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Silver One Commences Core Drilling for Geotechnical Pit Slope Study at Its Candelaria, Project Nevada
TMX Newsfile· 2026-03-02 05:15
Core Insights - Silver One Resources Inc. has initiated a core drilling program to gather geotechnical data for its Candelaria Silver Project in Nevada, marking a significant step towards a pre-feasibility study (PFS) scheduled for completion in Q4 2026 [1][5] - The company has engaged Call & Nicholas, Inc. for a PFS-level pit-slope stability study, which will support the conceptual open-pit design [1][5] Drilling Program Details - The drilling program consists of nine HQ-diameter core holes totaling approximately 1,900 meters, strategically located within the proposed open-pit footprint [2] - The geotechnical data obtained will inform slope design, optimize mine engineering, and enhance long-term operational safety and efficiency [2] Project Overview - Candelaria is recognized as a compelling emerging silver project in the U.S., with a history of successful operations and advantages such as previous permitting, excellent infrastructure, and year-round road access [3] - The project has significant potential for resource expansion both along strike and at depth, positioning it as a unique opportunity in a Tier-1 jurisdiction [3] Resource Estimates - The current global resource for the Candelaria property includes 108.18 million ounces of silver equivalent (AgEq) in Measured & Indicated (M&I) resources and 29.53 million ounces AgEq in Inferred resources [4] - The open-pit resource is part of a larger property resource that also includes two heap leach pads with substantial silver and gold content [4] Management Commentary - The President and CEO of Silver One emphasized that the initiation of the geotechnical drilling program and the commissioning of the slope-stability study are major milestones in de-risking and advancing the Candelaria project [5]