202618 releases
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. New Claims Staked
A helicopter-borne ZTEM survey flown in May 2026 by Geotech Ltd at the Candelaria Project, Nevada, identified seven additional silver targets (CM_01–CM_07) and six potential copper-silver-gold porphyry targets (CP_01–CP_06), all recommended for further exploration. Follow-up reconnaissance of 92 selected and channel rock samples returned up to 48,895 ppm copper, 4,383 ppm lead, 5,190 ppm zinc and 272 ppm silver. Silver One staked 382 new claims covering 3,128 ha (7,730 acres) southwest of the property, and appointed director Ken Engquist VP Project Development effective September 2026.
Drill resultsSilver One Resources Announces Mobilization of RC Drill at Candelaria
A reverse-circulation rig was mobilized by National Drilling in September to the Candelaria Project in Nevada, with drilling to begin immediately; Major Drilling America will resume RC drilling in the second half of October and Evolve Drilling will mobilize a third RC/core rig in the same period. With three rigs, Silver One is targeting completion of its 25,000-metre program in the first quarter of 2027. A Pre-Feasibility Study is targeted for completion by the end of 2026, ahead of a construction decision targeted for late 2027.
Drill resultsSilver One Intersects 472 g/t Silver, 0.6 g/t Gold, Plus 0.87% Lead - 1.10% Zinc, Extending Down-Dip Mineralization 400 Metres beyond Open-Pit Resource Candelaria Project, Nevada
Drill hole SOC26-196A at the Candelaria Project in Nevada cut 9.14 m averaging 472 g/t silver, 0.60 g/t gold, 0.87% lead and 1.10% zinc (540 g/t AgEq) within 25.91 m averaging 215 g/t Ag, 0.33 g/t Au, 0.43% Pb and 0.55% Zn, from 542.55 m depth, extending mineralization about 400 m down-dip from the nearest hole in the 2025 resource estimate. SOC26-197 returned 3.05 m of 454 g/t Ag, 0.68 g/t Au, 1.45% Pb and 1.77% Zn from 391.67 m. The company will use conventional cyanide extraction in its pre-feasibility study, targeted for completion by year end.
Drill resultsSilver One Commences Microgravity Survey at the Phoenix Silver’s 417 High Grade Silver Target to Test for Potential Dense Metallic Bodies
A microgravity test survey has begun at the 417 high-grade silver target on the Phoenix Silver Project in Arizona, comprising up to 2,800 gravity stations on a 5-metre grid, with roughly 30 days of field acquisition followed by about 30 days of processing, 3D modelling and interpretation. Success could see the survey extended west to the Mexican Mine area, about 600 metres away, and to Nuggets North. Silver One also granted 4,775,000 stock options at $0.50 for five years and 2,850,000 deferred share units.
Drill resultsSilver One Resources Announces Upgrade Of Leach Pad Resources To Measured & Indicated At Candelaria
An updated heap leach pad mineral resource estimate at the Candelaria Project in Nevada, effective July 29, 2026, upgraded Leach Pad 1 to Measured and Indicated at 22,186 million tonnes grading 43.5 g/t silver and 0.075 g/t gold (31.03 million ounces silver, 53,498 ounces gold), and converted Leach Pad 2 Inferred to Indicated at 11.457 million tonnes grading 44.7 g/t silver and 0.10 g/t gold (16.47 million ounces silver, 36,835 ounces gold). Combined leach pad M&I totals 49.25 million ounces silver equivalent; project M&I totals 126.6 million ounces AgEq.
Resource updateSilver One Resources Announces Restart of Drilling Program at Candelaria
Drilling will resume at the 100%-owned Candelaria Silver Project in Nevada after the program announced on May 27, 2026 was halted shortly after commencement, with no holes completed and the single hole initiated abandoned due to operational issues. Major Drilling has been contracted for the 20,000-25,000 metre reverse circulation and potential diamond campaign, with mobilization underway and drilling to begin about a day after site setup. Objectives include resource expansion, new oxide, mixed and porphyry copper-silver-gold targets, and condemnation drilling.
