VANCOUVER, BC, Sept. 19,
2022 /CNW/ - New Pacific Metals Corp. ("New Pacific"
or the "Company") (TSX: NUAG)
(NYSE American: NEWP) is pleased to announce
the assay results of the final 53 drill
holes from the 2022
resource infill and step-out drilling program
completed at the Silver Sand Project. All assays from
the 2022 drill program have now been received, and a mineral
resource estimate update with all drill hole data is expected to be
completed by October 2022. In
addition, Silver Sand's maiden Preliminary Economic Assessment
("PEA") report is on track for completion by the end of 2022 as
planned (please refer to the Company's new release on February 8, 2022).
The 2022 drill program of 19,323 metres in 86
drill holes, together with those holes drilled in 2021, intended to
expand and improve the confidence in the geological model and
Mineral Resource Estimate released in April
2020 and to be used for the PEA. Assay results for the
first 33 holes were released on April 6,
2022, and May 31, 2002. Assay
results for the final 53 drill holes are
summarized in Table 1 with drill
hole specifications given in Table 2.
HIGHLIGHTS
- Step-out Drill hole
DSS582501 intersected an interval of 44.77 m grading 214 grams per tonne
("g/t") silver ("Ag") from 30.57 m to 75.34 m, and an
interval of 25.04 m grading 143
g/t Ag from 151.46 to 176.50
m.
- Step-out Drill hole DSS542505 intersected an
interval of 34.25 m grading 121 g/t
Ag from 33.90 m to 68.15 m, including 5.57
m grading 428 g/t Ag from 37.85
m to 43.42 m.
- Step-out Drill hole DSS325001
intersected an interval of 7.64
m grading 448 g/t Ag from 147.66 m to
155.30 m, and an interval of
19.76 m grading 150 g/t Ag from
163.00 m to 182.76 m.
- Step-out Drill hole DSS305002
intersected an interval of 16.00 m
grading 315 g/t Ag from 7.83 m to
23.83 m.
- Step-out Drill hole
DSS687502 intersected an interval of
16.66 m grading 147 g/t Ag from 26.87 m to 43.53 m, and multiple narrow
mineralized intervals at depth.
- Step-out Drill hole
DSS7002 intersected an interval of 15.26 m
grading 285 g/t Ag from 25.28
m to 40.54 m, and multiple narrow mineralized intervals
at depth.
- Infill Drill
hole DSS542507 intersected an interval of 20.86 m grading 108 g/t Ag from 9.06
m to 29.92 m.
- Infill Drill hole
DSS545015 intersected an interval of 30.60 m grading 119 g/t Ag from 94.82 m to 125.42
m.
- Infill
Drill hole DSS5427 intersected an
interval of 36.08 m grading 210 g/t
Ag from 131.68 m to 167.76 m This infill hole was drilled
in the core area
of Silver Sand deposit
and confirmed the continuity of high-grade mineralization.
- Infill Drill hole DSS702501
intersected an interval of 54.19 m
grading 132 g/t Ag from 84.90 m to
139.09 m.
- Infill Drill hole DSS547504
intersected an interval of 95.22 m
grading 106 g/t Ag from 49.68 m to
144.90 m.
- Infill Drill hole
DSS685002 intersected an interval of
31.30 m grading 171 g/t Ag from 11.66 m to 42.96 m,
including 14.71 m grading 298 g/t Ag from 26.75
m to 41.46 m, and multiple narrow mineralized
intervals at depth.
- Infill Drill hole
DSS487505 intersected an interval of
19.48 m grading 337 g/t Ag from 32.45 m to 51.93 m,
including 8.63 m grading 715 g/t Ag from 38.53
m to 47.16 m, and multiple narrow mineralized intervals
at depth.
- Infill Drill Hole DSS502506 intersected an
interval of 17.11 m grading 144 g/t
Ag from 22.5 m to 39.61 m, an interval of 19.2 m grading 409 g/t Ag from 60.3 m to 79.5 m,
and an interval of 3.5 m grading 224
g/t Ag from 104.5m to 108.0 m.
