Silver One Intersects 472 g/t Silver, 0.6 g/t Gold, plus 0.87% Lead - 1.10% Zinc, Extending Down-Dip Mineralization 400 Metres Beyond Open-Pit Resource

Original announcement by newsfile on

Company
Silver One Resources Inc.
Ticker
SVE
Exchange
Unavailable
Region
Nevada
Primary commodity
Silver
Secondary commodities
Gold, Lead, Zinc, Copper
Document categories
Drill results, Metallurgy
Extracted
2026-09-17 04:51:15 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Silver One Resources reported high-grade polymetallic drill results from its Candelaria Project in Nevada, including 9.14 m at 472 g/t silver, 0.6 g/t gold, 0.87% lead, and 1.10% zinc. These initial results from the 2026 campaign extended mineralization 400 meters down-dip, confirming continuity and scale. Historical metallurgical tests from 2023 showed good recoveries for sulphides via flotation and cyanidation.

Reasoning: The initial drill results from the 2026 campaign at Candelaria delivered high-grade polymetallic intercepts, including 9.14 m at 472 g/t Ag, 0.6 g/t Au, 0.87% Pb, and 1.10% Zn, and significantly extended mineralization 400 meters down-dip, demonstrating substantial upside potential and continuity.

Positive factors

  • High-grade polymetallic intercepts (silver, gold, lead, zinc)
  • Significant 400-meter down-dip extension of mineralization beyond the open-pit resource
  • Confirmation of continuity, thickness, and grade of the mineralized system
  • Sulphide mineralization amenable to conventional flotation and cyanidation processing
  • Comprehensive QA/QC procedures disclosed with ISO accredited lab

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 35

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept of 9.14 m averaging 472 g/t silver and 0.60 g/t gold is exceptionally high-grade for silver, well above typical thresholds.

Evidence · table

“472”

Context: 9.14

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Drill hole SOC26-196A extends the mineralization ~400 m down-dip north from the nearest drill hole used in the 2025 resource estimate.

Evidence · text

“Drill hole SOC26-196A extends the mineralization ~400 m down-dip north from the nearest drill hole used in the 2025 resource estimate”

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: The document states that true-widths are approximately 94% of drill intercepts, providing a clear indication of the relationship between downhole and true width.

Evidence · text

“True-widths are approximately 94% of drill intercepts.”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release details QA/QC procedures including certified lab (AAL, ISO 17025:2017), submission of certified standards, blanks, and duplicates.

Evidence · text

“All samples were assayed by American Assay Laboratories ("AAL") in Sparks, NV, USA (ISO accredited Laboratory, ISO/IEC 17025:2017). ... The QA/QC program included the submission of Certified Standards, blanks, core duplicates, as well as the insertion of crushed duplicates and pulp duplicates at random intervals.”

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap_leach route ("heap leach")

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a flotation route ("flotation")

Single Domain Onlynegative

Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

Extracted facts

Stored fact records: 35. Some facts used in scoring do not have a stored record.

Drill Results (31)

SO-C-26-196ACandelaria · silverGrade: 215Grade Unit: g/tIntercept: 25.91 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-196A
Project
Candelaria
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
215
Grade Unit
g/t
Intercept
25.91 m
From
542.55 m
To
568.46 m
Hole Depth
608.08 m
Intercept Depth
542.55 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-196A:542.55-568.46
Mining Method
unknown

Location

Easting
405496
Northing
4223753
CRS
UTM NAD83
Elevation
1827.82 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
250
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows a strong silver grade over a good width, contributing to the overall down-dip extension of the mineralized system.

