Sun Silver grabs more land at Maverick Springs

Sun Silver picks up 80 new claims to bump up landholding at Maverick Springs
The total project landholding has increased by 34% to 26.28km2
Acquisition follows recent positive drilling results

Special Report: Sun Silver has made a strategic acquisition, staking an additional 6.7km2 of claims at Maverick Springs North, in a move which has bumped up the company’s landholding in Nevada by 34%.

The company’s Maverick Springs project is surrounded by several world-class gold and silver mining operations – including Barrick’s Carlin mine – and hosts a resource of 195.7Mt grading 40.25g/t silver and 0.32g/t gold for 253.3Moz of contained silver and 2.0Moz of contained gold.

The strategic expansion follows recent drilling success where outstanding results – including 110m grading 109g/t silver equivalent (AgEq) – have prompted the company to expand its landholding along strike from the mineralised zone.

The additional 80 lode claims are located to the north and along strike of the existing resource, which itself remains open along strike and at depth.

Increased development options a bonus

The company says the increased landholding provides further optionality for potential future development infrastructure.

“We are pleased to announce the staking of an additional 80 lode claims at Maverick Springs North, which marks another important step in our growth strategy,” Sun Silver (ASX:SS1) executive director Gerard O’Donovan said.

“This land acquisition is crucial as it not only expands our exploration footprint along strike but also provide additional optionality for any potential future development infrastructure.

“Our recent success with the drill bit has reinforced our belief in the Project’s enormous potential, and this strategic expansion ensures we can fully capitalise on the opportunities ahead.”

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.