Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Silver One Reports Rock Sampling Results and Provides Update on Geophysical Surveys at its Phoenix Silver Project, Arizona

Phoenix Silver Project Rock Sampling Confirms High-Grade Vein Potential as Candelaria PFS Nears Completion

By The Northwire Desk — AI Analysis Apr 28, 2026 · 00:16 SVE · 0.48 Silver One Resources Inc.
Executive Summary
  • Exploration Update: Surface rock sampling at the Phoenix Silver Project in Arizona yielded high-grade results, including up to 6.97% copper and 5,007 g/t silver.
  • Geophysical Progress: A drone-borne magnetometry survey over the 417 area successfully delineated structural features interpreted as potential controls on mineralization, including a 1 km continuous east-west magnetic low.
  • Future Work: The Company is integrating IP-MT survey results and plans to conduct a test microgravity survey to evaluate deep-seated native silver potential.
  • Resource Context: While Phoenix shows high-grade surface anomalies, the primary value driver remains the Candelaria Project in Nevada with 108.18 Moz AgEq Measured & Indicated resources.
  • Management Commentary: CEO Greg Crowe highlighted the exceptional potential of Phoenix Silver as one of the most compelling exploration opportunities in the Globe-Miami district.
Material Impact
  • Incremental Validation: The news confirms progress on geophysical surveys announced in late 2025 (Dec 16, 2025). It is a follow-up to previous exploration announcements rather than a new strategic pivot or financing event.
  • Secondary Asset Focus: Phoenix Silver is an exploration asset compared to the development-stage Candelaria Project. While high-grade rock samples are positive, they do not yet constitute a resource estimate update that would materially alter the company's valuation model immediately.
  • Market Context: The stock price has declined significantly since the major financing event in January 2026 (from $0.86 to $0.48). This news provides fundamental support but does not address the immediate market sentiment regarding dilution or PFS completion timelines.
  • Comparison to Expectations: The geophysical work was expected based on prior announcements. The results are in line with previous high-grade rock sampling expectations, reinforcing the thesis without surprising the market with a new discovery scale.
SVE · Price
Company Overview
  • Flagship Project: Candelaria Mine (Nevada). A past-producing mine with active permits, year-round road access, power, and water infrastructure.
  • Resource Base: 108.18 Moz AgEq Measured & Indicated; 29.46 Moz AgEq Inferred (NI 43-101 report dated April 30, 2025).
  • Development Stage: Moving directly to a Pre-Feasibility Study (PFS) with completion targeted for Q4 2026.
  • Secondary Projects: Phoenix Silver Project (Arizona) and Cherokee Mine (Nevada), currently in exploration phases focusing on high-grade silver and copper targets.
  • Metallurgy: Ongoing pilot metallurgical tests using non-cyanide Extrakt solutions, aiming to boost recoveries from ~30% to >60%.
Read the original news release →

More from Silver One Resources Inc.

Nov 03, 2026 · 00:16

Silver One accelerates its Candelaria drill program by mobilizing two new rigs to the Nevada site.

Drill Results Oct 13, 2026 · 03:15

Silver One expands district targets at Candelaria via ZTEM survey ahead of the late-2026 preliminary feasibility study.

Drill Results Oct 01, 2026 · 00:16

Silver One adds metres to its drilling pace at the project without reporting new assay results or rock samples.

Drill Results Sep 17, 2026 · 00:16

Silver One’s 400 m down-dip step-out at the project returned 25.9 m at 250 g/t AgEq, with half the holes still pending.

Drill Results Sep 14, 2026 · 00:16

Microgravity survey targets dense native silver bodies at Phoenix Silver's 417 zone.

Drill Results Aug 27, 2026 · 00:16

Silver One upgraded Candelaria leach pad resources to measured and indicated, boosting total silver equivalent to 126.6 million ounces.

Resource Estimate