Positive factors

  • Strong silver grade over a good width
  • Part of a significant down-dip extension
  • Polymetallic nature with gold, lead, and zinc credits

Evidence · table

“215”

Context: 25.91

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-196ACandelaria · goldGrade: 0.33Grade Unit: g/tIntercept: 25.91 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-196A
Project
Candelaria
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.33
Grade Unit
g/t
Intercept
25.91 m
From
542.55 m
To
568.46 m
Hole Depth
608.08 m
Intercept Depth
542.55 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-196A:542.55-568.46
Mining Method
unknown

Location

Easting
405496
Northing
4223753
CRS
UTM NAD83
Elevation
1827.82 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
250
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This gold grade provides a valuable credit within the significant polymetallic intercept, supporting the project's overall economics.

Positive factors

  • Gold credit within a broader polymetallic intercept
  • Contributes to the overall down-dip extension

Evidence · table

“0.33”

Context: 25.91

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-196ACandelaria · copperGrade: 0.02Grade Unit: %Intercept: 25.91 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-196A
Project
Candelaria
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.02
Grade Unit
%
Intercept
25.91 m
From
542.55 m
To
568.46 m
Hole Depth
608.08 m
Intercept Depth
542.55 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-196A:542.55-568.46
Mining Method
unknown

Location

Easting
405496
Northing
4223753
CRS
UTM NAD83
Elevation
1827.82 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
250
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This copper grade is a minor component within the broader polymetallic intercept.

Evidence · table

“0.02”

Context: 25.91

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-196ACandelaria · leadGrade: 0.43Grade Unit: %Intercept: 25.91 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-196A
Project
Candelaria
Commodity
lead
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.43
Grade Unit
%
Intercept
25.91 m
From
542.55 m
To
568.46 m
Hole Depth
608.08 m
Intercept Depth
542.55 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-196A:542.55-568.46
Mining Method
unknown

Location

Easting
405496
Northing
4223753
CRS
UTM NAD83
Elevation
1827.82 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
250
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This lead grade adds to the polymetallic value of the intercept, enhancing the project's economic potential.

Positive factors

  • Lead credit within a broader polymetallic intercept
  • Contributes to the overall down-dip extension

Evidence · table

“0.43”

Context: 25.91

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-196ACandelaria · zincGrade: 0.51Grade Unit: %Intercept: 25.91 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-196A
Project
Candelaria
Commodity
zinc
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.51
Grade Unit
%
Intercept
25.91 m
From
542.55 m
To
568.46 m
Hole Depth
608.08 m
Intercept Depth
542.55 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-196A:542.55-568.46
Mining Method
unknown

Location

Easting
405496
Northing
4223753
CRS
UTM NAD83
Elevation
1827.82 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
250
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This zinc grade further enhances the polymetallic nature of the intercept, contributing to the project's overall value.

Positive factors

  • Zinc credit within a broader polymetallic intercept
  • Contributes to the overall down-dip extension

Evidence · table

“0.51”

Context: 25.91

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-196ACandelaria · silverGrade: 472Grade Unit: g/tIntercept: 9.14 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-196A
Project
Candelaria
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
472
Grade Unit
g/t
Intercept
9.14 m
From
542.55 m
To
551.69 m
Hole Depth
608.08 m
Intercept Depth
542.55 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-196A:542.55-551.69
Mining Method
unknown

Location

Easting
405496
Northing
4223753
CRS
UTM NAD83
Elevation
1827.82 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
540
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This bonanza-grade silver intercept is a highlight of the drill program, demonstrating very high-grade mineralization and contributing significantly to the project's down-dip extension.

Positive factors

  • Exceptional silver grade over a good width
  • High-grade core within a broader intercept
  • Significant contribution to the down-dip extension
  • Strong polymetallic credits (gold, lead, zinc)

Evidence · table

“472”

Context: 9.14

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-196ACandelaria · goldGrade: 0.6Grade Unit: g/tIntercept: 9.14 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-196A
Project
Candelaria
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.6
Grade Unit
g/t
Intercept
9.14 m
From
542.55 m
To
551.69 m
Hole Depth
608.08 m
Intercept Depth
542.55 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-196A:542.55-551.69
Mining Method
unknown

Location

Easting
405496
Northing
4223753
CRS
UTM NAD83
Elevation
1827.82 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This gold grade significantly adds to the value of the high-grade silver intercept, making it a very attractive polymetallic zone.

