dépôt de cuivre Resolution de BHP/Rio Tinto.
Silver One Resources (SLVRF) hat bedeutende Ergebnisse aus seiner ZTEM-Luftgeophysik-Umfrage im Phoenix Silver Project nahe Globe, Arizona, bekannt gegeben. Die Umfrage identifizierte zwei priorisierte Kupferziele und fünf priorisierte Silberziele, die für weitere Erkundungen empfohlen werden.
Die Kupferziele zeigen Merkmale von Porphyrkupferlagerstätten, mit geophysikalischen Eigenschaften, die dem Kupferlager Ocelot von BHP ähnlich sind. Das Projektgebiet liegt innerhalb eines produktiven Kupfergürtels, der große Betriebe von Freeport McMoRan, Capstone Copper, KGHM und Rio Tinto-BHP umfasst.
Vier der fünf Silberziele befinden sich außerhalb des zuvor bohrten Bereichs 417. Ein sechstes Silberziel wurde nördlich des Bereichs 417 identifiziert, gekennzeichnet durch über 40 Silbernuggets, die jeweils bis zu 9,5 Kilogramm wiegen, mit einem geschätzten Silbergehalt von über 20%.
Das Unternehmen hat zusätzliche Ansprüche im südwestlichen Teil des Grundstücks angemeldet, um das geophysikalische und geochemische Ziel Defiance abzudecken. Die ZTEM-Umfrage hat leitfähige Zonen aufgedeckt, die möglicherweise mit Kupfersulfiden in relativ geringen Tiefen von 500 Metern verbunden sind und Ähnlichkeiten mit dem Kupferlager Resolution von BHP/Rio Tinto aufweisen.
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The copper targets in the project (Figures 3 and 4) have geophysical, geochemical and geological features characteristic of porphyry copper deposits. The project area has a regional setting similar to BHP's Ocelot copper deposit located 5 kilometers to the southwest of Silver One's property. All occur within a prolific belt of copper producers including Freeport McMoRan's Copper Cities and Miami-Inspiration mining complex, Capstone Copper's Pinto Valley Mine, KGHM's Carlota Mine and Rio Tinto – BHP's Resolution deposit.
Four of the five silver targets identified by the ZTEM are outside the area hosting the large silver vein fragments that was drilled in the 2024 exploration program (417 area). Additionally, company geologists have identified a sixth silver target, outside the ZTEM targets, to the north of the 417 area (See Figure 2). It is defined by a train of numerous (40+) silver nuggets, weighing between a few grams to 9.5 kilograms (20.9 lb), each estimated to contain over
Additional claims were staked on the southwest part of the property to completely cover the Defiance geophysical and geochemical Target (see Figures 2 and 5), these claims abut BHP's claims to the south.
Greg Crowe, Silver One's President, CEO and Director, commented, "The ZTEM has been successful in identifying several anomalies at its Phoenix Silver project. This includes several silver targets, and two priority conductive areas interpreted as disseminated sulfide mineralization potentially related to an underlying porphyry system. We are enthusiastic about all these targets. However, the two potential porphyry related conductive zones are particularly attractive as they are interpreted to be relatively shallow (500 meters to centre of anomaly (Figure 4) and are geophysically similar to the conductive anomaly of BHP/Rio Tinto's Resolution copper deposit. Multiple select samples collected in the vicinity of these two ZTEM anomalies contain highly anomalous copper and silver values (see company's news releases of December 18, 2023, May 15, 2024 and June 6, 2024, and Figure 5) and are hosted in polymetallic veins and alteration zones in the southern part of the property. Silver Phoenix lies at the northeastern margin of a 50+ km long porphyry belt that projects northeastwards beneath Silver One's property. Several mines and/or prospects occur along this belt, such as Freeport McMoRan's Miami-Inspiration mining complex, BHP's Ocelot porphyry discovery, Rio Tinto and BHP's Resolution deposit and others (see Figure 1). The proximity to major copper producers and exploration porphyry targets along with excellent prospectivity defined by both geophysics and surface copper and silver samples, makes this project a high priority porphyry exploration target. Additional silver anomalies add to the already overall exploration potential of Phoenix Silver."
Figure 1: Phoenix Silver location map showing copper belts of the
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Figure 2. Silver targets (PS1 to PS5 and Nuggets North) over the ZTEM3D -300 m resistivity depth slice. Dashed black circles show the priority porphyry targets (Defiance and Quartz Ridge "QR") for reference. Copper values shown are from select rock samples.