Drill resultsSilver One Resources Announces Major 25,000 Metre Drill Program at Candelaria
A drill program of up to 25,000 metres of reverse-circulation, and potentially diamond, drilling has begun at the 100%-owned Candelaria Silver Project in Nevada, with the first RC rig starting at the end of May and a second rig mobilizing in mid-July. The program targets resource expansion, new silver oxide, mixed oxide-sulphide and porphyry copper-silver-gold targets, and condemnation drilling for infrastructure planning ahead of a Pre-Feasibility Study. Current resources total 108 million ounces AgEq Measured and Indicated and 29 million ounces AgEq Inferred.
Drill resultsSilver One Announces Results of Annual General Meeting
Shareholders approved all motions at Silver One Resources' annual general meeting held May 21, 2026, including the re-election of Greg Crowe, Luke Norman, Raul Diaz-Unzueta, W. Barry Girling and Ken Engquist as directors and the appointment of Davidson & Company LLP as auditors. Claudia Tornquist retired as a director and did not stand for re-election. Shareholders also approved an amended fixed equity based compensation plan, under which the maximum number of Awards is fixed at 35,000,000.
CorporateSilver One Reports Completion of Core and Auger Drilling, and ZTEM Survey
Geotechnical core drilling for pit-slope stability at the Candelaria Silver Project in Nevada is complete, totalling 1,873.7 metres in 9 holes, alongside two HQ metallurgical holes totalling 489.2 metres and 1,414 metres of auger drilling in 56 holes across historic leach pads LP1 and LP2. A property-wide ZTEM airborne electromagnetic survey has also been completed, with Geotech Ltd. interpretations expected by the end of June. Exploration RC drilling begins in late May, with a second rig arriving in July.
Drill resultsSilver One Commences an Airborne ZTEM Geophysical Survey at Its Candelaria Project, Nevada
A property-wide airborne Z-Axis Tipper Electromagnetic (ZTEM) survey has begun at the 100%-owned Candelaria Project in Nevada, flown by Geotech Ltd. with its helicopter-borne system to depths of 1–2 km, targeting shallower manto-style mineralization and potential deeper porphyry systems. Data acquisition is expected to be completed by mid-May, followed by processing, 3D inversion and interpretation to define drill targets. Candelaria hosts 108.18 million ounces AgEq Measured and Indicated plus 29.46 million ounces Inferred.
Drill resultsSilver One Reports Rock Sampling Results and Provides Update on Geophysical Surveys at its Phoenix Silver Project, Arizona
Surface rock sampling at the Phoenix Silver Project in Arizona returned grades up to 6.97% copper and 5,007 g/t silver, with 30% of samples above 0.1% Cu and 16% above 0.6% Cu, plus anomalous Mo to 293 ppm, Pb to 20% and Zn to 4%. The Q4 2025 program comprised 123 rock samples in the southern portion, for a project total of 361 samples. A January 2026 drone-borne magnetometry survey traced the 417 vein system for ~1 km; GPR results were inconclusive, and IPMT 3D modelling results are expected in coming weeks.
Drill resultsSilver One To Present At John Tumazos Very Independent Research Webinar On April 1, 2026
President and CEO Greg Crowe will give a live webcast presentation at the John Tumazos Very Independent Research, LLC virtual conference on Wednesday, April 1 at 2:45 pm EDT. The presentation will cover metallurgical work and drilling at the past-producing Candelaria silver mine in Nevada, including a pilot test of Extrakt/Bechtel non-cyanide leaching and a target of completing a Pre-Feasibility study by the end of 2026, plus work at the Phoenix Silver project.
CorporateSilver One Commences Core Drilling For Geotechnical Pit Slope Study At Its Candelaria, Project Nevada
A geotechnical core drilling program has started at the Candelaria Silver Project in Nevada, comprising nine HQ-diameter (63.5 mm) holes totaling approximately 1,900 metres within and along the margins of the proposed open-pit footprint. Call & Nicholas, Inc. has been engaged to complete a pre-feasibility-level pit-slope stability study supporting a conceptual PFS open-pit design, with the PFS scheduled for completion in Q4 2026. Candelaria's open-pit resource includes M&I of 22,070,000 tonnes at 94 g/t Ag and 0.20 g/t Au.
