Phoenix, Arizona, United States

  • Snapshot

    The Phoenix Silver Project is located within the “Arizona Silver Belt”, which occurs on the margins of the prolific copper producing area near Globe, Arizona. Copper giants such as BHP, Rio Tinto, and Freeport McMorran all have producing mines in the area. The Arizona Silver Belt hosts several small historic silver producers, such as the McMorris, Buckeye and Stonewall Jackson Mines, all of which lie immediately east of Silver One’s Phoenix Silver Project (see location map). Native silver and other silver bearing minerals characterize these deposits.

    The Phoenix Silver project is an early-stage exploration prospect. Several native-silver vein fragments have been uncovered from beneath the overburden (see showing and samples map). The fragments are interpreted to be derived from nearby vein structures as determined by both the intergrowth of the quartz and carbonate with native silver and other silver minerals and by the non-abraded physical nature of the fragments (i.e. they have not been transported very far).

    One sample that was recovered from the central area of the property (see showing and sample map) weighed 417 lbs and a specific gravity measurement in combination with the visual presence of abundant native silver attests to a high silver content (see 417 Ibs fragment photo). This exceptionally rare fragment was not assayed in order to preserve the specimen quality of the sample.

    One 8.5 kg (18.7 lbs) sample (see multiple fragment photo) was assayed by concentrate sampling techniques at Skyline Assayers and Laboratories in Tucson, Arizona. This assay returned very high grades of 459,000g/t silver (14,688 oz/ton or approximately 46% Ag).

    Several vein structures are partially exposed on the property. Some of these have been sampled, with assays from grab samples returning silver values between below detection limit (0.5g/t) to 2,550g/t and assays from chip samples returning silver values from below detection limit to 557g/t. The chip samples were collected from outcrops over an area between one to two square meters at each site – see analytical details for surface rock samples below. Most of the veins trend east-west, similar to mineralized structures in the nearby McMorris and Buckeye historic mine (on third-party ground). The projection of some of these veins occur just upslope from the areas where the large silver bearing vein fragments were located (see showing and samples map).

    In the southern portion of the property multiple copper and silver showings suggest potential for the discovery of porphyry-related copper mineralization. These new copper showings (mainly veins and breccias) have returned selected samples with highly anomalous copper from 0.1% to 7.79% and silver between 1 g/t and 1,240 g/t and also with locally abundant lead and zinc.

    Analytical Details

    Grab and chip samples varied from 1 kg to 5 kg and were assayed by Skyline Assayers & Laboratories (“SAL”) in Tucson, AZ, USA (IAS accredited Laboratory, ISO/IEC 17025:2017). Samples were analyzed for 49 elements by ICP-MS, Ag was analyzed by AA aqua regia digestion, with over limits by fire assay gravimetric. Cu, Pb, Zn over limits were analyzed either by ICP-OES or aqua regia-AAS. Silver nuggets and fragments were analyzed by either ore-grade volumetric fire assay gravimetric assay or calculated by specific gravity methods. SAL inserts blanks, standards and includes duplicate analyses to ensure proper sample preparation and equipment calibration.

    Analytical Details - Drill Core Sampling

    Seventy-six rock samples from core drilling were collected by Company geologists. All core was drilled in HQ diameter and samples were saw-cut on site after being washed, logged, photographed and analyzed with a portable X-ray pXRF Delta Professional analyzer. One-half was used for wet-chemical analysis and the other half returned to its box for storage at a company facility in Globe, Arizona. Samples varying in size from approximately 1kg to 11kg were dropped off by Company personnel at SGS Laboratories (“SGS”) sample preparation facility in Tempe, AZ, thence shipped by SGS personnel to SGS laboratory in Burnaby, BC., Canada (ISO accredited Laboratory, ISO/IEC17025:2017, SCC file # 15919) for analysis. Samples were analyzed by ICP-MS for thirty-four elements with four-acid digestion (SGS code GE.ICP40Q12). Overlimit copper, lead and zinc were analyzed by ore-grade four acid digestion ICP-MS (0.5 g sample) code GE.ICP42Q100. Overlimit silver was analyzed by 30 g FA/Gravimetric assay (code GO.FAG37V). Silver One inserted three standards (sourced from OREAS® Certified Reference Material), three blanks and one duplicate in the sample stream. No analytical issues were observed. SGS also inserts blanks, standards and includes duplicate analyses to ensure proper sample preparation and equipment calibration.

