Maverick Springs Rock Chip Sample Hits 86.9 g/t Silver Equivalent

Surface Sampling Highlights Potential

Sun Silver Limited (ASX – SS1) has announced compelling results from recent rock chip sampling at its Maverick Springs Silver-Gold Project in Nevada, USA. The standout sample returned an impressive 86.9 grams per tonne (g/t) silver equivalent (AgEq), confirming the presence of high-grade silver, gold, and antimony mineralisation right at the surface. This discovery is significant as it opens the door for potential early-stage revenue generation from surface material, a valuable commercial advantage.

Context Within a Robust Resource

The Maverick Springs Project already boasts a substantial JORC Inferred Mineral Resource of 218 million tonnes grading 42.2 g/t silver and 0.31 g/t gold, equating to nearly 480 million ounces of silver equivalent. The recent surface sampling results complement this resource by suggesting that mineralisation is not only extensive but also accessible near surface, which could simplify future mining operations and reduce costs.

Strategic Location and Geological Setting

Located approximately 85 kilometres from Elko, Nevada, Maverick Springs sits in one of the world’s most respected mining jurisdictions, ranked number one by the Fraser Institute in 2022. The project lies near the prolific Carlin Trend and is surrounded by major operations such as Barrick’s Carlin Mine. Geological studies indicate the deposit may be a low-sulphidation epithermal or carbonate replacement type, hosted in Permian sediments with mineralisation characterized by pervasive alteration and fracturing.

Next Steps and Exploration Outlook

Sun Silver plans to incorporate these surface mineralisation findings into future resource modelling and has outlined further drilling programs targeting shallow and extensional zones. The deposit remains open both along strike and at depth, suggesting significant upside potential. The company’s Managing Director, Andrew Dornan, emphasized the project’s positioning to attract attention amid growing US government interest in securing domestic mineral supplies.

Balancing Optimism with Caution

While the rock chip samples provide encouraging high-grade results, they are opportunistic and do not yet confirm continuity of mineralisation. Further drilling will be essential to validate these surface findings and to better define the resource’s economic viability. Metallurgical recoveries are assumed based on historic data, and ongoing test work will be critical to confirm processing efficiencies.