Positive factors

  • Strong gold credit within a high-grade polymetallic intercept
  • Enhances the overall value of the bonanza silver zone

Evidence · table

“0.6”

Context: 9.14

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-196ACandelaria · copperGrade: 0.04Grade Unit: %Intercept: 9.14 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-196A
Project
Candelaria
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.04
Grade Unit
%
Intercept
9.14 m
From
542.55 m
To
551.69 m
Hole Depth
608.08 m
Intercept Depth
542.55 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-196A:542.55-551.69
Mining Method
unknown

Location

Easting
405496
Northing
4223753
CRS
UTM NAD83
Elevation
1827.82 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This copper grade is a minor component within the high-grade polymetallic intercept.

Evidence · table

“0.04”

Context: 9.14

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-196ACandelaria · leadGrade: 0.87Grade Unit: %Intercept: 9.14 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-196A
Project
Candelaria
Commodity
lead
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.87
Grade Unit
%
Intercept
9.14 m
From
542.55 m
To
551.69 m
Hole Depth
608.08 m
Intercept Depth
542.55 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-196A:542.55-551.69
Mining Method
unknown

Location

Easting
405496
Northing
4223753
CRS
UTM NAD83
Elevation
1827.82 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This lead grade significantly contributes to the polymetallic value of the high-grade silver intercept.

Positive factors

  • Strong lead credit within a high-grade polymetallic intercept
  • Enhances the overall value of the bonanza silver zone

Evidence · table

“0.87”

Context: 9.14

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-196ACandelaria · zincGrade: 1.1Grade Unit: %Intercept: 9.14 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-196A
Project
Candelaria
Commodity
zinc
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
1.1
Grade Unit
%
Intercept
9.14 m
From
542.55 m
To
551.69 m
Hole Depth
608.08 m
Intercept Depth
542.55 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-196A:542.55-551.69
Mining Method
unknown

Location

Easting
405496
Northing
4223753
CRS
UTM NAD83
Elevation
1827.82 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This zinc grade significantly contributes to the polymetallic value of the high-grade silver intercept.

Positive factors

  • Strong zinc credit within a high-grade polymetallic intercept
  • Enhances the overall value of the bonanza silver zone

Evidence · table

“1.10”

Context: 9.14

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-197Candelaria · silverGrade: 454Grade Unit: g/tIntercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-197
Project
Candelaria
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
454
Grade Unit
g/t
Intercept
3.05 m
From
391.67 m
To
394.72 m
Hole Depth
484.03 m
Intercept Depth
391.67 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-197:391.67-394.72
Mining Method
unknown

Location

Easting
405637
Northing
4223616
CRS
UTM NAD83
Elevation
1864 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
539
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This high-grade silver intercept, though narrower, confirms the presence of very rich mineralization and contributes to the overall positive results.

Positive factors

  • Very high silver grade
  • Strong polymetallic credits (gold, lead, zinc)
  • Confirms continuity of high-grade mineralization

Evidence · table

“454”

Context: 3.05

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-197Candelaria · goldGrade: 0.68Grade Unit: g/tIntercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-197
Project
Candelaria
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.68
Grade Unit
g/t
Intercept
3.05 m
From
391.67 m
To
394.72 m
Hole Depth
484.03 m
Intercept Depth
391.67 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-197:391.67-394.72
Mining Method
unknown

Location

Easting
405637
Northing
4223616
CRS
UTM NAD83
Elevation
1864 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
539
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This gold grade adds significant value to the high-grade silver intercept, confirming the polymetallic nature of the mineralization.

