08:55 AM EST, 02/24/2025 (MT Newswires) -- Silver One Resources ( SLVRF ) reported overnight Sunday the analytical results for samples collected in the 2024 diamond drill program completed in the 417 area on its Phoenix silver property in Arizona.

The program consisted of 30 core holes from 6 drill pads totaling 1,955 meters. The best intercept returned 3,800 grams per tonne silver with 0.97% copper over 0.35 meters, the company said.

"The 2024 drill program did not encounter very high-grade intercepts similar to the large angular vein fragments in the 417 area, as these lens-like concentrations of high-grade material may be present between drill intercepts or down-dip of the area tested," President and Chief Executive Greg Crowe said.

Silver One also outlined several other silver and copper exploration targets through geological mapping, and will look at conducting a close spaced gravity survey over the 417 area to help define the locations of potential concentrations of silver.

"The Phoenix silver property remains highly prospective for both silver vein and porphyry style mineralization. More detailed geophysical and mapping/sampling programs are being considered in preparation for future drilling," Crowe said.

Silver One's share price dropped 2% on Friday to $0.24 on the TSXV.