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New Pacific Metals Corp.
Summary
| Project: | Silver Sand | |
|---|---|---|
| Deposit: | Snake Hole | |
| Location: | Bolivia | |
| Commodities: | Silver-Lead-Zinc | |
| Date: | 1/13/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-1-2020: New Pacific Metals Corp. announces an Exploration/Drilling Update report for its Snake Hole deposit at the Silver Sand project. Drilling results incl. 72.44m @ 279g/t Ag, 0.06% Pb, 0.04% Zn from 60.50m. Vancouver, British Columbia – January 13, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alex Zhang (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – January 13, 2020 – New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) is pleased to announce the assay results of the first 19 holes of the initial 24 hole, 6,000 metres, exploration drill program at the Snake Hole prospect, Silver Sand Project, Bolivia. Snake Hole is one of nine high priority silver targets identified by the Company and is located approximately 600 metres east of the core area of the Silver Sand Project. Fifteen of the nineteen drillholes returned significant results defining structurally controlled, sandstone-hosted, silver mineralization similar to the main Silver Sand area. The prospect consists of artisanal underground workings on structures that trend NNW-SSE. The workings and associated surface mine dumps were started in the Spanish colonial era and have continued sporadically to recent times. The workings are developed in altered (bleached) quartz sandstones and are traceable over more than 1,000 metres strike length with widths varying from a few metres up to 100 metres extent. Geochemical sampling of the workings and mine dumps returned encouraging results typically ranging from 100g/t Ag to 300g/t Ag. Surface mapping suggests that the mineralized fracture zone remains open to north where it potentially trends undercover towards the Company’s Jisas prospect located approximately two kilometres to the northwest. | |
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