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Sun Silver (ASX:SS1) has announced new assay results from its 2025 drilling program at the Maverick Springs Silver-Gold Project in Nevada, which the explorer says reinforces the project’s mineral continuity and scale.
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Two significant new drill intercepts came in, including 110 metres at 92 grams per tonne silver equivalent (65.9 g/t silver and 0.31 g/t gold) from 191.26 metres in hole MR25-214, and 38 metres at 79 g/t silver equivalent (59.8 g/t silver and 0.22 g/t gold) from 190.77 metres in hole MR25-218. Both holes successfully intersected mineralisation consistent with the company’s existing geological model.
Sun Silver said these October results help “continue to confirm” the robustness of the Maverick Springs resource model and enhance the company’s understanding of mineralisation distribution.
The program forms part of a structured drilling and metallurgical work plan aimed at upgrading the current JORC Inferred MRE to the Indicated category.
The company currently has approximately 90 approved drill pad locations at Maverick Springs, allowing for continued extensional and infill drilling. According to Managing Director Andrew Dornan, the ongoing campaign is “confirming the robustness of the existing Resource while collecting key metallurgical and infill data to support its progression toward the Indicated category.”
The drilling program is set to continue through to the winter shutdown in the fourth quarter of 2025, with the exploration team and contractors expected to remobilise in the first quarter of 2026.
Maverick Springs hosts a JORC Inferred Mineral Resource of 218 million tonnes at 42.2 g/t silver and 0.31 g/t gold, containing 296.5 million ounces of silver and 2.2 million ounces of gold. This equates to 480 million ounces of contained silver equivalent, and the deposit remains open along strike and at depth.
SS1 closed at $1.29/sh yesterday before this release.
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