new pacific Continues reporting wide drill at Silver
Sand
including an INTERCEPT of 93.5 metres grading
336 grams per tonne Silver within
a broad zone of 165.5 metres grading 204 grams per
tonne Silver
Vancouver, British Columbia – August 27, 2019
– New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX:
NUPMF) (“New Pacific” or the “Company”) is pleased
to announce the assay results of the third batch of
20 drill holes from its wholly-owned Silver Sand
Project located in the Department of Potosí,
Bolivia. The assay results continue to show wide
intervals of silver mineralization.
Since the release of assay results of second batch
of 31 drill holes on August 6, 2019, the Company has
received assay results of an additional 20 drill
holes from Silver Sand Project which were drilled to
infill the drill grid to a density of 25 metres by
25 metres to confirm continuity of mineralization in
selected areas drilled in 2018. Holes were
approximately oriented at azimuths of 60 degrees
with dips of -45 degrees normal to the strike and
dip of mineralized structures. All holes
continuously intercept significant wide silver
mineralization in fractures developed in bleached
quartz sandstones. Drill hole DSS525006 intersected
the mineralized zone of 165.5m @ 204g/t Ag including
a bonanza grade subzone of 45.0m @ 641g/t Ag. The
drill results indicate that high grade centres exist
in broad mineralization.
Highlights of significant drill intersections are
summarized as follows (for a detailed list, please
refer to Table-1 – Composited Drill Intersections
of Mineralization below):
-
Drill
hole DSS522506, 165.5m @ 204g/t Ag from 73.8m to
239.3m,
incl. 93.5m @ 336g/t Ag from 73.8m to
167.3m,
incl. 45.0m @ 641g/t Ag from 116.3m to
161.3m;
-
Drill
hole DSS427501, 75.8m @ 128g/t Ag from 71.1m to
146.9m,
incl. 3.5m @ 746g/t Ag from 71.1m to
74.6m,
incl. 10.3m @ 266g/t Ag from 87.5m to
97.8m,
incl. 11.79m @ 293g/t Ag from 114.7m to
126.49m;
-
Drill
hole DSS4408, 140.71m @ 109g/t Ag from 38.29m to
179.0m,
incl. 14.24m @ 362g/t Ag from 38.29m to
52.53m,
incl. 9.8m @ 548g/t Ag from 134.3m to
144.1m;
-
Drill
hole DSS447502, 68.68m @ 153g/t Ag from 65.5m to
135.18m,
incl. 4.5m @ 1,140g/t Ag from 66.5m to
71.0m,
incl. 3.25m @ 851g/t Ag from 87.75m to
91.0m;
-
Drill
hole DSS5213, 179.9 m @ 88g/t Ag from 61.9m to
241.8m incl. 0.75m mined out,
incl. 17.1m @ 265g/t Ag from 114.9m to
132.0m,
incl. 13.17m @ 339g/t Ag from 173.98m to
187.15m;
-
Drill
hole DSS5214, 109.75m @ 96g/t Ag from 51.6m to
161.35m,
incl. 14.15m @ 250g/t Ag from 54.35m to
68.5m,
incl. 16.5m @ 228g/t Ag from 87.3m to
103.8m;
(True
width of the mineralization is unknown, but based on
the current understanding of the relationship
between drill hole direction and the mineralized
structures it is estimated that true width will
approximate 80% of the down hole interval length.
Please refer to Table-1 – Composited Drill
Intersections of Mineralization below for details.)
To
expedite drilling at Silver Sand, a fourth rig has
arrived on site and has commenced drilling. An
initial NI 43-101 resource estimate is expected by
the end of this year.
Quality Assurance and Quality Control
HQ-size drill core samples from altered and
mineralized intervals were split into halves by
diamond saw, with an average sample length of
between one to one and half metres at the Company’s
core processing facility located in Betanzos, a
small town located 20 kilometres from the project
site. Half core samples are stored in a secure core
storage facility in Betanzos for future reference,
and the other half core samples are shipped in
securely sealed bags to ALS Global in Oruro, Bolivia
for preparation, and ALS Global in Lima, Peru for
geochemical analysis. All samples are first
analyzed by a multi-element ICP package (ALS code
ME-MS41) with ore grade over limits for silver, lead
and zinc further analyzed using ALS code OG46.
Further silver over limits are analyzed by
gravimetric analysis (ALS code of GRA21).
A
standard quality assurance and quality control (“QAQC”)
protocol was employed to monitor the quality of
sample preparation and analysis. Standards of
certified reference materials and blanks were
inserted in normal core sample sequences prior to
shipment to lab at a ratio of 20:1 (i.e., every 20
samples contain at least one standard sample and one
blank sample). Duplicate samples of coarse rejects
at a ratio of 20:1 will be sent to a second
internationally accredited lab for check analysis.
The assay results of QAQC samples of standards and
blanks did not show any significant bias of analysis
or contamination during sample preparation.
Technical information contained in this news release
has been reviewed and approved by Alex Zhang, P.
Geo., Vice President of Exploration, who is a
Qualified Person for the purposes of NI 43-101.
About New Pacific
New
Pacific is a Canadian exploration and development
company which owns the Silver Sand Project in Potosí
Department, Bolivia and the Tagish Lake gold project
in Yukon, Canada. New Pacific has Silvercorp Metals
Inc. (TSX/NYSE American: SVM) and Pan American
Silver Corp. (TSX/NASDAQ: PAAS) as its 28% and 16.8%
shareholders, respectively.
For further information, contact:
New Pacific Metals Corp.
Gordon Neal
President
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com
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the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
INFORMATION
Certain of the statements and information in this
news release constitute “forward-looking
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Forward-looking statements or information are
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This list is not exhaustive of the factors that may
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achievements of the Company or other future events
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under the heading “Risk Factors”. Although the
Company has attempted to identify important factors
that could cause actual results to differ
materially, there may be other factors that cause
results not to be as anticipated, estimated,
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The Company’s forward-looking statements or
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required by applicable securities laws, the Company
does not assume any obligation to update
forward-looking statements or information if
circumstances or management’s assumptions, beliefs,
expectations or opinions should change, or changes
in any other events affecting such statements or
information. For the reasons set forth above,
investors should not place undue reliance on
forward-looking statements or information.
CAUTIONARY NOTE TO US INVESTORS
This news release has been prepared in accordance
with the requirements of NI 43-101 and the Canadian
Institute of Mining, Metallurgy and Petroleum
Definition Standards, which differ from the
requirements of U.S. Securities laws. NI 43-101 is
a rule developed by the Canadian Securities
Administrators that establishes standards for all
public disclosure an issuer makes of scientific and
technical information concerning mineral projects.
