Silver

Nevada Silver Corporation is pleased to provide a further update on assay results from the 2021 diamond drill program at its 100% owned Corcoran Silver-Gold project in Nevada, USA NSC has received analytical results from five additional diamond drill holes of the company's maiden drill campaign. Highlights include: CC21-17 62.29 meters from 87.56 meters @94gt AgEq Including: 1.14 meters @3542gt AgEq CC21-02 3.45 ...

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) is pleased to provide a further update on assay results from the 2021 diamond drill program at its 100% owned Corcoran Silver-Gold project ("Corcoran" or the "Project") in Nevada, USA

NSC has received analytical results from five additional diamond (HQ) drill holes (CC21-17, CC21-02, CC21-03, CC21-13, and CC21-14) of the company's maiden drill campaign. Highlights include:

CC21-17

  • 62.29 meters from 87.56 meters @94g/t AgEq (75g/t Ag, 0.25g/t Au)

Including: 1.14 meters @3542g/t AgEq (3470g/t Ag, 0.96g/t Au)

CC21-02

  • 3.45 meters from 73.00 meters @ 163g/t AgEq (98g/t Ag, 0.87g/t Au)
  • 26.60 meters from 98.27 meters @ 94g/t AgEq (75g/t Ag, 0.28g/t Au)

Including: 2.10 meters @832g/t AgEq (788g/t Ag, 0.59g/t Au)

CC21-03

  • 65.82 meters from 8.18 meters @27g/t AgEq (10g/t Ag, 0.23g/t Au)

CC21-14

  • 42.97 meters from 59.55 meters @56g/t AgEq (30g/t Ag, 0.35g/t Au)

Including: 8.30 meters @152g/t AgEq (96g/t Ag, 0.74g/t Au); and

7.27 meters @76g/t AgEq (65g/t Ag, 0.15g/t Au)

The results are from finalized assay data in NSC's recently completed 3,040-meter drilling program at the outcropping epithermal Corcoran Silver-Gold deposit located 80 miles north of Tonapah in southern Nevada.

Mineralized intervals from holes CC21-01, CC21-04 and CC21-05 were recently reported (10th November 2021 and 15th December 2021) and the results from these together with the new data are summarized in Figure 1 and Table 1. Drill hole location data are provided in Table 2.

The collar of vertical drill hole CC21-02 is located midway between CC21-01 and CC21-05. The hole intersected a high-grade mineralized structural zone between 114.4-116.5 meters (832g/t AgEq) within a wide interval of lower-grade mineralization (26.6 meters of 94g/t AgEq). The CC21-02 intersections confirm the thick mineralized zone reported by a previous explorer in CC57 (Figure 2) and extend the anomalous silver zone in CC21-04 (142.15 meters of 42g/t AgEq) to the southeast where drilling planned in 2022 will test for depth extensions (Figure 2).

CC21-03 is located 80 meters south of CC21-01. This vertical hole intersected a thick interval of lower-grade gold-silver mineralization from near surface almost to the bottom of the hole which was completed to 75.74 meters.

CC21-13 was drilled at 70 degrees towards the southeast and the near-surface lower-grade mineralization in this hole is consistent with northwest dipping mineralization.

Figure 1. Drill hole location map of the Corcoran Ag-Au deposit showing completed NSC drill holes. New assay data for drill holes CC21-02, CC21-03 CC21-13, CC21-14 and CC21-17 are highlighted in red.

Both CC21-14 and CC21-17 were collared on the northern slopes of Sliver Reef Hill and drilled towards the southeast. Both holes intersected wide zones of silver-gold mineralization (61.32 meters of combined intervals of mineralization in CC-21-14 and 74.73 meters in CC21-17). These intercepts are interpreted as the approximate true thickness. They also show that near-surface mineralization extending to the northwest was not recorded by previous explorers (Figure 2) and this target area will be tested by planned drilling in 2022.

