Silver One Initiates Drilling on Candelaria's, Nevada Heap Leach Pads to Upgrade Resources and Prepare for Pilot Metallurgical Testing
Original announcement by tmx on
- Company
- Silver One Resources Inc.
- Ticker
- SVE
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Silver
- Secondary commodities
- Gold
- Document categories
- Resource update, Other
- Extracted
- 2026-09-13 02:46:46 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver One Resources Inc. has launched a 1,400-meter drilling campaign at its Candelaria Project in Nevada to upgrade leach pad mineral resources from Indicated and Inferred to Measured and Indicated. The program will also provide bulk samples for metallurgical pilot testing to support the company's ongoing Pre-Feasibility Study.
Reasoning: The announcement details a new drilling campaign intended to upgrade existing silver resources and provide bulk samples for metallurgical testing, supporting an ongoing PFS.
Positive factors
- resource conversion intent
- metallurgical pilot testing planned
- substantial existing silver resources
Facts used in scoring: 4
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The company is launching a drilling campaign to upgrade existing leach pad resources.
Evidence · text
“designed to upgrade the Leach Pad Indicated and Inferred mineral resources to Measured and Indicated”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The announcement explicitly details the Inferred category of the leach pad resource.
Evidence · text
“The Inferred category comprises an additional 11.45 million tonnes”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
indicatedCandelaria Project · silverTonnes: 22180000Grade: 42.1Grade Unit: g/tContained Metal: 30.02Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Candelaria Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SVE
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:2292da1a75fd9e879ad1
- Deposit or zone
- Leach Pad
- Material type
- leach pad
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 22180000
- Grade
- 42.1
- Grade Unit
- g/t
- Contained Metal
- 30.02
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2025-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-06T00:00:00.000Z
Dates
- Event date
- 2026-02-23T00:00:00.000Z
Reasoning: Indicated resource component of the leach pad.
Positive factors
- substantial silver tonnage
Evidence · text
“22.18 million tonnes grading 42.1 g/t silver and 0.074 g/t gold, containing 30.02 million ounces of silver and 52,000 ounces of gold in the Indicated category”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCandelaria Project · goldTonnes: 22180000Grade: 0.074Grade Unit: g/tContained Metal: 52000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Candelaria Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SVE
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:2292da1a75fd9e879ad1
- Deposit or zone
- Leach Pad
- Material type
- leach pad
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 22180000
- Grade
- 0.074
- Grade Unit
- g/t
- Contained Metal
- 52000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-06T00:00:00.000Z
Dates
- Event date
- 2026-02-23T00:00:00.000Z
Reasoning: Gold byproduct in the Indicated resource.
Evidence · text
“22.18 million tonnes grading 42.1 g/t silver and 0.074 g/t gold, containing 30.02 million ounces of silver and 52,000 ounces of gold in the Indicated category”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCandelaria Project · silverTonnes: 11450000Grade: 41.8Grade Unit: g/tContained Metal: 15.4Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Candelaria Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SVE
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:4884f509c91da5401f48
- Deposit or zone
- Leach Pad
- Material type
- leach pad
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 11450000
- Grade
- 41.8
- Grade Unit
- g/t
- Contained Metal
- 15.4
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2025-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-06T00:00:00.000Z
Dates
- Event date
- 2026-02-23T00:00:00.000Z
Reasoning: Inferred resource component of the leach pad.
Positive factors
- substantial silver tonnage
Evidence · text
“11.45 million tonnes grading 41.8 g/t silver and 0.10 g/t gold, containing 15.4 million ounces of silver and 36,700 ounces of gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCandelaria Project · goldTonnes: 11450000Grade: 0.1Grade Unit: g/tContained Metal: 36700Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Candelaria Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SVE
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:4884f509c91da5401f48
- Deposit or zone
- Leach Pad
- Material type
- leach pad
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 11450000
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 36700
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-06T00:00:00.000Z
Dates
- Event date
- 2026-02-23T00:00:00.000Z
Reasoning: Gold byproduct in the Inferred resource.
Evidence · text
“11.45 million tonnes grading 41.8 g/t silver and 0.10 g/t gold, containing 15.4 million ounces of silver and 36,700 ounces of gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.