NSX Silver reports more high grade silver drill intercepts at Dios Padre Project
10 7월 2012 - 11:20PM
PR Newswire (Canada)
BEDFORD, NS, July 10, 2012 /CNW/ - NSX Silver Inc. is pleased
to announce additional results from its recently completed Phase 1
drilling program at the Dios Padre Silver Project located in Sonora
State, Mexico. These results are from holes DP-13-2012 through
DP-16-2012 which were drilled in and beneath the area of historic
mining. These drill holes were sited over a 120 meter by 70 meter
area that constitutes only part of the surface foot print of the
historic workings. Of particular importance is the fact that all
four of these drill holes encountered significant zones of
mineralization at or near surface. This supports the objective
of defining a large lower grade resource that could potentially
support a low cost open pit or bulk mining operation. Significant
drill intercepts encountered in these holes included the following;
-- 15 meters in DP-14-2012 grading 92.1 grams per tonne silver per
tonne which included an intercept 3.6 meters of 100 grams per tonne
silver and 0.604 grams per tonne gold -- 66 meters in DP-16-2012
grading 73.5 grams per tonne silver and 0.1 grams per tonne gold;
including 16.5 meters 149.5 grams per tonne silver and 0.13 grams
per tonne gold The following table includes the significant drill
intercepts from these four holes.
________________________________________________________ | Dios
Padre Silver Project | | Significant Drill Intercepts- Phase 1
Drill Program | | Hole DP-13-2012 to DP-16-2012 |
|________________________________________________________| |Hole
Number | From | To |Intercept*| Au | Ag |
|_______________|______|______|__________|_______|_______| |
|Meters|Meters| Meters |g/tonne|g/tonne|
|_______________|______|______|__________|_______|_______| |DP - 13
-2012 | 16.0| 80.5| 64.5| 0.229| 26.2|
|_______________|______|______|__________|_______|_______| |
Including| 30.5| 47.5| 17.0| 0.480| 5.0|
|_______________|______|______|__________|_______|_______| | and|
47.5| 56.5| 9.0| 0.250| 29.5|
|_______________|______|______|__________|_______|_______| | and|
59.5| 64.0| 4.5| 0.245| 68.8|
|_______________|______|______|__________|_______|_______| |DP - 14
- 2012 | 0.9| 7.5| 6.6| -| 171.2|
|_______________|______|______|__________|_______|_______| |
including| 0.9| 4.5| 3.6| -| 265.6|
|_______________|______|______|__________|_______|_______| |gold
intercepts| 13.5| 18.0| 4.5| 0.493| 5.4|
|_______________|______|______|__________|_______|_______| |gold
intercepts| 22.5| 25.5| 3.0| 0.245| 5.6|
|_______________|______|______|__________|_______|_______| | |
61.5| 66.0| 4.5| -| 145.2|
|_______________|______|______|__________|_______|_______| | |
75.0| 90.0| 15.0| -| 92.1|
|_______________|______|______|__________|_______|_______| |
including| 79.5| 82.5| 3.0| 0.604| 100.0|
|_______________|______|______|__________|_______|_______| | |
90.0| 105.0| 15.0| 0.201| 43.2|
|_______________|______|______|__________|_______|_______|
______________________________________________________ | Dios Padre
Silver Project | | Significant Drill Intercepts - Phase 1 Drill
Program | | Hole DP-13-2012 to DP-16-2012 |
|______________________________________________________| |Hole
Number |From |To |Intercept*|Au |Ag |
|_____________|______|______|__________|_______|_______| |
|Meters|Meters|Meters |g/tonne|g/tonne|
|_____________|______|______|__________|_______|_______| |DP - 15
-2012| 1.5| 7.5| 6.0| -| 74.3|
|_____________|______|______|__________|_______|_______| | gold
zone| 12.0| 43.5| 31.5| 0.343| 6.5| | with minor| | | | | | |
silver| | | | | |
|_____________|______|______|__________|_______|_______| |
Including| 18.0| 25.5| 7.5| 0.455| -|
|_____________|______|______|__________|_______|_______| | and|
27.0| 31.5| 4.5| 0.776| -|
|_____________|______|______|__________|_______|_______| |DP - 16
-2012| 4.5| 19.5| 15.0| -| 63.4|
|_____________|______|______|__________|_______|_______| | | 27.0|
33.0| 6.0| 0.103| 54.9|
|_____________|______|______|__________|_______|_______| | | 40.5|
57.0| 16.5| 0.134| 149.5|
|_____________|______|______|__________|_______|_______| |
including| 51.0| 52.5| 1.5| 0.142| 666.0|
|_____________|______|______|__________|_______|_______| | and|
