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Drilling Confirms Down-dip Continuation of Silver Mineralization and High-grade Zone Below Existing Pit Limits at Candelaria, Nevada
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2020) -  Silver One Resources Inc...
About this update from Silver One Resources Inc.
[{"type":"text","content":"Drilling Confirms Down-dip Continuation of Silver Mineralization and High-grade Zone Below Existing Pit Limits at Candelaria, NevadaVancouver, British Columbia--(Newsfile Corp. - March 2, 2020) -  Silver One Resources Inc. (TSXV: SVE) (OTCQB: SLVRF) (FSE: BRK1) \"Silver One\" or the \"Company\") is pleased to report initial results of the ongoing diamond drill program at its Candelaria project, Nevada. Drilling completed to date consists of a total of 2,295 meters drilled in 7 holes. Assays of 5 holes received have confirmed high-grade silver mineralization below and north of the Mount Diablo pit limits and the down-dip continuation of the mineralization north of the Mount Diablo pit. One high-grade down-dip intercept in hole SO-C-19 047 returned 1,129 gm/t silver over 8 m true width, within a 27.62 meter interval that averaged 350 gm/t silver (see table below).Silver One's President and CEO, Greg Crowe commented \"We are very pleased with the results received to date. Twin holes 47 and 48 illustrate the potential continuity of high-grade silver mineralization at depth and provide confirmation of previous analytical results obtained by Silver Standard drilling in 2001-2002. These results will allow for an updating of Silver Standard's historic 43-101 resource, which is well underway. We are also seeing down-dip continuation of the Mount Diablo mineralization, where the farthest hole drilled has extended the mineralized manto for an additional 100 meters. These results are very encouraging. Additional drilling is warranted, not only down-dip, but between the two historic pits and along-strike to test undrilled areas with the objective of potentially expanding the limits of the known mineralization.\" Table 1To view an enhanced version of Table 1, please visit:https://orders.newsfilecorp.com/files/4730/52973_table1.JPGWidth and grades at Mount Diablo are in line with historic results reported by Silver Standard in the areas of the Mount Diablo and Northern Belle open-pits. Average thickness of the main mineralized zone, called Lower Candelaria Shear (\"LCS\", ) is 22m. Orebody thicknesses hold up well down-dip, with intercepts piercing the mineralized body up to 400 meters north of the lower limit of the Mount Diablo pit (Hole 49). This lies approximately 100 meters north of the nearest historic hole. Total widths of the LCS ...