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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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EDITORIAL: Nevada hurt by California’s anti-fossil fuel crusade

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EDITORIAL: Nevada hurt by California’s anti-fossil fuel crusade


California Gov. Gavin Newsom won’t admit it, but a move by President Donald Trump is especially helpful to drivers in California — and Nevada.

Gasoline prices are pressuring consumers around the country. On Friday, the average U.S. price was $4.55 a gallon. In California, that would be a bargain. The average there was $6.16 a gallon. Nevada’s average was $5.23 a gallon, the result of around 88 percent of the state’s gasoline coming from California.

It might be getting worse — regardless of what happens in Iran.

In recent months, two major California refineries have shut down. That represented a 17 percent reduction in California’s refining capacity. Their closures weren’t caused by the Iran war, but by Gov. Newsom and California’s relentless attacks on fossil fuels.

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To make up for the fuel it won’t extract or refine in-state, California depends on imports from foreign countries.

“We are importing 30 percent of our crude oil from the Middle East,” Mike Ariza, a former control board supervisor at the Valero Benicia Refinery, said in an interview. He has been warning the public about California’s potential fuel shortage. “There are not very many ships left on the way that have fuel,” he said last month.

Last week, KCRA-TV in Sacramento reported that “about 2 million barrels of oil are in the process of being unloaded in Long Beach off of the last California-bound tanker that got through the Strait of Hormuz.”

At a California legislative hearing Tuesday, Siva Gunda, the vice chairman of the California Energy Commission, said the state has enough gasoline to accommodate demand for the next six weeks. That’s not a very long time, especially given that it takes weeks or months for oil to travel from the Middle East to California. And that process won’t begin until the Strait of Hormuz reopens.

There is a region, however, with abundant oil available for sale and safe passage — the southeastern United States. Unfortunately, the Jones Act, an antiquated 1920 law, mandates that only U.S.-flagged ships may move cargo between U.S. ports. But only 55 of the more than 7,000 oil tankers worldwide comply with this requirement.

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This is where Mr. Trump rode to the rescue. Late last month, the White House announced Mr. Trump would suspend the Jones Act for another 90 days. In March, he originally waived it for 60 days. This will make it easier for California and Nevada to obtain domestic product.

If only Mr. Trump could also suspend the destructive energy policies imposed by Gov. Newsom and California Democrats.



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Nevada SPCA brings adoptable pet to spotlight for Furever Home Friday

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Nevada SPCA brings adoptable pet to spotlight for Furever Home Friday


An adoptable pet is in the spotlight for “Furever Home Friday,” with Amy from the Nevada SPCA featured in a segment highlighting an animal available for adoption today.

The Nevada SPCA encouraged viewers looking to add a pet to their family to consider adopting.



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5A baseball roundup: Gorman beats Centennial, reaches state tourney — PHOTOS

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5A baseball roundup: Gorman beats Centennial, reaches state tourney — PHOTOS


Alex LaRosa hit for a .262 batting average in 50 plate appearances for the Bishop Gorman baseball team through its 32 games played entering Thursday.

But with a chance for the Gaels to punch their ticket to the Class 5A state tournament, LaRosa came up with the biggest swing of his season.

LaRosa hit a solo home run in the top of the sixth inning and broke a tie game, which proved to be the deciding run in Gorman’s 8-4 win over Centennial on Thursday night at Durango High in a 5A Southern Region winners bracket final.

The Gaels (28-6) have qualified for the 5A state tournament, which begins May 14 at Las Vegas High. The Gaels also advance to Saturday’s 5A Southern Region title game at 10 a.m. Saturday at Durango.

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“My teammates, they just push me to be better in everything to do,” LaRosa said. “I know if I get on, they’re going to to get the job done and score me. My job, hitting in the bottom of the lineup is making sure I get on base anyway I can. I just put a good swing on the ball and it got out.”

