Silver One Resources Confirms Promising Drill Findings
Drill Results Show Significant Silver and Copper Intercepts
Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) has announced its latest results from the 2024 diamond drill program at its Phoenix Silver Property. This program consisted of 30 core holes from six drill pads, totaling 1,955 meters, which traced 250 meters along an east-west vein structure. The drill holes experienced an average depth of 64 meters, with all intercepts reporting elevated values of silver and base metals, except for a few holes that were barren or did not recover core in the vein zone.
Highlights from the Drill Program
The best intercept during the program revealed an impressive 3,800 g/t silver and 0.97% copper over a 0.35-meter interval within quartz breccia, near the significant vein fragment area. This indicates that the fractures tested may contain higher-grade material elsewhere along the vein or in downdip areas. Additionally, geological mapping and a ZTEM airborne electromagnetic survey identified numerous other silver and copper targets, further enhancing the potential of the site.
Close-Spaced Drill Program
The close-spaced drill program demonstrated the continuity of the silver and base metal-bearing structures across the tested area. Despite not encountering particularly high-grade intercepts in the recent program, historical data suggests such lenses of high-grade material likely exist between the tested intervals and further west towards historical mining operations.
Further Exploration and Targeted Surveys
Silver One plans to follow up with a close-spaced gravity survey across the 417 area. This survey aims to delineate locations with potential concentrations of silver by examining density contrasts in geology. Future work will also include mapping and sampling within the Nuggets-North area and employing induced polarization techniques over the identified porphyry targets.
Insights from Silver One's Leadership
Greg Crowe, President and CEO of Silver One, expressed optimism for future exploration, stating, "The results underscore the significant potential for Silver One to discover high-grade areas not yet tested. We are committed to ongoing exploration that maximizes our chances of uncovering valuable deposits."
About Silver One Resources Inc.
Silver One is dedicated to exploring and developing high-potential silver projects. The company holds a 100% interest in the Candelaria Mine in Nevada, a historic silver producer, with hopes of reprocessing silver from leach pads for near-term production. Their portfolio includes the Cherokee project, made up of numerous claims with significant mineralization potential.
Frequently Asked Questions
What are the recent drill results for Silver One Resources?
The latest drill program showed significant silver and copper values, with the highest intercept reaching 3,800 g/t silver.
What is the significance of the drill program's findings?
The findings indicate the potential for higher-grade mineralization along the 250-meter vein structure and suggest further exploration is warranted.
What are Silver One's plans for future exploration?
Silver One plans to conduct a gravity survey and additional mapping and sampling to define new drill targets.
Who is leading Silver One Resources?
Greg Crowe is the President and CEO, guiding the company's exploration strategies.
What is the main focus of Silver One Resources?
The company focuses on high-quality silver projects and developing opportunities that may lead to immediate production.
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