Business
Silver One Announces Drilling of Historic Leach Pads and Stockpiles at its Candelaria Mine Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2017) - Silver One Resources Inc. ...
About this update from Silver One Resources Inc.
[{"type":"text","content":"Silver One Announces Drilling of Historic Leach Pads and Stockpiles at its Candelaria Mine Project, NevadaVancouver, British Columbia--(Newsfile Corp. - November 28, 2017) - Silver One Resources Inc. (TSXV: SVE) (OTC Pink: SLVRF) (FSE: BRK1) (\"Silver One\") is pleased to announce the commencement of drilling scheduled to begin November 28th, 2017 at its Candelaria silver project in Nevada. The proposed drill program will consist of approximately 1,000 metres of sonic drilling on the historic heap leach pads and stockpiled material left over from previous operations. Samples will be sent for metallurgical testing to evaluate silver-gold recoveries and potential extraction methods. Boart Longyear, a highly qualified and experienced international drilling company, will conduct the drilling with a track mounted drill rig. Permits are in place to drill within 10 feet of the base liner and includes a contingency plan to correct the accidental piercing of the liner.Silver One's President and CEO, Greg Crowe commented, \"We look forward to receiving the results of this drilling phase which could represent a prime business opportunity moving forward. Past records indicate that the leach pads and stockpiles contain a historic resource of over 37 million tons and 4 million tons with silver grades of 1.29 ounces per ton (40 g/t Ag) and 0.75 ounces per ton (23 g/t Ag) respectively. Assays of preliminary samples show that significant amounts of silver are cyanide-soluble. Candelaria's historic silver grades in leach pads and stockpiles are significantly higher than the 17 g/t silver cutoff grades of the Rochester mine held by Coeur Mining located 220 kilometres north of Candelaria.\"Candelaria was historically the highest-grade silver producer in the state of Nevada, averaging over 1,250 g/t silver from high-grade vein mining between the mid-1800s and the mid-1900s. Open pit mining operations were undertaken in the 1970s through 1998 by several companies, including Nerco and Kinross. Kinross closed the open pit and leach operation in 1998 due to low silver prices. Leaching of the historic pads was not completed leaving a substantial amount of silver unprocessed. It is estimated that the property has produced over 68 million ounces of silver.Preliminary Assays and Metallurgical TestingSilver One geologists have collected eight samples from th...