Nevada Silver Corporation (TSX-V:NSC) has reported more drill assays from its maiden program at the Corcoran silver-gold project in Nevada, which included an 'exceptional' result in one hole of over 200 metres (m) starting from surface at a grade of 43 grams per ton (g/t) silver-equivalent.
The latest assays come from two holes from the recently completed 3,040m diamond drill program at the deposit.
The hole, noted above, cut 204.67m from surface at a grade of 43g/t silver-equivalent, with 21g/t silver and 0.29 g/t gold. This included an intercept of 0.8m starting from 140.82m at a grade of 747g/t silver-equivalent.
"Very few silver deposits contain a drill section of +200-meters with anomalous silver and gold from surface and hole CC21-06 is an exceptional result," CEO Gary Lewis told investors in a statement.
READ: Nevada Silver hits high grade silver at Corcoran silver-gold project in Nevada
"Importantly, this wide zone includes high-grade, narrow intervals which may be important for future development scenarios. These narrow-brecciated structures may be the near-surface extensions of deeper ‘feeder zones' some of which were intersected by drilling last century but have not been explored or sampled by recent exploration. NSC is planning to drill test along-trend and deeper targets during 2022 and this work may add considerable size to the deposit," he added.
Both historic and the firm's drilling to date has concentrated on the Silver Reef Zone, a northeast-trending mineralized zone 500m wide and 600m long, on Silver Reef Hill, added the company.
Silver Reef Hill is around 1km long, running north-northeast and stands about 100 meters above to the valley floor. It sits in the center of the company's claim block.
Nevada Silver Corp is a multi-commodity resource company with two exploration projects in the USA. The main asset is the Corcoran Silver-Gold project in Nevada. It also has management and ownership rights over the Emily Manganese project in Minnesota, which has been the subject of considerable technical studies, with US$24 million invested to date. Both Corcoran and Emily boast NI 43-101 compliant mineral resource estimates.
Contact the writer at giles@proactiveinvestors.com