Drill resultsSilver One Initiates Drilling On Candelaria’s, Nevada Heap Leach Pads To Upgrade Resources And Prepare For Pilot Metallurgical Testing
A 1,400-metre drilling campaign has begun on the LP1 and LP2 heap leach pads at the Candelaria Project in Nevada, comprising 56 planned holes using 8-inch diameter Hollow Stem Auger, aimed at converting Indicated and Inferred leach pad resources to Measured and Indicated and collecting bulk samples for metallurgical pilot testing. Leach pad resources stand at 22.18 million tonnes at 42.1 g/t silver and 0.074 g/t gold Indicated, plus 11.45 million tonnes at 41.8 g/t silver Inferred. Results will feed a Pre-Feasibility Study in progress.
Drill resultsSilver One Announces Closing Of Final Tranche Of $32 Million Financing
The second and final tranche of a non-brokered private placement closed with 1,590,000 units issued at $0.58 per unit for gross proceeds of $922,200, bringing the total offering to 55,173,000 units for aggregate gross proceeds of $32,000,340. Each unit includes one common share and half a warrant exercisable at $0.80 for three years; finders were paid $1,834,754 in cash with no finder's warrants. Proceeds are allocated to drilling, metallurgical and environmental work and a pre-feasibility study at the Candelaria Project in Nevada, other exploration, claim payments and working capital.
FinancingSilver One Announces Closing of First Tranche for $31 Million
A first tranche of a non-brokered private placement closed for gross proceeds of $31,078,140 through the issue of 53,583,000 units at $0.58 per unit, each unit comprising one share and half a warrant exercisable at $0.80 for three years; a final tranche of $922,200 is expected shortly. Finders were paid $1,779,464 in cash. Eric Sprott acquired 17,240,000 units for $9,999,200, raising his holding to approximately 16.0% non-diluted. Proceeds fund Candelaria drilling, metallurgical and environmental work and a pre-feasibility study.
FinancingSilver One Announces Oversubscribed and Upsized $32 Million Private Placement Financing
A previously announced non-brokered private placement has been upsized to up to 55,173,000 units at $0.58 per unit for gross proceeds of $32,000,340, with the order book closed. Each unit includes one common share and one-half warrant exercisable at $0.80 for three years. Proceeds will fund drilling, metallurgical and environmental work and a pre-feasibility study at the Candelaria Project in Nevada, other exploration, BLM claim payments and working capital. Closing is expected within three weeks, subject to TSX Venture Exchange approval.
FinancingSilver One Announces $25 Million Private Placement Financing
A non-brokered private placement of up to 43,104,000 units at $0.58 per unit for gross proceeds of $25,000,320 has been launched, with each unit comprising one common share and one-half warrant exercisable at $0.80 for three years. Proceeds are earmarked for drilling, metallurgical and environmental work and a pre-feasibility study at the Candelaria Project in Nevada, other exploration and geophysics, BLM claim payments and working capital. Closing may occur in tranches, expected within three weeks, subject to TSX Venture Exchange approval.
Financing
202512 releases
Silver One Expands Exploration for High-Grade Silver at Phoenix Silver
A drone-borne magnetometry survey and a ground-penetrating radar survey are commencing at the 100%-owned Phoenix Silver Project in Arizona, covering the 417 area drilled in 2024 and the historic Mexican Mine about 600 metres to the west. The 2024 drilling intersected up to 3,800 g/t silver and 0.97% copper over 0.35 m. Induced polarization and magnetotellurics surveys targeting porphyry copper targets in the southern property are ongoing, with final results expected in early 2026.
Drill resultsSilver One Provides CEO Update on Its Nevada and Arizona Projects, Southwest USA
The Candelaria silver project in Nevada will advance directly to a Pre-Feasibility Study rather than a Preliminary Economic Assessment, with the PFS estimated for completion in Q2–Q3 2026 and a Plan of Operations scheduled for H2 2026. Candelaria hosts 108.18 million ounces of silver equivalent in the Measured and Indicated categories and 29.46 million ounces Inferred; auger drilling of leach pads LP1 and LP2 is due in early 2026 with a resource update in Q1 2026. At Phoenix Silver in Arizona, the IP/MT survey is expected to finish by year end, with GPR and drone magnetometer surveys planned over the 417 area.