GEOTECHNICAL DRILLING
A geotechnical drill program commenced in August 2022 and is expected to be completed by
the end of September. This 11-hole (2,460
m) program was designed and supervised by an independent
specialist consulting firm for optimizing pit slope design in the
PEA. Geotechnical logging is carried out on oriented drill
cores at drill sites.
Table
1 Summary of Drill Hole Intercepts
|
Hole_ID
|
|
Depth_from
|
Depth_to
|
Interval_m
|
Ag_g/t
|
Pb_%
|
Zn_%
|
DSS542505
|
|
23.66
|
27.75
|
4.09
|
65
|
0.01
|
|
|
|
33.90
|
68.15
|
34.25
|
121
|
0.04
|
0.08
|
|
incl.
|
37.85
|
43.42
|
5.57
|
428
|
0.02
|
0.01
|
|
|
86.05
|
88.59
|
2.54
|
138
|
0.01
|
0.01
|
DSS6611
|
|
35.64
|
50.30
|
14.66
|
169
|
0.18
|
0.11
|
DSS6610
|
|
50.60
|
65.21
|
14.61
|
56
|
0.01
|
|
|
|
92.00
|
96.80
|
4.80
|
86
|
0.15
|
0.21
|
|
|
118.19
|
125.75
|
7.56
|
23
|
0.21
|
0.89
|
|
|
151.46
|
163.25
|
11.79
|
86
|
0.35
|
0.14
|
|
|
193.41
|
201.79
|
8.38
|
40
|
0.23
|
0.15
|
|
|
262.06
|
263.21
|
1.15
|
251
|
0.13
|
0.04
|
DSS542508
|
|
5.55
|
20.42
|
14.87
|
48
|
0.16
|
0.87
|
DSS542506
|
|
16.68
|
30.84
|
14.16
|
75
|
0.03
|
0.02
|
DSS305001
|
|
95.70
|
99.23
|
3.53
|
40
|
0.02
|
|
DSS687501
|
|
86.70
|
100.70
|
14.00
|
147
|
0.13
|
0.41
|
|
|
130.01
|
132.50
|
2.49
|
64
|
1.27
|
3.25
|
|
|
139.80
|
140.92
|
1.12
|
163
|
0.63
|
0.93
|
|
|
196.28
|
199.87
|
3.59
|
42
|
0.07
|
0.04
|
DSS2801
|
|
69.00
|
70.00
|
1.00
|
54
|
0.01
|
|
DSS3001
|
|
64.90
|
66.31
|
1.41
|
58
|
|
0.02
|
|
|
166.50
|
167.98
|
1.48
|
65
|
0.03
|
|
DSS542507
|
|
9.06
|
29.92
|
20.86
|
108
|
0.08
|
0.22
|
DSS7401
|
|
No Significant
Intercept
|
DSS542509
|
|
79.72
|
82.30
|
2.58
|
85
|
0.02
|
0.02
|
|
|
107.95
|
109.00
|
1.05
|
1020
|
0.88
|
0.02
|
|
|
115.22
|
118.90
|
3.68
|
334
|
0.18
|
0.01
|
|
|
134.33
|
137.70
|
3.37
|
88
|
0.16
|
0.02
|
|
|
170.40
|
179.00
|
8.60
|
145
|
0.07
|
0.01
|
DSS705001
|
|
43.60
|
44.70
|
1.10
|
77
|
0.07
|
|
|
|
81.40
|
82.85
|
1.45
|
117
|
2.06
|
|
|
|
99.23
|
106.58
|
7.35
|
111
|
0.09
|
|
|
|
171.88
|
177.45
|
5.57
|
58
|
0.03
|
|
DSS545015
|
|
65.60
|
75.65
|
10.05
|
51
|
0.04
|
|
|
|
94.82
|
125.42
|
30.60
|
119
|
0.06
|
0.01
|
DSS325002
|
|
96.17
|
97.67
|
1.50
|
86
|
1.30
|
0.43
|
|
|
154.91
|
156.36
|
1.45
|
132
|
0.03
|
|
DSS7601
|
|
105.32
|
106.76
|
1.44
|
60
|
0.01
|
|
|
|
111.08
|
121.13
|
10.05
|
76
|
0.01
|
|
DSS545017
|
|
20.05
|
29.60
|
9.55
|
48
|
0.07
|
0.47
|
DSS5427
|
|
20.14
|
22.46
|
2.32
|
74
|
0.11
|
|
|
|
96.54
|
100.06
|
3.52
|
53
|
0.05
|
|
|
|
119.81
|
123.32
|
3.51
|
93
|
0.07
|
|
|
|
131.68
|
167.76
|
36.08
|
210
|
0.04
|
0.02
|
|
incl.
