Business
Nevada Silver Corporation Receives All Necessary Approvals for Drilling at the Corcoran Silver-Gold Project, Nevada, USA
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES TORONTO, ON / ACCE...
About this update from Electric Metals Usa Limited
[{"type":"text","content":"Nevada Silver Corporation Receives All Necessary Approvals for Drilling at the Corcoran Silver-Gold Project, Nevada, USANOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRESTORONTO, ON / ACCESSWIRE / July 21, 2021 / Nevada Silver Corporation (\"NSC\" or the \"Company\") (TSXV:NSC) is pleased to announce that it has received all necessary approvals for the upcoming drill program 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.The Company has contracted Pinion Exploration & Construction Inc. (Battle Mountain, NV) to upgrade access and prepare drill sites for 29 drill pads, and drilling contractor Falcon Drilling Inc. (Carson City, NV) has mobilized a rig to Nevada, with drilling scheduled to commenced next month.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.Drill ProgramEight 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. Historical reported drill intersections to be tested in the initial 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 @ 1,150g/t Ag and 1.99g/t Au)CCD09 (1.5m @ 4,103g/t Ag and 4.08g/t Au)CCD15 (23.1m @ 39g/t Ag and 2.15g/t Au) as well as (1.8m of 1,186g/t Ag and 0.89g/t Au)CCD21 (14.9m @ 268g/t Ag and 0.38g/t Au)An immediate follow-on program of approximately 20 HQ holes (total 2,000-3,000 meters) will test for extensions to the Silver Reef mineralization both below and marginal to the area where an inferred mineral resource calculation was establish...