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Nevada Silver Corporation Acquires Historic High-Grade Silver Mines South of the Corcoran Silver-Gold Project, Nevada, USA
TORONTO, ON / ACCESSWIRE / February 2, 2022 / Nevada Silver Corporation ("NSC" or the "Compa...
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[{"type":"text","content":"Nevada Silver Corporation Acquires Historic High-Grade Silver Mines South of the Corcoran Silver-Gold Project, Nevada, USATORONTO, ON / ACCESSWIRE / February 2, 2022 / Nevada Silver Corporation (\"NSC\" or the \"Company\") (TSXV:NSC)(OTCQB:NVDSF) is pleased to advise that it has filed 124 new claims and reached agreement to acquire a number of patented claims, to cover two areas of extensive historic silver mines 15 kilometers southwest of the Company's 100% owned Corcoran Silver-Gold Project and 80 kilometers north-east of Tonopah in central Nevada (Figure 1). A total of 2,800 acres of unpatented and patented claims have been secured.The new NSC claim areas (Belmont Silver Project and the North Belmont Silver Project) surround or cover the majority of old silver workings of the Belmont silver mining camp near the historic Belmont town.Belmont was among the earliest and richest silver mining camps in the Tonapah district with an estimated ore head-grade averaging 25 ounces per ton of silver. Historical accounts describe numerous prospect pits and mine openings of shallow underground workings with richest ore above the water table where silver occurred mostly as silver chloride (cerargyrite). Silver-bearing sulfides together with copper, molybdenum, lead, zinc and antimony minerals were reported at depth.During the camp's silver mining heyday between 1865 and 1889 Belmont's population was about 10,000 and the town was the seat of Nye County Government. 1887 silver production from the district was estimated as $3,793,103 (1887 value) from 58,906 tons, more than $110,000,000 in today's dollars1. Most mining activities are thought to have been suspended when mine dewatering reduced the Belmont township water supply.Belmont Silver ProjectAccounts of mining activities in the main Belmont mines suggest the two principal shafts (Highbridge (110 meters) and Belmont (180 meters)) were connected on the 300-foot level and that the 500-foot level contained a ‘large tonnage of ore'. Two main vein systems were mined. The eastern veins (Highbridge and Transylvania ledges) were hosted in slate and limestone and dip easterly at 40-50 degrees. High-grade mineralization was reported adjacent to hanging walls of massive quartz veins and generally conformable with strata of Ordovician shale, quartzite and limestone.Between 1915-17 the Monitor-...