Sun Silver Limited Secures Approval for 90 New Drill Pads at Maverick Springs, Accelerating Resource Upgrade and Drilling Expansion in Nevada

Tuesday, July 8, 2025
at
9:24 am
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Sun Silver Limited secures regulatory approval for 90 new drill pads at its flagship Maverick Springs project in Nevada, boosting its in-fill, extensional, and metallurgical drilling program. This strategic move aims to enhance resource growth and upgrade the company’s silver and gold reserves, promising exciting developments for investors.

Sun Silver Limited has secured regulatory approval for 90 additional drill pad locations at its Maverick Springs Silver-Gold Project in Nevada, USA. This development enables the company to extend its ongoing 2025 drilling campaign across key target areas with the goal of advancing in-fill, extensional, and metallurgical exploration. The flexibility provided by these new pads is expected to support an upgrade in confidence levels from the current 480 million ounce silver equivalent JORC Inferred Mineral Resource and facilitate further resource growth along with targeted metallurgical testing. Located approximately 85 kilometers from Elko, Nevada—a hub for mining activity—the Maverick Springs Project is strategically positioned near major operations, including Barrick’s Carlin Mine. The deposit, with an estimated 218 million tonnes grading 42.2 g/t silver and 0.31 g/t gold (equating to 296.5 million ounces of silver and 2.2 million ounces of gold), remains open at depth and along strike. This robust setup underlines both the near-term drilling potential and the long-term prospects of additional mineralization beyond the constrained current resource model. From a market perspective, the news carries a bullish sentiment as the approval of further drilling sites supports uninterrupted exploration and reinforces the company’s commitment to expanding its resource base. Investors may view the initiative as a positive signal for future production growth, while the strategic location in a top-ranked mining jurisdiction adds further optimism. However, a more bearish interpretation could arise from the inherent risks disclosed in the forward-looking statements, including uncertainties in achieving the anticipated upgrade in resource confidence and potential variability in metallurgical recoveries. Overall, the move is designed to propel Sun Silver Limited further along its development pathway, balancing exploration potential with the typical risks associated with early-stage mining projects.

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