  • Recent Exploration

    In October 2024, a helicopter-borne ZTEM electromagnetic survey was completed over the entire property by Geotech LTD (“Geotech”). Geotech’s processing, 3D-modelling, and targeting analysis have identified several significant anomalies potentially related to copper and silver mineralization. Anomalies identified include two priority copper targets and five priority silver targets, all recommended for further exploration (Map ref?).

    In late 2024, Silver One completed a diamond drill program in the 417 area (Map ref?). The close spaced drill program targeted an east-west trending, steeply dipping structure, just upslope from the large (417 pounds) angular vein fragment thought to be derived from these structures. With the exceptions of hole 1 that did not intersect the vein, hole 10 (barren) and hole 22 that did not recover core in the vein zone, elevated silver and or base metals (Zn, Pb, Cu), values were encountered in all other holes along the 250 meters of the east-west vein (Fig ref?- Table of selected results from news rel?). See analytical details for drill core below.

    The program consisted of 30 core holes from 6 drill pads, totalling 1,955 meters which traced the vein- structures for over 250 m east-west. The drill holes were drilled in HQ size core (63.5mm diameter) with an average depth of 64 m. The best intercept returned 3,800 g/t silver with 0.97% copper over 0.35 m within a quartz breccia (See selected assays in Fig. ?). This intersection is near the 417 vein fragment area. The presence of silver and base metals along the length of the structure tested suggests this fracture system may still host higher-grade material between the drill hole intercepts, as well as elsewhere along the western and eastern extensions of the host structure.

    Analytical Details

    Grab and chip samples varied from 1 kg to 5 kg and were assayed by Skyline Assayers & Laboratories (“SAL”) in Tucson, AZ, USA (IAS accredited Laboratory, ISO/IEC 17025:2017). Samples were analyzed for 49 elements by ICP-MS, Ag was analyzed by AA aqua regia digestion, with over limits by fire assay gravimetric. Cu, Pb, Zn over limits were analyzed either by ICP-OES or aqua regia-AAS. Silver nuggets and fragments were analyzed by either ore-grade volumetric fire assay gravimetric assay or calculated by specific gravity methods. SAL inserts blanks, standards and includes duplicate analyses to ensure proper sample preparation and equipment calibration.

    Analytical Details - Drill Core Sampling

    Seventy-six rock samples from core drilling were collected by Company geologists. All core was drilled in HQ diameter and samples were saw-cut on site after being washed, logged, photographed and analyzed with a portable X-ray pXRF Delta Professional analyzer. One-half was used for wet-chemical analysis and the other half returned to its box for storage at a company facility in Globe, Arizona. Samples varying in size from approximately 1kg to 11kg were dropped off by Company personnel at SGS Laboratories (“SGS”) sample preparation facility in Tempe, AZ, thence shipped by SGS personnel to SGS laboratory in Burnaby, BC., Canada (ISO accredited Laboratory, ISO/IEC17025:2017, SCC file # 15919) for analysis. Samples were analyzed by ICP-MS for thirty-four elements with four-acid digestion (SGS code GE.ICP40Q12). Overlimit copper, lead and zinc were analyzed by ore-grade four acid digestion ICP-MS (0.5 g sample) code GE.ICP42Q100. Overlimit silver was analyzed by 30 g FA/Gravimetric assay (code GO.FAG37V). Silver One inserted three standards (sourced from OREAS® Certified Reference Material), three blanks and one duplicate in the sample stream. No analytical issues were observed. SGS also inserts blanks, standards and includes duplicate analyses to ensure proper sample preparation and equipment calibration.

