Northwire Canada EditionSaturday, November 7, 2026
Sign inSubscribe
Northwire
⌕
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 Routine +

Silver One Reports Completion of Core and Auger Drilling, and ZTEM Survey

Silver One Resources Inc.

By The Northwire Desk — AI Analysis May 12, 2026 · 00:16 SVE · 0.56 Silver One Resources Inc.
Executive Summary
  • Silver One Resources completed core drilling (1,873.7m), auger drilling (1,414m), and ZTEM survey at Candelaria Project in Nevada on May 12, 2026.
  • Geotechnical drilling informs pit-slope-stability analysis for the Pre-Feasibility Study (PFS).
  • Metallurgical drilling targets cyanide-leach bottle-roll testing by KCA.
  • Auger drilling aims to upgrade heap leach resources from Inferred to Measured and Indicated categories.
  • RC drilling scheduled to begin late May with a second rig arriving in July for resource expansion.
  • ZTEM survey interpretations expected by end of June 2026.
Material Impact
  • The news confirms operational progress on schedule, validating the financing plan announced in January/February 2026.
  • No new resource estimates or PFS results are disclosed; this is a procedural update rather than a value-accretive milestone.
  • Market reaction has been muted relative to the January financing hype (stock dropped from $0.86 to ~$0.56), suggesting the market views this as expected execution.
  • The completion of drilling reduces technical risk for the PFS but does not de-risk commercial viability or permitting timelines immediately.
  • Rating is Routine - Positive because it confirms management's stated plan without introducing new catalysts that would materially alter valuation at this stage.
SVE · Price
Company Overview
  • Flagship Project: Candelaria Silver Project, Nevada (100% owned).
  • Status: Development stage; past-producing mine with active permits.
  • Resources: 108.18 Moz AgEq Measured & Indicated; 29.46 Moz AgEq Inferred (NI 43-101 effective April 2025).
  • Secondary Projects: Phoenix Silver Project (Arizona) and Cherokee Mine (Nevada) for exploration upside.
  • Strategy: Advance Candelaria to production via PFS; leverage financing for drilling and metallurgical testing.
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