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Silver One Provides Corporate Update on Its Nevada and Arizona Projects, Southwest USA

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Silver One Provides Corporate Update on Its Nevada and Arizona Projects, Southwest USA


Cherokee

Details on the projects are below. For more detail visit www.silverone.com.

Candelaria, Nevada

Candelaria is a past producing silver mine in western Nevada (Figure 1). It was last operated by Kinross Gold Corp., who closed the mine in 1997 when silver prices plummeted to under US$5 per ounce. Silver Standard acquired the property in the early 2000’s and completed an in-ground resource, now historic. Silver prices remained historically low in 2002 when Silver Standard began focusing on other projects. Silver One acquired the project from Silver Standard (now SSR Mining), gaining a 100% interest in 2023. Since discovery in 1864, Candelaria has produced an estimated 68 million ounces of silver. The project hosts two large, silver bearing historic heap leach pads and two historic open pits developed along a strong easterly trending regional mineralized structure.

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Silver One has drilled the two heap leach pads as well as conducted three drilling campaigns of the in-ground mineralization around the open pits, and metallurgical testing on both leach-pad and in-ground mineralization. The heaps contain a current resource containing 30.017 million ounces of silver (Indicated) plus 15.397 million ounces of silver (Inferred). The historical resource on the in-ground mineralization, marginal to the open pits, consists of 44.06 million ounces of silver Measured and Indicated, plus 34.676 million ounces of silver Inferred. Details of the resources can be seen by visiting www.silverone.com. Silver One has completed enough in-ground drilling to upgrade the historic mineral resource to a current mineral resource in 2025.

Extensive metallurgical testing conducted by the company has yielded excellent results, showing significant increase in silver recoveries that exceed historic silver recoveries. The most recent metallurgical testing was conducted by Extrakt Processing Solutions (“EPS” or “Extrakt”), who has a strategic global alliance with Bechtel Energy Technologies & Solutions, Inc. (“Bechtel”) to commercialize Extrakt’s TNSTM technology. Extrakt has developed proprietary, non-toxic, cyanide-free leaching solutions that have yielded excellent results on Candelaria samples. Results to date indicate that these solutions significantly increase silver recoveries, potentially doubling the recoveries achieved with traditional cyanide leaching on heap leach pad material and increasing them on the fresh material (see news release Feb 26, 2025).

In 2025, Silver One is nearing completion of a current mineral resource on the in-ground, near surface mineralization. The Company is also working on a preliminary economic study (PEA), which will encompass the current heap leach pad resource and the upcoming in-ground resource, comparing a cyanide leaching scenario to one using Extrakt’s proprietary solutions. The Company will also contemplate additional drilling to look at extending mineralization beyond the area of the updated resource. These are important steps as the Company moves the project closer to the development stage.

Figure 1. Candelaria site map.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4730/249431_decddbfb3446cbb0_001full.jpg

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Phoenix Silver, Arizona

Phoenix Silver is a unique property (See Figures 2 and 3). It lies at the northeastern end of a 50+ km long mineralized belt that is host to multiple porphyry copper and silver mines and deposits. Silver One completed the acquisition of a 100% interest in the project in 2024, initially acquired due to the discovery of very high-grade silver vein fragments. One of the fragments weighed 417 pounds (189 kg) and was estimated to contain over 70% silver. Over 200 silver fragments have been discovered on small (just over 1%) portions of the 15,000 acres property.

An airborne ZTEM (electromagnetic) survey conducted across the entire property in October 2024 identified several new silver targets (see news release of Feb 20, 2025). In addition, Company geologists identified another target consisting of a train of 40+ silver nuggets to the north of the 417 vein system. This area has not been explored in detail (Nuggets North target).

The ZTEM survey also outlined two priority porphyry targets that warrant follow up exploration. These occur at a lower elevation in the southern part of the property, where multiple select rock samples returned strongly elevated copper and silver values (see news release of Feb 20, 2025). This area is along strike and 5 km from Freeport McMoRan’s Miami-Inspiration copper mining complex and BHP’s new Ocelot copper porphyry prospect. All occur within a 50+ long mineralized belt hosting multiple copper and silver properties including BHP-Rio Tinto’s Resolution project, Capstone’s Pinto Valley Mine and KGHM’s Carlota project, among others.

An east-west structure thought to be the host of these larger silver vein fragments was drilled in late 2024 (see news release Feb 24, 2025). Anomalous silver with copper, lead and zinc values were encountered in many of the holes drilled. Extremely high-grade massive silver was not intercepted, which suggests that the targeted massive silver may occur in discontinuous ore shoots in-between drill intercepts, and/or at deeper depths.

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Silver One is proposing to complete a gravity survey in the 417 area to potentially better define silver targets, and additionally complete detailed mapping and sampling in the area of the train of silver nuggets north of the 417 area (Nuggets North). The Company also intends to complete an IP survey in the southern part of the property to confirm the ZTEM porphyry copper-silver targets for potential future drill testing.

