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New Pacific Continues to Intersect Multiple Broad Intervals of Silver Mineralization at Silver Sand Project, Bolivia

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New Pacific Continues to Intersect Multiple Broad Intervals of Silver Mineralization at Silver Sand Project, Bolivia

 

 

 

 

 

New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) is pleased to announce assay results from 75 drill holes from its resource definition drilling program at its wholly-owned Silver Sand Project, Department of Potosí, Bolivia.  

In summary, drilling continues to intersect broad intervals of vein and fracture controlled, near surface, silver mineralization with results from this program ranging from approximately 50 to 200 metres thick and returning average silver values from 33 to 289g/t.  Within these broad intervals, narrower zones of higher grade silver occurs commonly from 2.5 to +10m wide with average values over those widths of up to 1,035g/t.

Highlights of significant drill intersections are summarized as follows (for a detailed list, please refer to Table-1 – Composited Drill Intersections of Mineralization below):

 

  • DDH DSS422503, 143.44m @ 110g/t Ag from 65.86m to 209.3m incl. 10.17m @ 860g/t Ag from 173.3m to 183.47m;
  • DDH DSS502503, 56.2m @ 121g/t Ag from 125.8m to 182.0m, incl. 13.87m @ 346g/t Ag from 125.8m to 139.67m;
  • DDH DSS502505, 93.08m @ 289g/t Ag from 223.15m to 316.23m, incl. 23.41m @ 1,035g/t Ag from 261.44m to 284.85m;
  • DDH DSS507507,  45.93m @ 149g/t Ag from 89.11m to 135.04m, incl. 10.5m @ 321g/t Ag from 111.2m to 121.7m;
  • DDH DSS522510, 48.09m @ 176g/t Ag from 5.3m to 53.39m, and 2.57m @ 748g/t Ag from 213.5m to 216.07m;
  • DDH DSS522512, 242.44m @ 87g/t Ag from 43.3m to 285.74m, incl. 8.25m @ 755g/t Ag from 86.9m to 95.15m;
  • DDH DSS525017, 145.8m @ 137g/t Ag from 39.55m to 185.35m, incl. 8.82m @ 388g/t Ag from 39.55m to 48.37m, incl. 51.53m @ 268g/t Ag from 75.66m to 127.19m, and incl. 3.48m @ 442g/t Ag from 181.87m to 185.35m;
  • DDH DSS527501, 173.99m @ 101g/t Ag from 35.11m to 209.1m, incl. 45.45m @ 277g/t Ag from 82.05m to 127.5m, and incl. 3.1m @ 334g/t Ag from 206.0m to 209.1m;
  • DDH DSS542501, 88.5m @ 120g/t Ag from 41.55m to 130.05m, incl. 20.03m @ 351g/t Ag from 69.27m to 89.3m;
  • DDH DSS545009, 77.3m @ 135g/t Ag from 41.3m to 118.6m, incl. 9.92m @ 627g/t Ag from 69.33m to 79.25m;
  • DDH DSS545010, 54.67m @ 141g/t Ag from 80.2m to 134.87m, incl. 7.48m @ 488g/t Ag from 83.14m to 90.62m;
  • DDH DSS547502, 43.66m @158g/t Ag from 62.04m to 105.7m;
  • DDH DSS5610, 85.58m @ 98g/t Ag from 61.01m to 146.59m;
  • DDH DSS562501, 57.91m @ 133g/t Ag from 53.29m to 111.2m,incl. 13.95m @ 292g/t Ag from 62.5m to 76.45m;
  • DDH DSS562502, 54.87m @ 112g/t Ag from 35.0m to 89.87m;
  • DDH DSS565005, 65.29m @ 157g/t Ag from 34.56m to 99.85m, and 2.63m @ 232g/t Ag from 145.6m to 148.23m;
  • DDH DSS565006, 64.46m @ 250g/t Ag from 19.91m to 84.37m,incl. 20.7m @ 613g/t Ag from 40.0m to 60.7m;
  • DDH DSS642503, 22.81m @ 151g/t Ag from 24.28m to 47.09m, and 115.97m @ 54g/t Ag from 87.53m to 203.5m; and
  • DDH DSS645005, 208.07m @ 73g/t Ag from 27.1m to 235.17m,incl. 3.71m @ 513g/t Ag from 86.57m to 90.28m, and incl. 24.26m @ 270g/t Ag from 180.74m to 205m.

 

(Based on the current understanding of the relationship between drill hole direction and the mineralized structures it is estimated that true width of the mineralization will approximate 80% of the down hole interval length.  Please refer to Table-1 – Composited Drill Intersections of Mineralization below for details.)
 

Detail

 

Following the acquisition of Silver Sand Project in 2017, the Company has completed several discovery and definition drill campaigns on the project.  In addition to 195 holes for a total of 55,010m completed in 2018 exploration campaign, 162 drill holes for a total of 35,414m in the core area of Silver Sand have been completed to date since April 2019.  The Company released the results from the initial 60 holes on June 6, August 6 and August 27, 2019.  This news release publishes results from the next 75 drill holes (Table 1).  Results from the remaining 27 holes are pending and will be released upon receipt of the assay information.

The aim of the 2019 resource definition program is to provide detailed geological information on the currently defined core of the Silver Sand project.  The holes were designed to provide drill coverage using a 25 metre-centered drill pattern in order to confirm the continuity of the silver mineralization.  The majority of the holes are oriented at azimuths of 60 degrees with dips of -45 degrees, that is, normal to the strike and dip of the previously defined mineralized structures.