A bonanza-grade silver interval of 3470g/t silver and 0.96g/t gold in CC21-17 (between 117.41 meters and 118.55 meters) is the highest-grade silver result received to date for the 2021 drilling program.

The drill core assay results confirm the lateral extent of the deposit for more than 350 meters (SW-NE) and the mineralization trend remains open to the north and south as well as at depth.

Assay results for the remaining nine holes of the 2021 drill program are expected during coming weeks and will be reported after they are received.

NSC's CEO Gary Lewis commented, "All holes cut thick zones of near-surface silver and gold and have confirmed the continuity of mineralization over a trend extending for many hundreds of meters. The exceptional high silver grades in both CC21-02 and CC21-17 indicate widespread high values of silver with appreciable gold, relatively close to the surface. As geochemical results from the remaining holes are returned from the laboratory, we will have a much better idea of the orientation and continuity of structures which appear to host these bonanza grades."

Figure 2. Cross section showing drill traces for drill holes CC21-02, CC21-04 and CC21-17 with anomalous zones of silver. The location of this section is shown on Figure 1.

Figure 3. A portion of uncut wet HQ drill core in strongly fractured breccia between 114.40 - 116.50 meters (788g/t Ag, 0.59g/t Au) in drill hole CC21-02.

Table 1. Significant mineralized intervals in drill holes CC21-02, CC21-03, CC21-13, CC21-14 and CC21-17 (red) as well as previously reported data from CC21-01, CC21-04 and CC21-05

Hole ID

From

To

Interval

Ag

Au

Ag grade x width

AgEq

meters

meters

meters

g/t

g/t

g/m

g/t

CC21-01

0

96.00

96.00

19

0.21

1824

35

including

81.10

91.70

10.60

82

0.4

869

111

86.07

88.70

2.63

187

0.48

492

220

CC21-01

233.70

236.37

2.67

1219

1.82

3255

1336

including

233.70

235.03

1.33

2310

2.6

3072

2466

CC21-01

245.67

251.76

6.09

253

0.38

1541

277

CC21-02

73.00

76.45

3.45

98

0.87

338

163

CC21-02

98.27

124.87

26.6

75

0.28

1995

94

including

114.4

116.5

2.1

788

0.59

1655

832

CC21-02

144.5

150.62

6.12

12

0.29

73

34

CC21-03

8.18

74.00

65.82

10

0.23

658

27

CC21-04

29.85

172

142.15

13

0.38

1848

42

including

29.85

44.5

14.65

4

0.62

59

51

including

89.42

112.08

22.66

16

0.63

363

64

including

132.5

149

16.5

57

0.41

941

87

CC21-05

57

91.5

34.5

86

0.2

2967

100

including

70

71.5

1.5

1120

0.23

1680

1117

CC21-13

9.28

13.4

4.12

7

0.29

29

28

CC21-13

28.7

39.45

10.75

1

0.27

11

21

0

CC21-14

31.94

50.29

18.35

3

0.26

55

23

CC21-14

59.55

102.52

42.97

30

0.35

1289

56

including

76.4

84.7

8.3

96

0.74

797

152

including

113.51

120.78

7.27

65

0.15

473

76

CC21-17

16.2

22.65

6.45

6

0.2

39

21

CC21-17

35.15

41.14

5.99

20

0.23

120

38

CC21-17

87.56

149.85

62.29

75

0.25

4672

94

including

117.41

118.55

1.14

3470

0.96

3956

3542

Intervals are core length. True width of mineralization is unknown until more drill data is available.
Drill location, altitude, azimuth and dip of drill holes are provided in Table 2.
Quality control, Assay laboratory and analytical methods are detailed in the text of this report.
A cut-off grade of 20g/t silver equivalent (AgEq) has been applied to calculate the length-weighted intercepts.
Numbers are rounded.
Silver equivalent values (AgEq) - Metal prices follow the NI 43-101 Resource report on the Corcoran Canyon Project by Mosher and Smith (October, 2020) which used USD1460/ounce gold and USD17/ounce silver as well as a cut-off grade of 20g/t AgEq which has been applied to these results.
Precious metal recoveries off 98.2% Ag and 88.6% Au were determined by laboratory tests by ALS (USA) in December 2018 (reference RE18305962), the most recent metal recovery data available. AgEq has been calculated as follows: AgEq = (gold price/silver price) x (gold assay x 0.886) + (silver assay x 0.982).