|
146.70
|
164.00
|
17.30
|
339
|
0.03
|
0.03
|
DSS325004
|
|
No Significant
Intercept
|
DSS345002
|
|
96.37
|
97.50
|
1.13
|
84
|
|
|
|
|
126.89
|
128.28
|
1.39
|
144
|
0.04
|
0.01
|
|
|
143.17
|
147.40
|
4.23
|
102
|
0.01
|
0.03
|
DSS545016
|
|
18.00
|
43.41
|
25.41
|
82
|
0.05
|
0.16
|
DSS325003
|
|
32.38
|
33.55
|
1.17
|
35
|
0.01
|
|
DSS325001
|
|
147.66
|
155.30
|
7.64
|
448
|
0.09
|
|
|
|
163.00
|
182.76
|
19.76
|
150
|
0.06
|
0.10
|
DSS702501
|
|
84.90
|
139.09
|
54.19
|
132
|
0.38
|
0.54
|
|
|
178.80
|
184.00
|
5.20
|
46
|
0.04
|
|
DSS547506
|
|
23.00
|
61.62
|
38.62
|
68
|
0.06
|
0.02
|
DSS547505
|
|
14.85
|
26.97
|
12.12
|
168
|
|
|
|
incl.
|
23.45
|
25.70
|
2.25
|
738
|
|
|
|
|
67.20
|
115.22
|
48.02
|
57
|
0.04
|
0.01
|
|
incl.
|
80.76
|
84.58
|
3.82
|
426
|
0.12
|
|
DSS547510
|
|
11.00
|
24.00
|
13.00
|
111
|
0.02
|
0.01
|
DSS547509
|
|
17.74
|
31.44
|
13.70
|
88
|
0.02
|
0.01
|
DSS445006
|
|
97.90
|
117.50
|
19.60
|
68
|
0.02
|
0.01
|
|
|
125.30
|
126.50
|
1.20
|
212
|
0.07
|
0.57
|
DSS305002
|
|
7.83
|
23.83
|
16.00
|
315
|
0.02
|
|
|
|
132.07
|
133.50
|
1.43
|
102
|
0.03
|
0.01
|
DSS547504
|
|
49.68
|
144.90
|
95.22
|
106
|
0.06
|
0.04
|
DSS562506
|
|
46.00
|
70.28
|
24.28
|
56
|
0.08
|
0.15
|
DSS685002
|
|
11.66
|
42.96
|
31.30
|
171
|
0.02
|
|
|
incl.
|
26.75
|
41.46
|
14.71
|
298
|
0.03
|
|
|
|
92.38
|
98.15
|
5.77
|
65
|
0.03
|
|
|
|
104.87
|
111.61
|
6.74
|
34
|
0.11
|
0.18
|
|
|
120.20
|
148.53
|
28.33
|
48
|
0.09
|
0.02
|
|
|
181.50
|
189.21
|
7.71
|
27
|
0.14
|
0.57
|
|
|
198.80
|
208.40
|
9.60
|
96
|
0.03
|
0.06
|
DSS5427
|
|
20.14
|
22.46
|
2.32
|
74
|
0.11
|
|
|
|
96.54
|
100.06
|
3.52
|
53
|
0.05
|
|
|
|
119.81
|
123.32
|
3.51
|
93
|
0.07
|
|
|
|
131.68
|
167.76
|
36.08
|
210
|
0.04
|
0.02
|
|
incl.
