# Silver One Initiates Drilling on Candelaria's, Nevada Heap Leach Pads to Upgrade Resources and Prepare for Pilot Metallurgical Testing Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/silver-one-initiates-drilling-on-candelaria-s-nevada-heap-leach-pads-to-upgrade--39e952f9-cc7b-4933-98f0-2f4ed8cb77ed Original source: https://money.tmx.com/en/quote/SVE/news/8337635795688061/silver-one-initiates-drilling-on-candelaria-s-nevada-heap-leach-pads-to-upgrade- Publisher: tmx Original announcement: 2026-02-23T17:20:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Silver One Resources Inc. - Ticker: SVE - Exchange: TSX - Region: Nevada - Primary commodity: Silver - Secondary commodities: Gold - Document categories: Resource update, Drill results - Extracted: 2026-08-21 01:56:27 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Silver One Resources has launched a 1,400m drilling campaign at the Candelaria Project in Nevada to upgrade Indicated and Inferred leach pad resources to Measured and Indicated categories. The program will also provide bulk samples for metallurgical pilot testing to support an upcoming Pre-Feasibility Study. Reasoning: The company is initiating a drilling campaign to upgrade existing silver resources and conduct metallurgical testing, which is a key step toward a PFS. - Positive factor: resource conversion intent - Positive factor: metallurgical pilot testing support - Positive factor: substantial existing silver resource Facts used in scoring: 4 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The announcement describes a new drilling campaign intended to upgrade existing mineral resources. Evidence · text > designed to upgrade the Leach Pad Indicated and Inferred mineral resources to Measured and Indicated **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The document reports a significant portion of the resource is in the Inferred category. Evidence · text > The Inferred category comprises an additional 11.45 million tonnes ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/silver-one-initiates-drilling-on-candelaria-s-nevada-heap-leach-pads-to-upgrade--39e952f9-cc7b-4933-98f0-2f4ed8cb77ed#fact-resource-facts-0) silver Historical result Needs review: historical\_restatement #### Identity - Commodity: silver - Ticker: SVE #### Resource Data - Category: indicated - Tonnes: 22180000 - Grade: 42.1 - Grade Unit: g/t - Contained Metal: 30.02 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-05-06T00:00:00.000Z #### Dates - Event date: 2026-02-23T00:00:00.000Z Reasoning: Indicated silver resource reported as part of historical data being re-evaluated. - Positive factor: substantial silver content Evidence · table > 42.1 Context: 22.18 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/silver-one-initiates-drilling-on-candelaria-s-nevada-heap-leach-pads-to-upgrade--39e952f9-cc7b-4933-98f0-2f4ed8cb77ed#fact-resource-facts-1) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Ticker: SVE #### Resource Data - Category: indicated - Tonnes: 22180000 - Grade: 0.074 - Grade Unit: g/t - Contained Metal: 52000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-05-06T00:00:00.000Z #### Dates - Event date: 2026-02-23T00:00:00.000Z Reasoning: Trace gold byproduct in indicated resource. Evidence · table > 0.074 Context: 22.18 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/silver-one-initiates-drilling-on-candelaria-s-nevada-heap-leach-pads-to-upgrade--39e952f9-cc7b-4933-98f0-2f4ed8cb77ed#fact-resource-facts-2) silver Historical result Needs review: historical\_restatement #### Identity - Commodity: silver - Ticker: SVE #### Resource Data - Category: inferred - Tonnes: 11450000 - Grade: 41.8 - Grade Unit: g/t - Contained Metal: 15.4 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-05-06T00:00:00.000Z #### Dates - Event date: 2026-02-23T00:00:00.000Z Reasoning: Inferred silver resource reported as part of historical data. - Positive factor: significant silver ounces - Negative factor: inferred category Evidence · table > 41.8 Context: 11.45 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/silver-one-initiates-drilling-on-candelaria-s-nevada-heap-leach-pads-to-upgrade--39e952f9-cc7b-4933-98f0-2f4ed8cb77ed#fact-resource-facts-3) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Ticker: SVE #### Resource Data - Category: inferred - Tonnes: 11450000 - Grade: 0.1 - Grade Unit: g/t - Contained Metal: 36700 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-05-06T00:00:00.000Z #### Dates - Event date: 2026-02-23T00:00:00.000Z Reasoning: Trace gold byproduct in inferred resource. Evidence · table > 0.10 Context: 11.45 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.