Sun Silver (ASX:SS1) has returned further ‘high-grade’ assay results up to 305 grams per tonne silver-equivalent from the inaugural drilling program at the Maverick Springs Project in the US.
Drillhole MR24-190 intersected a thick mineralised zone of 71.63m @ 112.7g/t silver-equivalent from 179.83m, including 18.29m @ 305.7g/t silver-equivalent from 214.88m.
Alongside silver and gold, anomalous antimony readings up to 1,197 parts per million were also returned as part of laboratory assays on drillhole MR24-190.
Executive Director Gerard O’Donovan says drilling continues to deliver more “high-grade” intercepts in the north-west of the existing resource.
“We will continue to increase our geological confidence in the deposit while also testing the continuity of this new high-grade zone with further drilling as part of our inaugural drill program,” he says.
“We look forward to receiving more results, which we anticipate will make a significant contribution towards a revised Mineral Resource Estimate later in the year.”
Sun Silver, which has a market capitalisation of $93.73 million, is continuing drilling at Maverick Springs. The program comprises 7,500m of drilling focused on the north-western area of the project beyond the current resource boundary.
The company is aiming to drill an additional 18 holes, as part of the program, subject to ongoing results.
According to the ABC Bullion, the silver spot price is currently $45.45 per ounce.
Sun Silver is a resources company underpinned by the Maverick Springs Project, a “globally significant tier one jurisdiction silver and gold asset.” The Maverick Springs Project lies 85km from the fully serviced mining town of Elko in Nevada, US.
Write to Aaliyah Rogan at Mining.com.au
Images: Sun Silver LinkedIn