|
146.70
|
164.00
|
17.30
|
339
|
0.03
|
0.03
|
DSS325005
|
|
157.19
|
160.10
|
2.91
|
108
|
0.01
|
|
DSS562507
|
|
29.52
|
35.93
|
6.41
|
110
|
|
|
|
|
54.65
|
116.00
|
61.35
|
83
|
0.07
|
0.01
|
DSS565010
|
|
13.89
|
18.15
|
4.26
|
115
|
0.01
|
0.01
|
|
|
44.17
|
46.22
|
2.05
|
80
|
0.07
|
0.05
|
|
|
58.40
|
61.00
|
2.60
|
56
|
0.04
|
|
DSS565011
|
|
42.57
|
46.80
|
4.23
|
75
|
0.04
|
|
|
|
85.90
|
88.75
|
2.85
|
104
|
0.10
|
0.01
|
|
|
98.76
|
100.23
|
1.47
|
81
|
0.04
|
|
DSS547507
|
|
52.23
|
60.09
|
7.86
|
57
|
0.05
|
|
|
|
67.30
|
84.12
|
16.82
|
88
|
0.03
|
0.01
|
|
|
104.00
|
115.07
|
11.07
|
56
|
0.04
|
|
DSS6804
|
|
16.80
|
20.30
|
3.50
|
98
|
0.01
|
|
|
|
161.78
|
164.25
|
2.47
|
57
|
|
|
|
|
198.68
|
199.90
|
1.22
|
85
|
0.06
|
0.20
|
|
|
301.75
|
336.50
|
34.75
|
31
|
0.03
|
0.01
|
DSS467504
|
|
95.90
|
113.32
|
17.42
|
360
|
0.03
|
0.01
|
|
|
191.97
|
198.75
|
6.78
|
76
|
1.80
|
0.02
|
DSS547508
|
|
46.00
|
47.00
|
1.00
|
199
|
0.15
|
0.04
|
|
|
61.65
|
99.15
|
37.50
|
77
|
0.03
|
0.04
|
|
|
122.80
|
126.10
|
3.30
|
59
|
0.07
|
0.19
|
DSS705002
|
|
21.66
|
32.06
|
10.40
|
279
|
0.12
|
|
|
|
90.68
|
100.20
|
9.52
|
324
|
0.22
|
|
DSS482502
|
|
79.10
|
100.37
|
21.27
|
60
|
0.47
|
0.01
|
|
|
124.38
|
126.85
|
2.47
|
83
|
0.48
|
0.01
|
|
|
133.10
|
134.12
|
1.02
|
440
|
2.19
|
0.02
|
|
|
149.00
|
158.87
|
9.87
|
32
|
0.43
|
0.03
|
|
|
191.96
|
193.03
|
1.07
|
124
|
3.34
|
0.02
|
DSS687502
|
|
26.87
|
43.53
|
16.66
|
147
|
0.03
|
|
|
|
97.55
|
107.37
|
9.82
|
67
|
0.05
|
0.06
|
|
|
120.80
|
122.05
|
1.25
|
104
|
0.13
|
0.14
|
|
|
132.96
|
147.77
|
14.81
|
56
|
0.14
|
0.05
|
DSS7002
|
|
25.28
|
40.54
|
15.26
|
285
|
0.02
|
|
|
|
101.10
|
110.60
|
9.50
|
80
|
0.09
|
0.01
|
|
|
131.59
|
144.70
|
13.11
|
62
|
0.11
|
0.14
|
|
|
160.70
|
166.01
|
5.31
|
40
|
0.26
|
0.50
|
|
|
180.47
|
183.15
|
2.68
|
215
|
0.19
|
0.14
|
|
|
191.25
|
193.83
|
2.58
|
55
|
0.30
|
0.13
|
DSS425007
|
|
127.50
|
137.00
|
9.50
|
130
|
0.01
|
0.02
|
|
|
152.37
|
153.52
|
1.15
|
132
|
0.06
|
0.10
|
DSS482501
|
|
62.20
|
63.55
|
1.35
|
423
|
|
|
|
|
70.37
|
75.53
|
5.16
|
44
|
0.03
|
|
|
|
81.95
|
97.24
|
15.29
|
84
|
0.01
|
|
|
|
167.72
|
179.13
|
11.41
|
43
|
0.10
|
|
|
|
192.16
|
206.13
|
13.97
|
100
|
1.14
|
0.01
|
|
|
230.66
|
233.12
|
2.46
|
75
|
0.51
|
|
DSS487505
|
|
32.45
|
51.93
|
19.48
|
337
|
|
|
|
incl.
