Maverick Springs Drills 123m at 81.8g/t Silver Equivalent in Latest Campaign
Sun Silver Limited’s 2025 drilling campaign at Maverick Springs confirms thick, high-grade silver-gold mineralisation, reinforcing the project’s scale and continuity amid strong silver market fundamentals.
- Multiple drill holes exceed existing resource grades with thick intercepts
- Notable intercept, 123.94m at 81.8g/t silver equivalent including high-grade zones
- Project hosts 237Mt inferred resource with 347Moz silver and 2.25Moz gold
- Silver price above USD $83/oz and inclusion on US Critical Minerals List
- Ongoing drilling supports mineralisation model and resource expansion potential
Strong Drilling Results Confirm Resource Quality
Sun Silver Limited has delivered compelling results from its 2025 exploration program at the Maverick Springs Silver-Gold Project in Nevada. The latest assays reveal thick mineralised intercepts with grades consistent with, and often exceeding, the existing inferred mineral resource. Highlights include a standout intercept of 123.94 metres grading 81.8 grams per tonne silver equivalent (AgEq), featuring a high-grade core of 33.77 metres at 224.5g/t AgEq. Another significant intercept returned 29.69 metres at 201.9g/t AgEq with individual gold assays reaching up to 4.80g/t Au.
Project Scale and Geological Confidence
The Maverick Springs Project hosts a JORC Inferred Mineral Resource of 237 million tonnes grading 45.5g/t silver and 0.30g/t gold, equating to 347 million ounces of silver and 2.25 million ounces of gold. The deposit remains open along strike and at depth, with recent drilling successfully intercepting mineralisation in line with the existing geological model. This continuity strengthens confidence in the resource’s scale and distribution, underpinning the project’s potential for further expansion.
Favourable Market and Strategic Backdrop
Silver’s market fundamentals are robust, with prices currently trading above USD $83 per ounce, a level not seen in recent years. The metal’s addition to the 2025 US Department of Interior Critical Minerals List further elevates Maverick Springs’ strategic importance, attracting heightened interest from both Australian and US governments. Meanwhile, China’s tightening of silver export controls signals a shift towards securing supply chains, potentially tightening global availability and benefiting projects like Maverick Springs.
Exploration and Development Outlook
Sun Silver’s ongoing drilling program continues to refine the mineralisation model and explore shallow targets for silver, gold, and antimony. The company is also targeting extensional drilling along the deposit’s hinge zones to the northwest and southeast. Metallurgical test work, based on historical and preliminary data, indicates strong recoveries for both silver and gold, supporting the economic viability of the resource. The project’s location in Nevada, a top-ranked mining jurisdiction, and proximity to world-class operations like Barrick’s Carlin Mine, further enhance its development prospects.
Looking Ahead
With thick, high-grade intercepts confirming the resource’s continuity and scale, and strong market and geopolitical tailwinds, Maverick Springs is positioned as a significant silver-gold asset. Sun Silver’s methodical approach to drilling and resource modelling sets the stage for potential resource upgrades and advancing the project towards development.
Bottom Line?
Maverick Springs’ robust drilling results and strategic positioning signal a promising path forward amid tightening silver markets.
Questions in the middle?
- How will upcoming metallurgical results impact resource economics and recovery rates?
- What is the potential scale of resource expansion along strike and at depth beyond current models?
- How might evolving geopolitical factors, including China’s export controls, affect project timelines and market dynamics?
