Silver One Reports Filing of Technical Report to Mineral Resource Estimate on Its Candelaria Project, Nevada
Candelaria's project resources (from open-pit, underground, stockpiles and heap-leach pads) now total 108.18 million ounces of silver equivalent in the Measured and Indicated categories, and 29.46 million ounces of silver equivalent in the Inferred category
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2025) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to announce it has filed on SEDAR a National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") technical report (the "Technical Report") with respect to the Candelaria Project (the "Project"), located in Nevada, USA. The Technical Report titled "Mineral Resource Estimate on the Candelaria Property" dated April 30, 2025, prepared by James A. McCrea, P. Geo, supports the initial mineral resource estimate ("MRE") at the Project (see news release dated May 6, 2025).
Highlights:
Mount Diablo and Northern Belle pit-constrained resources:
Measured and Indicated (M&I) resource of 22,070,000 tonnes averaging 94 g/t Ag and 0.20 g/t Au, for 66.754 million ounces of silver and 141,400 ounces of gold, or 70.84 million ounces of silver equivalent ("AgEq") (see note ˧ in table 1).
Inferred resource of 2,960,000 tonnes averaging 68 g/t Ag and 0.18 g/t Au, for 6.462 million ounces of silver and 17,000 ounces of gold (7.00 million oz AgEq).
Underground Measured and Indicated resource of 1,200,000 tonnes averaging 168 g/t Ag and 0.27 g/t Au, for 6.45 million ounces of silver and 10,200 ounces of gold (6.50 million oz AgEq).
Underground Inferred resource of 650,000 tonnes averaging 150 g/t Ag and 0.24 g/t Au, for 3.136 million ounces of silver and 5,100 ounces of gold (3.15 million oz AgEq).
Candelaria's project resources (from open-pit, underground, stockpiles and heap-leach pads) now total 108.18 million ounces of silver equivalent in the Measured and Indicated categories, and 29.46 million ounces of silver equivalent in the Inferred category.
Table 1. Candelaria in-ground, underground, and stockpiles mineral resource estimates.
Totals above include pit Constrained Mineral Resources (Mt. Diablo and Northern Belle) at a US$9.273 NSR cut-off, within a US$27.50/oz Ag optimized engineered pit ("design pit") (see footnotes and Resource Estimate Details section below).
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4730/256071_9d2bcf61f4fe89b4_0001full.jpg
1. A Mineral Resource is a concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction.An Inferred Mineral Resource is that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity.An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.An Indicated Mineral Resource is that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Geological evidence is derived from adequately detailed and reliable exploration, sampling and testing and is sufficient to assume geological and grade or quality continuity between points of observation.An Indicated Mineral Resource has a lower level of confidence than that applying to a Measured Mineral Resource and may only be converted to a Probable Mineral Reserve.2. Mineral resources, which are not mineral reserves, do not have demonstrated economic viability. The estimate of mineral resources has no known issues and does not appear materially affected by any known environmental, permitting, legal, title, socio-political, marketing, or other relevant issues. There is no guarantee that Silver One will be successful in obtaining any or all of the requisite consents, permits or approvals, regulatory or otherwise for the project or that the project will be placed into production.3. The mineral resources in this study were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum ('CIM'), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the Standing Committee on Reserve Definitions and adopted by the CIM Council on May 10, 2014.4. This Mineral Resource Estimate for the near-surface material is based on material within an optimized open pit shell that results from a US$27.50/oz silver price revenue factor. Tonnes and grade reported at $27.50/oz Ag and U$2,106/oz Au.5. The Mineral Resource Estimate for underground material was calculated using a 90 g/t Ag(T) cut-off below the $27.50 Pit and using a 70% mining recovery.6. Total Ag (AgT) and Au (AuT) mean total silver and gold assays (FA/Gravity) reported by the lab. It also means Calculated silver and gold values for historic samples collected by previous operators that were assayed for cyanide soluble silver or gold only, but not assayed for total gold and silver. Average total silver and gold for Mt. Diablo, Northern Belle and Underground resources in this table are derived from silver and gold assays in a database that consists of up to 80% of cyanide soluble silver and gold assays only. Approximately 20% of the assays in the database have both FA and or gravity total silver and gold values. The latter constitutes the basis for the generation of the Calculated silver and gold values using regression formulas developed by qualified Silver One professionals.
The Technical Report is available for review on SEDAR+. Readers are encouraged to read the Technical Report in its entirety, including all qualifications, assumptions and exclusions that relate to the mineral resource estimate. The Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context.
