The property is located in central west Nevada just off the paved highway 95, which connects Las Vegas with Reno. The past producing minesite is serviced by paved road, power and water. Reclamation of the Candelaria Mine has been ongoing since 1998. The mine dumps were re-contoured and seeded, and the heap leach piles were rinsed with fresh water and seeded. Other infrastructure has been removed, and the substantial reclamation work meets all state and federal guidelines.
The project lies within the Candelaria Mining District, historically the richest silver mining district in Nevada. Estimated production from the late 1880’s to 1954 was 22 million ounces of silver. From 1874 to 1883, the Northern Belle deposit alone exploited high grade lodes averaging 1,700 – 2,000 g/t (50 – 60 oz/t) silver. Open pit mining between 1980 and 1999 resulted in the production of 47 million ounces of silver, with Kinross Gold producing approximately 13 million ounces of that between 1994 and 1999.
Silver One recently completed a mineral resource estimate which is reported in a technical report dated July 29, 2026 and titled “Updated Mineral Resource Estimate: Heap Leach Pads on the Candelaria Property”. This technical report was prepared in accordance with NI 43-101 and is filed on SEDAR+, and a link can also be found on this website under Technical Reports.
In May 2026, Silver One announced the start of a major 25,000 metre RC and core drilling program at Candelaria. The drilling is aimed at potential resource expansion, testing of new silver and potential porphyry copper-silver-gold targets which have been defined from a 2026 airborne ZTEM geophysical survey (see news releases dated May 4, 2026 and October 13, 2026).
