- The Candelaria Project boasts a total of 108.18 million ounces of silver equivalent in Measured and Indicated categories.
- The project includes significant underground resources, with an average of 168 g/t silver and 0.27 g/t gold in M&I categories.
- Silver One Resources (SLVRF, Financial) filed a comprehensive NI 43-101 technical report on April 30, 2025.
Silver One Resources Inc. (SLVRF) has announced the filing of a NI 43-101 technical report for its Candelaria Project in Nevada, highlighting substantial mineral resources. The total resources for the project are now 108.18 million ounces of silver equivalent in Measured and Indicated categories, with an additional 29.46 million ounces in the Inferred category.
The resources at Mount Diablo and Northern Belle pits include Measured and Indicated (M&I) resources of 22.07 million tonnes, averaging 94 g/t silver (Ag) and 0.20 g/t gold (Au), resulting in 66.754 million ounces of silver and 141,400 ounces of gold. Additionally, the underground M&I resources add 1.2 million tonnes, averaging 168 g/t Ag and 0.27 g/t Au, yielding 6.45 million ounces of silver and 10,200 ounces of gold.
Inferred resources for the pit-constrained areas amount to 2.96 million tonnes, averaging 68 g/t Ag and 0.18 g/t Au, translating to 6.462 million ounces of silver and 17,000 ounces of gold. The underground Inferred resources comprise 650,000 tonnes with an average of 150 g/t Ag and 0.24 g/t Au, resulting in 3.136 million ounces of silver and 5,100 ounces of gold.
The report, prepared by James A. McCrea and dated April 30, 2025, provides an in-depth mineral resource estimate for the Candelaria Project. This comprehensive analysis underscores the significant potential for future economic extraction, despite the resources not being classified as mineral reserves yet.
Readers are encouraged to access the full technical report for detailed information regarding the assumptions, qualifications, and exclusions that pertain to these estimates. The report emphasizes the continued exploration potential to upgrade Inferred resources into higher confidence categories, which could be critical in future strategy and planning.