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Porphyry Copper Targets
The priority copper exploration targets consist of: 1) near circular magnetic anomalies defined by relative magnetic lows surrounded by relatively high magnetization halos and: 2) resistivity lows near the center of sub-circular shaped magnetic anomalies. Priority copper targets, named Defiance and Quartz Ridge ("QR") in Figure 3 and respective sections are in Figure 4.
Resistivity lows can occur where increased concentrations of conductive metals in the geological formations provide less resistance to electromagnetic fields. Other significant attributes include magnetic lows due to magnetite destruction, often caused by hydrothermal alteration or due to the low magnetite content of syn-genetic Laramide intrusions that are often associated with many of the porphyry deposits in
Figure 3: Left. 3D Magnetic Vector Inversion (MVI Amplitude) 300 meter depth. Note copper targets in black dashed line defined by a magnetic low surrounded by a relatively high magnetic halo. Right. 3D-ZTEM resistivity inversion 500 meters depth: the red and light-red ovals within the magnetic lows represent conductive zones potentially associated to copper sulfides. Defiance and QR targets are 4 and 8 square kilometers in size, respectively. North-South sections on these porphyry targets are shown in Figure 4.
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Figure 4: Left. ZTEM3D resistivity section of L1050 over the Defiance porphyry target. Right. ZTEM3D resistivity section of L1240 over the QR porphyry target. Both sections are looking west, showing the approximate depth to the center and lateral size of the conductor. See figure above for sections location.
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Figure 5. Rock geochemistry map showing silver and copper values. Assays of select copper samples are highlighted by the corresponding labels. The blue polygon shows the new claims staked in the southwest part of the property.
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Previous exploration work at Phoenix Silver, including geologic mapping, sampling, and drone-borne magnetometry, has identified features possibly associated with the tops of porphyry copper systems. These include felsic dikes, mineralized polymetallic (silver-copper-lead-zinc) veins, alteration zones, and structures that occur proximal to the ZTEM anomalies (see Figure 6).
Felsic dikes are interpreted to be possibly connected to intrusions at depth, which may be related to potential mineralization sources. Vein mineralization discovered in various parts of the property is interpreted as leakage into outcropping rocks and can be a surface manifestation of deeper porphyry systems. Multiple select samples collected in the property returned highly anomalous values, some exceeding
Prospective northeast lineaments are identified by the ZTEM data across the property, notably those traversing the Defiance and QR priority targets (see Figure 6). These lineaments are important as they are aligned with the regional, northeast-oriented, deep-seated structures that control the mineralization of porphyry deposits along the
Figure 6: Left. Total magnetic intensity map showing additional copper targets. Red shaded areas are magnetic highs interpreted as potential intrusive rocks at depth. Right. 2D ZTEM resistivity inversion 600 m depth showing northeast oriented lineaments which are part of the northeast extension of the
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Additional porphyry targets were identified with the 2D inversion of the drone-borne magnetic data (see Figure 6 (left), and company's news releases of May 15 and June 6, 2024). Targets DB1, DB3 and DB6 are located peripheral to the ZTEM priority targets. Target DB4 underlies the 417 area where numerous silver fragments, including a 417 pound fragment, were found. Target DB5 is in the northern part of the property under thick alluvial cover. These targets are interpreted to be at a depth of six hundred meters.
Silver Targets
Five priority silver targets were identified using Geotech's S3 targeting algorithm (see PS1 to PS5 target locations in Figure 2). The algorithm combines the analysis of: 1) structural data (known and inferred faults/contacts and magnetic ridges); 2) self organizing map (SOM), which includes ZTEM3D inversion resistivity data, and products derived from the structural analysis and; 3) Supervised Deep Neural Network (SDNN), which focuses on mine sites and major showings that altogether produce predictive probabilities in the selection of targets.
All the targets identified are located in resistive zones either surrounded or flanked by conductive zones or trends that are interpreted to occur within three hundred meters from the surface. None of these areas have been mapped or sampled in detail and will require further exploration.
Except for the target labeled PS1 on Figure 2, all the silver targets identified by the ZTEM are outside the 417 area hosting the large silver vein fragments that was drilled in the 2024 drill program. Company geologists have also identified a more northerly area of silver nuggets called "Nuggets North" (see Figure 2). This zone is defined by a kilometer-long train of numerous (40+) silver nuggets ranging in size from one centimeter to 20 centimeters and weighing from a few grams up to 9.5 kilograms. This represents a high-priority exploration target.
Phoenix Silver is an exceptional exploration property. Not only does it host multiple silver exploration targets, but it is also marginal to and along the trend of a major porphyry copper-silver belt. It also has numerous promising geophysical and geochemical targets identified within its property boundaries.
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
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
What did Silver One's ZTEM survey reveal at Phoenix Silver Project?
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