Qualified Persons
The mineral resource estimate was prepared by James A. McCrea, P. Geo, an independent Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the content of the news release relating to the mineral resource estimate.
The technical content of this news release, not related to the mineral resource estimate, has been reviewed and approved by Robert M. Cann, P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company.
About Silver One
Silver One is focused on the exploration and development of quality silver projects. The Company holds 100% interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in previously identified high-grade silver intercepts down-dip and potentially increasing the substantive silver mineralization along-strike from the two past-producing open pits.
The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike.
Silver One also owns a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt," immediately adjacent to the prolific copper producing area of Globe, Arizona.
For more information, please contact:
Silver One Resources Inc.Gary Lindsey - VP, Investor RelationsPhone: 604-974‐5274Mobile: (720) 273-6224Email: gary@strata-star.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silver One's control. Such factors include, among other things: risks and uncertainties relating to Silver One's limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on the Candelaria Project, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256071
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBS News
27 minutes ago
- CBS News
Is a high-yield savings account worth it in today's economy? Here's what savings experts think.
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. If you want to earn more interest on your money, it could be time to open a high-yield savings account. Getty Images While there are numerous interest-bearing deposit accounts for savers to consider, high-yield savings accounts have become a popular financial tool. These accounts are easy to open from the convenience of your own home, thanks to the wide variety of online banks that offer them. And unlike traditional savings accounts, high-yield savings accounts allow you to earn hefty returns on your savings. Like other savings tools, though, the potential returns on high-yield savings accounts are largely dependent on the economic climate. These accounts were especially worth considering in recent years, as interest rates were high overall thanks to the fight against elevated inflation. When the Federal Reserve lowered the federal funds rate in late 2024 and early 2025, though, many high-yield savings account rates dropped in tandem. That, in turn, led to questions about whether it was really worth it to open this type of savings account. Whether a high-yield savings account is ultimately worth it for you depends on a range of factors, including your savings goals and liquidity needs, so you'll need to weigh all the factors to determine whether opening one is the right move. But to help you decide, we spoke with savings experts to find out if these accounts are still worth it in today's economic climate. Find out how to earn more with the right high-yield savings account now. Is a high-yield savings account worth it in today's economy? Here's what experts had to say about opening this type of savings account in this economy: These accounts offer an opportunity to earn more A high-yield savings account can help you earn considerably more than you would in a traditional savings account. Right now, the average traditional savings account rate is just 0.42%, which doesn't really equate to a meaningful return on your savings. High-yield savings accounts, on the other hand, typically have returns that are many times that. "High-yield savings accounts do what most savings accounts don't: actually earn something, " says Ryan McLin, a CFP with Impact Wealth Group. "With rates often 10x higher than traditional savings accounts, they're ideal for emergency funds and cash reserves." To give you an idea of how much better the earning potential is with a high-yield savings account, imagine you had $10,000 of savings to deposit. In a high-yield savings account with a 4% interest rate, you would earn more than $400 in the first year and more than $2,200 after five years. Meanwhile, you would earn about $211 in interest on $10,000 after five years in a traditional savings account with a 0.42% return. According to McLin, these accounts are well-suited to short-term financial goals, such as the down payment on the home you're planning to buy in the next year or two. They're also the best place to house your emergency fund, thanks to the safety and liquidity they offer. Explore your high-yield savings account options and get started today. High-yield savings account rates remain high for now Interest rates on high-yield savings accounts are variable, so they generally ebb and flow based on the Federal Reserve's federal funds rate and other economic conditions. When the Fed lowers rates, the rates on high-yield savings accounts typically also decline (and vice versa). "After the Fed raised rates and then hit pause, we saw high-yield savings accounts hold steady with some of the best rates we've had in years," says Michael Rodriquez, a certified financial planner with Equanimity Wealth. "Online banks are still competing for deposits, which is keeping rates elevated for now. It's been a rare bright spot in a pretty uncertain economy." Though rates may be a bit lower than they were throughout parts of 2023 and 2024 when the federal funds rate was higher, it's still possible to find high-yield savings account rates of 4% or more currently. Rates on these accounts vary from one bank to the next, though, so it's worth shopping around for one with a competitive return. Of course, there's no guarantee