NSX Silver reports Phase 2 geochemical survey confirms and expands
the Huerigo Silver Zone
BEDFORD, NS,
Dec. 18, 2012 /CNW/ - NSX Silver
Inc. (TSXV: NSY) is pleased to announce the successful
completion of its Phase 2 geochemical survey conducted on the
wholly-owned Oso Blanco II concession which is located
approximately 5 kilometers from the Company's Dios Padre Silver
Project. The survey covered the Huerigo Zone and other
silver-lead-copper anomalies discovered during the Phase I
geochemical survey (see NSX Silver press release dated August 21, 2012). The Phase 2 program
successfully delineated the Huerigo Zone in detail and confirmed
the internal consistency and intensity of the silver anomaly.
The Phase 2 program covered 800 hectares of the
1,900 hectare Oso Blanco II concession and was designed to increase
sample density and provide detailed information regarding the size,
shape, and intensity of the anomalies. A total of 941 rock
chip surface samples were taken during the two programs. In
known anomalous zones rock chip samples were taken on a 50 meter
grid with 25 meter sample spacing and at any changes in lithology
or alteration. Previously unexplored ground was sampled on a
100 meter grid with 50 meter sample spacing and at any change in
lithology or alteration.
Anomalous zones were defined by elevated
silver-lead-copper assay values supported by multi-element assay
values that exceed the statistical background populations.
Background levels for silver, lead, and copper are 1.3, 18, and 20
ppm respectively. The main Huerigo metal anomaly occurs as an
arcuate 900X300 meter multi-point silver anomaly, supported by
coincident anomalous lead and copper values. Silver values
range from background to a maximum of 545 grams per tonne, with
lead values reaching 2.05% and copper reaching 2.1% Of
the total 941 samples tested, an impressive 302 samples (32%)
contained anomalous silver, copper, and lead.
The Phase 2 program identified additional
silver-lead-copper anomalies on the concession. These zones
will be evaluated by backhoe pits, trenching, geologic mapping, and
detailed geochemical sampling. Upon completion and analysis
of the additional surface sampling programs, the Huerigo and other
anomalous zones will be evaluated for a potential drill
program.
Sample Protocol and QA/QC
Representative rock chip samples were taken,
bagged, numbered, and sealed on site. The sealed samples were
transported by Company personnel to ALS Chemex's preparation lab in
Hermosillo. Prepared sample pulps were forwarded by ALS
Chemex to its Vancouver, Canada
laboratory for analysis using ICP-61 methods. A random
selection of 10% of the samples from anomalous zones and 2% of
those outside anomalous zones were resubmitted for reanalysis to
determine the laboratory's accuracy, precision, and
reproducibility.
Qualified Person
John E. Hiner,
Licensed Geologist and Registered Member of SME (Society of Mining
Engineers), a qualified person as defined by National Instrument
43-101 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. Additionally the Company holds
approximately 5,000 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.
Forward-Looking Statements
This news release contains statements that
may constitute "forward-looking information" or "forward-looking
statements" within the meaning of applicable Canadian securities
legislation.Forward-looking information and statements may include,
among others, statements regarding the future plans, costs,
objectives or performance of NSX Silver Inc. ("NSX Silver"), or the
assumptions underlying any of the foregoing. In this news
release, words such as "may", "would", "could", "will", "likely",
"believe", "expect", "anticipate", "intend", "plan", "estimate" and
similar words and the negative form thereof are used to identify
forward-looking statements. Forward-looking statements should
not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether, or the
times at or by which, such future performance will be
achieved. No assurance can be given that any events
anticipated by the forward-looking information will transpire or
occur, or if any of them do so, what benefits that NSX Silver or
its shareholders will derive. Forward-looking statements and
information are based on information available at the time and/or
management's good-faith belief with respect to future events and
are subject to known or unknown risks, uncertainties, assumptions
and other unpredictable factors, many of which are beyond NSX
Silver's control. These risks, uncertainties and assumptions
include, but are not limited to, those described under "Risks and
Uncertainties" in NSX Silver's Management Discussion and Analysis
for the Year ended December 31,
2011, which is available on SEDAR at www.sedar.com, and
could cause actual events or results to differ materially from
those projected in any forward-looking statements. NSX Silver
does not intend, nor does NSX Silver undertake any obligation, to
update or revise any forward-looking information or statements
contained in this news release to reflect subsequent information,
events or circumstances or otherwise, except if required by
applicable laws.
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.
SOURCE NSX Silver Inc.