  • Photos

    Left: sample 8011 location: Azurite-malachite in bed planes and fractures with 2.7% Cu. Right: Fragment of a quartz vein with iron and manganese oxides with azurite, malachite and chrysocolla.
    From left to right: 5 lb silver fragment with quartz walls, 4.7 lb silver fragment (estimated 70% native silver) with dark gray coating of cerargyrite and a patch of hematized quartz, 3.4 lb silver fragment (estimated 45% native silver) with hematized quartz matrix and white quartz walls, 6.2 lb silver vein fragment with white quartz walls.
    sample 41550: silver bearing (1,240 g/t Ag) quartzite-manganese hydrothermal breccia with iron oxides, and copper (1.36%), lead (1.57%), zinc (0.29%) oxides in matrix and cavities.
    Sample 41558. Adit exposing qz-Mn vein in bedded pebbly conglomeratic sandstone with copper oxides (azurite-malachite-chrysocolla), plus sulfides chalcocite, galena and minor sphalerite with 458 g/t Ag, 7.79% Cu, 6.2% Pb and 0.42% Zn.
    Sample 41558. Adit exposing qz-Mn vein in bedded pebbly conglomeratic sandstone with copper oxides (azurite-malachite-chrysocolla), plus sulfides chalcocite, galena and minor sphalerite with 458 g/t Ag, 7.79% Cu, 6.2% Pb and 0.42% Zn.
    459,000 g/t (14,688 oz/ton) vein fragment containing abundant visible native silver. The above photo is of a selected sample that is not necessarily representative of the mineralization hosted on the property.
    Multiple Silver Fragments with Pen. The photo is of select samples that are not necessarily representative of the mineralization hosted on the property.
    Multiple Silver Fragments. The above photo are of select samples that are not necessarily representative of the mineralization hosted on the property.
    417 pound vein fragment containing estimated 70% silver (determined by specific gravity method). The photo is of a selected sample that is not necessarily representative of the mineralization hosted on the property.
    Close up of 417 lb Fragment
    Close up of 80 lb Fragment
    Close up of 116 lb Fragment
    Close up of 417 lb Fragment
    Close up of 417 lb Fragment
    Close up of 417 lb Fragment
    Close up of 417 lb Fragment

  • Maps

    Phoenix Silver location map showing copper belts of the Miami-Globe porphyry copper district. Major mines and deposits include the Miami-Inspiration mining complex, BHP’s Ocelot discovery area and Rio Tinto/BHP’s Resolution copper deposit. Blue contours are regional magnetic (MVI – contour interval 0.0002 SI) anomalies which are spatially coincident with the mineral belts of the Miami-Globe copper district.
    Silver targets (PS1 to PS5 and Nuggets North) over the ZTEM3D -300 m resistivity depth slice. Dashed black circles show the priority porphyry targets (Defiance and Quartz Ridge ”QR”) for reference. Copper values shown are from select rock samples.
    Left. 3D Magnetic Vector Inversion (MVI Amplitude) 300 meter depth. Note copper targets in black dashed line defined by a magnetic low surrounded by a relatively high magnetic halo. Right. 3D-ZTEM resistivity inversion 500 meters depth: the red and light-red ovals within the magnetic lows represent conductive zones potentially associated to copper sulfides. Defiance and QR targets are 4 and 8 square kilometers in size, respectively.
    Left. ZTEM3D resistivity section of L1050 over the Defiance porphyry target. Right. ZTEM3D resistivity section of L1240 over the QR porphyry target. Both sections are looking west, showing the approximate depth to the center and lateral size of the conductor. See figure above for sections location.
    Left. Total magnetic intensity map showing additional copper targets. Red shaded areas are magnetic highs interpreted as potential intrusive rocks at depth. Right. 2D ZTEM resistivity inversion 600 m depth showing northeast oriented lineaments which are part of the northeast extension of the Globe-Miami-Inspiration porphyry belt.
    Rock geochemistry map showing silver and copper values. Assays of select copper samples are highlighted by the corresponding labels. The blue polygon shows the new claims staked in the southwest part of the property. See Analytical Details - Surface Samples for additional sampling details.
    Property Map showing selected copper assays, silver targets, copper targets and regional magnetic anomalies (contours are 0.0002 increments in SI units). See Analytical Details - Surface Samples for additional sampling details.
    Map of the 417 and Mexican Mine area showing location of drill pads and trace of holes completed. See drill hole details in figure 2.
    Plan view of Phoenix Silver drilling area showing drill hole collars and respective traces
    Selected anomalous assays from Phoenix Silver core drilling samples. Intervals reported are near true widths, except for holes 3, 5, 7, 24 (70% to 76% of the intercept), and holes 21 and 23 (25% of the intercept). Anomalous samples over 10 g/t silver are included in table below. Holes not listed contain at least a sample, between 0.15 m and 0.35 m with elevated (over 500 ppm) copper, lead or zinc. See Analytical Details - Surface Samples for additional sampling details.
    Drill hole coordinates (UTM NAD83-12S) and other ID data. Phoenix Silver Core-Drilling. See Analytical Details - Surface Samples for additional sampling details.
    Selected assays in new claims staked in the Phoenix Silver Project (October 23, and December 19, 2023 news releases). Samples are selected dump and rock chip samples as indicated. Selected copper assays are shown in June 6, 2024 press release.
* The technical content on this website has been reviewed and approved by Robert M. Cann, P. Geo, and a Qualified Person as defined by National Instrument 43-101.
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