Centennial falls to the losers bracket final and will play either Arbor View or Palo Verde at 6:30 p.m. Friday at Durango to determine Gorman’s opponent for Saturday and the South’s second spot in the state tournament. Arbor View and Palo Verde play in an earlier elimination at 4 p.m. Friday at Durango to determine Centennial’s opponent.

”It feels good, we fell short the last couple of years (of reaching the state tournament),” LaRosa said. “It just feels good to finall be in it and hopefully we keep going and win it.”

LaRosa’s blast was much needed after a disastrous bottom of the fifth inning for Gorman. The Gaels led 4-0, but Centennial (25-10) cut into the deficit when Jaxon Burr singled which scored Chase Hurley, who led the inning off with a triple.

Then Jake Turner hit a fly ball to left-center field, and as Gorman center fielder DeMari Hall and Logan Grubbs dived for the ball, they collided and the ball went all the way to the wall for a two-run, inside-the-park home run.

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Four batters later, Gorman catcher Austin Argenta threw to first base to pick off runner Trevor Henson, but Argenta’s throw was wild and sailed into left field, scoring Kane Barber from second, tying the game.

“I had just given a speech right before we went out to hit that we were good, we weren’t losing this game,” LaRosa said. “We’re still in this game and the dugout went crazy. We just exploded after that.”

LaRosa, who finished 2-for-4 with two runs scored, followed up with his home run in the top of the sixth, which hit the top of the left field fence. That caused a brief discussion between the three umpires before they confirmed it was a home run.

“I was just looking for a fastball to drive into the gap so my teammates could drive me in, but I got lucky, back spun it and it got out of here,” LaRosa said. “At first, I thought it was gone and then I looked up and the ball bounced back in the field.

“Then the (umpire) told me it was a home run and I kind of blacked out. It was a surreal feeling.”

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Grubbs added an RBI single in the top of the seventh for Gorman. Chase Wilk was 2-for-4 with a home run in the second, a run scored during a three-run Gorman fourth inning and an RBI on a ground out in the seventh.

Justin Rodrigues had a two-run double in the fourth capped off the fourth inning for Gorman, which put the Gaels ahead 4-0. Rodriguez went 2-for-4 and recorded the final three outs on the mound for the Gaels.

Hurley and Burr each had two hits and a run scored for Centennial.

“It feels good, just returning to a national powerhouse that we were,” LaRosa said. “It’s the standard to be in the state tournament every year and compete for that state championship. So it feels good to bring the culture back to Gorman.”

Other 5A baseball results

No. 2S Arbor View 11, No. 2M Faith Lutheran 3: At Durango, Devin Martin’s two-run home run capped off an eight-run fourth inning for Arbor View, which helped the Aggies (30-7) roll past Faith Lutheran (16-15) in a 5A Southern Region elimination game.

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In the fourth inning against Faith Lutheran, the Aggies scored twice on bases loaded walk, a wild pitch, a two-run single from Rhett Bryce and an RBI single by Angelo Ugarte before Martin hit his home run.

Martin finished with three RBIs and Ugarte added two RBIs. Rookie Shepard and Kingston Kela each recorded an RBI for Faith Lutheran.

No. 3M Palo Verde 7, No. 2D Desert Oasis 5: At Durango, Stone Amsden’s grand slam highlighted a seven-run seventh inning to give Palo Verde the lead, and the Panthers (26-8) held on to beat Desert Oasis (26-8-1) in an elimination game.

Desert Oasis, the Desert League’s No. 2 seed, led 4-0 entering the seventh. Owen Anderson and Matthew Simmler each had an RBI single, and Kyle Johnson scored in a wild pitch before Amsden’s homer put the Panthers, the Mountain League’s No. 3 seed ahead.

Amsden finished 2-for-4 for Palo Verde. The Panthers had just six hits.

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Lincoln Guillermo was 2-for-4 with a home run for Desert Oasis, and Brody Griffith was 2-for-3 with two runs scored. Landon O’Dell had an RBI single for the Diamondbacks and Aidan Smith added an RBI and a run scored.

Contact Alex Wright at awright@reviewjournal.com. Follow @AlexWright1028 on X.



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