Sun Silver (ASX: SS1) has mobilised four diamond core drill rigs as it accelerates resource upgrade and growth drilling at the Maverick silver project in Nevada, USA.
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Targeted infill drilling is being undertaken within the existing mineral resource to improve geological confidence and support conversion to JORC indicated classification, while step-out drilling is targeting north-west extensions, focusing on continuity of high-grade hinge-zone mineralisation.
MD, Andrew Dornan, said the program will also feature the collection of additional diamond core for metallurgical test work to support development and processing studies.
“Our 2026 drill program accelerates Maverick on multiple fronts including resource upgrade, growth and development readiness,” he said.
“With four rigs turning, we are advancing toward a JORC indicated mineral resource while expanding the system, alongside delivering key metallurgical inputs.
“In parallel, we are progressing mine and processing permitting and advancing development studies, positioning the Maverick Silver Project as a leading U.S. silver project.”
The program is being executed by experienced Nevada-based contractors, Wayfinder Drilling and Scion Drilling with the four diamond core drill rigs brought in to maximise productivity and efficiently advance multiple priority target areas
Mr Dornan said the drilling is a key item in advancing the Maverick project toward development.
Other activities include ongoing mine planning activities, including pit optimisation studies.
The company is targeting the release of a maiden scoping study in Q4 2026, leading up to the completion of a pre-feasibility study in Q2 2027.
Maverick is surrounded by several world-class gold and silver mining operations including Barrick’s Carlin Mine.
The project, which is proximal to the prolific Carlin Trend, hosts a JORC inferred mineral resource of 237 million tonnes grading 45.5 grams per tonne (g/t) silver and 0.30 g/t gold for 347.2 million ounces of contained silver and 2.25 million ounces of contained gold.
SS1 is up 7.63% to $1.41. Mkt cap $241.0M.
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