Silver gold chart concept ai gen
Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Sun Silver (ASX:SS1) has increased its Maverick Springs resource by 45% to 423Moz of silver and gold with a combined average equivalent grade of 67.2g/t.

Looking purely at silver, the company has a new JORC resource of 253Moz at 40.2g/t. The company pointed to high-grade silver hit in recent drilling on-site which isn’t yet included in the former or updated mineral resource estimate (MRE).

“The updated August 2024 MRE remains open in all directions,” the company wrote on Wednesday.

“The significant increase in size of the Inferred Resource is primarily due to the inclusion of the entire mineralised domain outlined at the Project which is deemed to have reasonable prospects for eventual economic extraction at current and future silver and gold prices,” it added.

Drilling remains ongoing at Maverick Springs sniffing around the northwest portion of the landholding given that’s where drillers, back under former owners, hit grades over 6,000g/t silver, Sun Silver wrote.

The company is firmly confident it now boasts the largest pre-production primary silver asset on the ASX. The company has been busy applying for a US government grant that would award it nearly A$90M to build a silver paste facility in the States.

A silver paste plant would be a huge step forward in the US being able to build its own solar panels. Silver is, fun fact, more conductive than copper.

SS1 last traded at 57cps.

SS1 by the numbers
More From The Market Online
The Market Online Video

ASX Market Open: Wall Street returns to sell-off trend ahead of Fed policy decision | March 19, 2025

The Aussie market is expected to open lower today, echoing falls across the three Wall Street…
Gold silver and copper

Great Western predicts large VHMS system after one hole program at Oval

Great Western Exploration Ltd has drilled one hole into its Oval target in Western Australia, yielding…
The Market Online Video

ASX Market Close: Index pares gains, Gold hits new record | March 18, 2025

The ASX200 pared early gains to close up by a sliver of less than a tenth of a percent at 7860 points.
The Market Online Video

Litchfield Minerals: The long road leading to success – RC drilling set to start

Litchfield Minerals is about to start RC drilling in the NT desert, following chargeability results management…