Nova Pacific Metals Corp Stock Price, News & Analysis

Nova Pacific Metals Corp. has provided an update on its Phase 1 exploration drill program at the Lara Volcanogenic Massive Sulphide Project on Vancouver Island. The company has completed 21 out of 39 planned drillholes, totaling 4,953 meters of the 8,500-meter program. A second drill rig has been added to accelerate progress. Seven drillholes have been sampled and sent to ALS Geochemistry, with four prioritized for rush assaying. The program aims to confirm historical drilling data and explore potential mineralization extensions along the Coronation Trend. Visible massive sulphide and sulphide vein mineralization have been identified in drill cores. Additionally, the company granted 650,000 incentive stock options to consultants and advisory board members, exercisable at $0.14 per share for up to five years.

Nova Pacific Metals Corp. (NVPCF) has provided an update on its ongoing 8,500-metre Phase 1 drill program at the Lara VMS Project in British Columbia. The company has completed 14 of 39 planned drill holes, totaling 3,105 meters. Initial visual results show promising massive sulphide mineralization containing sphalerite, galena, chalcopyrite, and pyrite. The project contains a historical resource of 1.15M tonnes indicated (3.01% Zinc, 32.97 g/t Silver, 1.05% Copper) and 669.6K tonnes inferred (2.26% Zinc, 32.99 g/t Silver, 0.90% Copper). Rush assays from the first 4 drillholes are pending, and the company aims to establish a current mineral resource estimate by Q4 2025. The project spans 4,671 hectares with potential for additional mineralized zones beyond the main Coronation Trend.

Nova Pacific Metals (NVPCF) has initiated its Phase 1 diamond drill program at the Lara VMS Project on Vancouver Island, British Columbia. The project spans 4,671 hectares across 19 mineral claims and includes the Coronation Trend, which has historically been tested with over 58,000 metres of drilling in 323 holes.

Additionally, the company announced a leadership transition with founder Sam Eskandari appointed as CEO, replacing retiring J. Malcolm Bell, who will continue as Chairman of the Advisory Board. The drilling program aims to verify historical drilling data and support an updated Mineral Resource Estimate, following recommendations from a July 2024 NI 43-101 Technical Report.

The project features six additional underexplored mineralized zones beyond the Coronation Trend, suggesting significant exploration potential. The company maintains active engagement with First Nations communities to ensure local support and collaboration.

Nova Pacific Metals (NVPCF) has appointed Zachary Kotowych to its Board of Directors. Kotowych brings nearly a decade of experience in mining and capital markets, currently serving as CEO of Troubadour Resources. His background includes corporate development roles at Abitibi Metals Corp. and equity research positions at Haywood Securities and Red Cloud Securities. He holds an M.Sc. in Geophysics and B.Sc. in Mathematics and Geology from the University of Toronto.

Additionally, the company announced the extension of 7,410,000 share purchase warrants' expiry date from May 31, 2025, to May 31, 2026. These warrants, originally issued on May 31, 2021, are exercisable at $0.40 per share.

Nova Pacific Metals Corp. (NVPCF) has announced the commencement of its Phase 1 diamond drill program at the Lara Volcanogenic Massive Sulfide (VMS) Project on Vancouver Island, British Columbia in early May 2025. The program includes 39 holes over 8,500 metres of drilling along the Coronation Trend.

The Lara Project spans 4,671 hectares and contains a historical resource estimate of 1,146,700 tonnes at 3.01% Zn, 32.97 g/t Ag, 1.05% Cu, 0.58% Pb and 1.97g/t Au, plus an inferred resource of 669,600 tonnes at 2.26% Zn, 32.99 g/t Ag, 0.90% Cu, 0.44% Pb and 1.90 g/t Au. The project features three mineralized zones along the Coronation Trend and six additional underexplored zones.

Nova Pacific Metals (NVPCF) has secured a drilling permit from the British Columbia Ministry of Mining for its Lara VMS Project on Vancouver Island. The permit allows for a 10,000-meter diamond drill program comprising 50 drill holes, aimed at confirming historical mineral resources and completing an updated Mineral Resource Estimate (MRE) by September.

The Lara deposit, classified as Kuroko-type VMS, contains three mineralized zones along the Coronation Trend spanning 1.5 kilometers. Historical resource estimates at 1% zinc cut-off indicate 1,146,700 tonnes in the Indicated category with 3.01% zinc, 32.97 g/t silver, 1.05% copper, 0.58% lead, and 1.97 g/t gold. At 2% zinc cut-off, Indicated resources show 428,600 tonnes with higher grades of 5.65% zinc, 47.04 g/t silver, 2.25% copper, 1.18% lead, and 2.39 g/t gold.

The company recently completed a flow-through financing of $2,640,540 to support the project's advancement. Tripoint Geological Services will manage the drill program, which builds upon previous work including 50,000m of historical drilling and 650m of preproduction underground development.

Nova Pacific Metals (NVPCF) has expanded its Lara Project by staking two additional claims (B&B 4 and 5) totaling 912.38 hectares. The expansion extends the company's control of highly prospective stratigraphy to 17 kilometers along the McLaughlin Ridge Formation, host to the Lara VMS deposit.

Historical exploration data reveals significant findings in the newly acquired area, including samples with up to 2.34 g/t Au and 2.000% Cu. The company has submitted a drill permit application for up to 10,000 meters in 50 diamond drill holes, with recent completion of a flow-through financing of $2,640,540 to fully fund the program.

Nova Pacific aims to establish an updated Mineral Resource Estimate by mid-summer, focusing initially on drill confirmation of the Lara deposit while developing targets for future drill programs.

Nova Pacific Metals (NVPCF) has announced promising confirmation sampling results from the Anita zone, an extension of its flagship Lara Project on Vancouver Island, British Columbia. Surface grab samples revealed significant mineralization with values of 3.28 g/t Au, 418 g/t Ag, and 4.77% Cu.

The company reports higher copper grades at Anita compared to the Lara deposit, with similar gold and silver values to the Coronation Zone. These results confirm historical findings from Falconbridge in the 1980s.

Future exploration plans include a 10,000m targeted drilling program, geophysical and geochemical surveys, and initial metallurgical studies. The company aims to delineate mineralization extent and identify new areas of interest at the Lara Project.

Nova Pacific Metals Corp (CSE: NVPC) (OTCQB: NVPCF) has announced its participation in Red Cloud's 13th Annual Pre-PDAC Mining Showcase, scheduled for February 27 & 28, 2025, at The Omni King Edward Hotel in Toronto.

The conference will feature presentations from over 80 companies and facilitate more than 600 one-on-one meetings. The event includes exclusive keynote speeches from leading figures in mining and finance, providing networking and industry insight opportunities.