The Company holds an option to acquire a 100%-interest in its flagship project, the past-producing Candelaria Silver Mine, Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria is being investigated. Additional opportunities lie in previously identified high-grade silver intercepts down-dip and the possibility of increasing the substantive silver mineralization along-strike from the two past-producing open pits.
SILVER ONE RESOURCES
Candelaria Historic In-Ground Resource
| Classification | Tons | Factored Ag Grade (opt Agtotal) | Sol. Au Grade (opt Ausoluble) | AqEq Grade (opt AgEqtotal) | Ag Ounces (Agtotal) | Aq Equiv. Ounces (AqEqtotal) |
|---|---|---|---|---|---|---|
| M + Ind | 13,623,000 | 3.23 | 0.003 | 3.42 | 44,060,000 | 46,633,000 |
| Inf. | 18,353,000 | 1.49 | 0.002 | 1.52 | 34,676,000 | 36,563,000 |
Candelaria 43-101 Leach Pad Resource
| Classification | Tonnes (000) |
Ag (FA) (ppm) |
Au (FA) (ppm) |
Ag(soluble) (ppm) |
Au (soluble) (ppm) |
Contained Metal* Ag (Moz) | Au (oz) |
|---|---|---|---|---|---|---|
| Indicated | ||||||
| LP1 | 22,184.000 | 42.1 | 0.074 | 15.6 | 0.022 | 30.017 | 52,000 |
| Inferred | ||||||
| LP2 | 11,451.000 | 41.8 | 0.100 | 23.3 | 0.032 | 15.397 | 36,700 |
