Sun Silver keeps the silver-gold hits coming at Maverick Springs. Pic: Getty Images
Maverick Springs continues to shine for Sun Silver as drilling hits more high-grade mineralisation
Mining
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- Sun Silver drilling hits more high-grade silver-gold at the northwest section of Maverick Springs
- Assay of 110m at 109g/t AgEq is comparable to assay at historical twin hole
- Maiden drilling program is continuing with company flagging a revised resource estimate in the near future
Special Report: Sun Silver’s drilling in the north-west section of its Maverick Springs silver-gold project in Nevada continues to encounter thick, high-grade mineralisation.
The latest assay from the 7500m program returned from hole MR24-197 intersected a thick mineralised zone of 110m grading 109g/t silver equivalent (AgEq), consisting of 82.3g/t silver and 0.307g/t gold from a down-hole depth of 195.07m.
If that wasn’t enough to whet appetites, Sun Silver (ASX:SS1) notes the intersection includes a higher grade zone of 9.12m at 415g/t AgEq (385g/t silver and 0.35g/t gold) from 220.98m and ends in mineralisation, which indicates potential for further depth extensions.
Analysis of the assay intervals also found good correlation with previously reported pXRF readings with only minor variation, suggesting that the tool is well suited to provide real time analysis of drill samples and confirmation of mineralisation at this project.
Maiden drilling on the north-western area beyond the current inferred resource of 195.7Mt at 40.25g/t silver and 0.32g/t gold is continuing.
“Drilling success at Maverick Springs continues with more high-grade intercepts to the north-west of the existing resource which continue to confirm the significant endowment of the property,” executive director Gerard O’Donovan said.
“We look forward to receiving more results, which we anticipate will also make a significant contribution towards a revised mineral resource estimate in the near future.”
Acceptable correlation with historical data
SS1 notes that hole MR24-197 demonstrated acceptable correlation with twin hole MR04-156, which was drilled in 2004 and returned a 92.7m intersection at 48.46g/t AgEq.
This gives the company increased confidence in the historical drilling completed at the project.
Correlation with historical drilling will continue as additional assay data is received.
Maverick Springs is proximal to the prolific Carlin Trend and is 85km from the fully serviced mining town of Elko.
It is surrounded by several world-class gold and silver operations including Barrick’s Carlin Mine.
This article was developed in collaboration with Sun Silver, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
