Sun Silver Expands Maverick Silver Project with Strategic Acquisition and Northern Land Consolidation

Sun Silver Limited has announced a binding agreement to acquire the Bayan Springs North Project from Bayan Mining and Minerals Ltd, marking a strategic move in the mining sector. While the deal value remains undisclosed, the acquisition, executed on July 23, 2026, is significant as it secures complete ownership of the Bayan Springs North Project, which is located in close proximity to Sun Silver's existing Maverick Silver Project in Nevada, USA. In conjunction with this acquisition, Sun Silver has staked an additional 106 lode mining claims, expanding its landholding by approximately 8.86 square kilometers.

The Bayan Springs North Project acquisition is a pivotal step for Sun Silver as it consolidates control over a highly prospective northwest extension of the Maverick Silver Project. This strategic land acquisition enables the company to maintain uninterrupted ownership across an emerging mineralized trend that has shown potential for significant resource expansion. Currently, only about 2.5 kilometers of the 15-kilometer prospective strike has been drill-tested, indicating substantial exploration opportunities remain.

Sun Silver's strategic rationale for this acquisition is underscored by recent geological advancements and exploration activities that have refined the company's understanding of mineralization controls at the Maverick site. Detailed geological relogging and surface mapping conducted between 2024 and early 2026 have identified high-grade mineralization concentrated within a northwest-trending antiformal hinge. This evolving geological model has been validated by recent drilling results, including a notable intercept of 70.1 meters at 160 grams per tonne silver equivalent, which signifies the potential for further resource growth along the strike.

The additional 106 lode mining claims staked by Sun Silver further enhance its land position and provide access to a new exploration corridor characterized by a 2-kilometer arsenic-antimony anomaly. This geochemical signature is consistent with Carlin-style mineralizing systems, which are known for their characteristic pathfinder element zoning. The identification of this anomaly, located approximately 4.5 kilometers north of the current mineral resource area, presents a high-priority exploration target and could indicate a continuation of the mineralizing system associated with the Maverick Silver Deposit.

As the mining sector continues to evolve, this acquisition reflects a broader trend of consolidation among companies seeking to strengthen their resource positions in competitive markets. With the ongoing 2026 drill program and anticipated assay results, Sun Silver is well-positioned to capitalize on the potential of the Maverick Silver Project and its newly acquired assets. The successful execution of this deal may enhance investor confidence and stimulate further exploration and development activities in the region, contributing to the overall growth of the silver mining sector.