Nova Pacific Metals Corp Stock Price, News & Analysis

Nova Pacific Metals (NVPCF) has reported complete results from its backpack drilling program at the Lara Project on Vancouver Island, British Columbia. The program comprised six BQ-sized holes totaling 18.11 meters. Notable results include:

- Hole 24BP05: 2.2m @ 21.7 g/t Au, 418 g/t Ag, 48.12% Zn, 4.59% Pb, and 2.67% Cu
- Hole 24BP03: 0.9m intersection with 52.76% Zn

The results confirm the high-grade nature of the massive sulphide lens previously exposed in Trench 86-43. The company plans to continue evaluating these results in preparation for an upcoming drill program scheduled for early next year. Additionally, Nova Pacific announced the termination of its agreement with Native Ads Inc. and a new marketing agreement with Stockwire Inc. worth USD$550,000.

Nova Pacific Metals has announced initial results from a backpack drilling program at its Lara Project on Vancouver Island. The first hole (24BP01) yielded exceptional results over 3.0m, including 11.67 g/t Gold, 373 g/t Silver, 21.33% Zinc, 4.23% Lead, and 1.75% Copper. The second hole (24BP02) intersected massive sulphides in its first 0.9m, returning 3.16 g/t Au, 462 g/t Ag, 46.03% Zn, 7.54% Pb, and 2.13% Cu. Results from four additional holes are pending. The company plans a larger 40-hole drilling program pending permits.

Nova Pacific Metals reports on the history and revitalization plans for its Lara VMS deposit located on Vancouver Island, British Columbia. The deposit, discovered in 1984, showed significant historical drilling results, including a high-grade trend averaging 6.80 g/t gold, 189.94 g/t silver, 14.9% zinc, 1.5% copper, and 3.1% lead. The company's revitalization plan includes confirmation sampling, a 40-hole diamond drilling program, First Nations consultation, and mineral resource estimate preparation. Nova Pacific has also engaged Kingfisher Consulting for European marketing services for €60,000 over three months starting December 2024.

Nova Pacific Metals has entered into an option agreement to acquire 100% ownership of the Anita Property, comprising 9 mineral tenures spanning 658 hectares adjacent to their flagship Lara Project on Vancouver Island, BC. The property contains polymetallic massive sulphide mineralization traced over 2.5 km through 56 drill holes, with high-grade samples showing up to 2.30% Cu, 3.66% Zn, 0.49% Pb, 73.4 g/t Ag & 1.9 g/t Au across 4.8m. The acquisition terms include staged payments totaling $120,000 plus shares over two years, with an annual pre-production royalty of $30,000 starting 2029.

Nova Pacific Metals is preparing for a proposed 2025 exploration program at its Lara VMS Project near Duncan, BC. The company has submitted a permit application for a 40-hole infill drill program and paid an $11,000 reclamation bond. The program aims to confirm historical drill results and support an updated mineral resource estimate. The property, accessible via logging roads, has been previously explored with approximately 470 drill holes, with 180 holes testing the significant Coronation Zone. The company plans to conduct engineering studies, update environmental baseline studies, and commission a Preliminary Economic Assessment once drilling is completed.

Nova Pacific Metals Corp. (NVPCF) has announced the completion of an Archaeology Preliminary Field Reconnaissance (PFR) report for its Lara VMS property near Duncan, BC. The assessment, conducted by Context Archaeology Consulting with Cowichan First Nations representatives, concluded that the area has low archaeological potential, requiring no further archaeological studies. The company has submitted the report to the Ministry of Energy, Mines and Low Carbon Innovation. Additionally, Nova Pacific has entered into marketing agreements with Native Ads Inc. for US$260,000 over six months and Alphai News Corp. for $75,000 over three months to execute digital marketing campaigns.

Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) has engaged Mineit Consulting Inc. and Sacré-Davey Engineering Inc. to conduct a comprehensive analysis of its Lara polymetallic volcanogenic massive sulfide (VMS) property. The project aims to analyze data from 323 drill holes, create a geological model, and design an exploration program to increase tonnage and grade of the Lara Project resource.

The project will be carried out in two phases, with the first phase including a review of existing data, recommendations for improving the mineral resource estimate, and identification of areas for additional exploration drilling. Up to 40 new drill hole locations will be recommended to further identify the deposit's potential.

Nova Pacific has also announced that it will not renew the claims for its Deer Musk West lithium project in Nevada, making the Lara Project its sole property. The company intends to focus all its efforts and resources on advancing the Lara Project.

Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) has appointed geoscientist David Mark, P. Geo., as a director of the Company. Mr. Mark brings over 56 years of experience in mining exploration, geotechnical, and environmental geophysics. He is currently the head of Geotronics Consulting Inc., which offers various services including seismic surveys, induced polarisation, and project management.

CEO Malcolm Bell expressed excitement about Mark's addition to the Board, citing his expertise in the mineral exploration sector. David Mark believes he can contribute significantly to the exploration and development of the Lara Project, which he considers analogous to the notable Myra Falls deposit. In connection with the appointment, Nova Pacific granted Mr. Mark 125,000 incentive stock options, exercisable at $0.37 per share for five years.

Nova Pacific Metals has announced a non-brokered private placement to raise up to $2,000,000. This offering involves issuing up to 8,000,000 units at $0.25 per unit, each consisting of one common share and one warrant. Each warrant allows purchase of an additional share at $0.40 within two years. An acceleration clause is included, enabling Nova Pacific to shorten the exercise period if shares trade at or above $0.90 for 10 consecutive days. CEO J. Malcolm Bell noted that funds will support an infill drilling program for the Lara project, potentially leading to a prefeasibility study. Proceeds will also be used for general purposes and working capital. Securities are subject to a four-month statutory hold period. Finder's fees up to 8% and broker warrants may be issued.