Table 2. Drill hole details for CC21-01 to CC21-05, CC21-13, CC21-14 and CC21-17

Drill hole

Drill collar location

Azimuth

Dip

Collar
Elevation

Final
Depth

Start
Date

Finish
Date

WGS84 E

WGS84 N

degrees

degrees

meters

meters

CC21-01

515611

4282554

0

-90

2319

354.16

9/04/21

9/10/21

CC21-02

515745

428649

0

-90

2324

245.66

9/11/21

9/16/21

CC21-03

515614

428475

0

-90

2339

75.74

9/17/21

9/18/21

CC21- 04

515659

4282725

110

-47.5

2295

217.62

9/19/21

9/25/21

CC21-05

515816

4282741

0

-90

2343

166.72

9/26/21

9/30/21

CC21-13

515700

4282520

135

-70

2337

345.00

10/29/21

10/30/21

CC21-14

515579

4282656

125

-70

2290

187.40

10/31/21

11/02/21

CC21-17

515582

4282712

135

-70

2288

214.90

11/11/21

11/13/21

Quality Assurance, Sampling and Assay Determinations

The diamond drilling was undertaken by Falcon Drilling, Inc, Nevada, using industry standard equipment and procedures. All drill core was HQ size. Drilling supervision and drill core logging and sampling was carried out by Ethos Geological, Inc under the direction of Mr Scott Close (President and Chief Geologist, Ethos Geological).

Drill hole orientation, down-hole survey data and collar coordinates were routinely gathered and drill core was logged (geological and geotechnical) and photographed prior to sampling. Drill core samples were collected at variable lengths (averaging 1 meter) and saw-sampled on-site prior to storage in a secure compound.

Collected intervals including quality control samples (duplicates, blanks and international standards) were forwarded by secure freight to ALS Chemex Labs, Inc in Reno, NV. Analytical procedures used four acid ICP-AES (code ME-ICP61) for silver and 32 elements and additional assays for ore-grade samples (Ag-OG62, ME-OG62). High silver grades (over 1500g/t Ag) were determined using fire assay method Ag-GRA21.

Qualified Person

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.

For further Information please contact:

Nevada Silver Corporation

Gary Lewis
Group CEO & Director
T: +1 (416) 941 8900
gl@nevadasilvercorp.com

About Nevada Silver Corporation

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a multi-commodity resource company with two exploration projects in the USA. NSC's principal asset is the Corcoran Silver-Gold Project in Nevada. In addition, NSC has management and ownership rights over the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, with US$24 million invested to date. Both Corcoran and Emily have been the subject of National Instrument 43-101 compliant mineral resource estimates.

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.

Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history and may have a wide variance from actual results, risks concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving exploration (including drilling) programs and the Company's ability to expand and upgrade existing resource estimates, risks involved in any future regulatory processes and actions, risks from making a production decision (if any) without any feasibility study completed on the Company's properties, risks applicable to mining exploration, development and/or operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks.

Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

SOURCE: Nevada Silver Corporation



View source version on accesswire.com:
https://www.accesswire.com/683103/Nevada-Silver-Corporation-Hits-3470gt-Silver-in-Drilling-at-Its-Corcoran-Silver-Gold-Project-Nevada-USA

News Provided by ACCESSWIRE via QuoteMedia

NSC:CA
Nevada Silver

Nevada Silver Corporation Drills 204 Meters of Silver-Gold at the Corcoran Silver-Gold Project, Nevada, USA

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) is pleased to provide a further update on drill core assay results from the 2021 diamond drill program at its 100% owned Corcoran Silver-Gold project ("Corcoran" or the "Project") in Nevada, USA. The results are from finalized assay data in NSC's recently completed 3,040-meter diamond drilling program at the outcropping epithermal Corcoran Silver-Gold deposit located 80 kilometers north of Tonapah

NSC has received final analytical results from two additional diamond (HQ) drill holes (CC21-06 and CC21-07) of the company's maiden drill campaign.

Keep reading... Show less
Nevada Silver

Nevada Silver Corporation Announces Us Listing On OTCQB Marketplace Under Symbol NVDSF

Nevada Silver Corporation ("NSC" or the "Company") (TSXV: NSC) (OTCQB:NVDSF) is pleased to announce that it has obtained approval for trading on the OTCQB, a US trading platform operated by OTC Markets Group in New York. The Company's common stock will officially commence trading today on the OTCQB under the ticker symbol "NVDSF". Investors can find quotes for the Company's common stock on www.otcmarkets.com

Gary Lewis, CEO at Nevada Silver said, "With two US-based exploration projects, expanding our reach into the US institutional and retail investment community was a logical extension of our investor relations strategy. The OTCQB listing will greatly enhance visibility and liquidity in one of the largest investor markets globally."

Keep reading... Show less
Nevada Silver

Corporate and Project Update on the Emily Manganese Project

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC) is pleased to provide an update on its 100% owned subsidiary North State Manganese Inc ("North Star") and the Emily Manganese Project ("Emily"). Emily is in the Cuyuna Iron Range, Crow Wing County, Minnesota and was the subject of a June 2020 NI 43-101 mineral resource estimate by Barr Engineering Company (Table 1)1

Keep reading... Show less
Nevada Silver

Nevada Silver Corporation Drills Wide Intersections Of Mineralization at Its Corcoran Silver-Gold Project, Nevada, USA

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

Nevada Silver Corporation ("NSC" or the "Company") (TSXV: NSC) is pleased to provide an update on assay results from the 2021 diamond drill program at its 100% owned Corcoran Silver-Gold project ("Corcoran" or the "Project") in Nevada, USA

Keep reading... Show less

Nevada Silver Corporation Retains Investor Cubed Inc. For Financial Consulting and IR Services

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC) is pleased to announce that it has engaged Investor Cubed Inc. ("Investor Cubed"), to provide financial consulting and investor relations services in Canada

Keep reading... Show less

Endeavour Silver - Standing on the Bridge to a More Exciting Outlook

Full year production results and 2022 guidance. Compared to 2020, silver, and gold production in 2021 increased 38.6% and 13.8% to 4,870,787 ounces and 42,262 ounces, respectively. Strong full year operational performance was due, in part, to higher throughput and grades at the Guanacevi mine. At year-end, Endeavour held 1,028,340 ounces of silver and 1,044 ounces of gold bullion and 54,270 ounces of silver and 2,630 ounces of gold in concentrate inventory. In 2022, silver production is expected to range from 4.2 million to 4.8 million ounces, while gold production is expected to range from 31,000 to 35,000 ounces. Updating production and earnings estimates. We are updating our 2021 and 2022 EPS estimates to $(0.01) and $0.14 from $0.02 and $0.15, respectively. Our 2021 EBITDA estimates are $37.9 million and $65.9 million compared to our prior estimates of $44.8 million and $67.2 million, respectively. Our 2022 estimates reflect lower production, partially offset by sales from inventory, and a higher share count to reflect equity issuance related to the recently announced Pitarrilla acquisition. Fourth quarter earnings date. EXK will release fourth quarter 2021 financial results before the market open on March 10, 2022, and management will host a conference call for investors on the same day at 1:00 pm ET. We anticipate discussion to center on sources of future growth, including Terronera, Pitarrilla, and Parral. With respect to Terronera, once financing is in place, the board will approve construction which is expected to take 24 months with commercial production expected in the first half of 2024. Rating is Market Perform. We remain impressed with how the company's intermediate and long-term growth pipeline is developing. We think near-term risk and reward is balanced given steady production levels in 2022 and 2023 and a relatively high operating cost profile which could improve when Terronera goes into commercial production. Read More >>

