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Silver One Receives Permit to Drill Historic Leach Pads at Its Candelaria Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2017) - Silver One Resources Inc. (...
About this update from Silver One Resources Inc.
[{"type":"text","content":"Silver One Receives Permit to Drill Historic Leach Pads at Its Candelaria Project, NevadaVancouver, British Columbia--(Newsfile Corp. - October 31, 2017) - Silver One Resources Inc. (TSXV: SVE) (OTC Pink: SLVRF) (FSE: BRK1) (\"Silver One\") is pleased to announce that it has received permitting from the Bureau of Land Management (\"BLM\") to begin drilling of the historic leach pads at its past producing Candelaria silver project in Nevada. Drilling is expected to commence November 2017.Greg Crowe, President and CEO of Silver One commented, \"With the closing of the previously announced C$4.3 million financing and the receipt of the BLM permit, Silver One is now in a strong position to advance its flagship Candelaria past producing silver project in Nevada. Drill testing of the old leach pads, which have a previously disclosed historic inferred resource (see table below) of over 48 million ounces of silver averaging 1.29 oz/t silver (40 g/t), will be our first priority. Drill samples will be submitted for analytical and metallurgical studies to assess the potential of reprocessing the old leach pads to recover silver in a near-term leaching operation. Silver One will also be exploring the potential for down-dip high grade silver mineralization north of the two past-producing open pits and historic resource area where drill intercepts as high as 670 g/t (21.4 oz/t) over 13.7 metres were encountered. Additionally, numerous old workings that occur along strike from the open pits will be examined to determine the potential of adding new silver resources at 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 incomplete leaving a substantial amount of silver unprocessed. It is estimated that the property has produced over 68 million ounces of silver.Historical Resource Estimate - Candelaria ProjectSSR Mining Inc. (formerly Silver Standard Resources Inc.) acquired the Candelaria Project in 2001. A technical report titled \"Candelaria Project Technical Report\" da...