First Exploration In More Than 100 Years At Historic Belmont Silver Camp

TORONTO - Nevada Silver Corporation (NSC) reported on exploration activities at the Belmont Silver project in Nevada. NSC controls patented and unpatented claims covering numerous historic silver mines located near the town of Belmont, 15 kilometers southwest of the Corcoran Silver Project and 80 kilometers northeast of Tonopah in central Nevada. NSC's Belmont Silver Project (BSP) and North Belmont Silver Project (NBSP) include the majority of old silver mine workings of the Belmont Silver Camp (BSC) peripheral to the historic Belmont ‘ghost' town. During peak activity between 1865 and 1889 the BSC dominated Nye County's silver production before declining silver prices and increasing costs of dewatering forced most to close.

NSC has secured Falcon Drilling Inc. to undertake drill testing of prioritized silver-sulphide targets defined by the mapping and geophysical surveys as well as detailed in the accounts of past mining activities. Targets will include near-surface, silver-quartz veins and shallow sulphide anomalies which were not identified by early miners because of poor outcrop and widespread overburden. Drilling is expected to commence in May.