Extensional hole MR24-199, which is located outside of the current resource boundary, has returned a stunning result of 102m at 111g/t silver equivalent from 222.5m, including 7.62m at 508g/t silver equivalent from 251.46m.
Hole MR24-206 also returned impressive assays for Sun Silver (ASX:SS1), intersecting a thick zone of mineralisation at 60.96m with a grade of 81.9g/t silver equivalent from 214.88m.
Antimony results also continued to be returned with grades of up to 1936ppm.
Antimony is a high value critical mineral used in numerous applications across the defence, technology and energy space.
It is also used in munitions (military equipment and ammunition), semi-conductors and clean energy storage batteries.
China has recently announced restrictions on the critical mineral’s export and together with Russia and Tajikistan, the three nations account for a total of 90% of global antimony production.
Antimony prices really started soaring after China announced in August last year that it will place restrictions on the exports of antimony products from September, likely in part to retain its leadership in producing inexpensive yet efficient solar panels.
Sun Silver executive director Gerard O’Donovan said the stand-out intercept in hole MR24-199 highlights the potential for significant growth in the current resource.
“With Maverick Springs already hosting a globally significant silver resource of 423Moz, these results suggest that it could grow both in size and grade as we extend to the north and northwest,” he said.
Maverick Springs sits within the prolific Carlin Trend of Nevada, a globally recognised mining jurisdiction which was rated as the Number 1 mining jurisdiction in the world by the Fraser Institute in 2022 and placed second in 2023.
The deposit itself remains open along strike and at depth, with multiple mineralised intercepts located outside of the current resource constrained model.
