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Silver One to Conduct Airborne Geophysics and Prepares for Drilling on Its Phoenix Silver Project, Arizona
Vancouver, British Columbia--(Newsfile Corp. - August 12, 2024) - Silver One Resources Inc. (TSXV...
About this update from Silver One Resources Inc.
[{"type":"text","content":"Silver One to Conduct Airborne Geophysics and Prepares for Drilling on Its Phoenix Silver Project, ArizonaVancouver, British Columbia--(Newsfile Corp. - August 12, 2024) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) (\"Silver One\" or the \"Company\") is pleased to announce that it has entered into a contract with Geotech Airborne Geophysical Surveys to conduct a ZTEM survey over its 100% owned Phoenix Silver project in Arizona. ZTEM is an effective electromagnetic tool for detecting large alteration systems and structures that may be host to mineralization. This could be especially important in the southern portion of the property where previous magnetic surveys in combination with multiple select high-grade copper and silver samples (see Company's news release of June 6, 2024 and Figures 1 and 2) are suggestive of a copper-silver system at depth. It may also help to identify additional structures that may be host to high-grade silver systems. The survey will be scheduled as soon as any Forest Service field restrictions permit.The weather in the area has been extremely hot and dry and is subject to intermittent forest closures. Once conditions improve, Silver One will also begin road and pad building in preparation for drilling the very high-grade silver targets in the 417 area. This is where multiple large (up to 417 pounds estimated to contain over 70% silver- see company news release of February 5, 2020, and May 15, 2024) vein fragments were uncovered. The extremely angular and unabraded nature of these fragments suggests they have not traveled far. Structures just up-slope are believed to be the host to this extremely high-grade silver mineralization. Select sample assays have returned up to 459,000 gram/tonne silver (see news release of February 20, 2020). The program is fully permitted, fully funded and is ready to commence once weather conditions have improved.The Company has also granted options to purchase 3,705,000 common shares to its directors, officers and consultants. The options are exercisable at $0.24 per share, subject to Silver One's standard vesting schedule, and expire five years from the date grant.Qualified PersonThe 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 indepe...