Silver One Resources Inc. (TSXV: SVE) (OTCQB: SLVRF) has announced the mobilisation of two additional drill rigs to its flagship Candelaria Project in Nevada, significantly expanding drilling capacity at the silver-focused asset. An RC rig from Major Drilling America and a hybrid RC/core rig from Evolve Exploration Nevada, LLC are both expected on site during the first week of November 2026, with drilling to commence immediately upon arrival. The move accelerates the Company's planned 20,000–25,000-metre drilling campaign and follows encouraging exploration results reported earlier in 2026. Investors may be watching closely for assay results as multiple objectives advance simultaneously.

Key Points

  • Silver One Resources Inc. (TSXV: SVE / OTCQB: SLVRF / FSE: BRK1)
  • Two additional drill rigs — one RC and one hybrid RC/core — mobilised to the Candelaria Project in Nevada
  • Campaign targets 20,000–25,000 metres; Candelaria now covers 11,374 hectares across more than 15 km of strike
  • Investors should watch for assay results and progress updates as the expanded fleet advances resource expansion, exploration targets, and condemnation drilling

Two-Rig Mobilisation Boosts Candelaria Drilling Capacity

Major Drilling America is mobilising a reverse circulation drill rig expected on site during the first week of November, while Evolve Exploration Nevada, LLC is simultaneously mobilising a hybrid rig capable of both RC and core drilling. President and CEO Greg Crowe stated in the release that the mobilisation "substantially enhances our ability to advance multiple objectives simultaneously at Candelaria," adding that the hybrid rig's flexibility allows the team to efficiently follow up on deeper mineralised zones while continuing resource expansion and condemnation drilling. The Company expects drilling to commence immediately upon each rig's arrival at the Nevada site.

Candelaria's Expanded Land Package and Prior Drill Success

The Candelaria Project now encompasses 11,374 hectares (28,106 acres) following a property expansion announced October 13, 2026, which added 3,128 hectares to include geophysical anomalies and copper-silver showings in the western portion. The project covers more than 15 km of strike along the main Lower Candelaria Shear and Pickhandle Gulch Thrust systems. Results reported September 17, 2026 extended mineralisation approximately 400 metres down-dip beyond the existing open-pit resource, providing the technical backdrop for this accelerated drilling phase.

Pre-Feasibility Study Work Advances in Parallel at Candelaria

Silver One disclosed that engineering and technical work associated with a planned Pre-Feasibility Study (PFS) for Candelaria continues alongside the exploration program. The Company noted that while results from the current drilling campaign will not form part of the PFS, they are expected to contribute resource expansion opportunities and technical information for future mine planning and infrastructure optimisation. The 20,000–25,000-metre program is designed to expand known mineral resources through step-out and down-dip drilling, test high-priority exploration targets, and complete condemnation drilling to support future infrastructure planning.

Silver One Enters One-Month Digital Marketing Agreement

The Company also announced a marketing agreement dated October 30, 2026 with Sideways Frequency LLC, covering investor relations services including email campaigns, native advertising, and digital ad placements. The agreement commences November 15, 2026 and runs for one month, with Silver One making an upfront payment of USD $125,000. No securities of the Company form part of the consideration. The Company disclosed that Sideways and its affiliates are arm's length to Silver One and hold no securities in the Company.