Business
NSX Silver realigns Mexican property portfolio
BEDFORD, NS, Sept. 6, 2013 /CNW/ - NSX Silver Inc. (TSXV: NSY) has recently completed a...
About this update from Nexliving Communities Inc
[{"type":"text","content":"\n\n\nBEDFORD, NS, Sept. 6, 2013 /CNW/ - NSX Silver Inc. (TSXV: NSY) has recently completed a strategic review of its Mexican exploration\n property portfolio, taking into consideration the exploration results\n generated to date and an evaluation of the risk-reward profile\n associated with undertaking further exploration for each of its mining\n concessions.  As a result of this review, the directors of NSX Silver\n have determined that the Company's future exploration efforts will be\n best positioned by focusing on its three wholly-owned mining\n concessions (Oso Blanco, Oso Blanco 2 and Piedras del Norte) comprising\n approximately 6,000 hectares and located in Sonora State.  The work\n completed on these concessions to date has identified several\n mineralized zones which NSX Silver's technical consultants consider to\n have excellent potential for further discoveries.\n\n\nWith respect to the Dios Padre Property, comprised of the Dios Padre,\n Dos Carlos and Alajandro mining concessions totaling 285 hectares,\n while the 2012 and 2013 drill campaigns generated multiple high grade\n silver intercepts, it has not as yet delivered the makings of an\n economic deposit and accordingly NSX Silver has informed the property\n owner that it is terminating the option agreement.\n\n\nOso Blanco Mining Concession\n\n\nThe highly prospective Huerigo area was first identified by NSX Silver\n in 2012 and now comprises 8 km2 of highly prospective ground in the western portion of the Oso Blanco 2\n concession.  A total of five anomalous zones have now been identified\n in the Huerigo area.  Anomalous zones were defined by elevated\n silver-lead-copper assay values supported by multi-element assay values\n that exceed the statistical background populations.  Background levels\n for silver, lead, and copper are 1.3, 18, and 20 ppm respectively.\n\n\nEfforts to date have focussed on two of these zones; the Los Tajos Zone to the south and the Chipahuiri Zone to the north.  These zones are located approximately 5 kilometers apart\n and both have had only limited exploration conducted in the past.\n Highlight results were press released on June 11, 2013 and are listed\n below;\n\n\nLos Tajos Zone:\n\n\n3.41 grams per tonne gold and 95 grams per tonne silver in a 2 meter\n trench\n\n189 grams per tonne silver and 0....