Silver One Resources Advances Construction for Phoenix Project
Silver One Resources Begins Construction for Drilling
Silver One Resources Inc. is excited to share its latest developments at the Phoenix Silver Project. The company has recently commenced constructing roads and drill pads in preparation for upcoming drilling activities. This project is particularly promising due to the presence of high-grade silver vein fragments, notably a significant 417-pound native silver-rich fragment.
Identifying Prime Drilling Targets
The first targeted area for drilling is identified as the 417 Target Area. This location has shown great potential as a source of high-grade silver vein fragments, including the notable 417-pound specimen. Although this specimen is classified as a collector's item and was not subjected to assay testing, preliminary specific gravity tests suggest a remarkable silver content, potentially reaching up to 70% native silver.
Geophysical Surveys to Enhance Exploration
With the recent lifting of fire restrictions in the area, the company is poised to conduct a ZTEM geophysical survey, which was previously announced. This survey, scheduled for the fourth week of September, aims to provide valuable insight into regions of alteration and mineralization. Especially in the southern section of the property, selected samples have returned high values of copper and substantial silver content.
Understanding the Geological Setting
The geology surrounding Silver One's Phoenix Silver Project is intriguing, with the potential for undiscovered porphyry systems beneath the surface. These systems could be similar to the nearby Miami copper complex operated by Freeport McMoRan and the newly identified Ocelot porphyry system being explored by BHP. Such geological features may offer considerable opportunities for finding high-grade minerals.
The Upcoming Drill Program
The company's drilling program is comprehensive, with plans to drill approximately 2,500 meters through 40 diamond drill holes from 13 different drill pads in accordance with the authorization from the Forest Service. This substantial drill program is designed to tap into the rich mineralization present in the identified targets.
About Silver One Resources
Silver One is dedicated to exploring and developing high-quality silver projects. Among its most notable holdings is the Candelaria Mine in Nevada, which has potential for near-term silver production through the reprocessing of historic leach pads. The company is also investigating additional avenues for growth in identified high-grade silver intercepts.
Future Prospects and Opportunities
The future looks bright for Silver One Resources, with an increasing focus on capitalizing on its high-potential projects. With a strategic shift towards mobilizing resources and executing its drilling plans, the company is well-positioned to enhance shareholder value through successful exploration at the Phoenix Silver project and other ventures.
Frequently Asked Questions
What is the Phoenix Silver Project?
The Phoenix Silver Project is a key exploration area for Silver One Resources, noted for its high-grade silver deposits and significant vein structures.
Why is the 417 Target Area important?
The 417 Target Area is crucial due to its discovery of a 417-pound native silver vein fragment, indicating potential high-grade silver mineralization.
What drilling plans does Silver One have?
Silver One has a comprehensive plan to drill 2,500 meters through 40 diamond drill holes across 13 drill pads, focusing on identified high-potential areas.
How does the ZTEM survey assist in exploration?
The ZTEM geophysical survey should help identify areas of alteration and mineralization, providing a better understanding of the geological features beneath the surface.
What are the company's other key projects?
In addition to the Phoenix project, Silver One also has interests in the Candelaria Mine in Nevada and the Cherokee project in Lincoln County, showcasing its commitment to silver exploration.
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