high-yield savings account rates will remain high. If the Fed decreases the federal funds rate, you can expect high-yield savings account rates to dip. But even at their lowest rates, these accounts tend to offer more generous returns than traditional savings accounts. High-yield savings accounts aren't a substitute for investing While high-yield savings accounts are an excellent option for emergency savings and short-term financial goals, they aren't a suitable replacement for investing. "Don't let interest earned in high-yield savings account replace what equity and even bond markets can offer over the long term," says McLin. "This account isn't for growing wealth but making sure accessible cash doesn't lose purchasing power over time." According to the U.S. Securities and Exchange Commission, the stock market has an average historical return of about 10% per year. On the other hand, you'd be lucky to earn 5% in a high-yield savings account. This can make high-yield savings accounts less than ideal for things like your retirement savings, where the goal is growing wealth rather than just preserving it. Your high-yield savings account should also be just one part of your overall financial plan. Generally speaking, you'd turn to stocks and other investments for your retirement and long-term savings and reserve your high-yield savings account for emergency and short-term savings. You may want to consider CDs as an alternative High-yield savings accounts are one option for short-term savings, but they aren't the only option. You may also consider certificates of deposit (CDs). CDs have set terms and fixed interest rates, so you're able to lock in today's high rates for the full CD term. "Short-term CDs, those with maturities of under a year, offer more flexibility, while long-term CDs (one year or longer) typically provide higher interest rates in exchange for less liquidity," says Matt Hicks, VP of Deposit Products at First Tech Federal Credit Union. "However, with the current interest rate environment, consumers can still find short-term certificates with rates equal to or greater than those of their long-term counterparts." Some banks offer more competitive rates on CDs than on high-yield savings accounts, which can make them a solid choice. However, CDs also require you to lock up your funds for the full term. If you do withdraw money early, you will generally face early withdrawal penalties. The bottom line High-yield savings accounts can still be worth it in today's economic climate, especially compared to traditional savings accounts. While rates are a bit lower than they were a year or two ago, high-yield savings accounts remain one of the best tools for your short-term and emergency savings. Just make sure to think of a high-yield savings account as a part of your financial strategy instead of the entirety of it. When combined with other financial tools, though, high-yield savings accounts can help you meet your financial goals and preserve the value of your hard-earned savings.
CBS News
27 minutes ago
- CBS News
Millions made available for Florida universities to pay student-athletes
Pointing to a need to avoid a disadvantage in recruiting athletes, Florida university-system leaders Wednesday made up to $22.5 million available for each state university to share revenues with athletes. The system's Board of Governors approved the funding, which will be available annually at that level as a loan or transfer for the next three years. It is designed to help carry out a new revenue-sharing model with athletes under a national legal settlement in a case known as House v. NCAA. Will help put universities into a position to compete for talent It comes amid massive change in college sports, in part because of athletes now being able to cash in through "name, image and likeness" deals. Traditionally, college athletes could not be paid. Board of Governors member Alan Levine said the money approved Wednesday "takes some of the pressure off the donors" now funding name, image and likeness deals and ensures "we put our universities in as advantageous a position as possible to compete." The settlement, approved June 6 by U.S. District Judge Claudia Wilken of the Northern District of California, in part establishes a 10-year model for NCAA Division I schools to expand rosters and directly pay athletes for their names, images and likenesses. "They're already out there trying to sign contracts with these athletes," Levine said. "And if we don't act, there's a really good chance that our institutions will be severely disadvantaged. I don't think anybody wants that." Spending is capped per school Payments, expected to go primarily to students who play football and men's basketball, would be in addition to currently allowed individual name, image and likeness deals, where money is often raised and distributed through what are known as "collectives" and other organizations tied to schools. Under the settlement, schools that opt in to the plan could spend up to a capped amount on direct payments and roster-expanding scholarships. For the 2025-2026 school year, the cap would be set at $20.5 million per school. Peter Collins, chairman of the Florida State University Board of Trustees, said not every Florida school will reach the cap. "I don't know for sure everybody else around the table, but I know we will, because everybody that we play is spending in the cap," Collins said. The cap is based on calculations involving media, ticket and sponsorship revenue at schools in what are known as the "Power 5" conferences --- the Atlantic Coast Conference, Big Ten, Big 12, Southeastern Conference and Pac-12 --- and at Notre Dame. The additional $2 million being offered to schools would cover back-pay of certain athletes who played before name, image and likeness deals became legal in 2021.
