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Nevada Silver Corporation Commences Exploration and Contracts Falcon Drilling Inc. for Drilling at the Corcoran Canyon Silver-Gold Project, Nevada, USA
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES TORONTO, ON / ACCE...
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[{"type":"text","content":"Nevada Silver Corporation Commences Exploration and Contracts Falcon Drilling Inc. for Drilling at the Corcoran Canyon Silver-Gold Project, Nevada, USANOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRESTORONTO, ON / ACCESSWIRE / June 10, 2021 / Nevada Silver Corporation (\"NSC\" or the \"Company\") (TSXV:NSC) is pleased to provide an update on exploration activity at its 100% owned Corcoran Silver-Gold Project (\"Corcoran\" or the \"Project\") located 22 kilometers east of Kinross's Round Mountain Gold Mine in Nye County, Nevada, USA.Corcoran includes the Silver Reef near-surface epithermal silver-gold deposit which is a NE-trending mineralized zone 300 meters wide and 1 kilometer long at Silver Reef Hill near the centre of the Project. The Silver Reef deposit (Tables 1.1 and 1.2) is open laterally and at depth and NSC plans to test the mineralization within the area of previous drilling as well as peripheral to the deposit, including a 12 square kilometer zone of prospective rock alteration containing areas of anomalous precious metals.NSC has contracted Falcon Drilling Inc. (Carson City, NV) to undertake an extensive drill program at the Silver Reef deposit. Recent field activities and a planned multispectral airborne survey to cover the Project are described.DrillingFalcon Drilling Inc. will undertake verification, in-fill and step-out drilling at the Silver Reef deposit. The work is expected to commence in the third quarter of 2021 and will be undertaken in two consecutive stages.Eight HQ-sized diamond core verification drill holes (approximate total 1200 meters) are intended to confirm strongly mineralized drill intersections reported by other companies at Silver Reef and will form the first stage of the program. The historical drill holes were mostly completed in the mid-1980's and used a variety of sampling equipment and dated analytical procedures. The planned NSC drilling will provide comparative analytical data for representative silver and gold mineralized intersections reported by earlier explorers.Historical reported drill intersections to be tested in the verification drilling program include:CC02 (1.5m @ 3,531g/t Ag) as well as (1.5m @ 4,114g/t Ag and 0.27g/t Au)CC30 (42.7m @ 390g/t Ag and 0.34g/t Au) as well as (4.6m @ 521g/t Ag and 0.45g/t Au)CC38 (6.1m @ 1,874g/t Ag and 2.57g/t Au)CCD04 (7.6m ...