Maverick Springs’ high-grade zone has been extended. Pic: Getty Images
Sun Silver proves extension of high-grade mineralisation at Maverick Springs with 88m intercept at 79g/t silver equivalent
Mining
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- Laboratory assays prove that thick, high-grade silver mineralisation at Maverick Springs extends to the northwest as expected
- Sun Silver notes the assays are returning stronger silver grade and width compared to pXRF scans
- Drilling is continuing to test the extension of the high-grade zone
Special Report: Sun Silver’s thesis that thick, high-grade mineralisation at its Maverick Springs project extends to the northwest has been validated by drilling returning an 88m intersection grading 79.6g/t silver equivalent.
Adding further interest, the intersection from 211.84m in hole MR24-191 ended in mineralisation and remains open at depth.
For Sun Silver (ASX:SS1), the assay result is a clear sign that its inaugural drilling program at Maverick Springs is doing exactly what it was designed to do – proving that high-grade zones extend to the northwest.
Another standout – and one that will be a positive if it continues to hold true – is that comparisons of laboratory assays and portable XRF scan results found that pXRF returned a noticeable underestimation in both silver grade and width, a lesser underestimation of arsenic and apparently accurate antimony readings.
However, the company noted that analysis and calibration will remain ongoing.
“We’re thrilled to confirm the continuation of high-grade mineralisation as we step out from the recently upgraded mineral resource at the Maverick Springs Project,” executive director Gerard O’Donovan said.
“This has further proven our theory that wide high-grade mineralisation extends to the northwest…”
Maverick Springs
The Maverick Springs project is proximal to the Carlin trend in Nevada and currently hosts a resource of 423Moz silver equivalent that is open in all directions.
Further exploration could extend this as Carlin-type geology is known for its large scale and the likelihood of deposits to occur in clusters, extending over significant area to enable bulk mining operations.
Maverick Springs is also known to host antimony with all historical and currently drilled holes tested to date returning readings of the critical metal used in defence applications, semiconductors and clean-energy storage batteries.
Analysis is ongoing to determine the full extent of antimony mineralisation at the project.
Drilling is continuing as the 7500m program focuses on extending the high-grade zone and assays are pending from the MR24-189A and MR24-192 holes that were found to have intersected high-grade mineralisation according to pXRF scans.
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.