|
38.53
|
47.16
|
8.63
|
715
|
|
|
|
|
91.83
|
103.88
|
12.05
|
160
|
0.03
|
|
|
|
138.57
|
150.57
|
12.00
|
42
|
0.04
|
|
|
|
162.96
|
180.87
|
17.91
|
78
|
0.48
|
0.01
|
|
|
238.10
|
239.44
|
1.34
|
404
|
0.09
|
0.43
|
|
|
251.75
|
255.63
|
3.88
|
180
|
0.13
|
0.06
|
DSS565013
|
|
143.00
|
201.50
|
58.50
|
52
|
0.04
|
|
DSS582501
|
|
30.57
|
75.34
|
44.77
|
214
|
0.10
|
|
|
|
151.46
|
176.50
|
25.04
|
143
|
0.07
|
0.11
|
|
incl.
|
151.46
|
154.00
|
2.54
|
823
|
0.07
|
|
|
incl.
|
169.00
|
171.12
|
2.12
|
536
|
0.31
|
0.17
|
DSS565012
|
|
139.80
|
149.00
|
9.20
|
147
|
0.15
|
0.01
|
|
|
198.90
|
212.62
|
13.72
|
104
|
0.53
|
0.01
|
DSS502506
|
|
22.50
|
39.61
|
17.11
|
144
|
0.04
|
0.01
|
|
|
60.30
|
79.50
|
19.20
|
409
|
0.12
|
0.02
|
|
|
104.50
|
108.00
|
3.50
|
224
|
0.03
|
|
|
Notes:
|
|
|
1.
|
Location, altitude,
azimuth, and dip of drill holes are provided in Table
2.
|
|
|
2.
|
Drill intercept is
core length, and grade is length weighted. Length of drill
intercept is close to true width of mineralization as
drilling is normal to both strike and dip of
mineralized zones.
|
|
|
3.
|
A cut-off grade of
20 g/t Ag is applied for calculation of length-weighted intercept. At times, samples lower than 20 g/t Ag may be
included in the calculation of
consolidation of mineralized intercepts.
|
|
|
Table 2 Summary of
Drill Hole Specifications
|
Hole_id
|
Easting
|
Northing
|
Altitude
|
Depth_m
|
Azimuth
(°)
|
Dip
(°)
|
Year
|
Note
|
DSS542505
|
235013.95
|
7856522.93
|
4101.23
|
155.15
|
60
|
-45
|
2022
|
Step-out
|
DSS6611
|
234876.13
|
7855780.03
|
4029.97
|
54.80
|
60
|
-45
|
2022
|
Resource
Infill
|
DSS6610
|
234834.02
|
7855759.60
|
4029.10
|
311.00
|
60
|
-55
|
2022
|
Resource
Infill
|
DSS542508
|
235115.65
|
7856584.35
|
4115.41
|
101.00
|
60
|
-45
|
2022
|
Step-out
|
DSS542506
|
235050.43
|
7856544.89
|
4106.53
|
143.10
|
60
|
-45
|
2022
|
Step-out
|
DSS305001
|
234533.65
|
7857614.73
|
4193.84
|
313.50
|
60
|
-45
|
2022
|
Step-out
|
DSS687501
|
234932.96
|
7855613.73
|
4059.32
|
239.00
|
60
|
-45
|
2022
|
Resource
Infill
|
DSS2801
|
234497.09
|
7857755.74
|
4195.51
|
277.00
|
60
|
-45
|
2022
|
Step-out
|
DSS3001
|
234520.83
|
7857653.93
|
4196.73
|
271.50
|
60
|
-45
|
2022
|
Step-out
|
DSS542507
|
235083.23
|
7856563.86
|
4110.97
|
120.00
|
60
|
-45
|
2022
|
Resource
Infill
|
DSS7401
|
235069.74
|
7855434.22
|
4105.28
|
302.00
|
60
|
-45
|
2022
|
Step-out
|
DSS542509
|
234871.60
|
7856443.59
|
4071.77
|
311.00
|
60
|
-45
|
2022
|
Step-out
|
DSS705001
|
234971.30
|
7855546.97
|
4073.83
|
290.00
|
60
|
-45
|
2022
|
Resource
Infill
|
DSS545015
|
234933.62
|
7856448.62
|
4089.75
|
176.15
|
60
|
-46
|
2022
|
Resource
Infill
|
DSS325002
|
234728.92
|
7857595.66
|
4121.93
|
166.50
|
60
|
-45
|
2022
|
Step-out
|
DSS7601
|
235096.94
|
7855333.22
|
4120.60
|
305.10
|
60
|
-45
|
2022
|
