Airborne Geophysics And Preparing For Drilling On The Phoenix Silver Project

VANCOUVER - Silver One Resources Inc. has entered into a contract to conduct a ZTEM survey over its 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 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 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. The program is fully permitted, fully funded and is ready to commence once weather conditions have improved.