BEDFORD, NS,
Jan. 9, 2013 /CNW/ - NSX Silver
Inc. (TSXV: NSY ) is pleased to announce it has commenced a
Phase 2 drilling program on the Dios Padre Silver Project in
Mexico. The Dios Padre
Project is located in the Eastern Sierra Madre Mountain range about
midway between the cities of Hermosillo and Chihuahua, in east central
Sonora. The Project is
comprised of three contiguous exploitation concessions covering an
area of 285 hectares which NSX Silver holds under option.
Dios Padre Phase 2 Drilling Program
The Phase 2 drilling program will consist of
2,500 to 3,000 meters of core drilling and has been designed taking
into account the results of the 2012 drilling completed by NSX
Silver (16 holes) as well as the 2006 drilling completed by First
Majestic Resource Corp. (17 holes) and the 1996 drilling completed
by Silver Standard Resources (10 holes).
The objectives of the Phase 2 program are; (1)
to expand the mineralized zone at depth following the plunge of the
mineralized breccia intrusive body and (2) to support a NI 43-101
compliant resource estimation for Dios Padre.
Heurigo Silver Anomaly
NSX Silver also plans to conduct a trenching
program at the Heurigo Silver anomaly located 5 kilometers from the
Dios Padre Silver Project. This program will entail the
construction of roads exposing new bedrock occurrences and
excavating deeper trenches using backhoes to expose rock at depths
as much as 4 meters. The recently completed Phase 2 geochemical
program successfully delineated the Huerigo Zone in detail and
confirmed the internal consistency and intensity of the silver
anomaly (see NSX Silver press release dated December 18, 2012).
Qualified Person
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 NSY.
Forward-Looking Statements
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.