Sun Silver aims to start drilling within weeks. Pic: via Getty Images.
Sun Silver awards contract for maiden drilling at Nevada silver-gold project
Mining
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- Drill Contract for Maverick Springs silver-gold project awarded to Alford Drilling
- Inaugural drilling program expected to commence in the coming weeks
- Mineralisation at Maverick Springs remains open in all directions and at depth
- Silver Sun confident in pursuing multiple drill targets for resource expansion
Special Report: Sun Silver has awarded the drill contract to Alford Drilling to kick off its inaugural drilling program at its Maverick Springs silver-gold project in Nevada, USA.
The project, smack bang in the prolific Carlin Trend in Nevada, is surrounded by several world-class gold and silver mining operations like Kinross’ 3.7Moz Bald Mountain gold mine.
A total of ~200 holes for ~60,000 metres of drilling was completed at Maverick Springs by previous owners, covering an area representing only ~20% of the property.
This culminated in a hefty 292Moz silver equivalent resource at 72.4g/t (175.7Moz silver, 1.37Moz gold) in large, continuous body 2.4km long, up to 1.2km wide, and between 30-110m thick. The deposit starts about 130m below surface.
There’s more where this came from, reckons SS1.
The deposit itself remains open along strike and at depth, with Sun Silver (ASX:SS1) looking to explore multiple mineralised intercepts located outside of the current resource constrained model.
Alford has the local knowledge
Alford Drilling has decades of drilling industry experience working in places such as Lima, Peru; Rio de Janeiro, Brazil; Medellin, Colombia; and the US.
The contractor is also based in Elko, just 85kms from the project.
“We are excited to grow our partnership with Steve, Laura and the team at Alford as we aim to further define and grow the already substantial Maverick Springs silver-gold asset,” Sun Silver executive director Gerard O’Donovan said.
Milestone for Maverick Springs
Finalisation of drill hole planning, site preparation and mobilisation activities are well advanced, with drilling operations anticipated to commence within the coming weeks.
“Award of our inaugural drilling contract marks a significant milestone for the company,” O’Donovan said.
“We look forward to mobilising to site in the next few weeks and commencement of drilling.”
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.
