Drilling Completed At The Silver-Gold-Copper Cherokee Project

VANCOUVER - Silver One Resources Inc. reported the completion of 796 meters of the planned 1,500-meter diamond drilling program on its 100% owned Cherokee Project located in eastern Nevada.  Silver One experienced extremely slow drilling and technical issues, which led to the early termination of this program.  As such, the Company was unable to fully test all desired targets.

Four of the nine holes intersected strongly anomalous silver and copper mineralization near to the historic Cherokee and Southeast Cherokee workings.  The mineralization is associated with thick quartz veining (up to 25 meters thick in hole GC21-01) hosting narrower silver and copper mineralized intervals within the vein and structures.

The highest intercepts were around the Cherokee Mine with values in hole GC21-01 averaging 455 g/t silver plus 1.84% Cu over 1.55 meters from 16.85 meters, within a 6.29 meter interval averaging 118 g/t silver plus 0.47% copper from 13.56 meters.  Hole GC21-02 intercepted 4.88 meters of 59 g/t silver plus 0.28% copper from 46.02 meters.  Hole GC21-06 intercepted 5.45 meters of 80 g/t silver plus 0.40% copper from 38.80 meters.  All mineralized intervals occur within 50 meters of the surface. Drilling around the Cherokee Southeast workings returned anomalous, but low silver and copper values.  Drilling immediately to the northwest of the Cherokee workings returned only weakly anomalous silver and copper values.  The mineralized intervals are also highly anomalous in zinc and lead.

The drilling tested silver-copper-gold epithermal vein targets, on patented claims overlying the past producing Cherokee and Southeast Cherokee historic workings.  Several other targets on the property outside the Patented Claims remain untested and permitting of some of these areas is planned for 2022.  Some of the more promising targets are the more gold-silver rich areas around the Johnnie Mine and Hidden treasure vein systems, the relatively untested Mojoto vein and deeper porphyry mineralization that was the target of drilling in the 1980’s in the Blue Nose and Viola areas of the property.

Gregory Crowe, President and CEO, said, “The results of this shortened program are encouraging in that the mineralized structures remain open to depth and other anomalous surface values occur off the patented claims to the northwest and southeast of the area drilled.  More importantly, this program only targeted one vein system on the patented claims.  Numerous other veins and areas of alteration with high silver-copper-gold select surface values occur over a 12 km strike length throughout the property and will be targeted after permitting in 2022.  The southeast area of the property is also highly prospective for potential porphyry style copper and or molybdenum mineralization, with targets identified by geophysics and surface geochemistry.  The abundance of veins and alteration areas hosting strongly elevated silver-gold-copper values identifies Cherokee as a high-priority exploration project.”