CorporateSilver One Resources Grants Stock Options
5,150,000 stock options have been granted to directors, officers and consultants of Silver One Resources Inc. Each option is exercisable at $0.45 per share for five years from the grant date, subject to vesting requirements determined by the board of directors.
CorporateSilver One Commences Ground Geophysical Survey At Its Phoenix Silver Project And Advances Candelaria PEA
Ground induced polarization and magnetotelluric surveys have begun at the 100%-owned Phoenix Silver project in Arizona, conducted by Zonge International to test porphyry copper targets in the southern portion of the property; the IP program covers 70 line-km in 13 parallel lines averaging 750 m spacing, with field work expected to finish in November. Planned silver work includes a gravity survey over the 417 area plus mapping, sampling and trenching at Nuggets North. The Candelaria PEA is anticipated by year-end 2025.
Drill resultsSilver One Resources Announces Private Placement Financing
A non-brokered private placement of 17,857,142 units at $0.28 per unit for total proceeds of $5,000,000 has been launched, with each unit comprising one common share and one-half warrant exercisable at $0.40 for three years. Proceeds are intended for exploration and drilling on the Company's mineral properties and general working capital. Securities will be subject to a four-month-and-one-day resale restriction, and closing is subject to TSX Venture Exchange acceptance.
FinancingSilver One Commissions Ground Geophysical Survey On Its Phoenix Silver Project, Arizona
Zonge International, Inc. has been engaged to conduct a 50-line km ground Induced Polarization and Magnetotelluric survey over copper targets at the 100%-owned Phoenix Silver project in Arizona, targeting vertical depths of 600 metres (IP) and 1,500 metres (MT); the survey will begin once Forest Service fire restrictions are lifted. A detailed gravity survey is planned over the 417 area, with mapping, sampling and trenching at Nuggets North subject to permitting. At Candelaria, metallurgical work continues and a PEA is scheduled for completion by year-end.
Drill resultsSilver One Reports Filing of Technical Report to Mineral Resource Estimate on Its Candelaria Project, Nevada
An NI 43-101 technical report dated April 30, 2025, prepared by James A. McCrea, P. Geo, has been filed on SEDAR supporting the initial mineral resource estimate for the Candelaria Project in Nevada. Total project resources from open-pit, underground, stockpiles and heap-leach pads are 108.18 million ounces silver equivalent Measured and Indicated and 29.46 million ounces silver equivalent Inferred. Mount Diablo and Northern Belle pit-constrained M&I is 22,070,000 tonnes at 94 g/t Ag and 0.20 g/t Au.
Resource updateSilver One Announces In-Ground, New Mineral Resource Estimate Prepared in Accordance with NI 43-101 on its Candelaria Project, Nevada
A new NI 43-101 mineral resource estimate for the Candelaria Project in Nevada reports pit-constrained Measured and Indicated resources at Mount Diablo and Northern Belle of 22,070,000 tonnes averaging 94 g/t Ag and 0.20 g/t Au (66.754 million oz silver, 141,400 oz gold), plus Inferred of 2,960,000 tonnes at 68 g/t Ag and 0.18 g/t Au. Including underground, stockpiles and leach pads, total resources are 108.18 million oz AgEq Measured and Indicated and 29.46 million oz AgEq Inferred. Metal prices used were US$27.50/oz Ag and US$2,106/oz Au; a technical report will be filed within 45 days.
Resource updateSilver One Provides Corporate Update On Its Nevada And Arizona Projects, Southwest USA
A 2024 review and 2025 plan was provided for three projects. At Candelaria, Nevada, Silver One is nearing completion of a current mineral resource on near-surface in-ground mineralization, to be combined with the existing heap leach resource of 30.017 million ounces silver Indicated plus 15.397 million ounces Inferred in a preliminary economic assessment comparing cyanide leaching to Extrakt's proprietary solutions. Planned work includes gravity and IP surveys at Phoenix Silver, Arizona, and IP at Cherokee, Nevada. The Lodestar debt was settled for C$50,000 plus 3.0 million Lodestar shares.