Step-out
|
DSS545017
|
235087.94
|
7856539.28
|
4113.05
|
104.15
|
60
|
-45
|
2022
|
Step-out
|
DSS5427
|
234843.00
|
7856453.00
|
4065.00
|
236.00
|
60
|
-45
|
2022
|
Resource
Infill
|
DSS325004
|
234728.51
|
7857595.98
|
4121.91
|
163.50
|
353
|
-45
|
2022
|
Step-out
|
DSS345002
|
234625.68
|
7857426.77
|
4156.70
|
241.50
|
86
|
-45
|
2022
|
Step-out
|
DSS545016
|
235053.28
|
7856517.60
|
4106.76
|
122.15
|
60
|
-45
|
2022
|
Resource
Infill
|
DSS325003
|
234728.77
|
7857595.69
|
4121.96
|
127.70
|
26
|
-40
|
2022
|
Step-out
|
DSS325001
|
234606.08
|
7857524.97
|
4169.90
|
265.50
|
60
|
-45
|
2022
|
Step-out
|
DSS702501
|
234960.11
|
7855571.78
|
4069.02
|
287.00
|
60
|
-45
|
2022
|
Resource
Infill
|
DSS547506
|
235045.38
|
7856482.58
|
4106.77
|
128.10
|
60
|
-45
|
2022
|
Step-out
|
DSS547505
|
234947.02
|
7856428.11
|
4091.60
|
200.00
|
60
|
-47
|
2022
|
Step-out
|
DSS547510
|
235083.07
|
7856504.52
|
4113.08
|
113.00
|
60
|
-45
|
2022
|
Step-out
|
DSS547509
|
235062.62
|
7856495.23
|
4109.23
|
113.00
|
60
|
-45
|
2022
|
Step-out
|
DSS445006
|
234380.80
|
7856704.49
|
4087.14
|
283.50
|
60
|
-45
|
2022
|
Resource
Infill
|
DSS305002
|
234599.64
|
7857655.86
|
4169.55
|
268.50
|
60
|
-45
|
2022
|
Step-out
|
DSS547504
|
234976.40
|
7856444.99
|
4097.29
|
164.00
|
60
|
-47
|
2022
|
Resource
Infill
|
DSS562506
|
235043.05
|
7856427.53
|
4104.86
|
137.15
|
60
|
-45
|
2022
|
Step-out
|
DSS685002
|
234889.98
|
7855614.42
|
4053.31
|
302.20
|
60
|
-50
|
2022
|
Resource
Infill
|
DSS5427
|
234845.65
|
7856458.52
|
4065.96
|
236.00
|
60
|
-45
|
2022
|
Resource
Infill
|
DSS325005
|
234729.44
|
7857595.50
|
4121.97
|
202.50
|
76
|
-45
|
2022
|
Step-out
|
DSS562507
|
234991.97
|
7856403.39
|
4094.17
|
176.00
|
60
|
-45
|
2022
|
Resource
Infill
|
DSS565010
|
235083.07
|
7856418.72
|
4109.58
|
122.15
|
60
|
-45
|
2022
|
Resource
Infill
|
DSS565011
|
234936.06
|
7856331.99
|
4048.68
|
155.10
|
60
|
-45
|
2022
|
Step-out
|
DSS547507
|
234931.80
|
7856420.45
|
4086.76
|
176.00
|
60
|
-47
|
2022
|
Step-out
|
DSS6804
|
234824.09
|
7855635.07
|
4046.53
|
350.30
|
60
|
-64
|
2022
|
Step-out
|
DSS467504
|
234474.14
|
7856614.29
|
4102.10
|
313.50
|
60
|
-45
|
2022
|
Step-out
|
DSS547508
|
234910.32
|
7856405.62
|
4076.84
|
185.20
|
60
|
-47
|
2022
|
Step-out
|
DSS705002
|
234939.39
|
7855529.69
|
4069.23
|
326.00
|
60
|
-45
|
2022
|
Step-out
|
DSS482502
|
234545.80
|
7856602.74
|
4102.01
|
304.50
|
60
|
-45
|
2022
|
Step-out
|
DSS687502
|
234897.79
|
7855589.97
|
4057.06
|
302.10
|
60
|
-48
|
2022
|
Step-out
|
DSS7002
|
234906.43
|
7855567.15
|
4060.03
|
302.10
|
60
|
-48
|
2022
|
Step-out
|
DSS425007
|
234319.92
|
7856788.69
|
4091.58
|
304.50
|
60
|
-45
|
2022
|
Step-out
|
DSS482501
|
234486.53
|
7856566.64
|
4105.60
|
283.50
|
60
|
-45
|
2022
|
Step-out
|
DSS487505
|
234508.20
|
7856525.21
|
4099.59