Forbes
27 minutes ago
- Forbes
Ex-H&M CEO Helena Helmersson On Circulose's Recycling Reboot With Mango
Garment's made from re:newcell's Circulose pulp, Paris Textile Salons, New York, USA - 16 Sep 2019 ... More (Photo by Dominique Maître/WWD/Penske Media via Getty Images) After hinting at big news during the recent Challenge the Fabric (CTF) conference, Circulose CEO Jonatan Janmark today announced the textile recycler's first brand partnership after emerging from bankruptcy in 2024. 'We're proud to partner with the forward-thinking brand Mango and support their high ambitions in circularity' said Janmark. "Their strong commitment brings us one step closer to restarting the factory and sets a powerful example for the industry. We hope it will inspire other brands to follow their lead.' Circulose is a regenerated textile 'pulp' from 100% waste fabrics, spun into recycled fibres similar to cotton or viscose. The recycler aims to valorise textile waste while decreasing brands' dependence on higher-impact 'virgin' fibres, which face increased European regulation and scarcity due to climate change. With brands, including Mango, setting environmental targets with 2030 and 2050 deadlines, prioritising recycled materials is one way of reducing company emissions, and supply chain risks. Circulose, formerly Renewcell, closed its factory after going bankrupt in February 2024 then relaunching in November with new investors Altor, Janmark as CEO and ex-H&M Group CEO, Helena Helmersson as chair of the board. Andrés Fernández, Mango's Sustainability and Sourcing Director shared Janmark's pride about today's announcement: 'We're proud to be the first brand to partner in Circulose's new phase and look forward to working closely together to advance our shared circularity goal'. He added: 'This collaboration marks a significant step on our sustainability roadmap as we strive to exclusively use fibres with lower environmental impact by 2030." The roadmap also includes sourcing regenerative cotton to tackle emissions, improve biodiversity and safeguard farmer health and resilience. Framing the partnership as far from a pilot or one-off 'collab', he indicated enduring business integration: '[The partnership] reflects our commitment to fostering a more circular and responsible fashion ecosystem, where innovation and environmental stewardship go hand in hand'. In an interview conducted as the announcement went public, Helmersson explained that there will be another brand partnership announced soon, despite the tough geopolitical and economic climate. The positive news is reassuring, since Circulose's business-model of old was viewed a major barrier to scaling its first-of-a-kind chemical recycling technology. Helmersson says her contribution to Circulose's new chapter lies in her ability to see the proposition from a brand's vantage point. 'It's easy for me to have a brand perspective – I know why it's hard [to implement such initiatives in the face of] unpredictability, with tariffs effecting margins and other challenges'. So how should brand CEOs weigh these partnerships, and integrate them into their businesses? 'When you are the CEO you have a responsibility to make it simple [for your business to implement] . For example, if you have buyers looking at circular materials that come with the premium, the cost [should be] taken from the top [not solely from their buying budget]". Janmark had stated during the CTF conference in May this year that Circulose would be offering a package of 'value-added services' to brand partners, including product development support, a fabric library to guide brands in replacing existing fabrics with Circulose ones, and access to a supplier network of fiber spinners and textile mills. The package constitutes a licensing model, including large-scale implementation, such as transition planning, supply chain orchestration, and traceability, according to today's company statement. The recycler's new pricing model was developed in collaboration with non-profits Fashion for Good and Canopy as part of a broader effort to accelerate brand adoption of 'next-generation' (low-waste/low-impact novel) materials. Despite their promising credentials, 'next-gen' materials have been unable to compete with 'higher-footprint' cheaper incumbents, remaining consigned to pilots and small 'capsule' collections that have faltered when it comes to industrial scaling. Helmersson was instrumental in H&M Group's sustainability investments while COO and then CEO between 2018 and 2024, overseeing direct investments in supply chain decarbonisation that have since placed H&M at the top of NGO annual scorecard of brands phasing out fossil fuels. But as tariffs bite, and decarbonisation of energy remains the sure-fire and measurable action to reduce emissions fastest, why might brands adopt Circulose now, especially when it comes at a premium? 'Mango has a progressive sustainability agenda and their management team sees sustainability as integrated. I think overall, certain companies choose to lead, usually based on 3 things: and seeing sustainability as an area that will make [the] business more successful'. While those who act based on goodwill are in the minority, they are the first movers on long-term resilience-enhancing solutions such as new materials, according to Helmersson. She also notes that while brands 'must go deep, not broad and shallow" into their supply chains and decarbonise operations, they 'should always look at consumer-facing stories too, to connect with [consumer] values and create the relationship to move away from only transactions'. When it comes to instigating more action from brands on sustainability initiatives, and the three motivators she posits, she has a stark outlook. "The more unpredictable the world becomes, the more [leaders] can [justify] deprioritising goodwill," she says. 'I am a big believer in more regulation in this area – I don't believe much in goodwill'. Stand by for my follow-up article where Helmersson reveals the required leadership and conditions for CEO action on sustainability.
