NSX Silver provides udate on its Dios Padre and Oso Blanco silver projects
22 Setembro 2012 - 9:45AM
PR Newswire (Canada)
BEDFORD, NS, Sept. 24, 2012 /CNW/ - NSX Silver Inc. is pleased to
provide an update on the exploration programs at the Dios Padre and
Oso Blanco silver projects located in Sonora State, Mexico. Dios
Padre Project NSX Silver has engaged Mercator Geological Services
Limited to assist in developing a 3D geological model for Dios
Padre as well as for the planning of the Phase 2 drill program that
is scheduled for Q4 2012. Mercator is based in Dartmouth,
Nova Scotia and has provided professional services to the mining
and exploration industry for over 18 years. Mercator has a strong
team of professional geoscientists and support personnel with
expertise in areas of project design and management, mineral
resource estimation and evaluation, drilling program
management, 3D modeling and visualization, GIS based
compilation and digital mapping, and NI 43-101 technical reporting.
Oso Blanco Project Phase II of the geochemical program at its
wholly-owned Oso Blanco II concession has commenced and entails
detailed rock chip sampling on a 50 meter grid at 25 meter spacing
between samples or at any change in lithology. A number of
trenches and test pits are also planned to test the anomalous zones
of silver and lead. This past summer NSX Silver completed a Phase I
geochemical (rock-chip) survey on a portion of the Oso Blanco II
concession, which is located 5 kilometers from the Company's Dios
Padre Silver Project. The Company was attracted to the previously
unexplored Huerigo Zone by alteration in surface rocks that is
similar to that seen at the Dios Padre Project. The Phase I
geochemical survey covered a 5 km(2) portion of part of the Oso
Blanco II concession known as the Huerigo Zone. As reported
in the press release dated August 21, 2012 silver values up to 545
grams per tonne were returned from the samples and four large
poly-metallic anomalies were also discovered. About the Dios Padre
Project The Dios Padre Project is located in the Eastern Sierra
Madre Mountain range about midway between the cities of Hermosillo
and Chihuahua, in east central Sonora. The Project is
comprised of three contiguous exploitation concessions covering an
area of 285 hectares which NSX Silver holds under option. The main
Dios Padre silver zone occurs within an irregular rhyolitic
intrusive that has been extremely brecciated and sheared.
Structurally controlled silver mineralization occupies shears,
fractures and breccia matrices within the intrusive. The
Project has a history of intermittent mining dating back to the
Spanish Jesuits, with most of the mining activities concentrated on
narrow, high-grade veins of silver in freibergite and argentiferous
tetrahedrite associated with galena and copper sulfides.
Various interpretations of mode of origin, deposit size, amount of
previous mining and grade assumptions have resulted in a wide range
of historical remaining tonnes and grades by prior workers. During
the first half of 2012 NSX Silver completed a 16-hole drill program
(3,530 meters) as a first step towards establishing a comprehensive
geological model for Dios Padre. The first six holes of the Phase 1
Program targeted unsuccessfully a large geophysical anomaly. The
subsequent ten holes targeted in and beneath the area of historic
mining. These ten holes encountered mineralized zones that
contained silver mineralization intermixed with a variety of
sulfide minerals. Of these, three holes were drilled into the old
mine workings, and seven holes were focused on new prospective
targets below the historic workings. Assay results from these
deeper holes reported anomalous silver and gold values throughout
much of their length and as well they encountered thicker zones of
higher grade material. Of significance is the fact that
silver mineralization occurs in both the rock matrix and within
vugs (cavities) and fractures in rhyolite and rhyolite breccia host
rock rather than in discrete veins. This reinforces
expectations of the potential for additional higher grade
mineralized zones below the known historic mine workings and within
the feeder stock that appears to trend to the north-northeast of