Positive factors

  • Strong gold credit within a high-grade polymetallic intercept
  • Enhances the overall value of the zone

Evidence · table

“0.68”

Context: 3.05

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-197Candelaria · copperGrade: 0.04Grade Unit: %Intercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-197
Project
Candelaria
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.04
Grade Unit
%
Intercept
3.05 m
From
391.67 m
To
394.72 m
Hole Depth
484.03 m
Intercept Depth
391.67 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-197:391.67-394.72
Mining Method
unknown

Location

Easting
405637
Northing
4223616
CRS
UTM NAD83
Elevation
1864 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
539
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This copper grade is a minor component within the high-grade polymetallic intercept.

Evidence · table

“0.04”

Context: 3.05

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-197Candelaria · leadGrade: 1.45Grade Unit: %Intercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-197
Project
Candelaria
Commodity
lead
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
1.45
Grade Unit
%
Intercept
3.05 m
From
391.67 m
To
394.72 m
Hole Depth
484.03 m
Intercept Depth
391.67 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-197:391.67-394.72
Mining Method
unknown

Location

Easting
405637
Northing
4223616
CRS
UTM NAD83
Elevation
1864 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
539
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This lead grade significantly contributes to the polymetallic value of the high-grade silver intercept.

Positive factors

  • Strong lead credit within a high-grade polymetallic intercept
  • Enhances the overall value of the zone

Evidence · table

“1.45”

Context: 3.05

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-197Candelaria · zincGrade: 1.77Grade Unit: %Intercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-197
Project
Candelaria
Commodity
zinc
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
1.77
Grade Unit
%
Intercept
3.05 m
From
391.67 m
To
394.72 m
Hole Depth
484.03 m
Intercept Depth
391.67 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-197:391.67-394.72
Mining Method
unknown

Location

Easting
405637
Northing
4223616
CRS
UTM NAD83
Elevation
1864 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
539
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This zinc grade significantly contributes to the polymetallic value of the high-grade silver intercept.

Positive factors

  • Strong zinc credit within a high-grade polymetallic intercept
  • Enhances the overall value of the zone

Evidence · table

“1.77”

Context: 3.05

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-197Candelaria · silverGrade: 112Grade Unit: g/tIntercept: 4.58 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-197
Project
Candelaria
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
112
Grade Unit
g/t
Intercept
4.58 m
From
403.86 m
To
408.44 m
Hole Depth
484.03 m
Intercept Depth
403.86 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-197:403.86-408.44
Mining Method
unknown

Location

Easting
405637
Northing
4223616
CRS
UTM NAD83
Elevation
1864 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
131
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows a good silver grade with polymetallic credits, further indicating the widespread mineralization.

Positive factors

  • Good silver grade over a moderate width
  • Polymetallic credits (gold, lead, zinc)

Evidence · table

“112”

Context: 4.58

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-197Candelaria · goldGrade: 0.16Grade Unit: g/tIntercept: 4.58 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-197
Project
Candelaria
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.16
Grade Unit
g/t
Intercept
4.58 m
From
403.86 m
To
408.44 m
Hole Depth
484.03 m
Intercept Depth
403.86 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-197:403.86-408.44
Mining Method
unknown

Location

Easting
405637
Northing
4223616
CRS
UTM NAD83
Elevation
1864 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This gold grade provides a credit within the polymetallic intercept, contributing to the overall value.

Positive factors

  • Gold credit within a polymetallic intercept

Evidence · table

“0.16”

Context: 4.58

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-197Candelaria · copperGrade: 0.01Grade Unit: %Intercept: 4.58 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-197
Project
Candelaria
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.01
Grade Unit
%
Intercept
4.58 m
From
403.86 m
To
408.44 m
Hole Depth
484.03 m
Intercept Depth
403.86 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-197:403.86-408.44
Mining Method
unknown

Location

Easting
405637
Northing
4223616
CRS
UTM NAD83
Elevation
1864 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This copper grade is a minor component within the polymetallic intercept.

