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New Pacific Metals Corp.
Summary
| Project: | Silver Sand | |
|---|---|---|
| Deposit: | Silver Sand | |
| Location: | Bolivia | |
| Commodities: | Silver-Lead-Zinc | |
| Date: | 8/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-8-2019: New Pacific Metals Corp. announces an Exploration/Drilling Update report for its Silver Sand deposit at the Silver Sand project. Drilling results incl. 104.5m @ 183g/t Ag, 0.05% Pb, 0.11% Zn from 41.7m. Vancouver, British Columbia – August 6, 20 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alex Zhang (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – August 6, 2019 – New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) is pleased to announce the assay results of the second batch of 32 drill holes from its wholly-owned Silver Sand Project located in the Department of Potosí, Bolivia. The assay results continue to show wide intervals of silver mineralization. Currently there are three rigs operating on site with a fourth rig to arrive in August to expedite drilling at Silver Sand. Of the 32 drill holes, 19 holes were drilled to infill the drill grid to a density of 25 metres by 25 metres to confirm continuity of mineralization in selected areas drilled in 2018, and 13 holes were drilled step-out to the north testing extension of known mineralized zones. Holes were approximately oriented at azimuths of 60 degrees with dips of -45 degrees normal to the strike and dip of mineralized structures. All the infill drill holes intercepted significant silver mineralization in mineralized fracture zones similar to those seen in the assay results for those holes completed in 2018 drill campaign and ongoing 2019 drill campaign; the first drill results of which were released on June 6, 2019. Holes drilled to the south of section 60 have encountered mined out intervals within zones of wide silver mineralization where higher grade silver may have been selectively mined out in the past. The step-out drill holes to the north of section 44 on the eastern side of the mineral deposit also intercepted significant silver mineralization evidenced by the wide intercepts in holes DSS4006 grading 174 g/t silver over 42.4 m and DSS422501 grading 183 g/t silver over 104.5 m, indicating that mineralization is open to the north. | |
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