Join our daily newsletter At The Bell to receive exclusive market insights
Sun Silver Ltd (ASX:SS1) has found silver grading up to 524 grams per tonne over more than a metre through drilling work guided by portable X-ray fluorescence (pXRF) readings at its Maverick Springs play in Nevada.
The pXRF readings have supported Sun Silver in finding new zones of silver, with intersections from one hole including 75 grams per tonne (g/t) of silver (Ag) over a width of 73 metres from 249.94 metres.
Within this, internal grades were recorded at up to 524g/t over 1.52m recorded from 254.51 metres.
In another (extensional) hole, mineralisation included 10.67 metres at 48g/t Ag from
257.56 metres with internal grades of up to 161g/t Ag.
Both holes are located outside the mineral resource estimate for Maverick Springs.
Sun Silver Executive Director, Gerard O’Donovan said the drilling program was producing a suite of strong silver results.
“We continue to drill extensional holes outside of the current Resource, and we continue to intersect significant silver mineralisation,” he said.
“This gives us significant confidence in the work the geological team is doing on the ground, as well as in our ability to grow the Resource beyond its current level of 423Moz at
67.25g/t AgEq.”
SS1 shares moved up on the news, and at 11:54 AEDT, they were trading at 85 cents – a rise of 10.39% since the market opened.
Join the discussion: See what HotCopper users are saying about SS1 and be part of the conversations that move the markets.
-1200x645-380x200.jpg)
