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

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/silver-one-resources-announces-upgrade-of-leach-pad-resources-to-measured-indica--6febcfe9-9278-4a06-ab20-185a69639c5a

Original source: https://orestocks.com/company/SVE.V/press-releases/7340429448297134

Publisher: orestocks

Original announcement: 2026-08-27T04:15:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: Category upgrade from Inferred to Indicated on LP2

- Positive factor: Upgrade of LP1 to Measured and Indicated

- Positive factor: Significant silver-equivalent tonnage

- Positive factor: QP/CP signed

- Negative factor: Drilling temporarily paused due to rig incident

Facts used in scoring: 8

## Classification and evidence

**Category Upgrade**

Polarity: positive

Definition: 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 Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/silver-one-resources-announces-upgrade-of-leach-pad-resources-to-measured-indica--6febcfe9-9278-4a06-ab20-185a69639c5a#fact-resource-facts-0)

silver

#### 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 factor: High silver grade

- Positive factor: Large tonnage

Evidence · text

> 22,186 million tonnes grading 43.5 g/t silver

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/silver-one-resources-announces-upgrade-of-leach-pad-resources-to-measured-indica--6febcfe9-9278-4a06-ab20-185a69639c5a#fact-resource-facts-1)

gold

#### 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/silver-one-resources-announces-upgrade-of-leach-pad-resources-to-measured-indica--6febcfe9-9278-4a06-ab20-185a69639c5a#fact-resource-facts-2)

silver

#### 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 factor: Upgrade from Inferred to Indicated

Evidence · table

> 16.47

Context: 11.457

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/silver-one-resources-announces-upgrade-of-leach-pad-resources-to-measured-indica--6febcfe9-9278-4a06-ab20-185a69639c5a#fact-resource-facts-3)

gold

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/silver-one-resources-announces-upgrade-of-leach-pad-resources-to-measured-indica--6febcfe9-9278-4a06-ab20-185a69639c5a#fact-resource-facts-4)

silver

#### 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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/silver-one-resources-announces-upgrade-of-leach-pad-resources-to-measured-indica--6febcfe9-9278-4a06-ab20-185a69639c5a#fact-resource-facts-5)

gold

#### 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

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/silver-one-resources-announces-upgrade-of-leach-pad-resources-to-measured-indica--6febcfe9-9278-4a06-ab20-185a69639c5a#fact-resource-facts-6)

silver

#### 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 factor: High silver grade

- Positive factor: Large tonnage

Evidence · table

> 31.03

Context: 22186

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/silver-one-resources-announces-upgrade-of-leach-pad-resources-to-measured-indica--6febcfe9-9278-4a06-ab20-185a69639c5a#fact-resource-facts-7)

gold

#### 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 factor: High silver grade

- Positive factor: 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.