BEDFORD, NS,
April 4, 2013 /CNW/ - NSX Silver
Inc. (TSXV: NSY) is pleased to announce assay results
from its recently completed Phase 2 drilling program at its Dios
Padre Silver Project located in Sonora State, Mexico. These results are from holes
DP-17-2013 through DP-32-2013 which were drilled in and beneath the
area of historic mining; both in the area of old pit and adjacent
to the underground mine workings. Seventeen (17) drill holes were
completed during the first quarter of 2013 for a total of 3,220
meters.
Significant drill intercepts encountered,
included the following;
- 26.6 meters in DP-21-2013 grading 107.4 grams per
tonne silver, which occurs from surface to 26.6 meters.
This hole intersected the old workings at 26.6 meters and was
terminated.
- 18.9 meters in DP- 21A - 2013 grading 234.6 grams per
tonne silver and 0.179 grams per tonne gold over 12.4
meters within that interval. In addition, gold mineralization
was encountered over a 45.4 meter intercept with an average grade
of 0.51 grams of gold per tonne, which envelopes a smaller low
grade silver intercept of 19.5 meters grading 16.1 grams of silver
and 0.406 grams of gold per tonne.
- 41 meters in hole DP-26-2013 grading 288.2 grams per
tonne silver and 0.246 grams gold per tonne over a 25
meter interval. Within this section an interval of 2.5 meters
grading 1.490 kilograms of silver per tonne and 0.351 grams per
tonne gold was encountered from 101.8 to 104.3 meters.
- 8.6 meters in hole DP- 29-2013 grading 443
grams per tonne silver and 0.175 grams of gold per
tonne
- 12 meters in hole DP-30-2013 grading 208.2 grams per
tonne silver which includes a section of 6 meters grading 312.6
grams of silver per tonne.
A table of significant drill intercepts from the
Phase 2 (2013) drilling program is attached as Appendix A.
Drilling during the Phase 2 Program encountered
multiple thick zones of silver mineralization ranging up to 41
meters in thickness. Also of significant interest is the occurrence
of low grade gold mineralization with silver mineralization in a
number of the drill holes. Gold occurs in separate zones
often accompanied by low silver values. Gold does not appear to
have a spatial relationship with high grade silver mineralization,
suggesting multiple mineralizing events. These gold zones were also
indicated by historic drilling and warrant further study.
NSX Silver technical personnel are reviewing and
analyzing all data generated from this program together with data
generated from the Phase 1 program and from the historic
exploration programs with a view to updating the comprehensive
geological model to assist in the project evaluation.
Sample Protocol and QA/QC
Drill core from all the drill holes was sawn in
half, logged, sampled, catalogued and stored for future
reference. One-half of the core was sent to ALS Chemex in
Hermosillo for assay preparation,
with ICP 61 analysis of the prepared samples conducted by ALS
Chemex in Vancouver, Canada.
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 agreement.
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.
Appendix A
Table of Significant Drill Results
Dios Padre Silver Project - Phase 2 (2013) Drill Program
Drill Hole Number |
From
(meters) |
To
(meters) |
Intercept *
(meters) |
Silver
(grams/tonne) |
Gold
(grams/tonne) |
|
|
|
|
|
|
DP - 18 - 2013 |
193.70 |
201.70 |
8.00 |
71.63 |
-- |
gold anomaly |
178.25 |
184.80 |
6.55 |
-- |
0.442 |
|
|
|
|
|
|
DP - 19 - 2013 |
149.25 |
151.50 |
2.25 |
148.91 |
0.358 |
|
176.55 |
179.20 |
2.65 |
39.95 |
-- |
|
|
|
|
|
|
DP - 20 - 2013 |
125.70 |
131.70 |
6.00 |
90.15 |
0.217 |
|
|
|
|
|
|
DP - 21 - 2013 |
0.00 |
26.60 |
26.60 |
107.36 |
-- |
|
|
|
|
|
|
DP - 21A - 2013 |
27.20 |
46.10 |
18.90 |
234.57 |
0.179 |
gold anomaly |
49.20 |
94.60 |
45.40 |
-- |
0.511 |
gold silver zone |
56.60 |
76.10 |
19.50 |
16.12 |
0.406 |
|
|
|
|
|
|
DP - 22 - 2013 |
126.45 |
139.10 |
12.65 |
250.42 |
-- |
including |
126.45 |
136.10 |
9.65 |
306.13 |
0.104 |
|
|
|
|
|
|
DP - 23 - 2013 |
28.40 |
32.40 |
4.00 |
49.25 |
-- |
|
|
|
|
|
|
DP - 26 - 2013 |
91.30 |
132.30 |
41.00 |
288.19 |
0.164 |
including |
100.30 |
104.30 |
4.00 |
1,165.81 |
0.395 |
including |
101.80 |
104.30 |
2.50 |
1,489.90 |
0.351 |
|
|
|
|
|
|
DP - 29 - 2013 |
0.00 |
20.90 |
20.90 |
207.69 |
0.184 |
Including |
10.30 |
18.90 |
8.60 |
443.00 |
0.175 |
|
38.50 |
39.50 |
1.00 |
234.00 |
0.236 |
gold anomaly |
221.00 |
225.20 |
4.20 |
-- |
0.394 |
|
245.75 |
255.60 |
9.85 |
86.68 |
0.452 |
|
259.95 |
262.65 |
2.70 |
83.25 |
0.621 |
|
|
|
|
|
|
DP - 30 - 2013 |
203.60 |
215.60 |
12.00 |
208.21 |
-- |
including |
208.10 |
214.10 |
6.00 |
312.63 |
-- |
|
|
|
|
|
|
DP - 32 - 2013 |
87.70 |
91.70 |
4.00 |
229.90 |
0.104 |
|
|
|
|
|
|
* True widths will vary with the drill hole
angle but are generally 50 to 70% of the reported interval
SOURCE NSX Silver Inc.