Silver One Drilling for Geotechnical Pit Slope Study at Candelaria, Projec, Nevada

Why It Matters

The geotechnical program de‑risks the open‑pit design, accelerating Silver One’s path to a definitive pre‑feasibility study and potential near‑term production. Successful completion could unlock significant shareholder value and reinforce Nevada’s status as a leading silver mining hub.

Key Takeaways

• Core drilling starts 1,900m across nine holes
• PFS pit-slope study by Call & Nicholas underway
• Open-pit resource: 22M t @ 94 g/t Ag, 0.20 Au
• Existing permits and infrastructure reduce development risk
• Historic leach pads could enable near-term production

Pulse Analysis

Geotechnical drilling is the foundation of any safe, cost‑effective open‑pit mine, and Silver One’s 1,900‑metre program is designed to map rock mass behavior within the proposed pit footprint. By extracting continuous HQ‑diameter cores, the company will generate detailed strength, fracture and groundwater data that inform slope angles, bench heights and haul‑road alignments. Partnering with Call & Nicholas, a globally respected engineering firm, adds credibility to the pit‑slope stability analysis, ensuring that the forthcoming pre‑feasibility study rests on robust engineering assumptions rather than speculative models.

Candelaria’s resource profile is compelling: over 22 million tonnes of measured and indicated material delivering more than 66 million ounces of silver and 140,000 ounces of gold, plus an additional inferred tonnage that could expand the pit’s life. The project benefits from a legacy of production, existing permits, year‑round road access, and ready‑made power and water infrastructure—advantages that dramatically shorten the timeline to commercial operation compared with greenfield developments. In a Tier‑1 jurisdiction like Nevada, such infrastructure reduces capital intensity and regulatory uncertainty, making the project attractive to both equity investors and strategic partners.

Beyond the immediate engineering milestones, the initiative signals Silver One’s broader growth strategy. The company is eyeing near‑term cash flow from reprocessing historic leach pads while simultaneously exploring high‑grade intercepts down‑dip and along‑strike extensions of the ore body. Successful completion of the pre‑feasibility study could position Candelaria as a low‑cost, high‑grade silver producer, bolstering supply in a market where silver prices are driven by industrial demand and investment sentiment. This development may also catalyze further exploration activity across Nevada’s prolific silver districts, reinforcing the state’s reputation as a premier mining jurisdiction.