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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 SPCA brings adoptable pet to spotlight on Furever Home Friday

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Nevada SPCA brings adoptable pet to spotlight on Furever Home Friday


Gov. Sisolak, health officials urge those who can help to join Battle Born Medical Corps

Nevada Governor Steve Sisolak along with the state health officials urged Nevadas to those who can help to join Battle Born Medical Corps. Nevada Department of Health and Human Services and the Nevada Health Response Center joined to call on health care providers and health care administrations to assist in the state’s COVID-19 pandemic response. Gov.



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Nevada’s unwritten rules (and what we wish the unwritten rules were)

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Nevada’s unwritten rules (and what we wish the unwritten rules were)


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There’s a debate over on Reddit right now about how dogs should be kept on leashes around town, on trails, or anywhere in public that’s not a dog park.

I should clarify: When I say “debate,” I mean that several users have created posts about how dogs should be kept on leashes, and almost every response is 100% in agreement.

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Go ahead and look at the posts; nobody’s putting together a spirited defense of letting their pets run around licking strangers and pooping on nature. With that kind of general consensus, I’d want to say that leashing our dogs is one of Reno-Sparks’ “unwritten rules.”

Except for two things: One, this rule is very much written (see Chapter 95.220 of the Washoe County Code: “Owners must have animals leashed no more than 6 feet in length and under immediate control at all times.”)

And also: The phrase “unwritten rules” implies that everyone goes along with it without even thinking. But we’ve all interacted with dog owners on local trails, letting their giant furballs knock over toddlers or chase goslings through the wetlands.

“Aw, he’s just a big puppy!” they’ll say, followed up with a halfhearted, “Down, Barnaby.”

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Clearly, leashing dogs is not an unwritten rule because it’s constantly being broken. A true unwritten rule for hiking trails would be something that rarely ever gets broken, like “wear pants at all times.” Really, the leash thing is more like a wish list for society, alongside such things as:

  • Don’t mow before 8 a.m.
  • Signal your turns and lane changes.
  • Merge when you see a lane closure ahead, not at the last minute. (Yes, make all your arguments about how last-minute merging saves space. It all amounts to “I’m going to cut ahead of everyone else and pretend that it’s for the greater good.”)
  • If you’re driving a large vehicle, park at the far end of the lot.
  • Several more things about driving, actually.

But let’s move on. I’ve been wracking my brain to think of actual “unwritten rules” for Northern Nevada that outsiders might not grasp right away, and I didn’t come up with many. But here goes:

It’s not rude to keep your favorite spots a secret, even from friends and family: Got a favorite local park or Lake Tahoe beach? You’re not even required to tell your own mother about it, because word will get out and everything will be ruined. We value our personal space, and the community is too small to keep anything under wraps.

Side note: You can’t do this with businesses, because you need your burrito spot to stay crowded and busy. If nobody goes to your secret hot springs, it’s not going to suddenly go out of business and turn into a vape shop.

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On Tahoe beaches, you can claim one beach towel’s worth of space per person, and that’s it: If word gets out about your favorite beach, you’ll have to start your day battling for a parking spot (bonus unwritten rule: You can’t reserve a parking spot by standing in it.)

The slightly less annoying ― but still difficult ― territory battle will be on the beach itself. Everyone but you will have a pop-up tent, several coolers and some sort of sound system. But societal convention dictates that any group can only claim the square footage of one beach towel per person, and leave ample space to walk between their beach site and the next one over.

Twenty minutes is a long drive in Reno-Sparks, but four hours is completely reasonable if you’re heading out of town: Recent transplants from more urban places like the Bay Area or Las Vegas will drive for 45 minutes to get to the one Target they like best. Around here, that sounds like hell.

On the other hand, driving for several hours to go see ichthyosaur skeletons or attend a Basque festival or go to a Giants game is completely reasonable. I can’t explain why this is. It might have something to do with hatred of stoplights.

Settle in a bit before complaining about outsiders: Yes, we know you just got here, and you want to prove your worthiness by complaining about Californians or Southern Nevadans, because that’s our local sport.

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On average, we’re not nearly as closed off as people say; only about one-quarter of Nevadans were actually born here, so most of us know what it’s like to be the new kid. But at least wait until you’ve unloaded the last box from your U-Haul before you start griping about how new arrivals are pricing everyone out.

You, on the other hand ― you, the person reading this article right now! ― know a lot more unwritten rules for Northern Nevada. Either that, or you have ideas on what should be unwritten rules. Send them my way at bmcginness@rgj.com, and we’ll debate all of them next week.

Guys, we’re bringing back Shopko

What lost places in Reno-Sparks should we bring back? That’s the question I posed last week; here’s what you said:

Let’s start with department store ShopKo, which had the highly underrated slogan, “Say hello to a good buy.” We had three ― on South Virginia, Mae Anne and Oddie Boulevard. Lauri Ferguson wrote in to compliment the selection, and noted “their products lasted too.” Sadly, the entire chain disappeared nearly a decade ago, so bringing them back might be the heaviest lift ever.

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“Bring back Famous Murphy’s,” wrote E. Pollard. “Can’t believe it ever closed and was then bulldozed and has been an empty dirt lot for more than 25 years.”

For the record, it’s actually been 18 years since it closed and 11 years since it was bulldozed, but the point stands.

“The purpose of the demolition is to make way for a new development being planned at this site,” developers told the RGJ in 2015. Anyway, it’s still an empty lot.

And finally, I had lamented over the lost Century Theaters dome on South Virginia, but Kurt Kinder mentioned one even more venerable, but equally lost: the Granada Theater, which originally opened in 1916, burned down in 1953 and reopened in 1954. It was torn down in 1997 and is now the site of the Palladio.

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Brett McGinness is the engagement editor for the Reno Gazette Journal. He’s also the writer of The Reno Memo — a free newsletter about news in the Biggest Little City.

Subscribe to the newsletter right here. Consider supporting the Reno Gazette Journal, too.



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Nevada veterans exposed to radiation, toxic chemicals near recognition under new bill

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Nevada veterans exposed to radiation, toxic chemicals near recognition under new bill


LAS VEGAS (FOX5) — Nevada veterans who say they were exposed to radiation and toxic chemicals at the Nevada Test and Training Range are one step closer to getting recognized and help.

Senator Jacky Rosen and Congresswoman Susie Lee are introducing an updated “Forgotten Veterans Act,” now renamed the Sergeant Dave Crete Forgotten Veterans Act, to force the Defense Department to document contamination on the range and identify every service member who served there.

Veterans say years of classified work have kept them from proving their exposure and getting VA benefits, even as they deal with cancer and other serious illnesses.

Under the bill, the Pentagon would have to formally list the range as contaminated, unmask where veterans served the VA, and clear up a path for them and their families to qualify for care and compensation.

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