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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Both Corcoran and Emily are wholly (100%) owned by NSC. In addition, NSC also owns the Emily Manganese Project in Minnesota which has been the subject of considerable technical studies with US$23 million invested to date. NSC’s principal asset is the Corcoran Silver-Gold Project in Nevada. Nevada Silver Corporation (TSXV:NSC) is a US-based, multi-commodity resource company with two advanced stage exploration projects in the USA. T: +1 (416) 941 Nevada Silver Corporation The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mineralized rhyolite tuff with semi-massive sulfides. ‘Feeder zone’ showing irregular clusters of sulfideįigure 3: Drill core from CC21-04 at 36m. Arrow shows approximate location of CC21-01.įigure 2: Drill core from CC21-01 at 306m. Logging/sample preparation area in the foreground. This drilling is expected to extend the area of known mineralization and will form both the basis for an updated NI 43-101-compliant resource estimate as well as material for metallurgy and mineralogy studies.įigure 1: View of Silver Reef Hill looking southeast showing contoured drill access tracks and The rig is currently completing CC21-04 which is an angled drill hole through the mineralized sequence intersected in CC21-02 (Figure 3).Īs previously announced, NSC intends to complete the Stage 1 program before commencing a 20 HQ hole (total 2,000-3,000 meters) follow-on program that will test for extensions to the Silver Reef mineralization and will also provide considerable in-fill data. “ The program is off to an excellent start with few interruptions and the drill rig is operating efficiently and providing excellent drill core recoveries” said Mr. Beneath a two-meter zone of semi massive sulfides (125-127 meters) large patches of pyritic mineralization extend to 161 meters.ĬC21-03, located close to the top of Silver Reef Hill was completed to 72.75 meters on 19th September and transected strongly fractured limonitic tuffs with underlying disseminated, fine-grained sulfide and veinlet pyrite. CC21-02 intersected crystal tuff breccia with dispersed fine-grained silver sulfides. The second drill hole (CC21-02) is located approximately 200 meters northeast of CC21-01 and was completed on 16th September to 242 meters total depth. “ The field team is excited by the drill core that they have logged and we are looking forward to receiving assay results in the coming weeks”. “ CC21-01 cut wide intervals of encouraging mineralization which continued to depths well below previous drilling” said Gary Lewis, the Company’s CEO. Assay results are expected in late October. CC21-01 drill core has been logged and samples dispatched for analyses. The deeper part of CC21-01 sampled several 10-meter intervals of sulfidic mineralization which may represent conduits for overlying silver-gold (Figure 2). The first hole (CC21-01) is located near the center of the deposit (Figure 1) and was extended below the planned depth of 168 meters to 347.5 meters after intersecting disseminated mineralization within epithermal altered rhyolite tuff.
PART 100 UPDATES UPDATE
Toronto, Ontario, 22nd September 2021: Nevada Silver Corporation (“NSC” or the “Company”) ( TSXV: NSC) is pleased to provide an update on the diamond drilling program on its 100% owned Corcoran Silver-Gold Project (“Corcoran” or the “Project”) located 22 kilometers east of Kinross’s Round Mountain Gold Mine in Nye County, Nevada, USA.ĭrill-testing of the Silver Reef deposit at Corcoran is progressing with the completion of three vertical diamond drill holes of the eight-hole Stage 1 drilling program. NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S.