Business
Silver One Provides CEO Update on Its Nevada and Arizona Projects, Southwest USA
Company Plans to Proceed Directly to Pre-Feasibilty at Candelaria Vancouver, British Columbia--(...
About this update from Silver One Resources Inc.
[{"type":"text","content":"Silver One Provides CEO Update on Its Nevada and Arizona Projects, Southwest USACompany Plans to Proceed Directly to Pre-Feasibilty at CandelariaVancouver, 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. HighlightsEconomic 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.\"CandelariaThe 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. ...