SILVER ONE DISCOVERS ADDITIONAL COPPER AND SILVER SHOWINGS ON ITS PHOENIX SILVER PROJECT IN ARIZONA

PR Newswire · Jun 6 12:15

DRILLING PERMITS ON POTENTIAL HIGH-GRADE SILVER TARGETS

VANCOUVER, BC, June 6, 2024 /PRNewswire/ -- Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to announce the discovery of additional copper and silver prospects with up to 1,240 g/t Ag and 7.79% Cu in selected samples (see Table 1, Figures 1 and 2 below and the Company's news release of May 15, 2024). These samples were collected in the southern portion of the property where multiple copper and silver showings suggest potential for the discovery of porphyry related copper-silver mineralization. This part of the project is immediately northeast of the Freeport McMoRan Miami copper mine and the recently discovered Ocelot porphyry project being actively explored by BHP (see Figure 3 below).

Figure 1. Left: sample 41550: silver bearing (1,240 g/t Ag) quartzite-manganese hydrothermal breccia with iron oxides, and copper (1.36%), lead (1.57%), zinc (0.29%) oxides in matrix and cavities. Center and right: Sample 41558. Adit exposing qz-Mn vein in bedded pebbly conglomeratic sandstone with copper oxides (azurite-malachite-chrysocolla), plus sulfides chalcocite, galena and minor sphalerite with 458 g/t Ag, 7.79% Cu, 6.2% Pb and 0.42% Zn.

Figure 2: Property Map showing selected copper assays (see Table 1), silver targets, copper targets and regional magnetic anomalies (contours are 0.0002 increments in SI units).

Figure 3: Phoenix Silver location map showing new claims staked in October and December 2023 as well as the location of Miami-Inspiration mining complex and BHP's porphyry copper discovery area. Blue contours are northeast-oriented regional magnetic (MVI – contour interval 0.0002 SI) anomalies which form a spatially coincident signature of the mineral belts of the Miami-Globe porphyry copper district.

Figure 4. 417 Area map showing the location of selected silver fragments found along the western portion of the 417 Vein. Permitted drill pads within the high-grade silver target are shown with orange squares.

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SILVER ONE DISCOVERS ADDITIONAL COPPER AND SILVER SHOWINGS ON ITS PHOENIX SILVER PROJECT IN ARIZONA

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