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New Pacific Metals Corp. reports developments for a Canadian exploration and development company focused on precious metals projects in Bolivia. Its recurring updates center on the Silver Sand silver project in Potosí and the Carangas silver-gold project in Oruro, including permitting activity, community agreements, project work plans, mineral-property spending and Bolivian mining context.
The company also reports interim financial results, bought deal financing activity, annual shareholder meeting results, board and executive appointments, and other governance matters. Its common shares trade on the TSX under NUAG and on the NYSE American under NEWP.
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New Pacific Metals Corp. (TSX: NUAG, NYSE American: NEWP) announced assay results from the final 29 drill holes of its 2022 program at the Carangas Silver-Gold Project in Bolivia. All 115 holes drilled in 2022 have now been reported. Notable results include deep holes showing a gold interval of 306.95 m grading 1.2 g/t Au and 26 g/t Ag. Shallow holes confirmed near-surface silver mineralization, with significant intervals of up to 110.15 m grading 136 g/t Ag. The Company is nearing completion of a 15,000 m drill program, with resource estimation expected in Q2 2023. Additionally, an expanded IP survey revealed multiple chargeability anomalies, indicating further drill targets beyond the current drilling area.
New Pacific Metals Corp. (NYSE American: NEWP) announced updates on its three precious metal projects in Bolivia as of March 15, 2023. The Silver Sand Project is progressing with plans to complete a pre-feasibility study and secure an Environmental Impact Statement from the Bolivian Ministry. The Carangas Project is on schedule for a 15,000-meter drill program by March's end, with the first mineral resource estimate expected by mid-2023. However, exploration at the Silverstrike Project has been paused to prioritize Silver Sand and Carangas. A preliminary economic assessment reported a post-tax NPV of US$726 million for Silver Sand, alongside a 39% IRR, indicating strong economic viability.
New Pacific Metals Corp. (NEWP) has announced significant drill results from hole DCAr0096 at the Carangas Silver-Gold Project in Bolivia. Assay results reveal a substantial silver horizon with intervals of 94 g/t Ag and a notable gold zone with 524 m grading 1.24 g/t Au and 8 g/t Ag. The findings indicate high-grade gold associated with rhyolite intrusions, extending mineralization 60 m northeast from previous drilling. A total of 86 out of 115 holes drilled in 2022 have been analyzed, with future drilling planned to further explore gold mineralization. The company emphasizes stringent QA/QC protocols for the exploration program.