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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 Comp...
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[{"type":"text","content":"Nevada Silver Announces Major Land Acquisition in Minnesota to Significantly Expand the Emily Manganese Exploration FootprintSigns 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, ON / ACCESSWIRE / February 23, 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. 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 ...