Source: Silver One.
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  • Silver One (SVE) has reported reverse circulation drilling results from the Candelaria Project in Nevada
  • Results reach as high as 1,339 g/t silver and 1.38 g/t gold and surpass historical average grades
  • Future drilling will test mineral continuity down-dip and along strike from the Mt. Diablo and Northern Belle pits
  • Silver One Resources explores and develops quality silver projects with interests in Nevada and Arizona
  • Silver One (SVE) is up by 29.31 per cent trading at $0.375 per share

Silver One (SVE) has reported reverse circulation drilling results from the Candelaria Project in Nevada.

The 7,500 m program, now completed, filled in step-out holes drilled in 2021 and examined extensions to silver-oxide mineralization adjacent to past-producing open pits.

Highlight assays

  • 1,339 g/t silver and 1.22 g/t gold over 10.67 m from 68.58 m, within a broad interval of 48.77 m grading 332 g/t silver and 0.39 g/t gold from 60.96 m (west of Mt. Diablo pit)
  • 501.5 g/t silver and 0.76 g/t gold over 3.05 m from 263.65 m within a 22.86 m zone grading 0.29 g/t gold and 142 g/t silver from 252.98 m (Mt. Diablo eastern extension)
  • 518.5 g/t silver and 0.85 g/t gold over 3.05 m from 284.99 m within a 16.76 m zone grading 0.48 g/t gold and 252 g/t silver from 281.94 m (Mt. Diablo down-dip extension)
  • 777 g/t silver and 1.38 g/t gold over 3.05 m from 289.56 m within a 15.24 m zone grading 0.33 g/t gold and 182 g/t silver from 281.94 m (Northern Belle pit down-dip extension)

Drilling extended mineralization 400 m west and 450 m east of the Mt. Diablo pit.

Future drilling will test mineral continuity down-dip and along strike from the Mt. Diablo and Northern Belle pits.

Core drilling for metallurgical testing is underway on the Mt. Diablo pit extension mineralization. Sample analysis will shed light on silver and gold extraction from Candelaria’s oxide and sulphide mineralization and help to replace the historical resource estimate completed by Silver Standard in 2001.

“Holes drilled confirmed continuity of the mineralization down-dip and along-strike to the east and west of the past-producing Mt. Diablo pit, where drilling indicates that silver and gold grades exceed historical average grades (88 g/t Ag and 0.1 g/t Au) mined by open pit. This bodes well for the possibility to expand the known mineralization and the potential for both open-pit and underground mining,” stated Greg Crowe, Silver One’s President and CEO.

Silver One Resources explores and develops quality silver projects with interests in Nevada and Arizona.

Silver One (SVE) is up by 29.31 per cent trading at $0.375 per share as of 10:39 am EST.


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