C$149m market cap
C$0.73 last close
Silver One Resources is focused on the exploration and development of quality silver projects. Its flagship asset is the past-producing Candelaria Mine in Nevada. It also has options over a number of other silver assets, including the Silver Phoenix project in Arizona and the Cherokee project in Nevada.
On 18 August, Silver One Resources announced an updated mineral resource on its heap leach pads at its flagship, past producing Candelaria silver project in Nevada. The update promotes a significant portion of the resource from the inferred to the indicated category. While there is a slight reduction in overall size cf the previous (May 2001) estimate, the difference may be explained by a conservative methodology, including capping high silver values and low estimated densities. The majority of the global, in-situ historical hard-rock resource remains unchanged. Drilling with the goal of upgrading it was undertaken in early 2020, but was interrupted in March by the onset of COVID-19. However, the potential to upgrade it in due course looks promising, especially within the context of higher-grade intercepts down-dip from the past producing pits and higher silver prices