Northwire Canada EditionWednesday, July 29, 2026
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Production / Operations

Silver One begins ground geophysical surveys at Phoenix

By The Northwire Desk — AI Analysis Sep 22, 2025 · 04:24 SVE · 0.41 Silver One Resources Inc.
SVE · Price

Executive Summary

  • Silver One Resources has commenced ground induced‑polarization (IP) and magnetotelluric (MT) surveys on its 100 % owned Phoenix silver project in Arizona, targeting porphyry copper zones and guiding future drilling.
  • The survey, performed by Zonge International Inc., is scheduled for completion in November with a final interpretative report to follow.
  • The company also provided updates on ongoing exploration at the 417 area and Nuggets North target, and noted that its Preliminary Economic Assessment (PEA) for the Candelaria project remains on track for year‑end 2025 delivery.

Key Details

  • Survey Scope: Ground IP and MT surveys over the southern portion of Phoenix silver; designed to test porphyry copper targets along the northeastern extension of the Miami‑Inspiration copper belt.
  • Contractor: Zonge International Inc. is conducting the geophysical work.
  • Timeline: Fieldwork expected to finish in November 2026; a final interpretative report will be issued thereafter.
  • Geological Context: Targets are situated near major copper deposits (e.g., Rio Tinto‑BHP Resolution, Freeport‑McMoRan Miami and Copper City, BHP Ocelot).
  • Prior Data Integration: Survey builds on a July 2025 ZTEM airborne EM survey that identified two priority anomalies coincident with hydrothermal alteration and anomalous rock samples (up to 7.7 % Cu and 1,240 g/t Ag).
  • Future Exploration Plans – Phoenix Silver:
  • Planned detailed gravity survey over the “417” area (drilled in 2024) to aid targeting of native or sulphide silver mineralization.
  • Ongoing geological mapping, surface sampling, and trenching at the Nuggets North target, pending U.S. Forest Service permitting; possible additional gravity work if the 417 survey is successful.
  • Candelaria Project Update: Preliminary Economic Assessment being prepared by Kappes Cassiday & Associates with Independent Mining Consultants Inc. and Paterson & Cooke; anticipated completion by end‑2025.
  • Qualified Person Review: Technical content reviewed and approved by Robert M. Cann, P.Geo., qualified person (NI 43‑101).

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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