Big Hits: Sun Silver, Manhattan Gold Corporation and QMines Ltd

Bulls N’ Bears Big Hits looks at notable drill hits recently reported to the ASX last week, led by Sun Silver, Manhattan Gold Corporation and QMines Ltd. So let’s dive in.

Hit: 98.3 metres grading 120.3 grams per tonne silver equivalent from 173 metres

Sun Silver took out last week’s top spot after delivering a monster silver-equivalent intercept from its Maverick Springs project in Nevada, with drilling extending mineralisation beyond the boundaries of the current resource estimate and further strengthening the project’s growth credentials.

The headline result of 98.3m at 120.3g/t silver equivalent from 173m depth included a substantial higher-grade core running 47.6m at 200.6g/t silver equivalent. The main result combined 65.7g/t silver and 0.67g/t gold across the broader interval, with the higher-grade zone carrying 119.6g/t silver and 1.05g/t gold from 176.8m.

The width and grade combination immediately placed the hole among the most notable precious metal intercepts reported to the ASX during the week.

Importantly, the hole was drilled beyond the limits of the current mineral resource estimate, meaning the intercept is not merely confirming known mineralisation; it could also open the door to future resource growth. That distinction is particularly important in mature projects where investors are increasingly looking for additional ounces rather than simple resource conversion.

Wide intercepts are invariably more attractive than narrow high-grade hits because they can deliver more tonnes per vertical metre, provide greater mining flexibility and potentially lower operating costs. In this case, Sun Silver has delivered both width and grade, a combination that is not always easy to find.

The higher-grade core within the broader mineralised envelope is also encouraging, as it may support improved project economics in future development studies. Investors and mining engineers alike tend to focus on these richer zones because they often form the basis of early mine schedules and stronger cash flows.

Nevada remains one of the world’s premier mining jurisdictions and hosts numerous large silver and gold operations. Maverick Springs already features the scale necessary to attract market attention, but results like this suggest the project still has considerable room for expansion.

The company’s latest drilling suggests mineralisation remains open within the current target area and demonstrates the consistency of the Maverick Springs system.