Project UpdateJul 23, 2026, 08:07 AM
Sunshine Silver reports drill results exceeding 1,000 gpt silver
AI Summary
Sunshine Silver Mining & Refining Co announced new drill results from its ongoing 50,000-metre drilling program at the Sunshine Mine in Idaho. The results include multiple intercepts exceeding 1,000 grams per tonne (gpt) silver, notably from the newly discovered "10 Vein" which yielded up to 32,331 gpt silver. These high-grade findings reinforce the mine's potential and support the planned 2027 Feasibility Study and the company's objective to return to production in late 2028, aiming to double overall production volume.
Key Highlights
- Drill results include multiple intercepts exceeding 1,000 gpt silver.
- New "10 Vein" discovery yielded 32,331 gpt silver, 16.5% copper, 12.8% lead.
- Drilling program is 60% complete, on track for October 2026 completion.
- Results support 2027 Feasibility Study and planned late 2028 production return.
- Company aims to double production volume from 1,000 to 2,000 tonnes per day.
- Sunshine Mine has Indicated Mineral Resource of 103.9M oz silver at 1,022 gpt.
- Expected to produce 6.7M oz silver annually in first five years of production.
Price Impact
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