Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Production / Operations Routine +

Silver One Commences an Airborne ZTEM Geophysical Survey at Its Candelaria Project, Nevada

Strategic Financing and Resource Upgrade Drive Development Momentum

By The Northwire Desk — AI Analysis May 04, 2026 · 00:16 SVE · 0.5 Silver One Resources Inc.
Executive Summary
  • Silver One Resources Inc. has commenced a property-wide airborne Z-Axis Tipper Electromagnetic (ZTEM) survey at its 100%-owned Candelaria Project in Nevada.
  • The survey aims to evaluate shallower, structurally controlled manto-style mineralization and identify potential deeper porphyry-style mineralized systems.
  • Data acquisition is expected to be completed by mid-May 2026, with subsequent processing and interpretation to follow.
  • The survey will be conducted by Geotech Ltd. using a helicopter-borne ZTEM system capable of penetrating to depths of 1–2 km.
  • Results are intended to guide future drill-target selection and advance Candelaria toward future development.
Material Impact
  • Routine Progression: This announcement follows the trajectory established in January/February 2026 financing and March 2026 geotechnical drilling updates. It is a standard step required before completing a Pre-Feasibility Study (PFS).
  • No New Financials: The news does not announce new resources, production milestones, or additional capital raises beyond the $32M already secured in early 2026.
  • Market Expectation: Given the PFS timeline targeted for Q4 2026 announced in December 2025 and January 2026 financing, this geophysical work was anticipated by the market to de-risk the project engineering phase.
  • Positive Sentiment: While not a game-changer, it confirms management is executing on the development plan funded by the recent Eric Sprott-backed private placement.
SVE · Price
Company Overview
  • Company: Silver One Resources Inc. (TSX-V: SVE, FF: BRK1, OTCQX: SLVRF).
  • Flagship Project: Candelaria Mine, Nevada. A past-producing mine with active permits and year-round infrastructure access.
  • Resource Base: 108.18 million ounces of silver equivalent (AgEq) in Measured and Indicated categories; 29.46 million ounces AgEq in Inferred resources (NI 43-101, effective April 2025).
  • Development Stage: Advancing directly to a Pre-Feasibility Study (PFS), bypassing the Preliminary Economic Assessment (PEA) phase. PFS targeted for Q4 2026.
  • Secondary Projects: Phoenix Silver Project (Arizona) and Cherokee Mine (Nevada) are in exploration phases with high-grade targets identified.
Read the original news release →

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