Nova Pacific Metals Continues to Report Promising Results from Phase 1 Drilling at the Lara VMS Project

Rhea-AI Summary

Nova Pacific Metals (OTCQB: NVPCF) has announced promising results from its Phase 1 drilling program at the Lara VMS Project. Key highlights include intersections of 6.0 meters grading 1.42 g/t AuEq (3.56% ZnEq) and 5.0 meters grading 0.65 g/t AuEq (1.70% ZnEq).

The company has completed 36 holes (8,660 meters) in Phase 1, with results received from 29 holes and 7 remaining pending. Nova Pacific is targeting a mineral resource estimate for the Coronation area in Q4/2025. The project spans a 17-kilometer belt of the McLaughlin Ridge Formation, the same volcanic sequence hosting the past-producing Myra Falls VMS Mine.

The company is also advancing compilation and digitization of historical data to evaluate additional mineralized zones beyond Coronation across their 47 square kilometer property.

Positive

• None.

Negative

• Step-out hole NP25-038 did not intersect any significant intervals
• Project still in early exploration phase without defined resource

Highlights Include 6 m Grading 1.42 g/t AuEq (3.56% ZnEq)

Vancouver, British Columbia--(Newsfile Corp. - September 11, 2025) - Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) (FSE: YQ10) (WKN: A40GFH) ("Nova Pacific" or the "Company") is pleased to report new assay results from three drillholes (907 metres) completed during its 8,660-metre Phase 1 drill program at the Coronation area of the Lara VMS Project. The Lara Project spans a 17-kilometre belt of the McLaughlin Ridge Formation, the same volcanic sequence that hosts the past-producing Myra Falls VMS Mine, a long-life operation located 140 km to the northwest.

Phase 1 drilling at Coronation continues to deliver results that support key aspects of Nova Pacific's exploration model and support the mineral resource estimate targeted for Q4/2025.

Key Highlights:

• NP25-039 intersected 5.0 m grading 0.65 g/t AuEq or 1.70% ZnEq (0.27 g/t Au, 0.53% Zn, 10.8 g/t Ag, 0.07% Cu, 0.15% Pb) from 183 m downhole.

• NP25-040 intersected 6.0 m grading 1.42 g/t AuEq or 3.56% ZnEq (0.77 g/t Au, 0.71% Zn, 7.5 g/t Ag, 0.32% Cu, 0.04% Pb) from 149.0 m downhole.

• Step-out hole NP25-038 did not intersect any significant intervals, although numerous short (<2 m) intervals were enriched in copper (up to 1.71% Cu).
  
  (All intervals are downhole lengths. True width is estimated between 75% and 89%, based upon historical data. AuEq and ZnEq are provided for illustrative purposes only. See Table 1, footnote 4 for calculation parameters.)

• 36 holes were completed in Phase 1 (8,660 m). Results from 29 holes (6,342 m) have been received; 7 holes (2,228 m) remain pending.

• Mineral resource estimate for Coronation is targeted for Q4/2025.

• Compilation and digitization of Lara's historical information and data set underway to support evaluation of mineralized zones beyond Coronation.

Nova Pacific's CEO, Sam Eskandari, stated, "With the remaining results from the Phase 1 exploration program expected shortly, we remain on track to deliver a mineral resource targeted for Q4. In addition, the compilation and digitization of Lara's historical data will support our team in evaluating additional zones across our 17-kilometre-long land package, positioning the project for growth beyond Coronation."

Summary of Drill Results:

Assay results to date have been generally consistent with, or better than, historical drilling in previously tested portions of the Coronation deposit. This provides encouraging support for the verification of the historical dataset. In addition, the program continues to yield valuable geological information that will refine the Company's interpretation, expand knowledge of the mineralized zones, and identify opportunities for potential mineralized extensions.

