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Silver One Provides Insight into Phoenix Silver Project Drill Results

Silver One Resources Inc. has recently disclosed the final analytical results from its 2024 diamond drilling program at the Phoenix Silver Project, located in Arizona. The drilling targeted an east-west oriented silver-copper bearing structure in a region known as 417, where previous geological evidence suggested the presence of significant mineralization. The company's strategic drilling approach involved close spacing, averaging 23 meters between intercepts, which enabled a detailed examination of the mineral-rich zones.

During this comprehensive 30-hole drill program—which encompassed a total of 1,955 meters—various samples were extracted and analyzed. Notably, even though certain holes yielded limited to no significant findings, all other drill sites along the 250-meter span of the targeted vein structure reported elevated levels of silver and other base metals like zinc, lead, and copper.

In an impressive development, one of the drill holes returned an astonishing silver value of 3,800 grams per ton, accompanied by a copper content of 0.97% over a short interval of only 0.35 meters. This remarkable result was obtained within a quartz breccia, indicating the increasing density of mineralization at specific geological points, particularly nearer to the 417 vein fragments, is of paramount interest.

Through extensive geological mapping and ongoing sampling efforts, multiple silver and copper exploration targets have been identified, with the recently conducted ZTEM airborne electromagnetic survey played a crucial role in this discovery. The five significant silver targets located outside the 417 area, alongside two high-priority porphyry copper-silver targets, underscore the expansive potential for further exploration.

An intriguing finding relates to the Nuggets North target, which features a remarkable 1.5-kilometer stretch containing 40 large silver fragments weighing up to 9 kg. The identification of this anomaly suggests that forthcoming exploration efforts could yield fruitful results. Silver One Resources is considering conducting a close-spaced gravity survey in the 417 area to delineate sections where silver might be concentrated, as the contrast in density between host rocks and silver could indicate lucrative drilling sites.

Moreover, future work plans encompass comprehensive mapping and continued sampling in the Nuggets-North area, alongside a structured induced polarization survey over the two prioritized porphyry targets, as these places demonstrate high possibilities for substantial mineral deposits.

Greg Crowe, President and CEO of Silver One Resources, commented on the promising nature of the drill results, highlighting the continuity of high-grade silver and base metal structures along the tested stretch. Although the 2024 drill program did not yield intercepts as remarkably high as the notable angular vein fragments previously documented, it provides a clear indication of mineralization continuing west towards the historically rich Mexican Mine, known for its prolific silver deposits, further cementing Phoenix Silver's potential.

In summary, the accumulated data and the continuing exploration efforts at the Phoenix Silver Project indicate a strong likelihood for both silver vein and porphyry-style mineralization in the region. The anticipated detailed geophysical investigations, combined with careful mapping and sampling, will ensure that Silver One progresses toward meeting future drilling objectives that could unlock new frontiers in Arizona's mining landscape.

Conclusion

The Phoenix Silver Project solidifies Silver One's positioning within a historic mining belt of over 50 kilometers that includes renowned producers like Freeport McMoRan and BHP. The prospects from this venture not only promote exploration but also signify the potential for long-term development within the burgeoning silver and copper markets.