Silver One's ZTEM Airborne Geophysical Survey Identifies 7 Additional Silver Targets and 6 Potential Porphyry Copper-Silver-Gold Systems at the Candelaria Project, Nevada
Silver One expands district targets at Candelaria via ZTEM survey ahead of the late-2026 preliminary feasibility study.
Silver One Resources Inc. announced results from a helicopter-borne ZTEM geophysical survey conducted in May 2026 at its Candelaria Project in Nevada. The survey identified seven new silver targets, designated CM_01 to CM_07, and six potential copper-silver-gold porphyry targets, labeled CP_01 to CP_06. The porphyry targets display resistive zones surrounded by conductive envelopes, which are interpreted as unaltered intrusives or altered halos. The silver targets trend east-west, exhibit low resistivities of less than 120 Ohm-m, and correlate with high fracture density.
Field reconnaissance sampled 92 sites, revealing elevated base metals and silver. Copper concentrations reached up to 48,895 ppm, lead up to 4,383 ppm, zinc up to 5,190 ppm, and silver up to 272 g/t. To secure these targets, the company staked 382 new claims covering 3,128 hectares adjacent to the southwestern property. Target CM_01 represents the northeast extension of Mt. Diablo and Northern Belle mineralization, which is currently being drilled.
The company is advancing a 25,000-meter drilling program to extend mineralization beyond the current resource base. Samples were assayed by American Assay Laboratories (AAL) with standard QA/QC protocols including blanks, standards, and duplicates. Ken Engquist was appointed VP Project Development in September 2026 to oversee the Pre-Feasibility Study (PFS) completion and permitting.
Silver One Resources Inc. (SVE) has completed the processing and interpretation of its ZTEM survey, fulfilling the commitment made in May 2026 to finalize the work in the coming weeks. This exploration progress supports the company’s ongoing 25,000-meter drilling campaign and its Preliminary Feasibility Study (PFS) timeline.
The identification of new targets and new land staking expands the district-scale potential of the project. However, these activities do not represent a new discovery or a change in development strategy. The findings align with the previously announced resource base of 126.6 moz AgEq Measured & Indicated, reinforcing management's narrative of a robust, expanding system.
No new financial data, financing, or operational milestones were disclosed in the release.
Silver One Resources Inc. (SVE) is a junior explorer advancing its 100%-owned Candelaria Silver Project in Nevada. The Candelaria site is a past-producing mine that generated over 68 million ounces of silver historically. The project holds active permits, year-round road access, and existing infrastructure. The current resource base stands at 126.6 moz AgEq Measured & Indicated and 13.4 moz AgEq Inferred.
The company is also exploring the Phoenix Silver Project in Arizona, which features high-grade native silver and porphyry copper targets, as well as the Cherokee Project in Nevada. The strategic focus is on advancing Candelaria directly to a Pre-Feasibility Study, bypassing a preliminary economic assessment, with a goal of reaching a construction decision by late 2027.