Sun Silver (ASX:SS1) has identified a target zone within the north-western section of its Maverick Springs Silver-Gold Project in Nevada, US ahead of its upcoming inaugural drilling campaign.
The zone was defined as part of an ongoing review of historical data, drill material, and recent field activities. During these reviews, the team has uncovered silver intervals in multiple historic drillholes including 1.5m @ 6,216g/t Ag from 241m in MR06-167, and 1.5m @ 5,399g/t Ag from 204m in MR06-166.
Sun Silver Executive Director Gerard O’Donovan says defining this high-grade zone and generating inaugural drill targets “validates our diligent analysis of crucial data and drill information at Maverick Springs”.
“Mapping high-grade results near the north-western border of the current resource has boosted confidence in potential for extension of mineralisation beyond defined boundaries and the potential for discovering higher grades,” O’Donovan says.
“We look forward to testing these theories in our upcoming inaugural drill campaign.”
Sun Silver’s cornerstone asset, the Maverick Springs Project, is located 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 (NYSE:GOLD) Carlin Mine.
The project, which is located in the prolific Carlin Trend, hosts a JORC inferred mineral resource of 125.4Mt grading 43.5g/t Ag and 0.34g/t Au for 175.7Moz of contained silver and 1.37Moz of contained gold (292Moz of contained silver equivalent).
The Carlin Trend deposits are known for the formation of consistent uniform orebodies of micron size silver and gold. There is evidence of the orebody widening and increasing in grade on the north-western border, which Sun Silver says is highly encouraging and indicates strong potential that the mineralisation continues at higher grades and greater widths to the north-west of the existing resource.
A total of 200 holes for 60,000m of drilling has been completed at the Maverick Springs Silver-Gold Project to date, covering an area representing only 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.
Write to Adam Orlando at Mining.com.au
Images: Sun Silver
