Maverick Gold and Silver Confirms Exploration Potential for On-Trend Targets at Jericho Property, Nevada
Rhea-AI Summary
Maverick Gold and Silver (OTC Pink: VRCFF) reported chip channel and grab sample results from the northern portion of its Jericho Property in Lincoln County, Nevada, covering the Fluorite Flat, Upper Flats and NE Extension Zones on the West Trend.
At Fluorite Flat, 14 samples returned gold from trace to 2.16 g/t, with five above 0.5 g/t and a 1.40 m chip channel averaging 1.37 g/t Au. A 1.50 m chip channel at Upper Flats graded 2.56 g/t Au. NE Extension samples contained trace gold and silver with anomalous mercury and arsenic pathfinders. According to Maverick, these results, combined with epithermal-style alteration and the on‑trend position with the Helen and Tempa Zones, support the interpretation that the northern area overlies extensions of the mineralizing system and merits high‑priority follow‑up exploration.
Positive
- Fluorite Flat chip channel 1.40 m averaging 1.37 g/t Au
- Upper Flats chip channel 1.50 m grading 2.56 g/t Au
- Multiple >0.5 g/t Au samples five of fourteen at Fluorite Flat
- On-trend targets aligned with Helen and Tempa Zones traced ~2 km
- Pathfinder anomalies mercury and arsenic at NE Extension Zone
Negative
- True widths unknown for reported chip-channel intervals
- Limited sampling only one sample collected at Upper Flats Zone
- NE Extension samples contain only trace gold and silver values
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 1, 2026) - Maverick Gold and Silver Corp., (CSE: MAV) (FSE: VR61) (OTC Pink: VRCFF) ("Maverick" or the "Company") announces results from chip channel and grab samples from the northern portion of the Jericho Property ("Jericho" or the "Property") in Lincoln County, Nevada.
Eighteen (18) samples were taken covering the Fluorite Flat, Upper Flats and NE Extension Zones. These zones represent the northeastern 2-kilometre portion of the West Trend.
The sampling returned greater than 1 g/t gold in two targets that are 500 metres apart (see below for details). These results, in context of the geology and mineralization identified in the southern portion of the Property, validate the Company's geological interpretations that the northern portion of the Property may overlie an extension of the mineralizing system and, therefore elevates the entire northern portion of the property to a high-priority exploration target that warrants further investigation.
These exploration targets are on trend with the Helen and Tempa Zones where the Company has sampled up to 644.0 g/t (or 18.87 oz/T) silver and up to 7.21 g/t (or 0.21 oz/T) gold (see News Release dated August 25, 2026).
The Jericho Property is located approximately 40 km northeast of Pioche and is within the Eastern Calderas mineralized district. The Property is host to epithermal gold and silver mineralization made up of quartz veins, breccias, and stockwork zones that occur within two sub-parallel northeast striking structural corridors: the West Trend, which has been traced for in excess of 4 kilometres and the East Trend, which has been traced for 2 kilometres.
Fluorite Flat Zone:
The Fluorite Flat Zone is 550 metres from the Tempa Zone and is directly on trend with the Tempa and Helen Zones that, when combined, have been traced for approximately two (2) kilometres in strike length and over 250 metres vertically.
The Fluorite Flat Zone is defined by a gossanous area that measures several hundred metres in diameter. There are few outcrops and sampling was concentrated in an area where there had been some historic disturbance that had removed a thin layer of overburden. Fourteen (14) samples were taken with gold grades ranging from trace to 2.16 grams per tonne (g/t) gold (Au). Five (5) samples returned greater than 0.5 g/t gold.
XRD and thin section studies indicate that the underlying rocks at Fluorite Flat are variably to strongly clay altered (illite +/- smectite) and silica-flooded volcanics. The area is host to a widely spaced stockwork of irregular quartz veinlets and stringers with local veins exceeding several centimetres in width. Throughout the zone are patchy areas with moderate to heavy iron and manganese oxide staining. The core of the Zone is centred on a shallow excavation that exposed an area with a significantly higher concentration of silica and local vuggy quartz veins.
Table 1: Highlights of Fluorite Flat Zone Samples
| Zone | Sample No. | Easting | Northing | Sample Type | width (m)* | Average Au (g/t) |
| Fluorite Flat | 568-570 | 757394.70 | 4205338.00 | Chip Channel | 1.40 | 1.37 |
| Fluorite Flat | 571 | 757395.00 | 4205338.00 | Grab (float) | 0.97 | |
| Fluorite Flat | 572 | 757395.00 | 4205338.00 | Grab (float) | 0.56 | |
| (* widths reported are sample widths as the true widths are unknown at this time) | ||||||
Upper Flats Zone:
The Upper Flats Zone is approximately 500 metres to the north-northwest of the Fluorite Flat Zone and is located in an area of the property with very little outcrop. The single sample taken at Upper Flats was from a shallow pit that exposed silica-flooded volcanic rocks that host irregular massive white to vuggy quartz veins and veinlets. This sample returned 2.56 g/t Au over a width of 1.5 metres.
