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NSX Silver Acquires 800 Hectares of Prospective Property in Sonora, Mexico
(via Thenewswire.ca) Bedford, Nova Scotia - October 28, 2013 - NSX Silver Inc. (NSY: TSXV)...
About this update from Nexliving Communities Inc
[{"type":"text","content":"NSX Silver Acquires 800 Hectares of Prospective Property in Sonora, Mexico(via Thenewswire.ca)\n\n \nBedford, Nova Scotia - October 28, 2013 - NSX Silver Inc. (NSY: TSXV) reports that it has acquired by request to the Mexican government two mining concessions covering a total of 856 hectares located in the Municipality of Tecoripa, State of Sonora, Mexico. The mining concessions, designated Guisa 1 and Guisa 2, are contiguous, and are situated approximately 140 kilometers east of the capital city of Hermosillo.\n\n \n \nThe Guisa concessions are on the eastern flank of the porphyry copper system that hosts the Cerro Verde Copper project and a number of other porphyry deposits. Porphyry copper deposits may host gold and silver deposits on their margins. Three of ten grab samples taken on the Guisa concessions during NSX Silver's initial prospecting phase returned values of significance as detailed below. \n\n \n \n\n --------------------------------------\n |Sample #| |Gold (gpt)| |Silver (gpt)|\n |------------------------------------|\n |  | |  | |  |\n |------------------------------------|\n |325765 | |0.216 | |31.0 |\n |------------------------------------|\n |325766 | |0.351 | |80.2 |\n |------------------------------------|\n |325767 | |0.100 | |22.8 |\n --------------------------------------\n\n \n \nMineralization occurs over a wide area and is not limited to distinct veins but is found in stringers in the host andesites (volcanic rocks). Most of the Guisa concessions are covered by these volcanics which NSX Silver considers to be a more favourable target than the adjacent granites. The Guisa concessions have not been mapped in any detail and will be subject to a Phase 1 work program incorporating a systematic geochemical survey as well as geologic mapping. \n\n \n \nNSX Silver personnel continue to evaluate other acquisition opportunities in Sonora and elsewhere in Mexico. Additional acquisitions will be announced as and when completed. \n\n \n \nOso Blanco Property\n\n \n \nNSX Silver's core asset is the Oso Blanco Property located in Sonora, Mexico located midway between the cities of Hermosillo and Chihuahua. Geological mapping and geochemical sampling completed to date have identified several anomalous zones. Sampling has returned significant precious a...