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Nevada Silver Corporation (OTCQB: NVDSF) has announced the resignation of Sheldon Inwentash as Non-Executive Chairman, effective immediately. John Kutkevicius, who holds multiple law degrees and has extensive experience in tax and estate planning, will serve as interim Chair until a new chair is appointed. The company, with a focus on silver and manganese projects, boasts an Inferred Mineral Resource of 33.5 million silver-equivalent ounces at its Corcoran Silver Project and has invested USD$24 million in the high-grade Emily Manganese Project.
Nevada Silver Corporation (OTCQB: NVDSF) announced updates on exploration activities at its 100%-owned Belmont Silver Project in Nevada. The project covers historic silver mines near Belmont, where prior mining peaked between 1865 and 1889. Preliminary exploration has shown high-grade samples, leading to a detailed geological mapping effort and geophysical surveys aimed at identifying silver-sulphide targets. Drilling is expected to commence in May 2022, targeting near-surface silver veins and anomalies previously overlooked.
Nevada Silver Corporation (OTCQB: NVDSF) announced the termination of its previously announced brokered private placement financing and is exploring a non-brokered alternative. The company also confirmed that its common shares are now eligible for electronic deposit through the DTC, which enhances trading accessibility in the U.S. market. The principal asset, the Corcoran Silver Project, holds an Inferred Mineral Resource of 33.5 million silver-equivalent ounces. Additionally, NSC has acquired the historic Belmont Silver Project, known for its rich silver deposits.
Nevada Silver Corporation has completed a non-brokered private placement financing, raising $2,000,000. The company issued 6,670,000 units at $0.30 each, with each unit consisting of one common share and one-half warrant. Warrants are exercisable at $0.45 per share for 24 months. Proceeds will be allocated towards exploration of the Corcoran Canyon silver-gold property and the Belmont silver property, as well as general corporate purposes. No finder's fees were incurred, and the offering awaits approval from the TSX Venture Exchange.
Nevada Silver Corporation (TSXV:NSC, OTCQB:NVDSF) announced the acquisition of 124 new claims, including patented claims, covering two historic silver mining areas in Nevada: the Belmont Silver Project and North Belmont Silver Project. The properties encompass approximately 2,800 acres near the Corcoran Silver-Gold Project. Historic reports indicate high-grade silver ore in the region, with potential for significant exploration opportunities. The company plans geochemical assessments and drilling to identify mineral deposits in early 2022, aiming to capitalize on the historic silver mine's overlooked resources.
Nevada Silver Corporation has released final assay results from its 2021 drilling program at the Corcoran Silver-Gold Project in Nevada. The program consisted of 3,040 meters of diamond drilling, yielding promising results, including:
- CC21-08: 1.35 meters from 20.12 meters @ 409g/t AgEq
- CC21-12: 1.58 meters from 186.42 meters @ 521g/t AgEq
- CC21-15: 12.15 meters from 194.55 meters @ 99g/t AgEq
CEO Gary Lewis highlighted the deposit's potential for further expansion, with drilling planned for 2022.
On January 18, 2022, Nevada Silver Corporation (TSXV:NSC, OTCQB:NVDSF) announced updated drill core assay results from its 2021 diamond drilling program at the Corcoran Silver-Gold project in Nevada. The completed 3,040-meter program yielded significant findings, including CC21-06 with 204.67 meters averaging 43g/t AgEq and CC21-07 with 84.12 meters averaging 26g/t AgEq. These results confirm the mineralization’s continuity and suggest potential for expansion, with plans for deeper drilling in 2022.
Nevada Silver Corporation (OTCQB: NVDSF) updates on its 2021 diamond drill program at the Corcoran Silver-Gold project in Nevada. Recent results from five drill holes show significant silver-gold mineralization, including a high-grade interval of 3470g/t AgEq in CC21-17. The company reports thick zones of near-surface mineralization with multiple intersections over extensive intervals. Drill data confirms continuity of the mineralization trend over 350 meters and suggests further exploration is needed to understand the deposit's depth extensions. Upcoming assay results are expected soon.
Nevada Silver Corporation has received approval to trade on the OTCQB under the ticker symbol NVDSF, effective January 10, 2022. This transition aims to enhance visibility and liquidity in the U.S. market, leveraging their two U.S.-based exploration projects, notably the Corcoran Silver-Gold Project in Nevada and the Emily Manganese Project in Minnesota. The OTCQB platform is recognized for its compliance and quality standards, offering improved trading information for investors.