Silver One Commences Drilling at Its 100% Owned, Past Producing Candelaria Silver MINE, Nevada
SILVER ONE COMMENCES DRILLING AT ITS 100% OWNED, PAST PRODUCING
CANDELARIA SILVER MINE, NEVADA
Vancouver, BC – January 10, 2022 - Silver One Resources Inc. (TSXV: SVE; OTCQX: SLVRF; FSE: BRK1 - “Silver
One” or the “Company”) is pleased to announce commencement of a 7,500-meter reverse circulation drilling
program on its 100% owned Candelaria Project located in western Nevada, USA. This program will augment
results beyond the significant progress made in the 2021 drill and exploration programs , as the Company
proceeds to define updated resources and advances towards an economic study in 2022.
The upcoming drill program will consist o f up to 32 holes and will concentrate on two main goals. It will
continue to examine and potentially expand near -surface silver-oxide mineralization along strike from the
previously mined Mount Diablo and Northern Belle open-pits (Fig. 1). Drilling will also fill in areas along the
potential extensions to the higher-grade, down-dip continuation of the mineralized system. Drilling in 2020-
2021 intercepted multiple high-grade intervals in the hundreds of grams per metric tonne (“g/t”) silver with
significant gold values. These higher grade intercepts were outlined in the Company’s July 15, 2021 news
release, where a high-grade intercept of 1,070 g/t silver and 1.48 g/t gold over 4.57 meters, within a 25.91 -
meter interval that averaged 248.5 g/t silver and 0.40 g/t gold in hole SO-C-21-92 was reported and in a May
26, 2021 Company news release where a high-grade intercept of 1,776 g/t silver and 2.55 g/t gold over 1.52
meters, within a 7.62 -meter interval that averaged 563 g/t silver and 0.73 g/t gold in hole SO-C-21-73 was
delineated.
Additionally, a reinterpretation of the magnetic data (see Company News Releases of November 18, 2019, and
July 15, 2021) is being undertaken, with the aim of helping to refine additional deep porphyry related targets
similar to those identified in hole SO-C-21-081 in which over 350 meters of porphyry-style alteration starting
at a depth of approximately 600 meters below the near-surface, silver oxide mineralization was intersected
(see Company news release of July 15, 2021). Porphyry-style mineralization has also been noted in material
collected on historic adit dumps, where selected rock s amples with skarn alteration and co arse-grained
chalcopyrite, returned assays of up to 2.76% copper, 25 g/t silver and 0.67 gm/t gold. These skarn rock types
are often spatially close to larger porphyry mineralized systems. Targets identified through the geophysical
re-interpretations will be the focus of future drilling.
Gregory Crowe, President and CEO commented: “The 2022 exploration season is looking to be very active for
Silver One. We will be significantly advancing our past -producing Candelaria silver project through drilling,
metallurgical studies, resource updates and an economic study. Additional surface exploration and
geophysical studies will advance other aspects of the property. Silver One will also continue to advance its very
high-grade silver opportunity at its Phoenix Silver Project, Arizona, where it is awaiting a drill permit th rough
the Forest Service. The Company will also be examining permitting of additional targets at its high -grade,
silver-gold-copper vein system at Cherokee, Nevada.”
Figure 1. Drill hole locations of planned holes and previous holes in the Mount Diablo and Northern Belle pits
area.
Qualified Person
The technical content of this news release has been reviewed and approved by Robert M. Cann, P. Geo, and a
Qualified Person as defined by National Instrument 43-101.
About Silver One
Silver One is focused on the exploration and development of quality silver projects. The Company holds an
option to acquire 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 previously identified high -grade silv er
intercepts down-dip and potentially increasing the substantive silver mineralization along-strike from the two
past-producing open pits.
The Company has staked 636 lode claims and entered into a Lease/Purchase Agreement to acquire 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 holds an option to acquire a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project
is a very high -grade native silver prospect that 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 : [email protected]
Forward-Looking Statements
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 gu arantees 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 impl ied 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.
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IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.