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Nevada Silver Announces the First Assays From Drilling at the Belmont Silver Project, Nevada
TORONTO, ON / ACCESSWIRE / August 24, 2022 / Nevada Silver Corporation ("NSC" or the "Compan...
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[{"type":"text","content":"Nevada Silver Announces the First Assays From Drilling at the Belmont Silver Project, NevadaTORONTO, ON / ACCESSWIRE / August 24, 2022 / Nevada Silver Corporation (\"NSC\" or the \"Company\") (TSXV:NSC) (OTCQB:NVDSF) is pleased to announce the receipt of the first drill core assays from recent drill testing of six priority targets at the Company's 100%-owned Belmont Silver Project located 72 kilometers northeast of Tonopah in central Nevada, USA.Assay results include an intersection of 440 g/t silver and 0.99% lead between 27.74-28.47 meters in drill hole BS2202. The high-grade silver is included within a wider interval between 26.76-30.82 meters which averaged 134 g/t Ag and which forms part of a fault/crush zone that appears to be trending at a high angle to the drill core (Figure 1, Tables 1 and 2).Gary Lewis, Nevada Silver's CEO, commented.\"This is a very encouraging result - the top few samples of the very first drill core to test the Belmont Silver Mining Camp for more than 100 years has 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. Once these results have been received and interpreted by our geological team, we will undertake further drilling later in the year.In all, 24 targets were identified in the recently completed Induced Polarization (IP) and Resistivity survey, so this is just the beginning of an exciting period of exploration at Belmont.\"NSC's exploration is the first significant mineral assessment of one of the earliest and richest silver mining camps in the Tonopah district.Drilling commenced in mid-July 2022, and these results are from the top few samples from BS2202 (25-33 meters) and are the first to be returned from Paragon Geochemical in Sparks NV.NSC also wishes to advise that in connection with the Company's indirectly wholly-owned subsidiary, North American Silver Corporation's (NASC) option to purchase five patented lode mining claims in Sections 25 and 36, Township 9 North, Range 45 East, MDM, Nye County, Nevada covering approximately 69.88 acres known as the Belmont Property from Summa, LLC (\"Summa\"), NASC granted a 1.0% Net Smelter Return (NSR) royalty to Summa. The first 25% of the NSR can...