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%
Production / Operations

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 →

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