Evidence · table

“0.01”

Context: 4.58

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-197Candelaria · leadGrade: 0.24Grade Unit: %Intercept: 4.58 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-197
Project
Candelaria
Commodity
lead
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.24
Grade Unit
%
Intercept
4.58 m
From
403.86 m
To
408.44 m
Hole Depth
484.03 m
Intercept Depth
403.86 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-197:403.86-408.44
Mining Method
unknown

Location

Easting
405637
Northing
4223616
CRS
UTM NAD83
Elevation
1864 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This lead grade provides a credit within the polymetallic intercept, contributing to the overall value.

Positive factors

  • Lead credit within a polymetallic intercept

Evidence · table

“0.24”

Context: 4.58

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SO-C-26-197Candelaria · zincGrade: 0.42Grade Unit: %Intercept: 4.58 mView all details
Link to this fact

Identity

Hole ID
SO-C-26-197
Project
Candelaria
Commodity
zinc
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.42
Grade Unit
%
Intercept
4.58 m
From
403.86 m
To
408.44 m
Hole Depth
484.03 m
Intercept Depth
403.86 m

Classification

Program
exploration
Sample Type
drill
Group ID
SO-C-26-197:403.86-408.44
Mining Method
unknown

Location

Easting
405637
Northing
4223616
CRS
UTM NAD83
Elevation
1864 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This zinc grade provides a credit within the polymetallic intercept, contributing to the overall value.

Positive factors

  • Zinc credit within a polymetallic intercept

Evidence · table

“0.42”

Context: 4.58

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

IncludesCandelaria · goldGrade: 0.6Grade Unit: g/tIntercept: 9.14 mView all details
Link to this fact

Identity

Hole ID
Includes
Project
Candelaria
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.6
Grade Unit
g/t
Intercept
9.14 m
From
542.55 m
To
551.69 m
Intercept Depth
542.55 m

Classification

Sample Type
drill
Group ID
Includes:542.55-551.69
Mining Method
unknown

Location

CRS
UTM NAD83

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
540
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Expanded from assay table. 0.6 g/t gold is weak against the default band [5, 2, 1, 0.3] g/t. Grade×width 5.5 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.6”

Context: Includes

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

IncludesCandelaria · silverGrade: 472Grade Unit: g/tIntercept: 9.14 mView all details
Link to this fact

Identity

Hole ID
Includes
Project
Candelaria
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
472
Grade Unit
g/t
Intercept
9.14 m
From
542.55 m
To
551.69 m
Intercept Depth
542.55 m

Classification

Sample Type
drill
Group ID
Includes:542.55-551.69
Mining Method
unknown

Location

CRS
UTM NAD83

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
540
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Expanded from assay table. 472 g/t silver is strong against the default band [500, 200, 100, 30] g/t. Grade×width 4314.1 g/t·m is strong.

Positive factors

  • 472 g/t silver is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“472”

Context: Includes

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

IncludesCandelaria · copperGrade: 0.04Grade Unit: %Intercept: 9.14 mView all details
Link to this fact

Identity

Hole ID
Includes
Project
Candelaria
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.04
Grade Unit
%
Intercept
9.14 m
From
542.55 m
To
551.69 m
Intercept Depth
542.55 m

Classification

Sample Type
drill
Group ID
Includes:542.55-551.69
Mining Method
unknown

Location

CRS
UTM NAD83

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
540
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Expanded from assay table. 0.04 % copper is below against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 0.4 %·m is below.

Negative factors

  • 0.04 % copper is below the weak threshold (0.25 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.04”

Context: Includes

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

IncludesCandelaria · leadGrade: 0.87Grade Unit: %Intercept: 9.14 mView all details
Link to this fact

Identity

Hole ID
Includes
Project
Candelaria
Commodity
lead
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.87
Grade Unit
%
Intercept
9.14 m
From
542.55 m
To
551.69 m
Intercept Depth
542.55 m

Classification

Sample Type
drill
Group ID
Includes:542.55-551.69
Mining Method
unknown

Location

CRS
UTM NAD83

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
540
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Expanded from assay table. 0.87 % lead is below against the default band [10, 6, 3, 1] %. Grade×width 8.0 %·m is below.

