Announcement Date: 2023-05-30
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. 205.60m at 123g/t Ag, 0.02g/t Au, 0.44% Pb, 0.84% Zn, 0.02% Cu from 76.80m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BRITISH COLUMBIA – MAY 30, 2023 – New Pacific Metals Corp. (“New Pacific” or the “Company”) (TSX: NUAG; NYSE American: NEWP), together with its local Bolivian partner, reports assay results of the first 21 drill holes from its 2023 Q1 drill program at its Carangas SilverGold Project, Oruro Department, Bolivia (the “Carangas Project” or the “Project”). Detailed results and drill hole specifications are listed in Tables 1 and 2, and Figure 1. The 2023 Q1 drilling was a continuation of the 2022 drilling campaign at the Carangas Project. It was originally budgeted as 15,000 meters of diamond core drilling, infilling areas drilled in 2021- 2022 and stepping out beyond these previously drilled areas. This drilling program started on schedule in January 2023 and was expanded based on encouraging results and is now complete. A total of 17,623 meters in 39 holes was drilled up to the end of April 2023. Each of the 39 holes intersected mineralization. To date, assay results of the first 21 holes have been received with the remaining holes pending.
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