NSX Silver (NSY.V) has announced new drill results from their 100%owned Dios Padre exploration program to the market. The company drilled 17 holes for a total of 3,220 meters and is currently reporting on 16 of those.
Of interest are the 26.6 meter intercept of 107.4g/t Ag starting at surface and 41 meters at an average grade of 288g/t silver (which is in excess of 9 oz/ton) including 2.5 meters at almost 1.5 kilos of silver per ton (almost 48 ounces of silver per ton of ore).
These drill results are extremely encouraging and obviously warrant further drilling. NSX Silver seems to have hit the sweet spot at their Dios Padre project now and we’re very curious what 2013 will bring in terms of further exploration results. As NSX Silver currently has a marketcap of $2.3M, this company might be a good silver exploration bet if you believe the silver price will go up again.
Disclosure: The author holds a long position in NSX Silver Inc. Please see our disclaimer for current positions.
