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Silver One Provides Update on Its Phoenix Silver Project, Arizona
(TheNewswire) Vancouver, British Columbia – TheNewswir...
About this update from Silver One Resources Inc.
[{"type":"text","content":"Silver One Provides Update on Its Phoenix Silver Project, Arizona\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire\n \n \n - January 11, 2021 - Silver One Resources\nInc. (TSXV:SVE) (OTC:SLVRF) (FSE:BRK1)\n \n \n (“Silver One” or the “Company”) is pleased to provide\nan update of its ongoing exploration at its Phoenix Silver Project\nnear Globe, Arizona.  The focus of the work undertaken since March\n2020 has been to identify the upslope source of large, very angular\nvein fragments.  One fragment weighed 417 pounds (189 kg) and\nspecific gravity measurements indicate that it contains up to 70%\nsilver.  One of the smaller vein fragments discovered in the same\narea was assayed (concentrate assay) and returned just under 50%\nsilver – 459,000 gm/t or 14,688 oz/t silver (see photos below and\nthe Company’s News Release of Feb 5, 2020).\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n The above photos are selected samples that are not necessarily\nrepresentative of the mineralization hosted on the property.\n \n \n \n Since July, 2020 (see News Release of July 28, 2020),\nthe Company has completed additional prospecting and geological\nmapping, soil and rock geochemical sampling, a property wide\ndrone-borne magnetic survey, as well as ground self-potential (SP) and\nelectromagnetic (EM) geophysical surveys in the vicinity of the vein\nfragment structures.  Some of these surveys were postponed due to\nCOVID-related delays\n \n \n encountered by some of the\nCompany’s contractors.  From this work, a series of exploration\ntargets have been identified and a drill plan has been submitted for\npermitting, with the aim of testing vein-structures interpreted as the\nupslope source to the very high-grade vein fragments.  The permitting\nprocess is expected to take 2-3 months.\n \n \n \n \n The magnetic survey has been particularly useful in\nidentifying structural linears, some of which are associated with\nsilver bearing veins.  Not only were the east-west trending 417 and\nMexican Mine structures identified, but additional strong lineaments\nwere outlined in the northeast and northwest orientations (se...