Silver One Resources Inc. Reports Significant Mineral Resource Estimate for Candelaria Project
- Silver One Resources Inc. filed a National Instrument 43-101 report detailing the Candelaria Project's significant mineral resource.
- The project has approximately 22 million tonnes of measured and indicated resources, yielding 66.754 million ounces of silver.
- Silver One Resources aims to advance the Candelaria Project, enhancing its position in the silver and precious metals sector.
Silver One Resources Inc. Unveils Comprehensive Mineral Resource Estimate for Candelaria Project
Silver One Resources Inc. announces the filing of a National Instrument 43-101 technical report for its Candelaria Project located in Nevada. The report, prepared by geologist James A. McCrea and dated April 30, 2025, provides a detailed mineral resource estimate that highlights the project's significant potential. The measured and indicated (M&I) resource encompasses approximately 22,070,000 tonnes, with an impressive average of 94 grams per tonne (g/t) silver and 0.20 g/t gold. This translates to a substantial total of around 66.754 million ounces of silver and 141,400 ounces of gold, equating to approximately 70.84 million ounces of silver equivalent (AgEq).
The report indicates the presence of an inferred resource of 2,960,000 tonnes, averaging 68 g/t silver and 0.18 g/t gold. This contributes an estimated 6.462 million ounces of silver and 17,000 ounces of gold, or 7.00 million ounces of AgEq. Notably, the underground M&I resource is particularly robust, standing at 1,200,000 tonnes with an average of 168 g/t silver and 0.27 g/t gold. This segment yields a total of 6.45 million ounces of silver and 10,200 ounces of gold, amounting to 6.50 million ounces of AgEq, further illustrating the project's rich mineralization potential.
Silver One Resources continues to position itself as a key player in the silver and precious metals sector, with the Candelaria Project emerging as a cornerstone of its operations. The comprehensive nature of the technical report not only substantiates the project's viability but also enhances the company's credibility in the eyes of stakeholders and potential investors. By providing clear and precise resource estimates, Silver One Resources sets the stage for future exploration and development initiatives that could significantly impact its growth trajectory.
In addition to the mineral resource estimates, the report underscores the strategic importance of the Candelaria Project within the broader context of Nevada's mining landscape. Given the state's reputation as a leading jurisdiction for mining, Silver One Resources is well-positioned to capitalize on the increasing demand for silver and gold in various industries. As the company moves forward, it remains committed to advancing the Candelaria Project and unlocking its full potential.
As Silver One Resources Inc. forges ahead with its exploration and development plans, the recent filing of the technical report is a crucial step in solidifying its position in the market. The impressive resource estimates not only reflect the project's promise but also highlight the company's dedication to transparent and responsible resource management.