Nevada Silver Corporation Commences Drilling at the Emily Manganese Project, Minnesota, USA
NEVADA SILVER CORPORATION COMMENCES DRILLING AT THE EMILY
MANGANESE PROJECT, MINNESOTA, USA
Toronto, Ontario, 14th 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 received all necessary approvals and has commenced drilling at its
Emily Manganese Project (“Emily” or the “Project”), Minnesota, USA.
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.
The Emily Manganese Project is comprised of two blocks of private lands totaling 291 acres of mineral rights
with potential access to contiguous land within a footprint exceeding 500 acres, as shown in Figure 2
overleaf. The Project area has been previously drilled by Pickands Mather and US Steel in the 1950s and
1960s, and by Cooperative Mineral Resources in 2012 and 2013.
The estimated Indicated Mineral Resource of 5.68Mt of 19.2% Mn and 23.02% Fe together with an Inferred
Mineral Resource Estimate of 777.8Kt of 22.48% Mn and 22.15% Fe (Table 1)1were determined by Barr
1 The Emily Manganese Project’s NI 43 -101 Mineral Resource Estimate is available on SEDAR at www.SEDAR.com and is posted on the
Company's website at www.nevadasilvercorp.com. The Mineral Resource Estimate incorporates drilling results from two separate drilling
MN 10% CUTOFF GRADE TONS MN (%) FE (%)
Total Indicated 5,685,310 19.20 23.02
Total Inferred 777,777 22.48 22.15
Engineering Company (“North Star Manganese Inc. NI 43-101 Technical Report, Resource Estimate on the
Emily Property, Minnesota, USA”).
Figure 2. Location map showing current land under NSC control, bedrock in and around the Emily Project
area, as well as historic drill holes by various parties (Peterson 2019). The Emily Project resources (Table 1)
are based on drill holes located within the red circle.
Table 1. NI 43-101 compliant Indicated and Inferred Mineral Resource estimate.
The resource estimate includes drilling results from seven (7) diamond core drill holes completed during two
separate drilling programs (2011 and 2012), these holes are located within the red circled area in Figure 1.
Planned Drilling Program
Twenty-seven diamond core verification drill holes are planned. The program is intended to confirm Mn-Fe
mineralized drill intersections reported by other companies2 within the Emily Project area and to extend the
area of known mineralization.
Historical reported drill intersections within the planned program include:
• PM 303 (22.9m @ 21.34% Mn) including (10.7m @ 29.83% Mn)
• USS 18709 (114.3m @ 19.74% Mn) including (24.4m @ 35.11% Mn) and (15.2m @43.16% Mn)
• USS 18712 (65.5m @ 17.96% Mn) including (19.8m @ 35.34% Mn)
• CMR AC-02-11 (10.2m @ 29.84% Mn)
• CMR VC-01-11 (32.0m @ 17.71% Mn) including (15.8m @ 25.77% Mn) and (9.0m @34.59% Mn)
programs in 2011 and 2012 for seven diamond drill core holes using an inverse distance squared method and evaluated at 5%, 10%, 15%
and 20% manganese weight percent cutoff grades. Mineral resource tonnage and grades are reported as undilute d. Mineral resource
tonnage and contained metal have been rounded to reflect the accuracy of the estimate and numbers may not add due to rounding. This
Mineral Resource Estimate was prepared under the requirements of National Instrument 43 -101 “Standards o f Disclosure for Mineral
Projects” of the Canadian Securities Administrators by Mr. Brad M. Dunn , CPG, Senior Mining Geologist, Barr Engineering Company and
has an effective date of June 12, 2022.
2 Pickands Mather Company (PM); US Steel company Oliver Mining Company (USS); and Cooperative Mineral Resources (CMR).
NSC’s drilling will investigate extensions to the deposit and provide fresh samples for metallurgy and
mineralogy studies as well as material and data for groundwater, geotechnical and processing investigations.
Timberline Drilling Inc. (Virginia, MN) has mobilized a drill rig to Emily and drilling is expected to commence
this month. Access and site preparation for 27 drill pads has been completed by Radotich Enterprises.
Geologic work is being managed by Big Rock Exploration LLC (Minneapolis, MN) and environmental work is
being managed by Barr Engineering Company (Minneapolis, MN).
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.
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 re liance should not be put on
such.