Announcement Date: 2022-08-08
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: New Pacific Metals Corp.
Project name: Carangas
Location: Bolivia
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 514.85m @ 6g/t Ag, 1.1g/t Au, 0.02% Pb, 0.04% Zn, 0.07% Cu from 266.35m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BRITISH COLUMBIA – AUGUST 8, 2022 – New Pacific Metals Corp. (“New Pacific” or the “Company”) (TSX: NUAG; NYSE American: NEWP), together with its local Bolivian partner, report assay results for another seven drill holes of the 2022 drill program at the Carangas Silver-Gold Project, Oruro Department, Bolivia (the “Carangas Project” or the “Project”). Assay results of drill intercepts are summarized in Table 1 with drill hole specifications provided in Table 2 that has been plotted in Figure 1. The assay results reported here continue to expand silver and gold mineralization for the Carangas project, where near surface silver horizons are stacked over a broad bulk gold mineralization. To date in 2022, 21,980 meters (“m”) in 43 drill holes have been completed at Carangas. Assay results for the twelve drill holes from the 2022 drilling program have now been received and released with the first five holes released on July 13, 2022. The results for the remaining 31 holes are pending. The 2022 drill program is currently advancing well with five drill rigs.
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