Silver One Resources Announces Upgrade of Leach Pad Resources to Measured & Indicated at Candelaria
Original announcement by orestocks on
- Company
- Silver One Resources Inc.
- Ticker
- SVE.V
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Silver
- Secondary commodities
- Gold
- Document categories
- Resource update
- Extracted
- 2026-08-27 07:17:59 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver One Resources has upgraded its Candelaria leach pad resources, with LP1 now classified as Measured and Indicated and LP2 upgraded from Inferred to Indicated. The combined leach pad M&I resource totals 49.25 million ounces of silver equivalent.
Reasoning: Major resource upgrade of leach pad assets to higher confidence categories (M&I), supporting upcoming PFS.
Positive factors
- Category upgrade from Inferred to Indicated on LP2
- Upgrade of LP1 to Measured and Indicated
- Significant silver-equivalent tonnage
- QP/CP signed
Negative factors
- Drilling temporarily paused due to rig incident
Facts used in scoring: 8
Classification and evidence
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: Inferred resources on LP2 were upgraded to Indicated.
Evidence · text
“resulting in an upgrade of previously Indicated resources on LP1 to the Measured and Indicated ("M&I"), and Inferred to Indicated on LP2.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: James A. McCrea, P.Geo., is named as the Qualified Person.
Evidence · text
“prepared by James A. McCrea, P.Geo., who is a qualified person”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is part of a NI 43-101 technical report.
Evidence · text
“A copy of the National Instrument 43-101 ("NI 43-101") technical report”
Extracted facts
Stored fact records: 8. Some facts used in scoring do not have a stored record.
Resource Estimates (8)
indicatedsilverTonnes: 22186000000Grade: 43.5Grade Unit: g/tContained Metal: 31030000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- SVE.V
Resource Data
- Category
- indicated
- Tonnes
- 22186000000
- Grade
- 43.5
- Grade Unit
- g/t
- Contained Metal
- 31030000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Significant silver resource upgrade on LP1.
Positive factors
- High silver grade
- Large tonnage
Evidence · text
“22,186 million tonnes grading 43.5 g/t silver”
indicatedgoldTonnes: 22186000000Grade: 0.075Grade Unit: g/tContained Metal: 53498Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SVE.V
Resource Data
- Category
- indicated
- Tonnes
- 22186000000
- Grade
- 0.075
- Grade Unit
- g/t
- Contained Metal
- 53498
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Gold byproduct component of the LP1 resource.
Evidence · text
“0.075 g/t gold, containing ... 53,498 ounces of gold”
indicatedsilverTonnes: 11457000Grade: 16.47Grade Unit: mozContained Metal: 16470000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- SVE.V
Resource Data
- Category
- indicated
- Tonnes
- 11457000
- Grade
- 16.47
- Grade Unit
- moz
- Contained Metal
- 16470000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Successful conversion of LP2 resources to Indicated category.
Positive factors
- Upgrade from Inferred to Indicated
Evidence · table
“16.47”
Context: 11.457
indicatedgoldTonnes: 11457000Grade: 0.1Grade Unit: g/tContained Metal: 0.037Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SVE.V
Resource Data
- Category
- indicated
- Tonnes
- 11457000
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 0.037
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Gold byproduct component of the LP2 resource.
Evidence · table
“0.10”
Context: 11.457
inferredsilverTonnes: 12597000Contained Metal: 12597000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- SVE.V
Resource Data
- Category
- inferred
- Tonnes
- 12597000
- Contained Metal
- 12597000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Inferred portion of total project resource.
Evidence · text
“12,597,000 ounces Ag”
inferredgoldTonnes: 12597000Contained Metal: 33800Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SVE.V
Resource Data
- Category
- inferred
- Tonnes
- 12597000
- Contained Metal
- 33800
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Inferred portion of total project resource.
Evidence · text
“33,800 ounces Au”
measuredsilverTonnes: 22186000000Grade: 31.03Grade Unit: mozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- SVE.V
Resource Data
- Category
- measured
- Tonnes
- 22186000000
- Grade
- 31.03
- Grade Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Significant silver resource upgrade on LP1. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High silver grade
- Large tonnage
Evidence · table
“31.03”
Context: 22186
measuredgoldTonnes: 22186000000Grade: 0.075Grade Unit: g/tContained Metal: 0.053Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SVE.V
Resource Data
- Category
- measured
- Tonnes
- 22186000000
- Grade
- 0.075
- Grade Unit
- g/t
- Contained Metal
- 0.053
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-27T00:00:00.000Z
Reasoning: Significant silver resource upgrade on LP1. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High silver grade
- Large tonnage
Evidence · table
“0.075”
Context: 22186
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.