Silver One Resources Inc. announce the staking of new claims, significantly expanding its ground holdings at its Phoenix Silver Project near Globe, Arizona. The newly staked claims cover the continuation of important magnetic anomalies located in the southern part of the company?s property. These anomalies, which are located at the northeast end of the prolific, 30+ km long, northeast-trending Resolution-Globe/Miami Porphyry copper belt are interpreted to be potentially related to deep porphyry copper systems. The new claims occur along a prolific past and present producing northeast-trending, 30+ km long porphyry copper belt.

Freeport McMoran is currently operating the Miami copper mine to the southwest of Phoenix Silver and BHP is actively exploring its Ocelot Copper discovery 5 km to the south - southwest of the recently acquired claims. Additionally, South32 is conducting copper exploration adjacent to the southwest portion of Silver One's property. Select rock samples collected from the southern portion of the Phoenix Silver property have returned several values over 1% copper. Drone-borne and regional magnetic data modelling reveals strong magnetic anomalies in the property which are similar to those found at Globe-Miami.

The drone-borne magnetic data comes from a detailed survey commissioned by Silver One in 2019 which was reprocessed and modeled to identify magnetic bodies and alteration areas The modelling has also been useful in identifying structures which can typically control the silver and other mineralization in the district. The modelling reveals a series of anomalies that represent areas of low magnetic susceptibility indicative of hydrothermal alteration and deep-seated sources of heat and hydrothermal fluids, potentially related to porphyry copper systems. Geophysical processing and interpretation indicate the above magnetic features in the property are best developed between 600 to 1800 metres depth. Preliminary rock sampling has been conducted on selected areas of the pre-2023 claims. Current assays show that the silver values are concentrated in the central and north part of the property and copper, including values over 1%, are concentrated in the southern part of the property.

Rock sampling and geophysics (induced polarization and electromagnetic surveys) are planned over the prospective areas. Additionally, Silver One is planning to drill the very high-grade silver targets surrounding the 417 pound silver vein fragment area in the coming months.