Northwire Canada EditionTuesday, November 3, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
Drill Results Routine +

Silver One Resources Announces Mobilization of Two Additional Drill Rigs to Accelerate Candelaria Drill Program

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

By The Northwire Desk — AI Analysis Nov 03, 2026 · 00:16 SVE · 0.31 Silver One Resources Inc.
Executive Summary

Silver One Resources Inc. (SVE) is mobilizing two additional drill rigs, one RC and one Hybrid RC/Core, to its Candelaria Project in Nevada. Drilling is expected to commence immediately in the first week of November 2026. This expansion of the drilling fleet supports a planned 20,000–25,000-metre campaign aimed at resource expansion, testing high-priority targets, and completing condemnation drilling for future infrastructure planning.

The company also expanded its property holdings by 3,128 hectares, bringing the total Candelaria project area to 11,374 hectares. The mobilization builds on encouraging results reported September 17, 2026, which extended mineralization approximately 400 metres down-dip beyond the existing open-pit resource. Drilling results will not be part of the current Pre-Feasibility Study (PFS) but will contribute to resource expansion and mine planning.

Additionally, the company entered into a one-month digital marketing agreement with Sideways Frequency LLC for USD $125,000, commencing November 15, 2026.

Material Impact

Silver One Resources Inc. (SVE) has mobilized two additional drilling rigs, an operational step that follows the previously announced 25,000-metre program and aligns with management’s timeline to accelerate the campaign. The company has also expanded its property to 11,374 hectares, enhancing the exploration footprint along the Lower Candelaria Shear and Pickhandle Gulch Thrust systems to support long-term resource growth.

This update reinforces the company’s progress toward completing a preliminary feasibility study (PFS) by year-end 2026 and making a construction decision in late 2027. The development is incremental and operational, providing no new financial data, revised guidance, or unexpected catalysts, and confirms the execution of the existing plan.

SVE · Price
Company Overview

Silver One Resources Inc. (SVE) is a junior silver explorer and developer focused on its 100%-owned Candelaria Silver Project in Nevada. The Candelaria project is a past-producing mine with active permits, existing infrastructure, and a current resource base of 108.18 million ounces of silver equivalent (AgEq) in the Measured and Indicated categories, plus 29.46 million ounces AgEq Inferred.

The company is advancing the project toward a Pre-Feasibility Study (PFS) targeted for completion by year-end 2026, with a construction decision aimed for late 2027. Secondary assets include the Phoenix Silver Project in Arizona, which hosts high-grade silver and copper targets, and the Cherokee Project in Nevada, which is in early exploration stages.

Read the original news release →

More from Silver One Resources Inc.

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 Jul 22, 2026 · 00:16

Silver One resumes drilling at Candelaria as an expected operational follow-up rather than a significant catalyst for the project.

Drill Results