Two of the drillholes reported in this release (summarized in Tables 1 and 2) were drilled from section line W2 identified in Figures 1, 2, and 3, to evaluate mineralization beneath drillholes NP25-008 and 010 on the western end of the Coronation Zone. Both drillholes encountered the Coronation Zone at locations and grades consistent with nearby historical drilling. Hole NP25-038 is a step-out hole on the eastern side of the Coronation Zone, targeting a prospective down-plunge extension to historical mineralization in the Company's exploration model. The following provides context on the objectives and results for each hole within this target area:

Section W2

• NP25-039: Intersected the Coronation Zone near the anticipated downhole position, with true width and grades consistent with nearby historical drilling: 5 m grading 0.65 g/t AuEq (1.70% ZnEq) from 183 m downhole in strongly altered rhyodacite hosting disseminated to wispy chalcopyrite. Two additional 2 m significant intervals associated with shearing and quartz veining were intersected between 133 and 141 m downhole.

• NP25-040: Intersected the Coronation Zone near the anticipated downhole position, with true width and grades slightly exceeding expectations: 6 m grading 1.42 g/t AuEq (3.56% ZnEq) from 149 m downhole in strongly altered rhyodacite hosting semi-massive bands of chalcopyrite. An additional 2 m interval hosting disseminated galena, sphalerite and chalcopyrite associated with fractures/veinlets from 95 m downhole.

NP25-038: This step-out hole, drilled from the eastern side of the Coronation Zone and targeting a prospective down plunge extension to historical mineralization in the Company's exploration model, did not encounter any significant intersections. It did, however, encounter consistently favourable alteration and numerous short intervals (<2 m) hosting disseminated chalcopyrite ±sphalerite mineralization and as a result, was extended beyond its planned target depth. One such interval returned 1.71% copper over 1 m from 424.65 m downhole.

NP25-040. Photo of significant interval 149-155 m (note: interval 149-150, in previous box, not shown).

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Advancing Lara's Regional Exploration Potential Through Evaluation of Additional Targets

Coronation is just one of several high-priority targets within Nova Pacific's 17-kilometre VMS belt on Vancouver Island. The belt lies within the prospective McLaughlin Ridge Formation, a correlative volcanic sequence that hosts the past-producing Myra Falls VMS Mine and remains underexplored despite favourable geology and nearby infrastructure. The Lara Project spans 19 mineral claims covering 47 square kilometres, with an unverified historical dataset that includes 323 drillholes totalling 58,262 m of drilling.

In addition to drilling at Coronation, the Company has compiled the historical dataset and is now organizing and digitizing the most relevant portions to better understand the existing work and guide future exploration across the Lara Project. This process will help refine field programs planned for later this year and next, including mapping, systematic sampling, and target generation across the broader property.

Although the Coronation area has attracted most of the historical work, Nova Pacific has begun evaluating other mineralized zones across the property, many of which contain historical drill holes. These zones are largely untested and form a key part of the Company's strategy to define resources at the Lara Project beyond the Coronation area. Field programs, including mapping, systematic sampling, and historical data compilation, will be used to refine targets and support future drilling. The potential for lens stacking and stratigraphic clustering, characteristic of VMS camps, further strengthens the broader exploration thesis.

Sampling, Quality Assurance and Quality Control

All drill core is logged by a geologist, photographed, and cut in half at Nova Pacific's core facility near Nanaimo, British Columbia. One half of the core is bagged and sent to ALS Canada Ltd. (ALS) in North Vancouver for analysis, while the other half is retained on site as a witness sample. ALS North Vancouver is ISO/IEC 17025 accredited, and all samples are analyzed using industry-standard fire assay, multi-element ICP methods following four-acid digestion, and, where applicable, overlimit assays for high-grade. In addition to the laboratory's QA/QC practices, certified reference materials, blanks, and duplicates are inserted into the sample stream at regular intervals to monitor analytical accuracy. Only results that meet Nova Pacific's QA/QC protocols are reported.

Qualified Person

The pertinent scientific and technical information contained in this news release has been reviewed and approved by David Nelles, P.Geo., Jeremy Link, M.Eng., P.Eng., and Greg Mosher, M.Sc., P.Geo. of Mineit Consulting Inc., each of whom is a consultant of the Company and a "qualified person" as defined by NI 43-101. Exploration and technical programs at the Lara Project are managed by Mr. Link and Darcy Vis, P.Geo., of Tripoint Geological Services Ltd.

