Silver One Resources

Silver One Resources is employing advanced drone magnetometry and GPR at its Phoenix Silver Project in Arizona. These techniques aim to pinpoint high-grade silver deposits, believed to exist as discrete lenses, by mapping geological structures and subsurface anomalies. The surveys will focus on the 417 area and the historic Mexican Mine. Future gravity surveys and exploration at Nuggets North are also being considered.

Silver One Resources (SLVRF) increased its private placement to $6,016,600 due to oversubscription, offering 21,487,857 units at $0.28 each, comprising one common share and a half-warrant. Warrants allow purchase of a share at $0.40 within three years. Proceeds will fund exploration/drilling and working capital. The offering is subject to TSX Venture Exchange approval and a four-month resale restriction. Silver One focuses on silver project development, including the Candelaria Mine in Nevada.