CorporateSilver One Provides Update On Metallurgical Test Results Using Innovative Separation And Leaching Technologies At Its Candelaria Silver Mine, Nevada
Phase 2 metallurgical testing of Extrakt Process Solutions' cyanide-free TNS leaching technology at the Candelaria Silver Mine in Nevada returned column silver recoveries of 63% from leach pad LP1 and 69% from LP2 (crushed to minus 2 mm), versus 29% and 40% by column cyanide leaching; agitated leach recoveries averaged 59.1% for LP1 and 51.1% for LP2, with leach times of 6 to 7 hours against 48 hours or more. Results will feed into a Preliminary Economic Assessment scheduled for 2025.
Study resultsSilver One Receives Final Drill Results From Its Phoenix Silver Project, Arizona Traces Silver-Copper Bearing Structure Along Strike
Final assays from the 2024 diamond drill program at the Phoenix Silver Property in Arizona returned a best intercept of 3,800 g/t silver with 0.97% copper over 0.35 m in a quartz breccia near the 417 vein fragment area. The program comprised 30 core holes from 6 drill pads totalling 1,955 metres, averaging 64 m depth, tracing the east-west vein structure over 250 m. Planned follow-up includes a close-spaced gravity survey at 417, mapping and sampling at Nuggets-North, and induced polarization over southern porphyry targets.
Drill resultsSilver One's ZTEM Airborne Geophysical Survey Outlines Potential Porphyry Copper and Additional Silver Exploration Targets at Phoenix Silver, Arizona
Processing and 3D modelling of the October 2024 helicopter-borne ZTEM survey at the Phoenix Silver Project near Globe, Arizona, completed by Geotech Ltd., identified two priority copper targets (Defiance and Quartz Ridge, 4 and 8 square kilometres) interpreted as conductive zones about 500 metres deep, plus five priority silver targets, four of them outside the 417 area drilled in 2024. Geologists also defined a sixth silver target, Nuggets North, a kilometre-long train of 40+ silver nuggets weighing up to 9.5 kilograms. Additional claims were staked in the southwest to cover the Defiance target, abutting BHP's claims.
Drill results
202410 releases
Silver One Commences a ZTEM Geophysical Survey at Its High-Grade Phoenix Silver Project, Arizona
A property-wide airborne geophysical survey has begun at the Phoenix Silver Project near Globe, Arizona, covering 100 km2 using a helicopter-borne Z-Axis Tipper Electromagnetic (ZTEM) system operated by Geotech Ltd. The survey aims to outline structures and hydrothermal alteration potentially related to buried porphyry copper mineralization, and is expected to be completed in October 2024, with data processing and interpretation to follow. Drilling on the property's silver targets began the first week of October.
Drill resultsSilver One Commences Drilling at Its High-Grade Phoenix Silver Project, Arizona
Drilling has begun at the Phoenix Silver Project near Globe, Arizona, with a program of 2,500 metres in up to 40 diamond drill holes from 13 drill pads. The main target is the 417 Target Area, the suspected source of high-grade silver vein fragments including a 417 pound (189 kg) fragment estimated by specific gravity at up to 70% native silver and other samples assaying up to 459,000 g/t silver. Seven priority silver and polymetallic targets have been delineated; the property has not previously been drilled.
Drill resultsSilver One Commences Road and Pad Construction in Preparation for Drilling at Its High-Grade Phoenix Silver Project, Arizona
Road and drill pad construction has begun at the Phoenix Silver Project near Globe, Arizona, with drilling planned for the first week of October. The approved program consists of 2,500 metres in up to 40 diamond drill holes from 13 Forest Service-authorized pads, targeting the 417 Target Area, the potential source of high-grade silver vein fragments including a 417 pound (189 kg) fragment estimated at up to 70% native silver. A ZTEM geophysical survey is scheduled for the fourth week of September.