Rights of Indigenous Communities Statement

Nova Pacific Metals recognizes the inherent Rights of all Indigenous Peoples of Canada and is committed to early, meaningful, and respectful engagement with First Nations communities. The Company acknowledges that its Lara Project is located on the Traditional, Ancestral, and Unceded Territories of the Hul'qumi'num Treaty Group, a politically unified group representing six Hul'qumi'num-speaking First Nations: Cowichan, Stz'uminus, Penelakut, Lyackson, Halalt, and Lake Cowichan.

Nova Pacific pursues early consultation and meaningful engagement with First Nations communities to ensure that the Company's mineral exploration and development activities are aligned with local priorities, values, and cultural protocols, while optimizing opportunities for collaboration. In particular, the Company seeks to establish mutually beneficial partnerships with Indigenous groups within whose traditional territories the Company's projects are located. All work programs are carefully planned to achieve high levels of environmental and social performance, while advancing reconciliation and economic opportunities within Indigenous communities.

About Nova Pacific

Nova Pacific Metals Corp. is a Canadian exploration and development company advancing the Lara Volcanogenic Massive Sulfide (VMS) Project on Vancouver Island, British Columbia. The Company has an option to acquire a 100% interest in the Lara Project, which hosts a historical mineral resource enriched with critical and precious metals and is strategically located near key infrastructure. Nova Pacific's strategy includes verification and exploration drilling to support a current mineral resource, with additional technical and exploration studies under consideration. The Company is committed to creating value for its shareholders while supporting environmental responsibility and strong community relationships.

For additional information please visit: www.novapacificmetals.com

On behalf of the Board of Directors

Sam Eskandari, CEO

For investor inquiries, or for further information, please contact:

Nova Pacific Metals Corp.

info@novapacificmetals.com

+1-416-918-6785

The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.

Forward-Looking Information

Certain statements contained in this news release may constitute forward‐looking information including, without limitation, statements regarding the Company's exploration plans. Forward‐looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. The Company's actual results could differ materially from those anticipated in this forward‐looking information.

Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans; statements regarding exploration results, potential mineralization, the potential to expand mineralization, including through step-out drilling targeting down-plunge extensions, or verification of historical drilling results; the success of the new structural interpretation in guiding exploration and identifying new mineralization; the Company's plans to execute and complete its Phase 1 exploration program including the completion of a current mineral resource estimate; statements regarding compilation, organization, and digitization of historical datasets; expectations that such datasets can be relied upon and will meaningfully contribute to future exploration targeting; statements regarding field programs planned for later this year and next; exploration and mine development plans; statements regarding regional exploration potential and the ability to develop exploration targets, drill targets, and define resources; the establishment of mutually beneficial partnerships with Indigenous communities; and the timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to intersect potentially economic intervals of mineralization; uncertainties related to the geological continuity, potential mineralization, and extent of down-plunge mineralization, which may not yield economically viable results; uncertainties in the accuracy of the new structural model, which may not accurately predict mineralization locations or continuity; additional mineralized zones may not contain economically viable mineralization due to geological complexity or insufficient drilling data; risks that historical drilling data may be incomplete, inaccurate, or insufficient to support a current mineral resource estimate; risks that the compilation, organization, or digitization of historical datasets may not be completed in a timely manner or may not provide useful information; risks that field programs referenced in this release may be reduced, delayed, or may not proceed at all; delays in assay processing or data validation issues; failure to identify mineral resources; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; inability to fulfill the duty to accommodate First Nations and other Indigenous peoples; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates; and the other risks involved in the mineral exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. 