|
307.50
|
60
|
-45
|
2022
|
infill
|
DSS565013
|
234877.94
|
7856302.62
|
4024.03
|
401.00
|
245
|
-50
|
2022
|
infill
|
DSS582501
|
235144.90
|
7856373.38
|
4112.02
|
242.10
|
240
|
-45
|
2022
|
Step-out
|
DSS565012
|
234878.63
|
7856301.87
|
4024.01
|
404.00
|
218
|
-50
|
2022
|
infill
|
DSS502506
|
234541.91
|
7856481.35
|
4089.37
|
313.50
|
60
|
-46
|
2022
|
infill
|
|
Notes:
|
|
|
1.
|
Drill collar
coordinate system is WGS1984 UTM Zone 20S.
|
|
|
2.
|
Coordinate of drill
collar is picked with Real Time Kinematics
(RTK) GPS.
|
QUALITY ASSURANCE AND QUALITY
CONTROL
All samples in respect of the exploration program at the Silver
Sand Project, conducted by the Company and discussed in this news
release, are shipped in securely-sealed bags by New Pacific staff
in the Company's vehicles, directly from the field to ALS Global in
Oruro, Bolivia for preparation,
and ALS Global in Lima, Peru for
geochemical analysis. ALS Global is an ISO 17025 accredited
laboratory independent from New Pacific. All samples are first
analyzed by a multi-element ICP package (ALS code ME-MS41) with ore
grade over specified limits for silver, lead and zinc further
analyzed using ALS code OG46. Further silver samples over specified
limits are analyzed by gravimetric analysis (ALS code of GRA21).
Certified reference materials, various types of blank samples and
duplicate samples are inserted to normal drill core sample
sequences prior to delivery to laboratory for preparation and
analysis. The overall ratio of quality control samples in sample
sequences is around twenty percent.
QUALIFIED PERSON
The scientific and technical information contained in this news
release have been reviewed and approved by Alex Zhang, P. Geo., Vice President of
Exploration, who is a Qualified Person for the purposes of National
Instrument 43-101 — Standards of Disclosure for Mineral
Projects ("NI 43-101"). The Qualified Person has verified the
information disclosed herein, including the sampling, preparation,
security and analytical procedures underlying such information, and
is not aware of any significant risks and uncertainties that could
be expected to affect the reliability or confidence in the
information discussed herein.
ABOUT NEW PACIFIC
New Pacific is a Canadian exploration and development company
with precious metal projects in Bolivia. The Company's
flagship Project, the Silver Sand Silver Project, is waiting for a
new Mineral Resource Estimate Update and a PEA by the end of
2022. Recently discovered Carangas Silver-Gold Project is
undergoing a 40,000 m drill
program. The third project, the Silverstrike Silver-Gold
Project, commenced a 6,000 m
discovery drill program in June 2022
and discovered a near surface broad gold mineralization by drill
hole.
For further information,
please contact:
New Pacific Metals Corp.
