Commencement Of Geophysical Survey At The Phoenix Silver Project

VANCOUVER - Silver One Resources Inc. has commenced a property-wide airborne geophysical survey at its high-grade Phoenix Silver Project located near Globe, Arizona.

The goal of this survey is to potentially outline areas of alteration that may be associated with buried porphyry related mineralized systems.  The property lies at the northeast end of a 50+ kilometer belt that is host to multiple porphyry copper mines and prospects.

The geophysical program will cover an area of 100 km2 and consists of a helicopter borne Z-Axis Tipper Electromagnetic system (ZTEM) survey that will be conducted by Geotech Ltd.  This type of electromagnetic survey has been particularly successful in delineating alteration halos associated with porphyry copper deposits around the world.  At the Phoenix Silver project, the survey is expected to be useful in outlining structures as well as areas of hydrothermal alteration potentially related to mineralization.

The survey will be completed in October 2024, with data processing and interpretation to follow.  Once this data is integrated with existing geological, geochemical, and geophysical data, it is hoped that new silver and copper targets will be identified.

Greg Crowe, President, CEO and Director, commented, "The silver targets on the property continue being the focus of our exploration and, to that end, the company commenced drilling the first week of October.  The potential for copper, however, is also compelling and as such we have commenced an airborne ZTEM survey to assess the porphyry copper potential in the property.  This type of mineralization is similar to the along strike and nearby Miami copper complex being operated by Freeport McMoRan and the recently discovered Ocelot porphyry system being explored by BHP.  The Ocelot hosts multiple intercepts of 250+ meters averaging 0.6-0.7% copper and lies beneath the historic Dominion mine that produced base metals, silver, and gold from near surface veins.  Both the Miami and Ocelot are along strike and are part of a 50+ km long porphyry belt that projects northeastwards beneath the Phoenix Silver project."