British Columbia Securities Commission Technical Disclosure Review

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[{"type":"text","content":"British Columbia Securities Commission Technical Disclosure Review(via Thenewswire.ca)\n\n \nBedford, Nova Scotia - September 11, 2013 - NSX Silver Inc. (NSY: TSXV) reports that it was recently selected by the British Columbia Securities Commission (\"BCSC\") for a targeted mining disclosure review. The purpose of the review was to assess selected aspects of the Company's mining technical disclosure for compliance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects (\"43-101\"). Following the review the BCSC requested that the Company issue the following news release to clarify and retract certain of its technical disclosure.\n\n \n \nHistorical Technical Reports\n\n \n \nThe BCSC has identified that certain technical disclosure contained in two historical reports for the Dios Padre Property which had previously been available on the NSX Silver website did not comply with NI 43-101. The reports in question are the MacKay and Snellman 1966 report and the ACA Howe 2005 report. NSX Silver has recently terminated the Dios Padre Property option agreement and no longer has any interest in the Property (see NSX Silver news release dated September 6, 2013), and accordingly all disclosure documents relating to the Dios Padre Property have been removed from the Company's website including the MacKay and Snellman 1966 report and the ACA Howe 2005 report.\n\n \n \nThe 43-101 non-compliant disclosure items identified by the BCSC were as follows; 1. the disclosure of non-compliant exploration target description on page 21 of the ACA Howe 2005 report which did not include the information required by section 2.3 (2) of NI 43-101, 2. the disclosure of \"gross in-situ metal value\" on page 21 of the ACA Howe 2005 report without taking into consideration operating and capital costs, metal recoveries, smelter costs and other factors relating to the potential mining, extraction and recovery of metals, and 3. the disclosure of historical resource estimates in the MacKay and Snellman 1966 report without providing the information required by section 2.4 of NI 43-101.\n\n \n \nJune 2012 Company Presentation\n\n \n \nThe BCSC review also identified the use of the word \"orebody\" in slide 23 of the NSX Silver June 2012 presentation which had been previously available on the NSX Silver website. The term \"orebo...

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