Announcement Date: 2022-11-14
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. 591.85m at 6g/t Ag, 1.03g/t Au, 0.11% Pb, 0.18% Zn, 0.07% Cu from 176.25m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BRITISH COLUMBIA – NOVEMBER 14, 2022 – New Pacific Metals Corp. (“New Pacific” or the “Company”) (TSX: NUAG; NYSE American: NEWP), together with its local Bolivian partner, report additional assay results from the 2022 drill program at its Carangas Silver-Gold Project, Oruro Department, Bolivia (the “Carangas Project” or the “Project”). Six new deep drill holes were completed to define the extent of the gold mineralization beneath a shallow silver mineralization zone, which, to date, measures approximately 1,000 metres (“m”) long, 800 m wide, and up to 200 m thick. Detailed results and drill hole specifications are provided in Tables 1 and 2. The Company also completed a 3D Bipole-Dipole IP-MT geophysical survey, which showed a clear correlation between high gold tenors and high chargeability anomalies. This IP signature will help refine gold targets and guide future exploration drilling at Carangas. HIGHLIGHTS Hole DCAr0049: 591.85 m interval (from 176.25 m to 768.1 m) grading 1.03 grams per tonne (“g/t”) gold (“Au”), 6 g/t silver (“Ag”), 0.11 percent (“%”) lead (“Pb”), and 0.18% zinc (“Zn”), including higher grade intervals of 14.64 m
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