Silver One Resources Inc. reports developments tied to silver exploration and project development in the southwestern United States. The company holds a 100% interest in the past-producing Candelaria Mine in Nevada, where news commonly covers drilling, heap-leach resource work, metallurgical testing, geotechnical studies and pre-feasibility activities.
Company updates also address the Cherokee project in Lincoln County, Nevada, which hosts silver-copper-gold vein systems, and the Silver Phoenix Project in Arizona, a native silver prospect in the Arizona Silver Belt. Recurring corporate news includes private placements, stock option grants, technical conference presentations and field-program results.
Silver One Resources (SLVRF) identified seven additional silver targets at its Candelaria Project in Nevada through an airborne geophysical survey and reconnaissance. The May 2026 survey also identified six potential copper-silver-gold porphyry targets, possible large mineralized systems associated with intrusive rock. Silver One staked 382 new claims covering 3,128 hectares (7,730 acres) southwest of the property.
Initial reconnaissance included 92 selected and channel rock samples, with copper up to 48,895 ppm and silver up to 272 ppm. These are exploration results, not confirmed porphyry discoveries. More than half the property is covered by later volcanic rocks or surface deposits, requiring indirect exploration methods. The silver target areas have not been mapped or sampled in detail. A 25,000-metre drilling program is progressing to extend mineralization beyond the current resource.
Silver One Resources (SLVRF) has mobilized a reverse-circulation drill rig to its Candelaria project in Nevada, with drilling scheduled immediately. National Drilling mobilized the rig in September. Major Drilling America is scheduled to resume drilling, and Evolve Drilling to mobilize a rig with reverse-circulation and core capacity, in the second half of October.
Silver One expects three rigs to accelerate its 25,000-metre program, targeting completion in the first quarter of 2027. The campaign aims to expand resources, test new targets and assess future infrastructure sites. Previously reported assays included 472 g/t silver over 9.14 metres within 25.91 metres averaging 215 g/t silver, extending down-dip mineralization approximately 400 metres beyond the open-pit resource. The company targets a Pre-Feasibility Study by the end of 2026, a development assessment expected to precede a construction decision targeted for late 2027.
Silver One (SLVRF) reported initial 2026 reverse‑circulation drilling results from its 25,000‑metre program at the Candelaria Project in Nevada.
Hole SOC26‑196A extends sulfide mineralization about 400 m down‑dip from the nearest hole in the 2025 resource model, intersecting 25.91 m grading 215 g/t silver, 0.33 g/t gold, 0.43% lead and 0.55% zinc (250 g/t silver equivalent), including 9.14 m of 472 g/t silver, 0.60 g/t gold, 0.87% lead and 1.10% zinc (540 g/t silver equivalent) from 542.55 m. Hole SOC26‑197 cut 3.05 m of 454 g/t silver and 0.68 g/t gold (539 g/t silver equivalent) plus 4.58 m of 112 g/t silver (131 g/t silver equivalent).
Earlier metallurgical tests on similar sulphides returned average flotation recoveries of 62% silver and 72% gold, rising to about 77.5% silver and 82% gold with cyanidation of flotation tails. A pre‑feasibility study is advancing using conventional cyanide extraction, which the company expects to complete by year end.
Silver One (SLVRF) has commenced a microgravity test survey at the high-grade 417 area of its Phoenix Silver Project in Arizona.
The survey targets dense metallic bodies that may explain near-surface native silver fragments, including one weighing 190 kg and estimated at up to 70% silver. The program includes up to 2,800 gravity stations on a 5 m grid, with about 30 days of fieldwork and 30 days of processing and 3D modelling before results are released. If gravity anomalies consistent with dense metallic accumulations are identified, the survey may be extended toward the Mexican Mine and other targets such as Nuggets North. The company also granted 4,775,000 stock options at $0.50 and 2,850,000 deferred share units to directors, officers and consultants.
Silver One Resources (OTCQX: SLVRF) reported an upgraded mineral resource estimate for the LP1 and LP2 leach pads at its Candelaria project in Nevada, effective July 29, 2026. Previously Indicated resources on LP1 are now classified as Measured and Indicated, and Inferred resources on LP2 have been upgraded to Indicated.
Updated LP1 leach pad resources contain 31.03 million ounces of silver and 53,498 ounces of gold, while LP2 hosts 11.457 million tonnes grading 44.7 g/t silver and 0.10 g/t gold, containing 16.47 million ounces of silver and 36,835 ounces of gold. Silver-equivalent resources now total 31.85 million ounces M&I on LP1 and 17.17 million ounces Indicated on LP2, for a combined leach pad total of 49.25 million ounces AgEq.
Candelaria’s overall project resources now stand at 126.6 million ounces silver equivalent in Measured and Indicated (120,709,000 ounces silver and 242,000 ounces gold), plus 13.4 million ounces silver equivalent in Inferred. The upgraded leach pad resources will be fully incorporated into a Pre-Feasibility Study, which the company expects to complete before the end of 2026. Drilling was temporarily paused after a rig incident but is expected to resume in the second week of September.
Silver One Resources (OTCQX: SLVRF) reports that drilling at its 100%-owned Candelaria Silver Project in Nevada will restart after a brief halt to the May 2026 program. The originally planned 20,000–25,000-metre reverse-circulation and potential diamond drilling campaign had been stopped with no holes completed due to operational issues.
Major Drilling has now been contracted, with mobilization underway and drilling to begin after site setup. The program will focus on resource expansion near existing Measured, Indicated and Inferred resources, new exploration targets including deeper porphyry-style systems, and condemnation drilling to support future infrastructure planning.
Silver One Resources (OTCQX: SLVRF) has launched a major RC and potential diamond drill program of up to 25,000 metres at its 100%-owned Candelaria silver project in Nevada.
The 2026 campaign targets potential resource expansion, new silver and porphyry targets, and condemnation drilling to support an upcoming Pre-Feasibility Study, building on 108 Moz AgEq M&I and 29 Moz AgEq Inferred resources.
Silver One (OTCQX: SLVRF) reported the results of its annual general meeting held on May 21, 2026. Shareholders approved all motions, including re-election of five directors and appointment of Davidson & Company LLP as auditor.
Investors also approved an amended fixed equity based compensation plan allowing up to 35,000,000 Awards (stock options, RSUs, DSUs), with annual limits of 5% per participant, 2% per consultant, and 10% for insiders as a group, plus a mandatory one-year vesting period for RSUs and DSUs.
Silver One (OTCQB:SLVRF) completed core drilling, auger drilling and a property-wide ZTEM airborne survey at its Candelaria silver project in Nevada as part of an ongoing Pre-Feasibility Study.
Work includes 1,873.7 m of geotechnical core, 489.2 m of metallurgical core, and 1,414 m of heap-leach auger drilling, with exploration RC drilling to start in late May and a second rig arriving in July.
Silver One (OTCQX: SLVRF) has started a property-wide airborne ZTEM geophysical survey at its 100%‑owned Candelaria project, Nevada, to evaluate manto-style silver mineralization and potential deeper porphyry systems. The survey, flown by Geotech Ltd., will image to 1–2 km; results expected to guide drill-target selection.
Resources: 108.18M AgEq Measured & Indicated and 29.46M AgEq Inferred are reported for Candelaria.