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Transaction Announcement Reports
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Project: | Silver Sand | |
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Deposit: | Silver Sand | |
Location: | Bolivia | |
Commodities: | Silver-Tin | |
Date: | 5/31/2017 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 31-5-2017: New Pacific Holdings Corp. announces a Supporting Acquisition report for its Silver Sand deposit at the Silver Sand project. Summary of property in support of acquisition. This Technical Report was prepared for New Pacific Holdings Corporation | |
Resources: | x | |
CP/QP: | [Overall Report]: Donald J. Birak (Independent) | |
ABSTRACT: | This Technical Report was prepared for New Pacific Holdings Corporation (“NPHC”), a Canadian Investment Issuer with shares listed on the TSX Venture Exchange in Canada under the symbol NUX (www.newpacificholdings.com), to disclose material information related to the acquisition of the Silver Sand silver property in Bolivia (the “Property”). The Qualified Person conducted a site visit during December 17, 18 and 19 of 2016. NPHC has negotiated the acquisition (the “Acquisition”) of a 100% interest in Empresa Minera Alcira S.A., a private, Bolivian incorporated mining company (“Owner”) from its three shareholders (the “Vendors”), free of any debt, pursuant to the terms of a share transfer agreement dated March 28, 2017 (the “Share Transfer Agreement”). The Vendors are Ningde Jungie Mineria Co., Ltd. (“Jungie”, 99% shareholder), Cai Ximing, (0.5% shareholder) and Li Chengliang (0.5% shareholder), all of which are arms’ length parties to NPHC. The Owner controls the Property, located in the Potosí Department of Bolivia. | |
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