BEDFORD, NS,
Oct. 19, 2012 /CNW/ - NSX Silver
Inc. (TSXV: NSY) has, subject to regulatory approval, retained
Venture Liquidity Providers Inc. ("VLP") to initiate its
market-making service to provide assistance in maintaining an
orderly trading market for the common shares of the company.
The market-making service will be undertaken by
VLP through a registered broker, W.D. Latimer Co. Ltd., in
compliance with the applicable policies of the TSX Venture Exchange
and other applicable laws. For its services, the corporation has
agreed to pay VLP $5,000 per month
for a period of 12 months. The agreement may be terminated at any
time by the corporation or VLP. The corporation and VLP act at
arm's length, and VLP has no present interest, directly or
indirectly, in the corporation or its securities. The finances and
the shares required for the market-making service are provided by
W.D. Latimer. The fee paid by the
company to VLP is for services only.
VLP is a specialized consulting firm based in
Toronto providing a variety of
services focused on TSX-V-listed issuers.
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.
Appendix A |
|
Dios Padre Silver Project
Significant Drill Intercepts - Phase 1 Drill Program
(2012) |
|
Drill Hole # |
From |
To |
Intercept |
|
Au |
Ag |
|
(meters) |
(meters) |
(meters) |
|
(gpt) |
(gpt) |
DP-07-2012 |
32.0 |
34.0 |
2.0 |
|
trace |
79.6 |
|
82.5 |
84.0 |
1.5 |
|
0.021 |
254.0 |
|
105.0 |
106.5 |
1.5 |
|
0.199 |
trace |
|
120.0 |
121.5 |
1.5 |
|
0.287 |
40.1 |
|
261.0 |
262.5 |
1.5 |
|
trace |
41.8 |
DP-08-2012 |
99.0 |
100.5 |
1.5 |
|
1.365 |
82.6 |
DP-09-2012 |
15.5 |
17.5 |
2.0 |
|
trace |
28.0 |
|
64.0 |
68.0 |
4.0 |
|
trace |
73.0 |
|
193.5 |
201.0 |
7.5 |
|
trace |
573.0 |
Including |
195.0 |
196.5 |
1.5 |
|
trace |
1,410.0 |
|
217.5 |
226.5 |
9.0 |
|
trace |
242.0 |
|
261.0 |
264.0 |
3.0 |
|
0.187 |
183.0 |
DP-10-2012 |
241.0 |
244.0 |
3.0 |
|
0.259 |
275.6 |
DP-11-2012 |
89.0 |
93.0 |
4.0 |
|
trace |
205.4 |
|
153.0 |
156.0 |
3.0 |
|
trace |
55.9 |
|
238.5 |
241.5 |
3.0 |
|
0.225 |
trace |
|
268.5 |
273.0 |
4.5 |
|
0.072 |
80.9 |
DP-12-2012 |
16.5 |
19.0 |
2.5 |
|
trace |
180.1 |
|
20.5 |
70.5 |
50.0 |
|
0.685 |
74.2 |
Including |
20.5 |
39.0 |
18.5 |
|
0.249 |
140.1 |
and |
34.5 |
36.0 |
1.5 |
|
0.444 |
468.0 |
and |
54.0 |
57.0 |
3.0 |
|
0.905 |
215.0 |
|
63.0 |
67.5 |
4.5 |
|
0.500 |
37.5 |
|
123.0 |
127.5 |
4.5 |
|
trace |
36.9 |
DP - 13- 2012 |
16.0 |
80.5 |
64.5 |
|
0.229 |
26.2 |
Including |
30.5 |
47.5 |
17.0 |
|
0.480 |
5.0 |
and |
47.5 |
56.5 |
9.0 |
|
0.250 |
29.5 |
and |
59.5 |
64.0 |
4.5 |
|
0.245 |
68.8 |
DP - 14 - 2012 |
0.9 |
7.5 |
6.6 |
|
- |
171.2 |
including |
0.9 |
4.5 |
3.6 |
|
- |
265.6 |
gold intercepts |
13.5 |
18.0 |
4.5 |
|
0.493 |
5.4 |
gold intercepts |
22.5 |
25.5 |
3.0 |
|
0.245 |
5.6 |
|
61.5 |
66.0 |
4.5 |
|
- |
145.2 |
|
75.0 |
90.0 |
15.0 |
|
- |
92.1 |
including |
79.5 |
82.5 |
3.0 |
|
0.604 |
100.0 |
|
90.0 |
105.0 |
15.0 |
|
0.201 |
43.2 |
DP - 15 -2012 |
1.5 |
7.5 |
6.0 |
|
- |
74.3 |
gold zone with minor silver |
12.0 |
43.5 |
31.5 |
|
0.343 |
6.5 |
Including |
18.0 |
25.5 |
7.5 |
|
0.455 |
- |
and |
27.0 |
31.5 |
4.5 |
|
0.776 |
- |
DP - 16 -2012 |
4.5 |
19.5 |
15.0 |
|
- |
63.4 |
|
27.0 |
33.0 |
6.0 |
|
0.103 |
54.9 |
|
40.5 |
57.0 |
16.5 |
|
0.134 |
149.5 |
including |
51.0 |
52.5 |
1.5 |
|
0.142 |
666.0 |
and |
40.5 |
43.5 |
3.0 |
|
0.167 |
220.0 |
|
66.0 |
69.0 |
3.0 |
|
0.358 |
100.7 |
SOURCE NSX Silver Inc.