Silver One Commences Microgravity Survey at the Phoenix Silver's 417 High-Grade Silver Target to Test for Potential Dense Metallic Bodies
Microgravity survey targets dense native silver bodies at Phoenix Silver's 417 zone.
Silver One Resources Inc. has begun a microgravity test survey at the 417 area of its Phoenix Silver Project in Arizona. The program is designed to identify dense, metallic subsurface bodies that could represent the source of high-grade native silver fragments previously discovered on the surface, including a 190kg specimen.
The survey will collect up to 2,800 gravity stations on a 5-meter grid. Field acquisition is expected to take approximately 30 days, followed by an additional 30 days for data processing, 3D modeling, and interpretation. A successful outcome could lead to an expansion of the survey westward to the Mexican Mine area and other targets, such as the Nuggets North zone.
The exploration update coincides with administrative compensation packages, including the grant of 4,775,000 stock options at $0.50 per share with a five-year term, and 2,850,000 deferred share units (DSUs) to directors and officers.
Silver One Resources Inc. (SVE) has launched a microgravity survey, a logical continuation of its Phoenix Silver exploration program that follows the 2025 drone magnetometry survey and 2026 rock sampling. That earlier sampling returned up to 5,007 g/t Ag and 6.97% Cu. The new survey is a technical exploration step designed to refine drill targets for future programs and does not deliver new economic data, resource updates, or financing.
The company also granted options to management, a standard compensation practice that introduces approximately 1.35% dilution to the share count. This activity aligns with the company's stated 2026 exploration roadmap and provides incremental validation of the exploration strategy without altering the near-term financial or operational outlook.
Silver One Resources Inc. (SVE) is a Canadian junior explorer advancing its 100%-owned Candelaria Silver Project in Nevada toward a Pre-Feasibility Study (PFS) targeted for Q4 2026. The flagship Candelaria site is a past-producing mine with 68 moz Ag historical production and active permits. Current NI 43-101 resources total 126.6 moz AgEq Measured & Indicated and 29.5 moz AgEq Inferred. The company is upgrading leach pad resources and conducting metallurgical testing for non-cyanide heap leach solutions.
The company also holds other assets, including the Phoenix Silver Project in Arizona, which focuses on high-grade native silver and porphyry copper targets, and the Cherokee Project in Nevada, which is in early exploration.