Sun Silver (ASX:SS1) extends high-grade silver zones at Maverick Springs, Nevada

Sun Silver (ASX: SS1) has announced impressive results from its inaugural drilling program at the Maverick Springs Silver-Gold Project in Nevada, USA.

The company’s extensional drilling campaign has confirmed the presence of high-grade silver mineralisation beyond the existing resource, reinforcing the potential of this globally significant project.

The most notable result comes from drill hole MR24-186, which intersected a substantial 41.15 metres at 126.75g/t silver equivalent (AgEq) from 231.65 metres down-hole.

Within this interval, an outstanding 13.42 metres graded at 331.76g/t AgEq, including 307.57g/t silver and 0.285g/t gold from 246.89 metres down-hole.

This hole, located 115 metres northwest of previous drill intercepts, has significantly extended the known high-grade mineralisation in that direction.

Another key result was obtained from drill hole MR24-188, which intersected 54.86 metres at 83.89g/t AgEq from 193.55 metres down-hole.

This includes two notable sections: 10.67 metres at 185.50g/t AgEq (154.73g/t silver and 0.362g/t gold) from 204.22 metres, and 4.57 metres at 257.37g/t AgEq (244.93g/t silver and 0.146g/t gold).

The drilling program has also returned anomalous antimony readings, a critical mineral as defined by the United States Geological Survey.

In drill holes MR24-186 and MR24-188, antimony concentrations reached up to 1,845ppm (0.18%), further highlighting the mineral potential of the Maverick Springs Project.

Gerard O’Donovan, Executive Director of Sun Silver, commented on the results, stating, “We are thrilled by the exceptional results from our first two holes of our inaugural drill program. The impressive intercepts, particularly in MR24-186, not only extend known high-grade mineralisation to the north-west but also highlight the significant upside potential of this already globally significant project. The discovery of anomalous antimony further enhances the prospectivity of the area, aligning with our strategy to unlock the full value of this asset. These results reaffirm our confidence in the future growth and success of Maverick Springs.”

The Maverick Springs Project is located near the prolific Carlin Trend in Nevada, a region renowned for its low-cost mining operations.

The project currently hosts a JORC Inferred Mineral Resource of 125.4 million tonnes grading 43.5g/t silver and 0.34g/t gold, equating to 175.7 million ounces of contained silver and 1.37 million ounces of contained gold (292 million ounces of silver equivalent).

Sun Silver’s drilling program continues to validate and extend the mineralisation model at Maverick Springs, with further drilling planned to explore additional high-grade zones and critical mineral resources.

The company’s strategic focus on this project positions it to leverage the increasing demand for silver and critical minerals, particularly in light of recent geopolitical developments affecting the global supply chain for antimony.

These drilling results mark a significant milestone for Sun Silver, underscoring the potential for further resource growth and economic development at Maverick Springs.

With the project remaining open along strike and at depth, and with multiple mineralised intercepts outside the current resource model, Sun Silver is well-positioned to advance its exploration and development objectives in this highly prospective region.

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