Sun Silver Uncovers 54m High-Grade Silver-Gold Zone Extending Maverick Springs
Sun Silver Limited has confirmed a significant northern extension of mineralisation at its Maverick Springs Project, with drill-hole MR25-212 intercepting 54.1m at 137g/t silver equivalent, including a standout 6.25m at 506g/t AgEq. This reinforces the project's potential for resource growth in one of Nevada's premier silver-gold deposits.
- Drill-hole MR25-212 intercepts 54.1m at 137g/t silver equivalent
- High-grade interval of 6.25m at 506g/t AgEq within broader mineralisation
- Extension of mineralisation confirmed 100m north of known resource
- Maverick Springs hosts 218Mt inferred resource grading 42.2g/t Ag and 0.31g/t Au
- Ongoing drilling and metallurgical work to support resource growth potential
Significant Northern Extension at Maverick Springs
Sun Silver Limited (ASX – SS1) has announced a compelling new development at its flagship Maverick Springs Silver-Gold Project in Nevada, USA. Drill-hole MR25-212 has successfully intercepted a substantial mineralised zone extending 100 metres north of the previously defined resource boundary. The highlight intercept of 54.1 metres grading 137 grams per tonne silver equivalent (AgEq), including a high-grade 6.25 metre section at 506g/t AgEq, underscores the deposit's robust and consistent mineralisation.
Quality and Scale Reinforced
The assay results from MR25-212 not only confirm the continuity of mineralisation but also highlight the broad, high-grade nature of the deposit on the north-western margin of the resource. This finding is particularly encouraging given the deposit's status as one of the largest undeveloped primary silver projects in the United States. The mineralisation was encountered at a shallower depth than anticipated, with geological logging revealing a fractured and silicified breccia hosting quartz veining and acanthite silver mineralisation.
Robust Resource Base and Strategic Location
Maverick Springs boasts a JORC Inferred Mineral Resource of 218 million tonnes grading 42.2g/t silver and 0.31g/t gold, equating to approximately 296.5 million ounces of silver and 2.2 million ounces of gold. The project’s proximity to the prolific Carlin Trend and established mining operations such as Barrick’s Carlin Mine enhances its strategic value. Nevada’s reputation as the world’s top mining jurisdiction further supports the project's long-term potential.
Ongoing Exploration and Metallurgical Work
The drilling program employs a combination of Reverse Circulation (RC) and diamond core methods, ensuring high-quality sampling and assay data. Sun Silver is continuing its exploration efforts with plans for further extensional and infill drilling to delineate the resource more precisely. Metallurgical testing is underway to validate recovery rates, which preliminary data suggest could be high for both silver and gold.
Outlook and Market Implications
Managing Director Andrew Dornan emphasised the significance of the results, noting that the new intercepts demonstrate the deposit’s quality and reinforce the potential for meaningful resource growth. As Sun Silver advances its exploration and development plans, the market will be watching closely for updates on resource upgrades and feasibility studies that could unlock value in this sizeable silver-gold asset.
Bottom Line?
Sun Silver’s latest drilling success at Maverick Springs sets the stage for potential resource expansion and increased investor interest in this major silver-gold project.
Questions in the middle?
- How will upcoming drilling results further define the northern extension of the resource?
- What impact will metallurgical test results have on projected recoveries and project economics?
- When can investors expect an updated resource estimate incorporating these new intercepts?