40.5| 43.5| 3.0| 0.167| 220.0|
|_____________|______|______|__________|_______|_______| | | 66.0|
69.0| 3.0| 0.358| 100.7|
|_____________|______|______|__________|_______|_______| * True
widths will vary with the drill hole angle and area within the
deposit but are generally 50 to 70% of the reported interval
Significant results from the first twelve drill holes were
previously issued (see NSX Silver press release dated June 14,
2012). Drilling encountered multiple shallow and long intercepts of
separate and distinct zones of silver and gold mineralization in
all these holes. Hole DP-15-2012 was predominantly in one of
these gold zones returning an intercept of 37.5 meters grading
0.327 grams per tonne gold and 7.5 grams per tonne
silver. Gold mineralization is not necessarily correlative
with the silver mineralization but appears to occur in separate
zones often accompanied by low silver values. These gold zones
were also indicated by historic drilling and warrant further study.
In addition anomalous silver values of more than 5 grams per tonne
were encountered over large intervals in hole DP-13-2012 (20
meters), DP-14-2012 (39 meters) and DP-15-2012 (29
meters). These anomalous zones could be indicators of nearby
higher grade mineralization. In field observations it was
noted that bonanza grade pockets of mineralization occur in the
host breccia in fractures and voids, and lower grade mineralization
occur in the more massive adjacent rhyolite. Hole DP-16-2012 is a
twin of hole FMR-11 drilled by First Majestic in 2006. The
results from DP-16-2012 correlate well with the results shown in
First Majestic's drilling. Of particular note, both FMR-11 and
DP-16-2012 intercepted significant silver mineralization near
surface. DP-16-2012 returned 66 meter length averaging 73.5
grams per tonne silver and 0.1 grams per tonne gold. NSX Silver has
quartered and submitted for re-assaying selected core sections from
the earlier drilling by First Majestic (2006) and Silver Standard
(1996). Assays are pending. All data generated by this program
together with relevant historic data gathered during the past
exploration programs are being analyzed and evaluated with a view
to preparing comprehensive geological model that will assist in
planning the Phase 2 exploration program which will include
additional drilling. This program is expected to commence in the
fourth quarter of 2012. Geochemical Sampling Survey NSX Silver has
initiated a geochemical sampling survey over a large portion of the
6,000 hectares of ground that it holds under
claim. Approximately 800 hectares of the Company's Oso Blanco
2 claim have been covered to date and samples have been submitted
to ALS Chemex for analysis. Sample Protocol and QA/QC Drill core
from all the drill holes is sawn in half, logged, sampled,
catalogued and stored for future reference. One-half of the
core is sent to ALS Chemex in Hermosillo for assay preparation,
with ICP 61 analysis of the prepared samples conducted by ALS
Chemex in Vancouver, Canada. Samples collected from the
reconnaissance survey are sent to the ALS Chemex lab in Hermosillo
in sealed bags for assay preparation, with ICP 61 analysis of the
prepared samples conducted by ALS Chemex in Vancouver, Canada. In
accordance with industry protocol random blanks and control samples
are inserted in the samples. Qualified Person John E. Hiner,
Licensed Geologist and Registered Member of SME, a qualified person
as defined by National Instrument 43-101, recently visited the
property and has reviewed and approved the information provided in
this news release. About NSX Silver NSX Silver Inc. is a mineral
exploration company actively exploring for silver and associated
metals in Mexico. NSX Silver's principal property is the Dios
Padre Project located in Sonora State, Mexico which is held under
option. Additionally the Company holds approximately 6,000
additional hectares of prospective ground in the vicinity of the
Dios Padre Project. NSX Silver's shares are listed on the TSX
Venture Exchange under the symbol NSY. Neither 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. NSX Silver
Inc. CONTACT: Glenn A. HolmesChief Financial Officer, NSX Silver
Inc.(902) 798-1148glenn.holmes@nsxsilver.com
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