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Sun Silver Ltd (ASX:SS1) has continued to yield strong results from its inaugural drilling program at the Maverick Springs silver-gold project in Nevada, finding mineralisation three times the average width of the existing resource.
On top of that, the mineralisation was recorded at a grade approximately 65% higher.
The discovery – found in hole MR24-199, outside the resource boundary – included an intercept of 102 metres at 111 grams per tonne (g/t) silver equivalent (AgEq) (84.5g/t Ag, 0.311g/t Au) from 222.5 metres down-hole, including 7.62 metres at 508.7g/t AgEq (454.6g/t Ag, 0.637g/t Au) from 251.46 metres.
Thick mineralisation was also picked up in MR24-206, which yielded an intercept of 60.96 metres at 81.9g/t AgEq (65.8g/t Ag, 0.225g/t Au) from 214.88 metres down-hole.
Antimony has also made an appearance in this hole, which recorded grades of up to 1,936ppm Sb.
Executive director Gerard O’Donovan said he anticipated Maverick Springs’ resources to grow, based on what had been discovered.
“Extensional hole MR24-199, which returned a standout intercept of 102m at 111g/t AgEq, highlights the potential for significant growth in the current Mineral Resource,” he said.
“With Maverick Springs already hosting a globally significant silver resource of 423Moz AgEq, these results suggest that it could grow both in size and grade as we extend to the north and north-west.
“Significantly, extensional hole MR24-199 intercepted mineralisation three times the average width of the existing resource and approximately 65% higher in grade.”
Maverick Springs’ current JORC inferred resource sits at 195.7M tonnes (Mt) grading 40.25g/t Ag and 0.32g/t Au for 253.3Moz of contained silver and 2.0Moz of contained gold (423Moz of contained silver equivalent).
SS1 has been trading at 66 cents.
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