Table 1: Lara VMS Project - Coronation area assay results in this release

Drillhole ID	From (m)	To (m)	Interval (m)	True Width (m)	AuEq (g/t)	ZnEq (%)	Au (g/t)	Zn (%)	Ag (g/t)	Cu (%)	Pb (%)	Section Line
NP25-038	No Significant Intervals
NP25-039	133	135	2	1.67	0.69	1.64	0.39	0.07	26.0	0.01	0.02	W2
and	139	141	2	1.67	0.62	1.42	0.50	0.05	9.0	0.01	0.03
and	183	188	5	4.19	0.65	1.70	0.27	0.53	10.8	0.07	0.15
NP25-040	95	97	2	1.77	0.64	1.64	0.21	0.33	19.0	0.07	0.25	W2
and	149	155	6	4.47	1.42	3.56	0.77	0.71	7.5	0.32	0.04

 

1. Intervals are reported over a minimum downhole length of 2 m at a minimum length-weighted grade of 0.5 g/t AuEq, allowing for up to 2 m of consecutive internal dilution below cut-off.
2. High-grade intercepts reported as any continuous interval with grades greater than 10 g/t AuEq. No assays were capped.
3. Interval refers to down-hole lengths. True width ("TW") is estimated to be 75% to 89% of interval based upon historical drilling data.
4. AuEq (gold equivalent) and ZnEq (zinc equivalent) values are provided for illustrative purposes. AuEq and ZnEq combine gold, zinc, silver, copper, and lead, with contributions from secondary metals calculated net of assumed metallurgical recoveries using deposit-average recovery value assumptions provided by Mineit Consulting Inc. of 86% for gold, 73% for zinc, 84% for silver, 95% for copper, and 96% for lead. Metal prices reflect three-year trailing averages of $2,200/oz gold, $1.25/lb Zn, $25.50/oz silver, $3.95/lb copper, and $0.95/lb lead. The resultant AuEq formula is AuEq [g/t] = Au [g/t] + 1.168 × Cu [%] + 0.285 × Pb [%] + 0.285 × Zn [%] + 0.0097 × Ag [g/t]. The resulting ZnEq formula is ZnEq [%] = Zn [%] + 1.223 × Cu [%] + 0.391 × Pb [%] + 0.034 × Au [g/t] + 0.0077 × Ag [g/t].

Table 2: Lara VMS Project - Drillhole collars reported in this release (EPSG:3157)

Drillhole	Easting	Northing	Length	Azimuth	Dip	Elevation	Line	Goal
ID	(m)	(m)	(m)	(°)	(°)
NP25-038	434074	5414807	552	205	-83	680		Step-out hole to test for down-plunge extension
NP25-039	433403	5415037	194	210	-65	654W2	W2	Fill-in hole between holes NP25-008 and 010
NP25-040	433444	5415007	161	210	-60	649W2	W2	Fill-in hole between holes NP25-008 and 010

 

Figure 1: Lara VMS Project - Coronation area Phase 1 drillhole locations

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Figure 2: Lara VMS Project - Section W2 drillholes reported in this news release

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Figure 3: Lara VMS Project - Geological section W2 looking N030°

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265976

FAQ

What are the latest drilling results from Nova Pacific Metals (NVPCF) at the Lara Project?

The latest results include 6.0 meters grading 1.42 g/t AuEq (3.56% ZnEq) from hole NP25-040 and 5.0 meters grading 0.65 g/t AuEq (1.70% ZnEq) from hole NP25-039.

When will Nova Pacific Metals release its mineral resource estimate for the Coronation deposit?

Nova Pacific is targeting the release of the mineral resource estimate for the Coronation deposit in Q4/2025.

How many drill holes has Nova Pacific completed in Phase 1 at the Lara Project?

Nova Pacific has completed 36 holes totaling 8,660 meters, with results received from 29 holes and 7 holes pending.

What is the size of Nova Pacific's Lara VMS Project?

The Lara Project spans 19 mineral claims covering 47 square kilometers along a 17-kilometer belt of the McLaughlin Ridge Formation.

How does the Lara Project compare to nearby mines?

The Lara Project is located in the same volcanic sequence (McLaughlin Ridge Formation) that hosts the past-producing Myra Falls VMS Mine, located 140 km to the northwest.