BEDFORD, NS, Dec. 18, 2012 /CNW/ - NSX Silver Inc. (TSXV: NSY) is pleased to announce the successful completion of its Phase 2
geochemical survey conducted on the wholly-owned Oso Blanco II
concession which is located approximately 5 kilometers from the
Company's Dios Padre Silver Project. The survey covered the Huerigo
Zone and other silver-lead-copper anomalies discovered during the Phase
I geochemical survey (see NSX Silver press release dated August 21,
2012). The Phase 2 program successfully delineated the Huerigo Zone in
detail and confirmed the internal consistency and intensity of the
The Phase 2 program covered 800 hectares of the 1,900 hectare Oso Blanco
II concession and was designed to increase sample density and provide
detailed information regarding the size, shape, and intensity of the
anomalies. A total of 941 rock chip surface samples were taken during
the two programs. In known anomalous zones rock chip samples were
taken on a 50 meter grid with 25 meter sample spacing and at any
changes in lithology or alteration. Previously unexplored ground was
sampled on a 100 meter grid with 50 meter sample spacing and at any
change in lithology or alteration.
Anomalous zones were defined by elevated silver-lead-copper assay values
supported by multi-element assay values that exceed the statistical
background populations. Background levels for silver, lead, and copper
are 1.3, 18, and 20 ppm respectively. The main Huerigo metal anomaly
occurs as an arcuate 900X300 meter multi-point silver anomaly,
supported by coincident anomalous lead and copper values. Silver
values range from background to a maximum of 545 grams per tonne, with
lead values reaching 2.05% and copper reaching 2.1% Of the total 941
samples tested, an impressive 302 samples (32%) contained anomalous
silver, copper, and lead.
The Phase 2 program identified additional silver-lead-copper anomalies
on the concession. These zones will be evaluated by backhoe pits,
trenching, geologic mapping, and detailed geochemical sampling. Upon
completion and analysis of the additional surface sampling programs,
the Huerigo and other anomalous zones will be evaluated for a potential
Sample Protocol and QA/QC
Representative rock chip samples were taken, bagged, numbered, and
sealed on site. The sealed samples were transported by Company
personnel to ALS Chemex's preparation lab in Hermosillo. Prepared
sample pulps were forwarded by ALS Chemex to its Vancouver, Canada
laboratory for analysis using ICP-61 methods. A random selection of
10% of the samples from anomalous zones and 2% of those outside
anomalous zones were resubmitted for reanalysis to determine the
laboratory's accuracy, precision, and reproducibility.
John E. Hiner, Licensed Geologist and Registered Member of SME (Society
of Mining Engineers), a qualified person as defined by National
Instrument 43-101 has reviewed and approved the information provided in
this news release.
About NSX Silver
NSX Silver Inc. is a mineral exploration company actively exploring for
silver and associated metals in Mexico. NSX Silver's principal
property is the Dios Padre Project located in Sonora State, Mexico.
Additionally the Company holds approximately 5,000 hectares of
prospective ground in the vicinity of the Dios Padre Project. NSX
Silver's shares are listed on the TSX Venture Exchange under the symbol
This news release contains statements that may constitute
"forward-looking information" or "forward-looking statements" within
the meaning of applicable Canadian securities
legislation.Forward-looking information and statements may include,
among others, statements regarding the future plans, costs, objectives
or performance of NSX Silver Inc. ("NSX Silver"), or the assumptions
underlying any of the foregoing. In this news release, words such as
"may", "would", "could", "will", "likely", "believe", "expect",
"anticipate", "intend", "plan", "estimate" and similar words and the
negative form thereof are used to identify forward-looking statements.
Forward-looking statements should not be read as guarantees of future
performance or results, and will not necessarily be accurate
indications of whether, or the times at or by which, such future
performance will be achieved. No assurance can be given that any
events anticipated by the forward-looking information will transpire or
occur, or if any of them do so, what benefits that NSX Silver or its
shareholders will derive. Forward-looking statements and information
are based on information available at the time and/or management's
good-faith belief with respect to future events and are subject to
known or unknown risks, uncertainties, assumptions and other
unpredictable factors, many of which are beyond NSX Silver's control.
These risks, uncertainties and assumptions include, but are not limited
to, those described under "Risks and Uncertainties" in NSX Silver's
Management Discussion and Analysis for the Year ended December 31,
2011, which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from
those projected in any forward-looking statements. NSX Silver does not
intend, nor does NSX Silver undertake any obligation, to update or
revise any forward-looking information or statements contained in this
news release to reflect subsequent information, events or circumstances
or otherwise, except if required by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: NSX Silver Inc.
For further information:
Glenn A. Holmes
Chief Financial Officer, NSX Silver Inc.