Table 2: Upper Flats Zone Sample
| Zone | Sample No. | Easting | Northing | Sample Type | width (m)* | Average Au (g/t) |
| Upper Flats | 582 | 757569.00 | 4205851.00 | Chip Channel | 1.50 | 2.56 |
| (* widths reported are sample widths as the true widths are unknown at this time) | ||||||
NE Extension Zone:
The NE Extension Zone is located approximately 900 metres northwest of and 160 metres vertically above the Fluorite Flat Zone. The NE Extension Zone is on trend with the Helen, Tempa and Fluorite Flat Zones and marks the current northeastern extent of the West Trend.
The zone is centred around a two-metre-deep trench and what may have been an exploration adit that has collapsed. The mineralization is made up of wispy narrow quartz veinlets within locally silicified bleached volcanic rocks with iron and manganese oxides. Three (3) samples were taken from an area measuring 25 by 45 metres. The samples contained trace amounts of gold and silver and were weakly anomalous in mercury and arsenic, which are important pathfinder elements that are known to occur proximal to, or above, epithermal systems.
Figure 1: Map of the northern portion of the Jericho Property showing the Fluorite Flat, Upper Flats and NE Extension Zones; mapped geology, alteration, structures, historic mine workings, quartz veins and stockwork; and the locations and assay results of chip-channel and grab samples. Assay intervals are reported in metres, with gold and silver values reported in grams per tonne.
To view an enhanced version of this graphic, please visit:
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Interpretation:
The bleached volcanic rocks hosting the Fluorite Flat and Upper Flats Zones contain illite +/- smectite, a clay alteration that is recognized to occur at high levels of an epithermal mineralizing system. Combined with the elevated gold values, these zones are interpreted to represent active fluid pathways that may occur above more significant mineralization at depth.
"The fact that these targets are on trend with the Tempa and Helen Zones, which together have been traced for approximately two kilometres along strike with more than 250 metres of vertical exposure, increases the importance of the Fluorite Flat and Upper Flats Zones as exploration targets," stated Ian Foreman, P.Geo., V.P. Exploration of Maverick Gold and Silver.
The potential for the Fluorite Flat, Upper Flats and NE Extension Zones to represent the superficial expressions of a continuation of the mineralized veins sampled at Helen and Tempa warrants detailed follow up exploration.
Analytical Methods, Laboratory and QA/QC Information:
All samples were delivered by Company personnel to ALS in Reno, Nevada, an ISO/IEC 17025:2017 accredited laboratory that is independent of the Company.
Gold analyses were completed using fire assay with atomic absorption finish (method Au-AA23) on a 30-gram aliquot. Samples returning over-limit gold values were reanalyzed using fire assay with gravimetric finish. Silver and multi-element analyses were completed using four-acid digestion with ICP-AES finish (method ME-ICP61).
ALS inserted certified standards, blanks, and duplicates in accordance with its accredited internal quality control procedures. The laboratory has no relationship with the Company.
As part of the Company's quality assurance and quality control program, commercially prepared and certified reference standards as well as proprietary blank samples were inserted at regular intervals into the sample series, comprising approximately
Qualified Person
Kenneth Tullar, C.P.Geo., a consultant to the Company and an independent Qualified Person, as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed and approved the scientific and technical information contained in this news release.
About Maverick Gold and Silver Corp.
Maverick Gold and Silver Corp. (CSE: MAV) (FSE: VR61) (OTC Pink: VRCFF) is an exploration-stage company advancing a portfolio of high-potential gold, silver, and copper properties. The Company is focused on Nevada and British Columbia, mining-friendly jurisdictions that have established infrastructure, predictable permitting, and supportive regulatory frameworks.
Additional information about Maverick Gold and Silver is available on the Company's website at www.maverickgoldsilver.com.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
On Behalf of the Board of Maverick Gold and Silver Corp.
"Glen R. Watson"
Glen R. Watson
President & CEO
For further information, please contact:
Glen Watson, President & CEO
Phone: +1 (604) 803-5229
E-mail: glen@maverickgoldsilver.com
Cautionary Note Regarding Forward-Looking Information
This news release may contain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian securities laws. Forward-looking information in this news release may include, but is not limited to, the Company's exploration and development plans, future exploration programs, business objectives, strategic plans, and expectations regarding the Company's operations, financial condition, and growth opportunities.
Forward-looking information is provided to inform the Company's shareholders and potential investors about the Company's current expectations and plans relating to the future and may not be appropriate for other purposes. Forward-looking information is often identified by words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "potential", "may", "will", "would", "could", "should", and similar expressions, although not all forward-looking information contains these identifying words.
Forward-looking information is based on a number of assumptions that the Company believes to be reasonable at the time such statements are made, including, but not limited to, assumptions regarding the Company's ability to successfully execute its exploration and development plans, and operate in a stable regulatory, economic, and business-friendly environment. These assumptions, while considered reasonable, may prove to be incorrect.
Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, without limitation risks inherent in mineral exploration and development, operational and technical risks, fluctuations in commodity prices, availability of financing, general economic, market, and business conditions, regulatory and environmental risks, and other risks disclosed in the Company's public filings.
Although the Company believes that the forward-looking information that may be contained in this news release is reasonable based on information currently available, readers are cautioned not to place undue reliance on such information, as there can be no assurance that such expectations will prove to be correct. Forward-looking information that may be contained in this news release is only relevant as of the date of this release. Except as required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise.
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