Silver One Resources to add two rigs for 20–25K-metre Candelaria drilling
Silver One Resources expects two more drill rigs at Candelaria in the first week of November, with drilling starting as soon as they arrive.
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what happened
Silver One Resources (ticker SVE) said two additional rigs are expected at its Candelaria project during the first week of November. Drilling will begin once the equipment reaches the site, supporting a planned program of 20,000 to 25,000 metres.
The release, distributed via TMX Newsfile, offers no comparison with earlier periods and reports no new assay results. More drilling capacity could speed up exploration and resource-definition work, but investors have no fresh data yet.
The company also flagged an investor-relations agreement with Sideways that costs $125,000 upfront for one month, with optional renewal at $125,000 for each extra month.
why it matters
This is an operational update rather than a results release, so the market impact is limited for now. The real test will be assays from the expanded fleet, which would show whether resource growth is possible. Until then, the added drilling mainly signals that the company is pushing its exploration timetable forward, while the investor-relations fee is a modest cost to track.
tags
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sources
- Silver One Resources Inc. (SVE) Adds Two Rigs for 20–25K-Metre Candelaria Program — newsfilecorp.com, 3 November 2026 at 05:15 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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