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Silver One Identifies New Geophysical Exploration Targets at Penasco Quemado, Sonora State, Mexico
Vancouver, British Columbia--(Newsfile Corp. - April 12, 2018) - Silver One Resource Inc. (TSX...
About this update from Silver One Resources Inc.
[{"type":"text","content":"Silver One Identifies New Geophysical Exploration Targets at Penasco Quemado, Sonora State, MexicoVancouver, British Columbia--(Newsfile Corp. - April 12, 2018) - Silver One Resource Inc. (TSXV: SVE) (FSE: BRK1) (OTC Pink: SLVRF) (\"Silver One\" or the \"Company\") is pleased to announce results of the geophysical survey conducted on its wholly-owned Peñasco Quemado silver property in Sonora, Mexico.Four main controlled-source audio-frequency magnetotellurics (\"CSAMT\") low resistivity anomalies have been delineated, which significantly expand the exploration potential outside the historic resource area previously outlined by Micon International for Silvermex Resources Ltd. in 2006. This drill-defined historic resource identified 9.6 million ounces of silver at an average grade of 117 gm/t silver contained within a shallow, westward-dipping, near-surface manganese-oxide silver replacement horizon. Two of the four target areas are encompassed by strong zinc (values to 3,500 ppm Zn), lead (values to 800 ppm Pb), and copper (values to 1,200 ppm Cu) with barium, manganese, and moderate silver geochemical anomalies (see Company news release dated March 1, 2017). Two additional geophysical anomalies are associated with medium level geochemical anomalies. These four target areas can be seen superimposed on the zinc soil geochemistry map as shown in Figure 1. A map showing the outline of the geophysical grids and anomalies can be viewed on Figure 2. Additional figures and maps can also be found on the Company website at www.silverone.com.Greg Crowe, Silver One's President and CEO commented, \"This geophysical survey has been very successful in identifying potential for down-dip, westward extensions to the historic resource area that have never been drilled. It has also outlined new areas of low resistivity that are associated with strong to moderate zinc, lead and/or copper in soil geochemical signatures. The CSAMT further identified deep zones of low resistivity which suggest wide channelways for potential mineralizing solutions. The silver manganese oxide resource area, in combination with the zinc-lead-silver system as identified in the soils geochemistry, have geological similarities to the Hermosa-Taylor deposits being developed by Arizona Mining, located approximately 125 kilometres to the northeast of Peñasco Quemado.\...