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Airborne Geophysical Survey Outlines New Exploration Targets at Silver One's Cherokee Project in Nevada

Mining News - Published on Fri, 15 Nov 2019

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Silver One Resources Inc announced that it has completed a property wide geophysical survey at its 100% owned Cherokee silver-gold-copper epithermal project in Lincoln County, Nevada. Cherokee hosts multiple high-grade epithermal style precious and base metal bearing vein systems that have been traced for a combined length of over 16 km. Mr Greg Crowe, President and CEO said “This gradient magnetic survey has been very successful in not only outlining previously known vein systems, but has identified several other structural and geological features that may be important with respect to finding new areas of mineralization. It will also help in understanding the genesis of the mineralizing system”

He said "Upon an initial review of the data, three main features stand out. A large circular or ring like structure, suggestive of a caldera, lies immediately northwest of a large elliptical shaped magnetic high in the eastern portion of the property. This magnetic high may be indicative of a buried intrusive that could be the source of the mineralizing fluids evident today in high-grade silver-gold-copper surface veins. This intrusive event may also be associated with hydrothermally altered areas throughout the property, including intense silica alteration and jasperoids around the Johnnie and Viola areas. Other important features include strong linear features that are coincidental with known areas of mineralization that host the Cherokee and Mojoto veins as well as the silver and gold-rich Johnnie Mine and Hidden Treasure areas. The results of this survey clearly indicate that many newly identified prospective areas need to be explored in order to understand the overall upside potential of this previously unidentified new epithermal discovery. This is particularly true in view of the fact there is no recorded evidence of historic drilling or other systematic testing of these high-grade vein systems and areas of alteration that are located throughout the property."

The survey was conducted by SHA geophysics Ltd ON Canada and consisted of a helicopter-borne magnetic gradient survey covering the entire property, with 719 line-km with a line spacing of 100 meters and a sensor elevation of 40 meters from the ground.

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Posted By : Rabi Wangkhem on Fri, 15 Nov 2019
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