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Sun Silver (ASX:SS1) has reported antimony assay results from its ongoing re-assay program at its Maverick Springs Silver-Gold Project in Nevada, USA.
The latest assays from historical drillhole MR103 returned a broad intercept of 59 metres including antimony grades of 7.8%. A second hole, MR092, recorded 25.9 metres from 236.2 metres depth.
The company noted on Thursday that its Maverick Springs assay results outperform NASDAQ-listed peer Perpetua Resources’ Stibnite Project, which hosts average grades of around 0.06% – 0.07% antimony.
Managing Director Andrew Dornan said the data further underlines the scale and consistency of critical mineralisation at Maverick Springs, which lies near the Carlin Trend, one of the world’s richest gold provinces.
“A 7.8% antimony sample is a standout result and reinforces the growing scale of this critical mineral at Maverick Springs. Importantly, it occurs within a broad antimony zone, underscoring the potential for extensive and consistent mineralisation across the system” Mr, Dornan said.
The company has kicked off re-assaying of historical drill core and pulp samples from more than 30 legacy holes, originally tested only for silver and gold. Analysis reveals extensive antimony associated with the broader silver-gold system, which traverses 2.4 kilometres in length and 1.4 kilometres in width.
The JORC Inferred Mineral Resource at Maverick Springs currently stands at 218 million tonnes grading 42.2g/t silver and 0.31g/t gold, for a contained 296.5 million ounces of silver and 2.2 million ounces of gold, equivalent to 480 million ounces of silver equivalent.
“Unlocking the multi-commodity potential of this asset is a priority. Our re-assay program is a low-cost, high-impact initiative that’s delivering valuable insights into the broader value of the deposit” Mr Dornan highlighted.
The company expects more assay results throughout calendar Q3 and expects to announce a maiden antimony resource.
SS1 has been trading at 84cps in early afternoon trade.
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