# Silver One Initiates Drilling on Candelaria's, Nevada Heap Leach Pads to Upgrade Resources and Prepare for Pilot Metallurgical Testing Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silver-one-initiates-drilling-on-candelaria-s-nevada-heap-leach-pads-to-upgrade--f355f60f-b904-4977-aaea-c55f378c624d Original source: https://money.tmx.com/en/quote/SVE/news/8337635795688061/silver-one-initiates-drilling-on-candelaria-s-nevada-heap-leach-pads-to-upgrade- Publisher: tmx Original announcement: 2026-02-23T17:20:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: resource conversion intent - Positive factor: metallurgical pilot testing planned - Positive factor: substantial existing silver resources Facts used in scoring: 4 ## Classification and evidence **Resource Update** Polarity: neutral Definition: 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 Resource** Polarity: negative Definition: 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) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-one-initiates-drilling-on-candelaria-s-nevada-heap-leach-pads-to-upgrade--f355f60f-b904-4977-aaea-c55f378c624d#fact-resource-facts-0) Candelaria Project · silver Historical result Needs review: historical\_restatement #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-one-initiates-drilling-on-candelaria-s-nevada-heap-leach-pads-to-upgrade--f355f60f-b904-4977-aaea-c55f378c624d#fact-resource-facts-1) Candelaria Project · gold Historical result Needs review: historical\_restatement #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-one-initiates-drilling-on-candelaria-s-nevada-heap-leach-pads-to-upgrade--f355f60f-b904-4977-aaea-c55f378c624d#fact-resource-facts-2) Candelaria Project · silver Historical result Needs review: historical\_restatement #### 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 factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-one-initiates-drilling-on-candelaria-s-nevada-heap-leach-pads-to-upgrade--f355f60f-b904-4977-aaea-c55f378c624d#fact-resource-facts-3) Candelaria Project · gold Historical result Needs review: historical\_restatement #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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.