News Provided by Channelchek via QuoteMedia

Keep reading... Show less

Endeavour Silver Provides 2022 Guidance, Including Production of 4.2-4.8 Million oz Silver and 31,000-35,000 oz Gold for 6.7-7.6 Million oz Silver Equivalent¹

Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) is pleased to announce its consolidated production and cost guidance as well as its capital and exploration budgets for 2022. All dollar amounts are in US dollars (US$).

2022 Production and Cost Guidance Highlights

Keep reading... Show less

Endeavour Silver Announces Filing of NI 43-101 Reports on Guanacevi and Bolanitos Projects

Endeavour Silver Corp. ("Endeavour" or the "Company") (TSX: EDR, NYSE: EXK) announces today that it filed two technical reports (the "Technical Reports") prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

The Technical Reports are titled "NI 43-101 Technical Report: Updated Mineral Resource and Reserve Estimates for the Guanaceví Project, Durango State, Mexico" and "NI 43-101 Technical Report: Updated Mineral Resource and Reserve Estimates for the Bolañitos Project, Guanajuato State, Mexico". Both Technical Reports have an effective date of December 31, 2020 and support the disclosure made by the Company in its February 3, 2021 news release announcing the updated 2020 Mineral Reserve and Resource Estimates. There are no material differences in the Technical Reports from the information disclosed in the February 3, 2021 news release and the date of this filing.

Keep reading... Show less
Open Letter to the Shareholders from the CEO of Arizona Silver Exploration Inc.

Open Letter to the Shareholders from the CEO of Arizona Silver Exploration Inc.

(TheNewswire)

Arizona Silver Exploration Inc.

Vancouver, British Columbia TheNewswire - January 19, 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) today released a year-end letter from Mike Stark, CEO, to the Company's shareholders.  The letter follows below and can also be accessed from the Company's website at www.arizonasilverexploration.com

Keep reading... Show less
Denarius Announces Initial Drill Results From the Ongoing Drilling Program at Its Polymetallic Lomero-Poyatos Project in Spain, Including 1.51% Cu, 0.40% Pb, 2.27% Zn, 43.83 g/t Ag and 4.71 g/t Au Over 20.60 Meters

Denarius Announces Initial Drill Results From the Ongoing Drilling Program at Its Polymetallic Lomero-Poyatos Project in Spain, Including 1.51% Cu, 0.40% Pb, 2.27% Zn, 43.83 g/t Ag and 4.71 g/t Au Over 20.60 Meters

Additional assays are expected in the coming weeks and it is expected there should be a steady flow of new assay data as drill holes are completed going forward. Denarius has mobilized a third diamond drill to expedite the ongoing drilling program on the Lomero-Poyatos deposit, which is expected to be operational in mid-February.

Keep reading... Show less
OTC Markets Group Welcomes Silver Dollar Resources Inc. to OTCQX

OTC Markets Group Welcomes Silver Dollar Resources Inc. to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for over 11,000 U.S. and global securities, today announced Silver Dollar Resources Inc. ("Silver Dollar" or the "Company") (CSE: SLV; OTCQX: SLVDF), a mineral exploration company, has qualified to trade on the OTCQX® Best Market. Silver Dollar Resources Inc. upgraded to OTCQX from the OTCQB® Venture Market.

Silver Dollar's common shares will continue to trade on the Canadian Securities Exchange ("CSE") under the symbol "SLV" and begin trading today on OTCQX under the symbol "SLVDF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com .

Keep reading... Show less

Latest Press Releases

Related News

×