SS1 finds up to 296 g/t silver in pXRF readings at Maverick Springs

Sun Silver discovery hole confirms extension of high-grade zone outside existing resource
The company intercepts up to 296 g/t silver from portable XRF readings
Drilling as part of the company’s inaugural 7,500m campaign is ongoing

Special Report: Inaugural drilling at Maverick Springs has delivered silver mineralisation and confirmed the extension of a targeted high-grade zone outside of the existing resource from pXRF readings.

Sun Silver (ASX:SS1) kicked off an inaugural 7,500m drilling campaign at the Maverick Springs silver-gold project in Nevada, USA in early July, focusing on the north-western boundary of the existing 292Moz inferred resource.

That specific location was chosen based on a high-grade target zone that was defined from wide, high-grade historical intercepts including 303.08 g/t silver over 54.86m from 202.69m and 278.41 g/t silver over 54.86m from 227.07m.

While ~200 holes for 60,000m has been completed to date, much of the project area remains underexplored with that work only covering about 20% of the property.

The deposit itself remains open along strike and at depth, with multiple mineralised intercepts located outside of the current resource constrained model.

pXRF reading of 296 g/t silver

SS1 says it has now intercepted high-grade mineralisation up to 296 g/t silver over 1.5m from portable XRF readings in its first extension hole as part of its inaugural drilling program.

Although indicative of grade and mineralisation, pXRF technology does not represent quantitative laboratory derived assay grades and are used more as a guide to mineralisation due to its limited accuracy.

So far, this hole confirms the company’s theory that mineralisation extends to the northwest as defined by a historical data review and geochemical field works.

What makes the result even more compelling is its location, about 115m outside of historical drill intercepts.

Chip tray with pXRF grades highlighted. Pic: Sun Silver

Along with extensional success, SS1 says it has confirmed the presence of thick mineralisation in the northern section of the current resource through a 56.4m intercept in hole MR24-188.

Recent fieldwork has identified rocky outcrops and pathfinder elements up to 1.2km from the mineralisation boundary in the north-west, supporting the theory that potential resource extensions may be located in this area.

From SS1’s point of view, the results provide geological confidence in historical works for the purposes of resource classification upgrades.

Drilling is ongoing.

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.