Negative factors

  • 0.87 % lead is below the weak threshold (1 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.87”

Context: Includes

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

IncludesCandelaria · zincGrade: 1.1Grade Unit: %Intercept: 9.14 mView all details
Link to this fact

Identity

Hole ID
Includes
Project
Candelaria
Commodity
zinc
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
1.1
Grade Unit
%
Intercept
9.14 m
From
542.55 m
To
551.69 m
Intercept Depth
542.55 m

Classification

Sample Type
drill
Group ID
Includes:542.55-551.69
Mining Method
unknown

Location

CRS
UTM NAD83

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
540
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Expanded from assay table. 1.1 % zinc is below against the default band [18, 10, 5, 2] %. Grade×width 10.1 %·m is below.

Negative factors

  • 1.1 % zinc is below the weak threshold (2 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.10”

Context: Includes

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

andCandelaria · goldGrade: 0.16Grade Unit: g/tIntercept: 4.58 mView all details
Link to this fact

Identity

Hole ID
and
Project
Candelaria
Commodity
gold
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.16
Grade Unit
g/t
Intercept
4.58 m
From
403.86 m
To
408.44 m
Intercept Depth
403.86 m

Classification

Sample Type
drill
Group ID
and:403.86-408.44
Mining Method
unknown

Location

CRS
UTM NAD83

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
131
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Expanded from assay table. 0.16 g/t gold is below against the default band [5, 2, 1, 0.3] g/t. Grade×width 0.7 g/t·m is below.

Negative factors

  • 0.16 g/t gold is below the weak threshold (0.3 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.16”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

andCandelaria · silverGrade: 112Grade Unit: g/tIntercept: 4.58 mView all details
Link to this fact

Identity

Hole ID
and
Project
Candelaria
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
112
Grade Unit
g/t
Intercept
4.58 m
From
403.86 m
To
408.44 m
Intercept Depth
403.86 m

Classification

Sample Type
drill
Group ID
and:403.86-408.44
Mining Method
unknown

Location

CRS
UTM NAD83

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
131
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Expanded from assay table. 112 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 513.0 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“112”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

andCandelaria · copperGrade: 0.01Grade Unit: %Intercept: 4.58 mView all details
Link to this fact

Identity

Hole ID
and
Project
Candelaria
Commodity
copper
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.01
Grade Unit
%
Intercept
4.58 m
From
403.86 m
To
408.44 m
Intercept Depth
403.86 m

Classification

Sample Type
drill
Group ID
and:403.86-408.44
Mining Method
unknown

Location

CRS
UTM NAD83

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
131
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Expanded from assay table. 0.01 % copper is below against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 0.0 %·m is below.

Negative factors

  • 0.01 % copper is below the weak threshold (0.25 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.01”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

andCandelaria · leadGrade: 0.24Grade Unit: %Intercept: 4.58 mView all details
Link to this fact

Identity

Hole ID
and
Project
Candelaria
Commodity
lead
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.24
Grade Unit
%
Intercept
4.58 m
From
403.86 m
To
408.44 m
Intercept Depth
403.86 m

Classification

Sample Type
drill
Group ID
and:403.86-408.44
Mining Method
unknown

Location

CRS
UTM NAD83

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
131
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Expanded from assay table. 0.24 % lead is below against the default band [10, 6, 3, 1] %. Grade×width 1.1 %·m is below.

Negative factors

  • 0.24 % lead is below the weak threshold (1 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.24”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

andCandelaria · zincGrade: 0.42Grade Unit: %Intercept: 4.58 mView all details
Link to this fact

Identity

Hole ID
and
Project
Candelaria
Commodity
zinc
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
0.42
Grade Unit
%
Intercept
4.58 m
From
403.86 m
To
408.44 m
Intercept Depth
403.86 m

Classification

Sample Type
drill
Group ID
and:403.86-408.44
Mining Method
unknown

Location

CRS
UTM NAD83

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
131
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Expanded from assay table. 0.42 % zinc is below against the default band [18, 10, 5, 2] %. Grade×width 1.9 %·m is below.