Figure 2: 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.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4730/249431_decddbfb3446cbb0_002full.jpg

Figure 3: Priority targets on ZTEM resistivity -300 depth map. Silver targets labeled PS1 to PS5 shown with black continuous line, are represented by the Predictive Targeting Probabilities color bar in the legend. The Nuggets North target, outside the areas of ZTEM anomalies is particularly important owing to the abundance of silver nuggets in the area. The copper values shown are from select rock samples. Porphyry targets Defiance and Quartz Ridge “QR” are shown for reference (see details in Company’s news release of February 20, 2025).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4730/249431_decddbfb3446cbb0_003full.jpg

Cherokee, Nevada

At Cherokee (Figure 4), the company has conducted several campaigns of mapping and sampling as well as geophysics and limited shallow drilling on patented claims owned by the company. Targets include 1) An epithermal veins system with over 12 km of combined strike length and multiple high-grade silver, gold and copper values from selected rock chip samples on surface (see news release of September 3, 2019), and 2) a porphyry copper-molybdenum system with associated satellite skarn and limestone replacement mineralization.

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The epithermal veins were partially drilled in the Cherokee mine area with nine shallow diamond drill holes. Four of the nine drill holes intersected silver values between 80 g/t and 455 g/t over 5.45 m and 1.55 m respectively, within a wide quartz structure that averages 12 meters. Copper in these intercepts were 0.4% and 1.84%, respectively (see news release of November 16, 2021). Several other epithermal targets on the property outside the patented claims remain untested and permitting of some of these areas is planned for future drilling.

The southeast area of the property is highly prospective for potential porphyry-style copper and or molybdenum mineralization, with targets identified by geophysics and surface geochemistry. Of particular importance is a circular magnetic feature in the southeastern part of the property. Here, Paleozoic limestones host multiple northwest trending structures and alteration zones peripheral to the magnetic anomaly, including extensive areas of limestone replacement with elevated silver and base metals (copper-lead-zinc), and jasperoids (often associated with precious metal deposits in Nevada and elsewhere).

Silver One is also planning an IP survey in the southern portion of the property to help determine porphyry potential.

Figure 2. Total magnetic intensity map of the Cherokee project showing main target areas.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4730/249431_decddbfb3446cbb0_004full.jpg

Lodestar Debt Settlement

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Silver One’s Mexican assets were sold to Lodestar Metals Corp., (formerly Silverton Metals Corp.) in 2020. The settlement was to include a C$ 1.25 million cash payment upon signing (paid), the issuance to 4.375 million shares of Lodestar (settled), plus an additional C$ 1.25 million. Silver One has settled the issue of the final payment for consideration of C$ 50,000 plus the issuance of an additional 3.0 million shares of Lodestar. This will allow both companies to move forward, a significant factor in Silver One’s position as a major shareholder of Lodestar.

Qualified Person

The technical content of this news release has been reviewed and approved by Robert M. Cann, P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company.

About Silver One

Silver One is focused on the exploration and development of quality silver projects. The Company owns a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in unmined historic resources as well as in previously identified high-grade silver intercepts down-dip, which can potentially increase the substantive silver mineralization along-strike from the two past-producing open pits.

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The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike.

Silver One also has 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect, recently permitted for drilling, which lies within the “Arizona Silver Belt,” immediately adjacent to the prolific copper producing area of Globe, Arizona.

For more information, please contact:

Silver One Resources Inc.
Gary Lindsey – VP, Investor Relations
Phone: 604-974‐5274
Mobile : (720) 273-6224
Email : gary@strata-star.com

Forward-Looking Statements

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Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silver One’s control. Such factors include, among other

things: risks and uncertainties relating to Silver One’s limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on the Candelaria Project, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249431



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Nevada

28-year-old inmate at Southern Nevada prison dies

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28-year-old inmate at Southern Nevada prison dies


A man serving time at the Southern Desert Correctional Center for felony reckless driving died last month, the Nevada Department of Corrections said Tuesday.

Shiloh Walker, 28, died at the Indian Springs facility on Nov. 24, a news release said. Cause of death was not listed.

Walker was serving a sentence of up to six years after a plea agreement was reached in 2022 following a DUI crash that happened May 31, 2021 in Las Vegas, according to online court records.

An autopsy was requested following Walker’s death, though results were not available as of Monday evening. Attempts to reach Walker’s family members have been unsuccessful, according to the department.

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Contact Bryan Horwath at bhorwath@reviewjournal.com. Follow @BryanHorwath on X.



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Is USPS breaking vow not to use Sacramento for Northern Nevada mail?

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Is USPS breaking vow not to use Sacramento for Northern Nevada mail?


