Silver One Resources Commences Exploration on Its Cherokee Project

VANCOUVER - Silver One Resources Inc. reported the commencement of its 2020 exploration season on its 100% owned Cherokee Project in eastern Nevada. Cherokee is a high-grade, silver-copper and gold project hosting multiple northwest trending, epithermal style, precious and base metal bearing vein systems. Two main structures that are host to these veins have been traced for over 12 km along strike. Several new areas of alteration and veining were discovered in the 2019-2020 exploration program. Mapping and sampling of these prospective high-grade vein systems in the Garden Mountain, Viola and Blues Nose areas will be undertaken. Additional sampling will also be conducted at the Johnnie and Hidden Treasure areas, with the goal of upgrading these silver and gold systems to potential drilling targets. A large portion of the property remains unexplored.

Greg Crowe, President and CEO, said, "Several styles of mineralization have been recognized to date on the Cherokee property. These include high-grade copper-rich precious metals epithermal style veins systems as well as areas of alteration potentially hosting polymetallic carbonate replacement and intrusive related systems. This large property has only been partially explored and no drilling has been documented on these systems. The only drilling recorded is in the southeast corner of the property, conducted in 1970-1980's apparently looking for buried intrusive related porphyry molybdenum. The work planned will help to better delineate and rank exploration targets as well as to select those that warrant drilling.”

The current exploration program is estimated to take 90 days and will consist of detailed sampling and mapping in the recently discovered Garden Mountain, Viola and Blue Nose areas. More work will also be conducted in the areas of previously sampled high-grade silver-copper veining at the Cherokee Mine, where select surface sampling returned values as high as 953 gm/t silver and 4.8% copper. The Johnnie and hidden Treasure vein systems will also be more thoroughly sampled. Select samples at Hidden Treasure returned up to 1800 gm/t silver and 2 gm/t gold. The results of these surveys will help delineate drill targets for a possible drill program in Q4 2020.