Silver rocks chart background
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 reported early-stage analysis of the company’s latest drill hits suggest grades up to 296g/t silver.

Were that gold you’d be beyond ‘bonanza’ territory – but with evidence based only on an pXRF reading so far; investors will need to wait for full-fledged assays.

Average readings were lower at 119g/t across a 10.67m core section from nearly 250m depth.

Mineralisation detected by portable scanner occurs downhole 115m “outside of historical drill intercepts” which the company reported on Friday confirms a high-grade northwestern system. Further drilling may be needed to clarify this.

With a regards to assays; the company has sent off materials to US player American Assay Labs in Reno.

Management was brief in its summation of the latest data on Friday.

“Intersecting extensional mineralization with high grade pXRF readings in the first hole confirms our theory that a significant thick zone of mineralization exists and extends in the northwest,” SS1 ED Gerard O’Donovan said.

“The exploration team is excited to be drilling the next target.”

SS1 last traded at 46.5cps.

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

ASX Market Close: Index tracks lower in choppy session | March 19, 2025

The ASX200 closed down 0.4% at 7,828 points.
Laptop on board room table

Independent review highlights White as ‘misleading’ Wise Tech board

Wise Tech Global Ltd has released a partial review of its board examining allegations about co-founder…
A treasure chest full of gold

Trigg boosts gold-antimony footprint with tenement package acquisition in NSW

Trigg Minerals Ltd has picked up a tenement package which includes multiple historic gold mines and…