Silver One Resources Announces Restart of Drilling Program at Candelaria
Rhea-AI Summary
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.
Positive
- 20,000–25,000 m Candelaria drilling program set to resume
- Engagement of Major Drilling to enhance operational reliability
Negative
- Earlier 2026 drilling program halted with no drill holes completed
- Initial hole in May 2026 campaign abandoned due to operational issues
News Market Reaction – SLVRF
In the Jul 22 session, SLVRF gained 5.08%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2026) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") announces that drilling activities at its
Major Drilling, a globally recognized drilling services provider with extensive experience in large-scale North American exploration programs, has been contracted to resume the drilling campaign. Mobilization is underway, with drilling scheduled to begin immediately upon completion of site setup, which is expected to occur approximately a day after mobilization.
The renewed program will maintain the technical objectives outlined in the May 27, 2026 release, including:
- Resource expansion drilling targeting areas adjacent to existing Measured, Indicated, and Inferred resources at Candelaria.
- Exploration of new targets, including silver-oxide, mixed oxide-sulphide zones, and deeper porphyry-style copper-silver-gold targets identified through prior geophysical surveys.
- Condemnation drilling to support infrastructure planning for future development scenarios.
The Company anticipates that the operational reliability and technical capabilities provided by Major Drilling will allow for steady progress throughout the summer and fall drilling season.
Greg Crowe, President and CEO, commented: "While the termination of the earlier contract was disappointing, our priority is always to ensure safe, efficient, and technically sound execution. Major Drilling brings the scale, experience, and reliability required for a program of this magnitude. With their involvement, we are confident in our ability to advance drilling at Candelaria and continue demonstrating the district-scale potential of this historic silver project."
Qualified Person
The technical content of this news release, not related to the mineral resource, 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
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 owns a
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/306030