Sun Silver readies for 2025 drilling at Maverick Springs

Sun Silver appoints experienced contractor for 2025 drill program at its Maverick Springs project
Drilling will infill existing silver-gold mineralisation to increase resource confidence
Extensional drilling will also test high-priority step-out targets to the northwest

Special Report: Sun Silver has contracted Alford Drilling for its 2025 drill program to follow-up 2024 maiden drilling at its Maverick Springs project in Nevada which returned intercepts of up to 1249g/t silver equivalent.

A phased infill drill program will seek to systematically upgrade the 423Moz AgEq inferred resource to the higher confidence indicated category.

The current resource excludes data from the 2024 drilling, which returned results of 110m grading 109g/t AgEq and 102.11m at 111g/t AgEq with a separate resource upgrade expected shortly.

Sun Silver (ASX:SS1) also expects to carry out extensional drilling to test high-priority step-out targets to expand the resource base to the northwest.

Additionally, the program will collect composite samples to advance metallurgical studies and optimise recovery pathways.

Results will guide future exploration and project planning, supporting the project’s advancement towards potential development.

The contractor has deployed drill rigs and field crews to Maverick Springs with drilling expected to start in early April 2025.

“This drilling campaign marks another major step forward in unlocking the full potential of Maverick Springs,” managing director Andrew Dornan said.

“By systematically upgrading our resource, expanding high-priority targets and advancing metallurgical studies, we are positioning the project for significant growth.

“With mobilisation activities underway, we are excited to build on the strong results of 2024 and deliver further value for our shareholders.”

Maverick Springs

Maverick Springs is 85km from the fully serviced mining town of Elko in Nevada and is surrounded by several world-class gold and silver mining operations including Barrick’s Carlin Mine.

The deposit, which has a resources of 195.7Mt at 40.25g/t silver and 0.32g/t gold, or 253.3Moz of contained silver and 2Moz contained gold, remains open along strike and at depth with multiple mineralised intercepts sitting outside the current resource model.

SS1 is also relogging and testing historical core and drill chips for antimony after finding the critical mineral in all five of the historical holes it had tested with readings topping out at 13,199ppm.

These holes were up to 1.3km apart, indicating that mineralisation is distributed widely.

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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.