Silver One Resources Announces Mobilization of Two Additional Drill Rigs to Accelerate Candelaria Drill Program
Current drilling will not enter the planned pre-feasibility study, but the company expects it to inform future mine planning.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Silver One Resources (SLVRF) is mobilizing two additional drill rigs to advance its exploration and development programs at Candelaria in Nevada. A reverse-circulation rig and a hybrid reverse-circulation/core rig are expected on site in the first week of November, with drilling expected immediately upon arrival. They will support a planned 20,000–25,000-metre campaign targeting resource expansion, exploration targets and infrastructure planning.
Earlier drilling extended mineralization approximately 400 metres down-dip beyond the existing open-pit resource. Engineering work continues toward a planned pre-feasibility study, but current drilling results will not be included. Silver One also signed a one-month investor-relations marketing agreement with Sideways Frequency, starting November 15, 2026, for an upfront USD $125,000, with no securities included in the consideration.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.Planned 20,000–25,000-metre drilling targets resource expansion, exploration targets and future infrastructure planning.
- Moderate point3,128 hectares added expanded Candelaria to 11,374 hectares, including western geophysical anomalies and copper-silver showings.
- Moderate pointEarlier drilling extended mineralization approximately 400 metres down-dip beyond the existing open-pit resource.
- Minor point. Forward-looking: it has not happened yet and may not happen.Two additional rigs are expected in early November, with drilling expected immediately upon arrival.
- Minor pointEngineering and technical work continues toward Candelaria's planned pre-feasibility study.
Negative
- Minor pointUSD $125,000 upfront payment is agreed for Sideways Frequency's one-month investor-relations marketing program.
- Minor point. Forward-looking: it has not happened yet and may not happen.Current drilling results will not be included in the planned pre-feasibility study.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RC and Hybrid RC/Core Rigs Expected on Site During First Week of November; Drilling to Commence Immediately
Silver One Commences Digital Marketing Program
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2026) - Silver One Resources Inc. (TSXV: SVE) (OTCQB: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to announce the mobilization of two additional drill rigs to its flagship Candelaria Project in Nevada, significantly increasing drilling capacity as the Company advances its ongoing resource expansion and development programs.
As announced on October 13, 2026, the Company has expanded its property holdings by adding an additional 3,128 hectares (7,730 acres) to include several geophysical anomalies (ZTEM) and copper-silver showings in the western part of the property. The entire Candelaria project now comprises 11,374 hectares (28,106 acres), covering over 15 km of strike along the main Lower Candelaria Shear and Pickhandle Gulch Thrust systems. These systems are the main controlling structures hosting many of the historical workings and most of Candelaria's silver mineralization, including the current silver oxide - mixed silver oxide-sulphide resources marginal to the two historic open-pits. This ground position gives Silver One a significantly enhanced, blue-sky, exploration opportunity for the discovery of new mineralized systems.
Major Drilling America is mobilizing a reverse circulation ("RC") drill rig that is expected to arrive on site during the first week of November. In addition, Evolve Exploration Nevada, LLC is currently mobilizing a hybrid drill rig capable of both RC and core drilling. Drilling with both rigs is expected to commence immediately upon arrival.
The addition of these rigs marks the next phase of Silver One's expanded 2026-2027 exploration campaign, following the encouraging results reported on September 17, 2026, which extended mineralization approximately 400 metres down-dip beyond the existing open-pit resource.
Greg Crowe, President and CEO, commented: "The mobilization of these two rigs substantially enhances our ability to advance multiple objectives simultaneously at Candelaria. The flexibility provided by the hybrid RC/core rig allows us to efficiently follow up on deeper mineralized zones while continuing resource expansion and condemnation drilling. Combined with the strong results reported earlier this year, we believe Candelaria offers significant potential for continued resource growth and further demonstrates the scale of the mineralizing system."
Advancing the 25,000-Metre Drill Program
The expanded drilling fleet will support the Company's planned 20-25,000-metre drilling campaign, which is designed to:
Expand known mineral resources through step-out and down-dip drilling;
Test high-priority exploration targets identified through recent geological, geophysical, and geochemical programs; and
Complete condemnation drilling to support future infrastructure planning and project development studies.
As outlined in the Company's May 27, 2026 and September 17, 2026 news releases, recent exploration success has reinforced the potential for continued growth of the Candelaria system both along strike and at depth. The current drilling campaign is intended to build upon that success while providing critical information to support future development planning.
Advancing Candelaria Toward Development
In parallel with the ongoing exploration program, Silver One continues to advance engineering and technical work associated with the planned Pre-Feasibility Study ("PFS") for Candelaria. While results of the current drilling program will not be part of the PFS, they are expected to contribute both resource expansion opportunities and important technical information for future mine planning and infrastructure optimization.
The Company will provide further updates as drilling progresses and assay results become available.
Digital Marketing Program
Silver One announces it has entered into a marketing agreement dated October 30, 2026 with Sideways Frequency LLC ("Sideways") in connection with Sideways providing investor relations services to Silver One. The marketing services to be provided by Sideways include email campaigns, native advertising and digital ad placements aimed at increasing visibility of Silver One. The term of the agreement is for one month and will commence on November 15, 2026.
Under the terms of the agreement, Silver One has agreed to make an upfront payment of USD
Sideways and its affiliates are arm's length to the Company. Neither Sideways, its affiliates or associates own any securities of the Company. Sideways is controlled by Wesley de Souza. Sideways' address is 1389 Center Drive, Suite 200, Park City, Utah, 84098, info@sidewaysfrequency.com.
Qualified Person
The technical content of this news release has been reviewed and approved by Robert M. Cann, P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company.
About Silver One
Silver One is focused on the exploration and development of quality silver projects. The Company holds a
The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike.
Silver One also has
For more information, please contact:
Silver One Resources Inc.
Gary Lindsey - VP, Investor Relations
Phone: 604-974‐5274
Mobile : (720) 273-6224
Email : gary@strata-star.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silver One's control. Such factors include, among other things: risks and uncertainties relating to Silver One's limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on the Candelaria Project, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/322207
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When will Silver One's additional Candelaria drill rigs begin drilling?
Both additional rigs are expected to begin drilling immediately upon arrival, with arrival expected during the first week of November. Major Drilling America is mobilizing a reverse-circulation rig, while Evolve Exploration Nevada is mobilizing a hybrid rig capable of reverse-circulation and core drilling.
Can Silver One renew its Sideways Frequency marketing agreement?
Silver One may renew the agreement at its sole election for additional one-month periods at USD $125,000 each. The company will determine when each renewed term starts. The initial one-month term begins November 15, 2026.