| Announcement Date: | 2022-05-31 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | New Pacific Metals Corp. |
| Project name: | Silver Sand |
| Location: | Bolivia |
| Commodities: | Silver,Lead,Zinc |
| Highlight: | Drilling results incl. 60.48m @ 236g/t Ag, 0.13% Pb, 0.02% Zn from 82.1m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | VANCOUVER, BRITISH COLUMBIA – MAY 31, 2022 – New Pacific Metals Corp. (“New Pacific” or the “Company”) (TSX: NUAG; NYSE American: NEWP) is pleased to announce the assay results of additional 20 holes from the 2022 drill programs at the Silver Sand Project as part of its 15,000 metres (“m”) resource infill and step-out drilling for a mineral resource estimate update. An expanded program of total 21,309 m in 94 holes have been completed so far in 2022. The assay results for the remaining 59 drill holes are pending. Assay results for the 20 drill holes are summarized in Table 1 and hole specifications are presented in Table 2. Drill hole DSS646001 intersected an interval of 60.48 m grading 236 grams per tonne (“g/t”) silver (“Ag”) from 82.10 m to 142.58 m, including 6.45 m grading 1,423 g/t Ag from 103.25 m to 109.7 m. This is an infill hole drilled in the southern portion of the deposit which confirmed the continuity of high-grade mineralization in the core area of Silver Sand. An aggregate of 9.6 m of historical mining voids were intersected in this hole. |
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