the Dios Padre Breccia zone. A table of the significant 2012 drill
results is attached as Appendix A. In the vicinity of the Dios
Padre Project the Company holds the Oso Blanco, Oso Blanco II and
Piedras del Norte concessions covering a total area of
approximately 5,000 hectares. Qualified Person John E. Hiner,
Licensed Geologist and Registered Member of SME, 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. Appendix A
_____________________________________________________________________
| Dios Padre Silver Project | | Significant Drill Intercepts -
Phase 1 Drill Program (2012) |
|_____________________________________________________________________|
|Drill Hole # | From| To|Intercept| Au| Ag|
|___________________________|________|________|_________|_____|_______|
| |(meters)|(meters)| (meters)|(gpt)| (gpt)|
|___________________________|________|________|_________|_____|_______|
|DP-07-2012 | 32.0| 34.0| 2.0|trace| 79.6|
|___________________________|________|________|_________|_____|_______|
| | 82.5| 84.0| 1.5|0.021| 254.0|
|___________________________|________|________|_________|_____|_______|
| | 105.0| 106.5| 1.5|0.199| trace|
|___________________________|________|________|_________|_____|_______|
| | 120.0| 121.5| 1.5|0.287| 40.1|
|___________________________|________|________|_________|_____|_______|
| | 261.0| 262.5| 1.5|trace| 41.8|
|___________________________|________|________|_________|_____|_______|
|DP-08-2012 | 99.0| 100.5| 1.5|1.365| 82.6|
|___________________________|________|________|_________|_____|_______|
|DP-09-2012 | 15.5| 17.5| 2.0|trace| 28.0|
|___________________________|________|________|_________|_____|_______|
| | 64.0| 68.0| 4.0|trace| 73.0|
|___________________________|________|________|_________|_____|_______|
| | 193.5| 201.0| 7.5|trace| 573.0|
|___________________________|________|________|_________|_____|_______|
| Including| 195.0| 196.5| 1.5|trace|1,410.0|
|___________________________|________|________|_________|_____|_______|
| | 217.5| 226.5| 9.0|trace| 242.0|
|___________________________|________|________|_________|_____|_______|
| | 261.0| 264.0| 3.0|0.187| 183.0|
|___________________________|________|________|_________|_____|_______|
|DP-10-2012 | 241.0| 244.0| 3.0|0.259| 275.6|
|___________________________|________|________|_________|_____|_______|
|DP-11-2012 | 89.0| 93.0| 4.0|trace| 205.4|
|___________________________|________|________|_________|_____|_______|
| | 153.0| 156.0| 3.0|trace| 55.9|
|___________________________|________|________|_________|_____|_______|
| | 238.5| 241.5| 3.0|0.225| trace|
|___________________________|________|________|_________|_____|_______|
| | 268.5| 273.0| 4.5|0.072| 80.9|
|___________________________|________|________|_________|_____|_______|
|DP-12-2012 | 16.5| 19.0| 2.5|trace| 180.1|
|___________________________|________|________|_________|_____|_______|
| | 20.5| 70.5| 50.0|0.685| 74.2|
|___________________________|________|________|_________|_____|_______|
| Including| 20.5| 39.0| 18.5|0.249| 140.1|
|___________________________|________|________|_________|_____|_______|
| and| 34.5| 36.0| 1.5|0.444| 468.0|
|___________________________|________|________|_________|_____|_______|
| and| 54.0| 57.0| 3.0|0.905| 215.0|
|___________________________|________|________|_________|_____|_______|
| | 63.0| 67.5| 4.5|0.500| 37.5|
|___________________________|________|________|_________|_____|_______|
| | 123.0| 127.5| 4.5|trace| 36.9|
|___________________________|________|________|_________|_____|_______|
|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|
|___________________________|________|________|_________|_____|_______|
|DP - 15 -2012 | 1.5| 7.5| 6.0| -| 74.3|
|___________________________|________|________|_________|_____|_______|
|gold zone with minor silver| 12.0| 43.5| 31.5|0.343| 6.5|
|___________________________|________|________|_________|_____|_______|
| 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|
|___________________________|________|________|_________|_____|_______|
NSX Silver Inc. CONTACT: Glenn A. HolmesChief Financial Officer,
NSX Silver Inc.(902) 798-1148glenn.holmes@nsxsilver.com
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