TSX-V-listed Silver One Resources has announced the staking of new claims, significantly expanding its ground holdings at the Phoenix silver project, near Globe, Arizona.
The newly staked claims cover the continuation of magnetic anomalies located in the southern part of the property. These anomalies, which are located at the northeast end of the prolific 30 km-long north-east-trending Resolution-Globe/Miami copper belt, are interpreted to be potentially related to deep porphyry copper systems.
Silver One president and CEO Greg Crowe says the additional ground is in a prime location, adjacent to and along strike from the large Freeport McMoRan Miami copper mine and in close proximity to BHP’s new Ocelot porphyry copper discovery.
“This current land expansion provides an excellent opportunity for new copper discoveries. We are fortunate to have the ability to earn a 100% interest in the Phoenix silver project which contains not only extremely high-grade silver targets, but also hosts porphyry copper potential within an active and prolific copper/silver belt,” said Crowe.
The new staking includes 139 unpatented lode claims covering 1 162 ha. In total, the property now covers 4 051 ha in 514 lode claims.