Drill resultsSilver One to Conduct Airborne Geophysics and Prepares for Drilling on Its Phoenix Silver Project, Arizona
A contract has been signed with Geotech Airborne Geophysical Surveys for a ZTEM survey over the 100%-owned Phoenix Silver project in Arizona, to be scheduled once Forest Service field restrictions permit. Road and pad building ahead of drilling the high-grade silver targets in the 417 area will begin when weather conditions improve; the program is fully permitted and funded. Options on 3,705,000 common shares were granted to directors, officers and consultants at $0.24, expiring in five years.
Drill resultsSilver One Closes Oversubscribed Financing Of $5.9 Million
A non-brokered private placement closed with the issuance of 21,099,138 units at $0.28 per unit for gross proceeds of $5,907,758.64. Each unit comprises one common share and one-half warrant exercisable at $0.40 for three years; shares are subject to resale restrictions until October 21, 2024, and finders received $78,120.48 plus 237,006 finder's warrants at $0.40. Proceeds will fund drilling, geophysics and sampling at the Silver Phoenix Project, metallurgical work at Candelaria, and working capital.
FinancingSilver One Discovers Additional Copper and Silver Showings on Its Phoenix Silver Project in Arizona
Select rock chip and dump samples from newly staked claims in the southern part of the Phoenix Silver project in Arizona returned up to 1,240 g/t silver and 7.79% copper, with copper ranging 0.1% to 7.79%, silver 1 g/t to 1,240 g/t, plus local lead, zinc and molybdenum to 239.9 ppm. Thirty-five samples were collected in March and April 2024 and analyzed by Skyline in Tucson. Structures hosting the high-grade silver vein fragments are permitted for drilling, targeted for Q3 2024.
Drill resultsSilver One Discovers New Silver Vein Fragments and Outlines New Copper Showings on Its Phoenix Silver Project in Arizona
Additional silver vein fragments, one weighing up to 6+ pounds (2.7 kg), have been found along the 417 vein structure at the Phoenix Silver project in Arizona, extending the area of potential mineralization 600+ metres west of the previously reported 417 pound (189 kg) fragment estimated at over 70% silver. Reconnaissance on claims staked in October and December 2023 returned selected rock chip samples up to 1,785 g/t Ag and 2.74% Cu. Assays of 30 further samples are expected within 30 days; the project is permitted for drilling.
Drill resultsSilver One Reports on Metallurgical Test Results Using Innovative Separation and Leaching Technology at Its Candelaria Silver Mine, Nevada
Initial metallurgical tests using Extrakt Processing Solutions' cyanide-free TNS leaching technology on a 228 kg bulk sample from leach pad 1 at the past-producing Candelaria Silver Mine in Nevada returned average silver recovery of 49% at ≤2 mm, versus 21% to 29% from earlier cyanide bottle roll tests. Additional milling to 550 and 110 microns raised recoveries to 59.9% and 64.4%, with all tests run over 24 hours. Further testing on leach pad and fresh material is planned for the second half of 2024, with final results anticipated in late 2024 for use in an anticipated economic study.
Study resultsSilver One Completes the 100% Acquisition of Its Phoenix Silver Project in Arizona
An option has been exercised to acquire a 100% interest in the 6,141-hectare Phoenix Silver Project in the Arizona Silver Belt, with Silver One having paid US$350,000 and issued ten million common shares to the vendors over 3 years. The central portion of the claim block carries a 2% NSR that can be purchased for US$1.0 million. The project is permitted for drilling on high-grade silver targets, with prior sampling including an 8.5 kg fragment assaying 459,000 g/t silver.
AcquisitionSilver One Intends to Extend Warrant Term
An application will be made to the TSX Venture Exchange to further extend the expiry date of 8,297,000 share purchase warrants issued under a private placement that closed January 20, 2020. A total of 4,576,000 warrants would be extended from January 13, 2024 to January 13, 2025, and 3,721,000 from January 17, 2024 to January 17, 2025. The $0.40 exercise price and all other terms remain unchanged, subject to Exchange approval.
Corporate