Newsfile Corp
27 May 2026, 04:15 UTC · 2h ago
Source · https://www.newsfilecorp.com/release/298994/Silver-One-Resources-Announces-Major-25000Metre-Drill-Program-at-Candelaria
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Silver One Resources is launching a 25,000-metre expanded drilling campaign at the Candelaria Silver Project to expand known resources and test new targets. — Large-scale drilling increases the probability of expanding the resource base, which is a primary driver for junior mining valuations.
+0.50The company is advancing toward a Pre-Feasibility Study (PFS) for the Candelaria project. — Moving toward a PFS represents a transition from pure exploration to project development, reducing technical risk and increasing project maturity.
+0.40The project currently holds a combined resource of 137 million ounces AgEq (108 million Measured & Indicated, 29 million Inferred). — Establishing a substantial existing resource base provides a floor for the company's valuation and justifies the current expansion spending.
+0.30The drilling program includes condemnation drilling to ensure future infrastructure is not placed over viable mineralized ground. — This is a standard technical de-risking step that prevents future value loss but does not directly add new resource growth.
+0.10Impact vectors
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The company is launching a significantly expanded drilling campaign to grow its resource base and advance toward a Pre-Feasibility Study.
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