Silver One Provides CEO Update on Its Nevada and Arizona Projects, Southwest USA
MWN-AI** Summary
Silver One Resources Inc. has announced significant advancements regarding its Candelaria and Phoenix Silver projects, as reported by CEO Gregory Crowe in a recent update to shareholders. The company plans to move forward directly to a Pre-Feasibility Study (PFS) at its flagship Candelaria project in Nevada, bypassing the Preliminary Economic Assessment (PEA) stage. This revision reflects the confidence gained from substantial resource estimates, including 108.18 million ounces of silver equivalent in the Measured and Indicated categories, bolstered by ongoing drilling efforts.
Plans for Candelaria include auger drilling of heap leach pads to enhance resource classifications and complete a resource update by early 2026. The pre-feasibility study is expected to be finalized by mid-2026, alongside additional metallurgical tests aimed at optimizing recovery rates.
Meanwhile, at the Phoenix Silver project in Arizona, the company is diligently completing an Induced Polarization survey to identify priority porphyry copper-silver prospects. Despite setbacks caused by severe weather affecting project access, Silver One anticipates wrapping up fieldwork and data interpretation by early 2026. Concurrently, geophysical surveys are set to refine the understanding of high-grade silver targets in areas like the "417" site, with plans for potential gravity surveying contingent on results.
Crowe emphasized the strategic importance of their work in 2026 for both projects, highlighting the competitive advantages presented by the historically rich mining districts in which Silver One operates. The company remains committed to maximizing the value of its assets through focused exploration and development initiatives, as it continues to enhance its position within the silver and copper markets.
MWN-AI** Analysis
Silver One Resources Inc. is moving decisively toward advancing its Candelaria project in Nevada and enhancing its Phoenix Silver project in Arizona, indicating a pivotal moment for investors in the silver market.
On December 2, 2025, the company's announcement of proceeding directly to a Pre-Feasibility Study (PFS) for Candelaria signifies enhanced confidence in the project’s economic viability. This progression from an initial Preliminary Economic Assessment (PEA) to a PFS is crucial, as it will provide deeper insights into resource estimates, costs, and potential production timelines. The upgrade of heap leach resources to Measured and Indicated categories, along with ongoing drilling, suggests a robust upward potential in resource estimation, paving the way for potential near-term production and upgraded mining permits.
Meanwhile, the Phoenix Silver project aims to exploit high-grade silver and porphyry copper-silver targets in a mineral belt enriched with promising geological formations. As work progresses with the Induced Polarization surveys and Ground Penetrating Radar investigations of the "417" area, market watchers should closely monitor how these developments affect resource delineation and future drilling plans.
Considering these strategic advancements, investors might view Silver One as a compelling opportunity, especially given the current bullish sentiment surrounding silver prices as a hedge against inflation and economic uncertainty. The company's positioning in two promising projects, coupled with its strategic initiatives to enhance resource evaluation, could attract interest from both retail and institutional investors.
Those considering an entry point into Silver One should also account for the inherent risks associated with mining ventures, such as potential delays in project development and regulatory challenges. Diversifying exposure within the silver mining sector may also mitigate these risks while allowing investors to capitalize on the growth potential of Silver One as it moves into a pivotal phase in its development lifecycle.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Company Plans to Proceed Directly to Pre-Feasibilty at Candelaria
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to provide an update to our shareholders on ongoing activities and work planned at its Candelaria and Phoenix Silver projects.
Highlights
- Economic study at Candelaria to advance directly to Pre-feasibility ("PFS").
- Drilling of heap leach pads to upgrade resource to Measured and Indicated.
- Induced Polarization ("IP") survey at Phoenix Silver nears completion.
- Ground Penetrating Radar ("GPR") and drone magnetometer surveys over "417" high-grade silver target area at Phoenix Silver. Results may warrant a detailed gravity survey to follow.
Gregory Crowe, President and CEO, commented: "Advancing toward the completion of a pre-feasibility study at Candelaria marks a very significant step in moving the project to the Development stage. This more robust and detailed study will provide greater confidence than a Preliminary Economic Assessment ("PEA"), and will enable the Company to proceed with a Plan of Operations to facilitate the updating of existing permits. The Company also continues to enhance the merits of its Phoenix Silver project in Arizona, which hosts both high-grade silver and porphyry copper-silver prospects. Management looks forward to what could be a momentous year in 2026."
Candelaria
The Company continues to advance its flagship Candelaria past producing mine in Nevada, with the aim of advancing it to the development stage. In May of this year (see News Release of May 6, 2025), an in-ground mineral resource was announced and earlier, a leach pad resource (see News Release of August 18, 2020) was reported. The property now hosts 108.18 million ounces of silver equivalent in the Measured and Indicated categories and 29.46 million ounces of silver equivalent in the Inferred category (see News Release of May 6, 2025 for complete technical details on the resource). The mineralization is open down-dip and along strike, and continued drilling could potentially identify additional zones of mineralization.