Negative factors

  • 0.42 % zinc is below the weak threshold (2 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.42”

Context: and

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

SOC26-197Candelaria · silverGrade: 454Grade Unit: g/tIntercept: 3.05 mView all details
Link to this fact

Identity

Hole ID
SOC26-197
Project
Candelaria
Commodity
silver
Region
usa_nv
Reported Region
usa_nv
Ticker
SVE

Geometry

Grade
454
Grade Unit
g/t
Intercept
3.05 m
From
391.67 m
To
394.72 m

Classification

Sample Type
drill

QA/QC

Laboratory
American Assay Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows a strong silver grade over a good width, contributing to the overall down-dip extension of the mineralized system.

Positive factors

  • Strong silver grade over a good width
  • Part of a significant down-dip extension
  • Polymetallic nature with gold, lead, and zinc credits

Evidence · text

“3.05 m averaging 454 g/t Ag, 0.68 g/t Au, 1.45% Pb, 1.77% Zn (539 g/t AgEq) from 391.67 m”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immed"

Metallurgical Results (4)

cyanidationCandelaria Project · silverRecovery: 77.5 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Candelaria Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
SVE

Test Work

Program Status
preliminary
Test Type
cyanidation
Processing Route
cyanidation of flotation tails
Sample
sulphide samples from two drill holes drilled in 2022

Recovery

Recovery
77.5 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-14T00:00:00.000Z

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This historical recovery for silver via cyanidation of flotation tails is strong, indicating a robust method for maximizing precious metal extraction.

Positive factors

  • Significantly improved silver recovery
  • Confirms effective precious metal extraction from flotation tails
  • Supports conventional processing flowsheets

Evidence · text

“increasing silver recovery to 71%- 84% (average 77.5%)”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

cyanidationCandelaria Project · goldRecovery: 82 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Candelaria Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
SVE

Test Work

Program Status
preliminary
Test Type
cyanidation
Processing Route
cyanidation of flotation tails
Sample
sulphide samples from two drill holes drilled in 2022

Recovery

Recovery
82 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-14T00:00:00.000Z

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This historical recovery for gold via cyanidation of flotation tails is strong, indicating a robust method for maximizing precious metal extraction.

Positive factors

  • Significantly improved gold recovery
  • Confirms effective precious metal extraction from flotation tails
  • Supports conventional processing flowsheets

Evidence · text

“gold recovery to 75%-89% (average 82%)”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

flotationCandelaria Project · leadRecovery: 50 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Candelaria Project
Commodity
lead
Region
usa_nv
Reported Region
Nevada
Ticker
SVE

Test Work

Program Status
preliminary
Test Type
flotation
Processing Route
flotation
Sample
sulphide samples from two drill holes drilled in 2022

Recovery

Recovery
50 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-14T00:00:00.000Z

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This historical flotation recovery for lead is moderate, supporting the potential for base metal recovery from sulphides.

Positive factors

  • Demonstrates amenability of sulphide mineralization to flotation
  • Provides context for potential base metal recovery

Evidence · text

“50% lead”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

flotationCandelaria Project · zincRecovery: 37 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Candelaria Project
Commodity
zinc
Region
usa_nv
Reported Region
Nevada
Ticker
SVE

Test Work

Program Status
preliminary
Test Type
flotation
Processing Route
flotation
Sample
sulphide samples from two drill holes drilled in 2022

Recovery

Recovery
37 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-14T00:00:00.000Z

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This historical flotation recovery for zinc is weak, suggesting further optimization might be needed for this metal.

Positive factors

  • Demonstrates amenability of sulphide mineralization to flotation
  • Provides context for potential base metal recovery

Evidence · text

“37% zinc”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

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.