Phone: (604)
633-1368
U.S. & Canada toll-free:
1-877-631-0593
E-mail:
invest@newpacificmetals.com
To receive company news by e-mail, please register using
New Pacific's website at
www.newpacificmetals.com.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING INFORMATION
Certain of the statements and information in this news
release constitute "forward-looking statements" within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and "forward-looking information" within the meaning of
applicable Canadian provincial securities laws. Any
statements or information that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "expects", "is
expected", "anticipates", "believes", "plans", "projects",
"estimates", "assumes", "intends", "strategies", "targets",
"goals", "forecasts", "objectives", "budgets", "schedules",
"potential" or variations thereof or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved, or the negative of any of these terms
and similar expressions) are not statements of historical fact and
may be forward-looking statements or information. Such statements
include, but are not limited to: statements regarding anticipated
exploration, drilling, development, construction, and other
activities or achievements of the Company; timing of receipt of
permits and regulatory approvals; timing and content of the PEA,
and estimates of the Company's revenues and capital
expenditures.
Forward-looking statements or information are subject to a
variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ from those
reflected in the forward-looking statements or information,
including, without limitation, risks relating to: global economic
and social impact of COVID-19; fluctuating equity prices, bond
prices, commodity prices; calculation of resources, reserves and
mineralization, general economic conditions, foreign exchange
risks, interest rate risk, foreign investment risk; loss of key
personnel; conflicts of interest; dependence on management,
uncertainties relating to the availability and costs of financing
needed in the future, environmental risks, operations and political
conditions, the regulatory environment in Bolivia and Canada, risks associated with community
relations and corporate social responsibility, and other factors
described under the heading "Risk Factors" in the Company's Annual
Information Form for the year ended June 30,
2021 and its other public filings.
This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements or
information.
The forward-looking statements are necessarily based on a
number of estimates, assumptions, beliefs, expectations and
opinions of management as of the date of this news release that,
while considered reasonable by management, are inherently subject
to significant business, economic and competitive uncertainties and
contingencies. These estimates, assumptions, beliefs,
expectations and options include, but are not limited to, those
related to the Company's ability to carry on current and future
operations, including: the duration and effects of COVID-19 on our
operations and workforce; development and exploration activities;
the timing, extent, duration and economic viability of such
operations; the accuracy and reliability of estimates, projections,
forecasts, studies and assessments; the Company's ability to meet
or achieve estimates, projections and forecasts; the stabilization
of the political climate in Bolivia; the Company's ability to obtain and
maintain social license at its mineral properties; the availability
and cost of inputs; the price and market for outputs; foreign
exchange rates; taxation levels; the timely receipt of necessary
approvals or permits, including the ratification and approval of
the Mining Production Contract with COMIBOL by the Plurinational
Legislative Assembly of Bolivia;
the ability of the Company's Bolivian partner to convert the
exploration licenses at the Carangas Project to AMC; the ability to
meet current and future obligations; the ability to obtain timely
financing on reasonable terms when required; the current and future
social, economic and political conditions; and other assumptions
and factors generally associated with the mining industry.
Although the forward-looking statements contained in this
news release are based upon what management believes are reasonable
assumptions, there can be no assurance that actual results will be
consistent with these forward-looking statements. All
forward-looking statements in this news release are qualified by
these cautionary statements. Accordingly, readers should not
place undue reliance on such statements. Other than specifically
required by applicable laws, the Company is under no obligation and
expressly disclaims any such obligation to update or alter the
forward-looking statements whether as a result of new information,
future events or otherwise except as may be required by law.
These forward-looking statements are made as of the date of this
news release.
CAUTIONARY NOTE TO US
INVESTORS
The technical and scientific information contained herein has
been prepared in accordance with NI 43-101, which differs from the
standards adopted by the U.S. Securities and Exchange Commission
(the "SEC"). Accordingly, the technical and scientific information
contained herein, including any estimates of mineral reserves and
mineral resources, may not be comparable to similar information
disclosed by U.S. companies subject to the disclosure requirements
of the SEC.
Additional information relating to the Company, including the
Company's Annual Information form, can be obtained under the
Company's profile on SEDAR at www.sedar.com, on EDGAR at
www.sec.gov, and on the Company's website at
www.newpacificmetals.com.
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SOURCE New Pacific Metals Corp.