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Silver One Commences Geophysical Survey at Penasco Quemado, Sonora State, Mexico
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2017) - Silver One Resources Inc. (...
About this update from Silver One Resources Inc.
[{"type":"text","content":"Silver One Commences Geophysical Survey at Penasco Quemado, Sonora State, MexicoVancouver, British Columbia--(Newsfile Corp. - December 5, 2017) - Silver One Resources Inc. (TSXV: SVE) (OTC Pink: SLVRF) (FSE: BRK1) (\"Silver One\" or the \"Company\") has commenced a geophysical survey at its wholly-owned Peñasco Quemado silver property in Sonora, Mexico.  The purpose of the survey is to develop a 3D-quality map of lithologies identified as high-priority target areas with strong zinc and lead soil geochemistry analysis in early 2017 (see Company news release dated March 1, 2017) and better delineate targets for potential future drilling. Greg Crowe, Silver One's President and CEO commented, \"We believe this survey will be extremely useful, as previous geophysical surveys successfully identified lithologies and mineralization associated with the historic Peñasco Quemado resource area, where nearly 10 million ounces (measured and indicated resource) of silver were identified through drilling between 2008 and 2009 (see Company news release dated September 27, 2016). The previous geophysical survey was conducted in specific areas of the property only and did not entirely test the targets outlined through recent soil surveys completed by Silver One. The present geophysical survey will cover a wider area to investigate the newly discovered large target found in the western part of the property, as well as the 3+ kilometre-long zinc and lead soil anomaly that occurs along-strike to the southeast of the historic resource area. Both targets have the potential to significantly increase the existing resource and to define new areas of mineralization. Additionally, the Controlled-Source Audio-Frequency Magnetotellurics (\"CSAMT\") being used will probe deeper with higher resolution than previous surveys allowing us to explore the possibilities of a zinc-lead-silver mineralized system with geological similarities to the Hermosa-Taylor Deposits being developed by Arizona Mining, located approximately 125 kilometres to the northeast of Peñasco Quemado.\" Silvermex Resources Limited reported in a technical report titled \"Updated NI 43-101 Technical Report and Resource Estimate for the Penasco Quemado Silver Property\" dated March 9, 2007 (filed on SEDAR March 16, 2007), prepared by William J. Lewis and James A. McCrea, the ...