Nevada Silver Corporation (TSX-V:NSC) said it has received encouraging first drill core assays from its recent drill testing of six priority targets at its Belmont Silver project in Nevada.
Highlights from the results include an intersection of 440 grams per tonne (g/t) of silver and 0.99% lead between 27.74 metres (m) and 28.47m in drill hole BS2202.
The company said the high-grade silver was included within a wider interval between 26.76m and 30.82m, which averaged 134 g/t of silver and forms part of a fault/crush zone that appears to be trending at a high angle to the drill core.
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Nevada Silver CEO Gary Lewis said it is very encouraging that the top few samples from the very first drill core to test the Belmont Silver Mining Camp in more than 100 years had intersected a near-surface zone of high-grade silver.
“Six drill holes have been completed in this initial part of our drilling assessment and we are expecting assays from the bottom portion of BS2202 and the other five drill holes during the coming weeks,” he said.
“Once these results have been received and interpreted by our geological team, we will undertake further drilling later in the year.”
He said in total, 24 targets were identified in the company’s recently-completed Induced Polarization and Resistivity survey. “So this is just the beginning of an exciting period of exploration at Belmont,” Lewis said.
Nevada Silver is a multi-commodity resource company with two exploration projects in the US: the Corcoran silver-gold project in Nevada and the Emily manganese project in Minnesota.
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