Land Position Expands To Cover Potential Porphyry Copper Systems Areas At Phoenix Silver Project

VANCOUVER - Silver One Resources Inc. announced the staking of new claims to further expand the ground holdings at its Phoenix Silver Project near Globe, Arizona. The newly acquired area more fully covers regional magnetic anomalies located in the southern part of the property. These anomalies are part of a prolific, 30+ km long, northeast-trending porphyry copper belt; host to several large porphyry copper deposits.

Greg Crowe, President and CEO, said, “The staking of these new claims is an affirmation of the company's commitment to seek and take advantage of opportunities to grow. We are not only continuing to explore the silver anomalies in the central and northern parts of the property, which includes the drill-permitted area covering the potentially very high-grade silver targets, but we are also expanding our land position around magnetic anomalies identified to date. The magnetic anomalies constitute promising copper targets in a region holding immense potential for porphyry copper systems. These anomalies, along with the select vein samples that returned high-grade copper values in the southern part of the Phoenix Silver project are strongly suggestive of a copper system at depth. Silver One is looking forward to fully exploring the property and to unlocking value for our investors."

Silver One's new staking has strategically secured 260 unpatented lode claims covering 2,090 hectares (5,165 acres). The new claims occur along a prolific present and past-producing northeast-trending, 30+ km long porphyry copper belt.

Silver One is leveraging the use of advanced exploration technology to identify promising new targets. The reprocessing of drone-borne and publicly available regional magnetic data using magnetic vector inversion (MVI) modelling has revealed strong northeast-trending magnetic anomalies. The expansion of the property aligns with the Company's plans to grow through the development of existing properties and acquisitions. Thus, the new claims acquired through staking offer an excellent opportunity to explore highly sought-after targets in the mining industry such as porphyry copper systems along with pursuing its primary goal of finding and developing quality silver assets.