Northwire Canada EditionThursday, October 15, 2026
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Resource Estimate Routine +

Silver One Resources Announces Upgrade of Leach Pad Resources to Measured & Indicated at Candelaria

Silver One upgraded Candelaria leach pad resources to measured and indicated, boosting total silver equivalent to 126.6 million ounces.

By The Northwire Desk — AI Analysis Aug 27, 2026 · 00:16 SVE · 0.453 Silver One Resources Inc.
Executive Summary

Silver One Resources Inc. (SVE) announced an upgrade of its Candelaria Project heap leach pad resources, specifically LP1 and LP2, to Measured and Indicated categories. The total project resources now stand at 126.6 million ounces of silver equivalent (AgEq) in the Measured and Indicated categories, up from the previous 108.18 million ounces.

The updated resource incorporates 36 sonic drill holes (1992), 45 sonic drill holes (2017), and 56 Hollow Stem Auger (HSA) holes (2026). This upgrade will be integrated into the ongoing Pre-Feasibility Study (PFS), which remains on track for completion before the end of 2026.

Current exploration drilling was temporarily paused due to a rig incident but is expected to resume in the second week of September. Additionally, ZTEM airborne electromagnetic data processing is complete, with final interpretations expected within weeks.

Material Impact

Silver One Resources Inc. (SVE) has upgraded its resource estimates, a routine but expected step in the company’s path toward completing the Preliminary Feasibility Study (PFS). The conversion of leach pad resources into higher confidence categories serves to de-risk the economic model, though it does not represent a fundamental change in the project's status or valuation.

The approximately 17% increase in Measured and Indicated (M&I) silver-equivalent (AgEq) is positive for long-term project economics, particularly for heap-leach operations where tonnage and grade confidence directly impact mine planning and capital expenditure estimates. This update confirms management's stated timeline and does not introduce new catalysts or unexpected financial implications.

SVE · Price
Company Overview

Silver One Resources Inc. (SVE) is a Canadian junior explorer advancing its 100%-owned Candelaria Silver Project in Nevada. The Candelaria site is a past-producing mine that historically yielded over 68 million ounces of silver and features active permits, year-round road access, and existing infrastructure. The project currently holds 126.6 million ounces of AgEq in Measured and Indicated resources and 13.4 million ounces in Inferred resources.

The company is also exploring the Phoenix Silver Project in Arizona, which contains high-grade silver and copper targets, as well as the Cherokee Project in Nevada, an epithermal silver-gold-copper vein system. Management is targeting a Pre-Feasibility Study completion by year-end 2026, bypassing a Preliminary Economic Assessment to accelerate development.

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 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 May 27, 2026 · 00:16

Silver One Commences Major Drill Push as PFS Deadline Looms; Sprott Backing Provides Runway

Drill Results