Nevada Silver Announces Major Land Acquisition IN Minnesota to Significantly Expand the Emily Manganese Exploration Footprint
NEVADA SILVER ANNOUNCES MAJOR LAND ACQUISITION IN MINNESOTA TO
SIGNIFICANTLY EXPAND THE EMILY MANGANESE EXPLORATION FOOTPRINT
• Signs lease and purchase option agreements covering two strategic blocks of land joining
the Company’s existing holdings.
• First company to consolidate land into one contiguous block covering much of the
manganese-iron deposition previously drilled by US Steel and Pickands Mather.
• NSC to review drill program now underway to include additional holes to cover high-grade
historical intercepts on this newly acquired ground.
TORONTO, ONTARIO, 23rd February 2023: Nevada Silver Corporation (“NSC” or the “Company”) (TSXV:
NSC) (OTCQB: NVDSF) a US-based mineral development company with manganese and silver projects
geared to supporting the transition to clean energy, is pleased to announce that the Company’s
Minnesota subsidiary, North Star Manganese Inc (“NSM”) has signed lease and purchase option
agreements with two private landowners in Emily, Minnesota on two adjacent blocks of land covering
approximately 77 acres of surface and mineral rights.
The Emily Project is located in the Cuyuna Iron Range of central Minnesota, USA (Figure 1), an area with a rich
mining history and supported by well -established local infrastructure, a skilled mining workforce and
abundant power and gas.
Figure 1. The Emily Project is part of the Emily District of the Cuyuna Iron Range in Crow Wing County, Central
Minnesota. The Emily District contains the highest-grade source of Manganese in North America.
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As Figure 2 below shows, these two acquisitions are significant as they join with the Company’s existing
holdings to form one contiguous land block covering much of the manganese -iron deposition
previously drilled by Pickands Mather and US Steel in the 1940s and 1950s. Further, NSC now has
control over most of the footprint of the planned US Steel designed West Ruth Lake Mine, which was
targeting 24,012,200 tons @ 15.29% Mn and 23.4% Fe (Strong 1959).
Figure 2. Location map showing additional land now under NSC control (white rectangle), bedrock in and
around the Emily Project area, as well as historic drill holes by various parties (Peterson 2019).
NSC’s CEO Gary Lewis commented, “securing these additional lands represents a significant milestone
for the Company and its shareholders. Our Minnesota team has spent many months on the ground
finalizing these deals, and the impact will be immediate and considerable. Having recently announced
the commencement of drilling at the Emily Manganese Project, our technical team are reviewing the
program to include additional holes to cover high -grade historical intercep ts and to infill significant
areas that were never explored on this newly acquired ground.”
“As reported in the 2022 NI 43-101 technical report, ‘the [2022] resource defined by Barr Engineering
represents only a small portion of a much larger area of manganese-iron disposition along strike and
down-dip that was previously drilled by Pickands Mather and U.S. Steel in the 1940s and 1950s’, and
we have now secured the majority of this manganese-iron disposition.”
We look forward to updating shareholders further as the program advances.”
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.
About Nevada Silver Corporation
Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a U.S.-based mineral development company
with manganese and silver projects geared to supporting the transition to clean energy. NSC’s principal asset
is the Emily Manganese Project in Minnesota, which has been the subject of considerable technical
studies, with US$24 million invested to date. The Company’s mission in Minnesota is to become a domestic
U.S. producer of high-purity, high-value manganese metal and chemical products for supply to U.S. energy,
technology and industrial markets. With manganese playing a critical and prominent role in lithium-ion
battery formulations, and with no domestic supply or active mines in North America, this represents a
significant opportunity for NSC shareholders. In addition, NSC owns and operates the Corcoran Silver-
Gold Project in Nevada. Both Corcoran and Emily have been the subject of National Instrument 43-101
compliant mineral resource estimates.
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NSC will seek shareholder approval to change its name to Electric Metals USA Limited at the Company’s
Annual General Meeting in May 2023.
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.
For further Information please contact:
Gary Lewis, Group CEO & Director: (647) 846 5299 - [email protected]
Forward-Looking Statements: Information set forth in this news release may involve forward -looking
statements under applicable securities laws. The forward-looking statements contained herein are
expressly qualified in their entirety by this cautionary statement. The forward -looking statements
included in this document are made as of the date of this document and Nevada Silver Corporation
disclaims any intention or obligation to update or revise any forward -looking statements, whether as a
result of new information, future events or otherwise, except as expressly required by applicable
securities legislation. Although management believes that the expectations represented in such forward-
looking statements are reasonable, there can be no assurance that such expectations will prove to be
correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any
securities that may be described herein and accordingly undue reliance should not be put on such.