Nevada Silver Corporation Provides Drilling Update at Its 100% Owned Corcoran Silver-GOLD Project, Nevada, USA
NEVADA SILVER CORPORATION PROVIDES DRILLING UPDATE AT ITS 100%
OWNED CORCORAN SILVER-GOLD PROJECT, NEVADA, USA
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES
Toronto, Ontario, 22nd September 2021: Nevada Silver Corporation (“NSC” or the “Company”)
(TSXV: NSC) is pleased to provide an update on the diamond drilling program on its 100% owned
Corcoran Silver-Gold Project (“Corcoran” or the “Project”) located 22 kilometers east of Kinross’s
Round Mountain Gold Mine in Nye County, Nevada, USA.
Drill-testing of the Silver Reef deposit at Corcoran is progressing with the completion of three vertical
diamond drill holes of the eight-hole Stage 1 drilling program.
The first hole (CC21-01) is located near the center of the deposit (Figure 1) and was extended below
the planned depth of 168 meters to 347.5 meters after intersecting disseminated mineralization
within epithermal altered rhyolite tuff. The deeper part of CC21-01 sampled several 10-meter
intervals of sulfidic mineralization which may represent conduits for overlying silver-gold (Figure 2).
CC21-01 drill core has been logged and samples dispatched for analyses. Assay results are expected
in late October.
“CC21-01 cut wide intervals of encouraging mineralization which continued to depths well
below previous drilling” said Gary Lewis, the Company’s CEO. “The field team is excited by
the drill core that they have logged and we are looking forward to receiving assay results in
the coming weeks”.
The second drill hole (CC21-02) is located approximately 200 meters northeast of CC21-01 and was
completed on 16th September to 242 meters total depth. CC21-02 intersected crystal tuff breccia
with dispersed fine-grained silver sulfides. Beneath a two-meter zone of semi massive sulfides (125-
127 meters) large patches of pyritic mineralization extend to 161 meters.
CC21-03, located close to the top of Silver Reef Hill was completed to 72.75 meters on 19 th
September and transected strongly fractured limonitic tuffs with underlying disseminated, fine-
grained sulfide and veinlet pyrite.
“The program is off to an excellent start with few interruptions and the drill rig is operating
efficiently and providing excellent drill core recoveries” said Mr. Lewis.
The rig is currently completing CC21-04 which is an angle d drill hole through the mineralized
sequence intersected in CC21-02 (Figure 3).
As previously announced, NSC intends to complete the Stage 1 program before commencing a 20
HQ hole (total 2,000-3,000 meters) follow-on program that will test for extensions to the Silver Reef
mineralization and will also provide considerable in-fill data. This drilling is expected to extend the
area of known mineralization and will form both the basis for an updated NI 43-101-compliant
resource estimate as well as material for metallurgy and mineralogy studies.
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Qualified Person
Figure 2: Drill core from CC21-01 at 306m.
‘Feeder zone’ showing irregular clusters of sulfide
mineralization (dark grey).
Figure 3: Drill core from CC21-04 at 36m.
Mineralized rhyolite tuff with semi-massive
sulfides.
Figure 1: View of Silver Reef Hill looking southeast showing contoured drill access tracks and
logging/sample preparation area in the foreground. Arrow shows approximate location of CC21-01.
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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.
For further Information please contact:
Gary Lewis
Group CEO & Director
T: +1 (416) 941 8900
About Nevada Silver Corporation
Nevada Silver Corporation (TSXV:NSC) is a US -based, multi-commodity resource company with two a dvanced
stage exploration projects in the USA . NSC’s principal asset is the Corcoran Silver -Gold Project in Nevada . In
addition, NSC also owns the Emily Manganese Project in Minnesota which has been the subject of considerable
technical studies with US$23 million invested to date. Both Corcoran and Emily are wholly (100%) owned by NSC.
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.
Forward-Looking Information
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“forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is
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Forward-looking information is subject to known and unknown risks, un certainties and other factors that may
cause the Company’s actual results, level of activity, performance or achievements to be materially different
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result of the Company having a limited operating history and may have a wide variance from actual results, risks
concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding
the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative
geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the
mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those
resources economically, or at all, uncertainty involving exploration (including drilling) programs and the
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the date such statements are made. A lthough the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in forward -looking information, there may
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