SILVER ONE DISCOVERS NEW SILVER VEIN FRAGMENTS AND OUTLINES NEW COPPER SHOWINGS ON ITS PHOENIX SILVER PROJECT IN ARIZONA
Geological reconnaissance on the new claims staked in October and December, 2023 (see company's news releases of
Highlights:
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New silver fragments discoveries extend the area of potential silver vein mineralization for 600+ metres to the west of the previously discovered 417 lb (189 kg) angular and unabraded vein fragment that was estimated to contain over 70% silver and an 18.7 lb (8.5 kg) specimen assaying 459,000 g/t (14,688 oz/t) silver (see news release dated
February 5 , 2020). - The project is permitted for drilling on the potentially high-grade silver targets (See Figure 2).
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New copper showings on recently acquired claims highlight the potential for porphyry copper mineralization immediately along strike from the
Freeport McMoRan Miami copper mine and the recently discovered Ocelot porphyry project being actively explored by BHP- Copper values in selected samples range between 0.1% to 2.7% and silver between 10.9 g/t and 1,785 g/t containing locally abundant lead and zinc in veins, breccias and bed planes.
Large angular and unabraded silver vein fragments were detected by metal detectors and uncovered in overburden within a metre of the surface. These have been interpreted as being near their original source, as silver is very soft and large fragments break apart easily upon transport over even small distances. One vein fragment weighed 417 lb (189 kg) and was estimated by specific gravity methods to contain 70% silver. Assays of smaller fragments returned up to 459,000 g/t (14,688 oz/T) silver (see Company News Release of
A drill permit has been secured to test structures believed to be the host to these very high-grade vein fragments (see Company News Release of
The southern portion of the project also hosts regional northeast-trending veins, alteration and breccia zones, with several selected samples returning over 1% copper. Recent sampling has uncovered more copper mineralization on the claims acquired in October and December of 2023. The property lies to the northeast of Freeport McMoRan's copper producing
The
Table 1: Selected assays in new claims staked in the
Sample |
Ag (g/t) |
Pb (%) |
Zn (%) |
Cu (%) |
MnO (%) |
Fe2O3 (%) |
Mo (ppm) |
Description |
91812 |
33.9 |
0.07 |
0.06 |
0.01 |
0.09 |
1.72 |
12.50 |
Silicified breccia |
91813 |
195.0 |
0.19 |
0.34 |
0.05 |
3.83 |
2.85 |
5.00 |
Silicified breccia with MnFeOx in matrix |
91814 |
588.0 |
2.54 |
7.44 |
1.17 |
12.90 |
18.70 |
44.20 |
5m quartz-manganese vein w/CuOx in vn&bed planes |
91815 |
36.9 |
0.21 |
0.17 |
0.01 |
2.59 |
1.65 |
4.34 |
3m silicified breccia with MnFeOx |
98009 |
1,695.0 |
0.36 |
0.08 |
1.46 |
0.47 |
3.76 |
3.04 |
Abdt FeMnOx & malachite in veinlets and fractures in quartzite |
98010 |
548.0 |
1.42 |
0.59 |
0.55 |
5.70 |
6.82 |
11.65 |
Fractured quartzite with MnFeOx veins |
98011 |
10.9 |
0.01 |
0.09 |
2.74 |
0.05 |
4.00 |
2.05 |
Bedded quartzite w/malachite & CuOx in bed planes |
98012 |
1,785.0 |
1.50 |
0.26 |
0.61 |
3.40 |
4.49 |
11.30 |
Silicified breccia with MnFeOx and local CuOx |
98019 |
116.0 |
0.43 |
0.09 |
0.13 |
1.94 |
2.03 |
8.75 |
Quartz vein with FeMnOx |
Elevated copper and silver values with abundant manganese, iron oxides and local base metals (lead and zinc) shown in Table 1 above, are representative of the mineralization in veins, hydrothermal breccias, and fracture systems that are widespread throughout the southern part of the property. These values along with elevated molybdenum (to 44 ppm) and local chlorite hydrothermal alteration suggest the presence of intrusive centered hydrothermal systems and are distal manifestations potentially related to the margins of porphyry copper deposits. Examples of these manifestations can be seen at the Silver Queen and
Silver One plans to continue the geologic reconnaissance and sampling of the new claims staked in October and
Analytical and QA/QC
Chip samples were collected by geologists during a recent property visit and varied in size from approximately 1 kg to 5 kg. Samples were submitted to
Qualified Person
The technical content of this news release has been reviewed and approved by
About Silver One
Silver One is focused on the exploration and development of quality silver projects. The Company owns a 100%-interest in its flagship project, the past-producing
The Company owns 636 lode claims and five patented claims on its Cherokee project located in
Silver One also owns a 100% interest in the
For more information, please contact:
Phone: 604-974–5274
Mobile : (720) 273-6224
Email : gary@strata-star.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance.
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