The above resource was used to commence mine planning, production scheduling and economic evaluation. Mine planning and production schedules, preliminary engineering and costing have been mostly completed. The Company was moving towards the completion of a Preliminary Economic Assessment ("PEA") by late 2025. However, Silver One will now be able to proceed directly to a Pre-Feasibility ("PFS") level study as confirmed by our study Qualified Persons ("QP's"). Additional metallurgical testing is needed to optimize gold and silver recoveries and validate previous results. The upgrading of the heap leach pad resources to Measured and Indicated will also be undertaken. This will result in a more accurate study and will allow for the Company to proceed with a Plan of Operations ("PoO"), which will be required to update existing permits.
Work planned Candelaria
- Auger drilling in leach pads (LP1 and LP2) - estimated to be completed in early 2026.
- Resource update of leach pads - estimated to be completed in Q1 2026.
- Pilot Tests: Large columns using non-cyanide Extrakt's solutions H1 2026.
- Pre-Feasibility Study (PFS): estimated to be completed Q2-Q3 2026.
- Plan of Operations: scheduled H2 2026.
Phoenix Silver, Arizona
Potential Porphyry Copper-Silver Exploration
On September 22, 2025, the Company announced the commencement of a ground IP/MT survey to investigate and better define ZTEM (electromagnetic) copper-silver targets identified on the property. The survey has proceeded slowly due to unexpected catastrophic rains that affected the area in late September 2025. These storms severely damaged roads and made access to survey sites difficult. Rain and electric storms continued in early November, further delaying the work. The fieldwork is now estimated to be completed by the end of December with the interpretive report to follow.
The IP/MT survey is designed to test two priority porphyry targets that are in the southern part of the property, where multiple select rock samples returned strongly elevated copper and silver values (see News Release of Feb 20, 2025). This area is along strike and 5 km from Freeport McMoRan's Miami-Inspiration copper mining complex and BHP's new Ocelot copper porphyry prospect. All occur within a 50+ long mineralized belt hosting multiple copper and silver properties including BHP-Rio Tinto's Resolution project, Capstone's Pinto Valley Mine and KGHM's Carlota project, among others.
High-Grade Silver Exploration
An east-west structure thought to be the host of the large silver vein fragments was drilled in late 2024 at the 417 area (see News Release Feb 24, 2025). Anomalous silver with copper, lead and zinc values were encountered in many of the holes drilled. Although the mineralized structure was intersected, extremely high-grade massive silver was not encountered. This suggests that the targeted massive silver may occur in discontinuous ore shoots in-between drill intercepts, and/or at deeper depths.
A ground penetrating radar ("GPR") and a drone-operated detailed magnetometer survey are planned in the 417 area with the goal to potentially better define silver targets. If successful, a close-spaced gravity survey may be undertaken over specific targets. These surveys may also be extended to other silver targets including the Mexican Mine and the Nuggets North target (see News Releases of September 22, and Feb 20, 2025).
Ongoing and planned work Phoenix Silver
- IP/MT survey in progress and estimated to be completed by year end, with final interpretation early 2026.
- Rock sampling of veins, structures, dumps and altered areas over the IP/MT area was completed in October 2025. Assays are pending.
- GPR and drone magnetometer surveys over the 417 area — surveys estimated to be completed in late 2025 to early 2026, with interpretation to follow.
- Gravity test over 417 area if warranted — survey intended to assist in the definition of silver targets for future drilling scheduled to follow-up on targets identified by the GPR and magnetometer surveys.
Qualified Person
The technical content of this News Release has been reviewed and approved by Robert M. Cann, P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company.
About Silver One
Silver One is focused on the exploration and development of quality silver projects. The Company owns a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in unmined historic resources as well as in previously identified high-grade silver intercepts down-dip, which can potentially increase the substantive silver mineralization along-strike from the two past-producing open pits.
The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike.
Silver One also has 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect, recently permitted for drilling, which lies within the "Arizona Silver Belt," immediately adjacent to the prolific copper producing area of Globe, Arizona.
For more information, please contact:
Silver One Resources Inc.
Gary Lindsey - VP, Investor Relations
Phone: 604-974?5274
Mobile: (720) 273-6224
Email: gary@strata-star.com
Forward-Looking Statements
Information set forth in this News Release contains forward-looking statements that are based on assumptions as of the date of this News Release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silver One's control. Such factors include, among other things: risks and uncertainties relating to Silver One's limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on the Candelaria Project, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276577
FAQ**
What specific factors led Silver One Resources Inc. SVE:CC to decide to proceed directly to a Pre-Feasibility Study instead of completing a Preliminary Economic Assessment first?
How does the planned auger drilling in the heap leach pads (LP1 and LPaim to enhance the resource estimate at the Candelaria project, and what challenges might the company face during this phase?
Can you provide details on the expected timeline and methodologies for the metallurgical testing that is required to optimize gold and silver recoveries as outlined in the Candelaria project's advancement plan?
What implications does the completion of the Pre-Feasibility Study have on Silver One Resources Inc. SVE:CC's overall strategy for development and its ability to update existing permits for the Candelaria project?
**MWN-AI FAQ is based on asking OpenAI questions about Silver One Resources (OTC: SLVRF).
NASDAQ: SLVRF
SLVRF Trading
-2.9% G/L:
$0.4226 Last:
159,389 Volume:
$0.471 Open:
