Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) has completed Phase II reverse circulation (RC) drilling (7,500 m) initiated in January, 2022 and commencement of a 1,500-m metallurgical core drilling programme on its Candelaria Project located in western Nevada, USA.
The Phase II RC programme’s goals were to fill-in and to expand areas of silver mineralisation marginal to the two past-producing open pits.
Results from this programme (assays pending) and previous programmes of January 2018, December 2018, May 2019, August 12020, February 2021, May 2021 and July 1 2021, will be used in the preparation of a resource estimate prepared in accordance with CIM and NI 43-101.
The metallurgical core drilling programme is designed to collect large-diameter core samples from fresh (in-situ) mineralised material for metallurgical testing. The results will be used to support a Preliminary Economic Assessment (PEA) economic study. Both the resource update and PEA are anticipated to be completed by the end of 2022.
“We are looking forward to receiving assays from our recently completed reverse circulation drilling programme and to start working on the company’s first in-situ resource estimate prepared under NI 43-101,” President and CEO, Gregory Crowe, said.
“We have also initiated metallurgical core drilling to collect large size core for testing and determining silver recovery of mineralised material representative of the historic resource area that lies beneath and marginal to the Mount Diablo and Northern Belle past-producing open-pits.
“The results of this core programme will be combined with previous metallurgical studies completed on the heap leach pads and with historic Kinross data to support the upcoming economic study. With no unexpected delays, we anticipate the completion of both the resource estimate and economic study (PEA) by year end.”
The metallurgical core holes will be drilled within and marginal to the historic (in-situ) resource area. Large diameter core (PQ and HQ size – 3.34 and 2.5 inches respectively) will be used to supply appropriate amounts of sample material for metallurgical studies, as well as to provide samples for density measurements that will be incorporated into the resource estimation.
Metallurgical testing will include bottle roll and column testing. The company plans to incorporate results of bottle roll tests in the upcoming PEA and column testing results, which will take longer to complete, into a subsequent Pre-feasibility (PFS) economic study.
For further information please visit: https://www.silverone.com/
