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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 (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.
Silver One Resources (OTCQX: SLVRF) reports surface rock sampling and geophysical updates at the Phoenix Silver Project, Arizona. Key assay highlights include peak copper 6.97% and silver up to 5,007 g/t. Drone magnetometry over the 417 area delineated structural corridors and a ~1 km magnetic low interpreted as the 417 vein system. A GPR survey was inconclusive due to low penetration; IP-MT 3D modelling is near completion and results will guide southern porphyry copper drill targeting.
Silver One (OTCQX: SLVRF) will present a live webcast at the John Tumazos Very Independent Research webinar on April 1, 2026 at 2:45 pm EDT. CEO Greg Crowe will review metallurgical work and drilling at the past-producing Candelaria silver mine and ongoing work at the Phoenix Silver project.
Topics include heap leach pad resource upgrades, a Pilot test using Extrakt/Bechtel non-cyanide leaching, continued NI 43-101 compliant drilling, and a target to complete a Pre-Feasibility study by end of 2026. A Qualified Person reviewed the technical content.
Silver One (OTCQX: SLVRF) has begun a 1,900 metre HQ core drilling program to collect geotechnical data for a pit-slope stability study at the Candelaria silver project in Nevada.
The company engaged Call & Nicholas for a PFS-level slope stability study to support a conceptual open-pit design, targeting completion of a pre-feasibility study in Q4 2026. Reported Measured & Indicated resources for the open-pit portion total 22,070,000 tonnes at 94 g/t Ag (66.754 million oz Ag; 70.84 million oz AgEq).
Silver One (OTCQX: SLVRF) has started a 1,400 metre drilling program (56 HSA holes) on the Candelaria LP1 and LP2 leach pads to convert leach pad Indicated and Inferred resources to higher confidence categories and to collect bulk samples for piloting.
The work supports a Pre-Feasibility Study and pilot metallurgical testing of Extrakt/Bechtel non-cyanide solutions expected to advance a PFS later in 2026.