After widespread condemnation last year, the U.S. Postal Service backed away from plans to move its Reno mail-processing operations to Sacramento — but did it stay true to what it told the public?

The question arose recently after letters sent from one Carson City address to another in Carson City were both postmarked in Sacramento.

Northern Nevadans did not want first class mail sent from one Northern Nevada address to another going first to California. They sent a unified message to the USPS all the way up to the postmaster general.

Critics of the USPS plan were especially worried about delays from mail having to go back and forth over the Sierra during winter.

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The Washoe County District Attorney’s office filed a lawsuit over the plan, the Washoe County Commission voted to oppose the plan, public comment was universally opposed, and Democratic and Republican elected officials from across the state joined to stop it.

Could it possibly have happened anyway? The answer is yes, temporarily, for a brief time.

How letters sent in Carson City came to be processed at Sacramento USPS facility

A reader told the Reno Gazette Journal they’d twice had letters internal to Carson City postmarked in Sacramento, so we asked USPS if the policy had changed.

“Mail processing for First Class mail that originates in Northern Nevada and is destined to Northern Nevada has not changed,” USPS spokesperson Sherry Patterson responded by email.

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“However,” she added, “without the specific mail piece and class of mail, we cannot determined if there is an issue.”

The reader then supplied a photo of the two envelopes postmarked Nov. 5 in Sacramento, and this was shared with USPS.

“Our processing machine in Reno was temporarily out of service while we awaited a replacement part,” Patterson said after viewing the postmarks to nail down the specific date the letters went through Sacramento.

“To ensure that mail was not delayed during this time, we implemented a contingency plan that involved routing certain mail to our Sacramento facility for cancellation and processing. This measure allows us to maintain service continuity and minimize disruptions for our customers. We understand that this may cause some confusion, and we are committed to ensuring that all mail is processed efficiently and accurately.”

Bottom line: Regarding first class mail that’s being sent to and from Northern Nevada addresses, it’s still USPS policy to process that in Reno at its Vassar Street facility, she said.

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The path these particular letters took, Patterson added, “is indeed an unusual occurrence.”

Mark Robison is the state politics reporter for the Reno Gazette Journal, with occasional forays into other topics. Email comments to mrobison@rgj.com or comment on Mark’s Greater Reno Facebook page.



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Holiday loneliness affects thousands in Nevada as many face Christmas away from loved ones

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Holiday loneliness affects thousands in Nevada as many face Christmas away from loved ones


LAS VEGAS (KTNV) — Loneliness has become a significant health issue for people everywhere, and the holiday season sometimes intensifies those feelings. For many, December looks like family gatherings, matching pajamas and bustling homes. But this time of year can also be very difficult for those who may be battling distance, work commitments or recent life changes.

Marc Valli, an Army veteran who served in Vietnam, has lived in Las Vegas since 1988. He moved to Nevada to join a ministry and be closer to his wife’s parents.

WATCH| Shellye Leggett talks to an army vet who’s recently moved into Escalante at the Lakes assisted living facility

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Holiday loneliness affects thousands in Nevada as many face Christmas away from loved ones

“I wanted to come and join ministry here. Also my wife’s parents lived here,” Valli said.

Valli’s wife Barbara, known to friends and family as Bobby, passed away in 2018 after 54 years of marriage.

“I’m still counting the years. We’ve been married 54 years,” he said.

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His children moved him into Escalante at the Lakes assisted living facility in June, making this his first holiday season in his new home.

“People are very nice, they treat you good,” Valli said.

Come Christmas Day, the facility’s common room will be filled with residents ready for holiday activities, but Valli hopes to get outside these walls to see his family that still lives nearby.

“I have grandkids. One goes to Cal Poly. He’s here right now, but he’s on vacation, and then I have two little granddaughters, one’s 11, one’s 7,” Valli said. “I don’t know if they’re gonna come for Christmas or I’m going there.”

Gus Farias, the executive director of Escalante at the Lakes Assisted Living, says many of his residents don’t have family nearby. Keeping their spirits high throughout the holidays is an important task.

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“We can tell when our residents are feeling down. There’s a lot of pressure during the holidays because some of our residents don’t have families that are nearby, but they have us,” Farias said.

The organisation A Mission for Michael released a study showing just how many people are expected to spend the holidays alone this year. Nevada ranked 43rd on the list of loneliest states, with more than 212,000 people expected to spend Christmas by themselves.

“It’s pretty surprising that there’s so many Nevadans that are gonna spend the holidays by themselves,” Farias said.

He says combating loneliness will take a community effort.

“When you’re at the grocery store or whatever, reach, look back and ask them, you know, wish them a merry Christmas or happy holidays and ask them how they passed their holidays in the past because we, we as a younger generation than our seniors, we can learn a lot from that,” Farias said.

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It’s an effort that Valli says makes the holidays a little brighter.

“Oh, it makes a big difference,” he said.





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