Silver One Resources Inc. continues to expand its ground holdings at its flagship property, the past-producing Candelaria silver mine in Nevada.
Silver One Resources Inc. (TSXV:SVE) continues to expand its ground holdings at its flagship property, the past-producing Candelaria silver mine in Nevada. The company has staked an additional 416 claims to the east and south of the historic pits and heap leach pads.
As quoted in the press release:
To date, the company controls 12,345 acres (4,996 hectares) of patented and bureau of land management (BLM) ground covering the areas of historic mining, leach pad processing and along potential strike extensions to the mineralized system.
The company is also continuing its metallurgical testing of the leach pads, stockpiles and dumps. The two heap leach pads alone have a previously reported historic inferred resource of approximately 48.15 million ounces of silver.
The recently announced analytical and preliminary metallurgical results from the testing of drill samples collected by Silver One in late 2017 are encouraging and strongly suggest further metallurgical testing is warranted to determine the best methods to potentially recover silver from the leach pads, stockpiles and dumps. An average cyanide-soluble silver content of 56 percent for leach pad material and 64 percent for fresh material in stockpiles, combined with their respective silver grades reported, provide a very promising outlook for the project.
Greg Crowe, president and CEO, commented:
As we continue our evaluations of the Candelaria project, it is becoming increasingly apparent that there is significant potential for the discovery of additional mineralization. Current and future work will concentrate on both possible down-dip extensions to the pit area mineralization towards high-grade drill intercepts reported by SSR Mining Inc. in 2002 and along-strike where historic workings and more recent sampling indicate the extensions of the silver and gold mineralized structures. Further acquisitions along this prolific system of silver mineralization may be warranted based on the results of our ongoing exploration