Key points
- MV0001 intersected silver-gold mineralisation from surface with grades comparable to major Nevada projects.
- The surface intercept indicates potential for shallow mineralisation outside the current resource.
- Antimony mineralisation also intersects close to surface, potentially offering a by-product opportunity.
Full summary
Sun Silver Limited reports significant diamond drilling results from the Maverick Silver Project in Nevada. MV0001 intersected silver-gold mineralisation from surface, returning 16.8m at 20g/t AgEq, including 1.5m at 75g/t AgEq. This surface intercept suggests mineralisation extends directly to surface, outside the current resource, potentially reducing pre-strip and enabling earlier processing. The grades are comparable to major Nevada projects, indicating the potential for a large-scale open-pit operation. Antimony mineralisation was also intersected close to surface, with average grades comparable to other Nevada projects, suggesting a potential by-product opportunity.
Outlook
The Company plans to continue exploration to assess the potential for shallow mineralisation and its impact on future development.