Several resource expansion holes were collared outside of the previously defined mineralized zone and intersected significant mineralization.  For example, hole DSS645005 was collared to the south of Silver Sand at Section 6450, and intersected a broad zone of mineralization returning 208.07m @ 73g/t Ag from 27.1m downhole within which higher grade intervals occur including 3.71m @ 513g/t Ag (from 86.57m to 90.28m), and 24.26m @ 270g/t Ag (from 180.74m to 205m), indicating mineralization is open to the west.
 

 

Snake Hole Prospect

 

The Company has identified several high priority targets on the Silver Sand property package, of which, the Snake Hole Prospect has been drill tested and assays are pending.
 

 

Future Work

 

 

The Silver Sand Project development team is currently finishing the last remaining planned drill holes from the 2019 program with two drilling crews.  Other activities remaining include geological logging and sampling of completed holes, data analysis and various QA/QC initiatives in preparation for the inaugural NI 43-101 resource estimate in Q1 2020.
 

Quality Assurance and Quality Control

 

 

HQ-size drill core samples from altered and mineralized intervals were split into halves by diamond saw, with an average sample length of between one to one and half metres at the Company’s core processing facility located in Betanzos, a small town located 20 kilometres from the project site.  Half core samples are stored in a secure core storage facility in Betanzos for future reference, and the other half core samples are shipped in securely sealed bags to ALS Global in Oruro, Bolivia for preparation, and ALS Global in Lima, Peru for geochemical analysis.  All samples are first analyzed by a multi-element ICP package (ALS code ME-MS41) with ore grade over limits for silver, lead and zinc further analyzed using ALS code OG46.  Further silver over limits are analyzed by gravimetric analysis (ALS code of GRA21).

A standard quality assurance and quality control protocol was employed to monitor the quality of sample preparation and analysis.  Standards of certified reference materials and blanks were inserted in normal core sample sequences prior to shipment to lab at a ratio of 20:1 (i.e., every 20 samples contain at least one standard sample and one blank sample).  Duplicate samples of coarse rejects at a ratio of 20:1 will be sent to a second internationally accredited lab for check analysis.  The assay results of QAQC samples of standards and blanks did not show any significant bias of analysis or contamination during sample preparation.

Technical information contained in this news release has been reviewed and approved by Alex Zhang, P. Geo., Vice President of Exploration, who is a Qualified Person for the purposes of NI 43-101.
 

About New Pacific 

 

 

New Pacific is a Canadian exploration and development company which owns the Silver Sand Project in Potosí Department, Bolivia and the Tagish Lake gold project in Yukon, Canada.  

 

 

Table 1 – Composited Drill Intersections of Mineralization

 

 

Hole_id Section   Mineralized Intervals    
  From (m) To (m) Length (m) Ag_g/t Pb_% Zn_% note  
DSS362501 3625   127.19 130.66 3.47 107 0.01 0.00    
DSS365001 3650   129.95 132.36 2.41 64 0.02 0.00    
      193.70 196.10 2.40 41 0.04 0.00    
DSS367501 3675   131.00 133.25 2.25 95 0.15 0.00    
      138.98 140.00 1.02 69 0.08 0.00    
      190.20 191.26 1.06 93 0.05 0.00    
DSS3804 38   131.85 135.30 3.45 52 0.32 0.00    
DSS382501 3825   61.23 66.23 5.00 155 0.00 0.00    
      129.50 140.66 11.16 188 0.16 0.00    
      164.96 166.28 1.32 292 0.02 0.00    
DSS385002 3850   65.00 68.94 3.94 227 0.00 0.00    
      123.18 153.83 30.65 122 0.10 0.00    
    incl. 125.78 131.23 5.45 557 0.32 0.00    
DSS387501 3875   115.00 140.55 25.55 44 0.08 0.00    
      159.24 169.00 9.76 39 0.03 0.00    
DSS422502 4225   112.55 115.20 2.65 183 0.05 0.00    
      128.42 161.90 33.48 126 0.06 0.00    
DSS422503 4225   65.86 209.30 143.44 110 0.04 0.03    
    incl. 173.30 183.47 10.17 860 0.18 0.00    
DSS422504 4225   89.30 92.02 2.72 124 0.02 0.00    
      103.46 107.41 3.95 38 0.01 0.00    
DSS427503 4275   49.86 62.74 12.88 33 0.03 0.08    
      85.90 158.90 73.00 87 0.02 0.00    
    incl. 96.25 114.93 18.68 201 0.02 0.00    
      177.63 183.80 6.17 41 0.01 0.00    
DSS427504 4275   18.70 21.00 2.30 130 0.02 0.02    
      66.90 90.65 23.75 34 0.05 0.00    
DSS427505 4275   101.65 102.95 1.30 96 0.02 0.04    
      110.45 113.05 2.60 60 0.39 0.03    
      126.14 131.33 5.19 34 0.06 0.00    
      217.00 225.00 8.00 137 0.07 0.00    
DSS4613     101.00 120.00 19.00 86 0.10 0.02    
      223.55 250.78 27.23 50 0.01 0.02    
DSS462501     88.04 97.15 9.11 101 0.16 0.12    
      116.60 121.10 4.50 87 0.16 0.33    
      142.36 162.68 20.32 136 0.03 0.10    
      188.35 202.70 14.35 104 0.01 0.05    
DSS462502     87.81 158.59 70.78 63 0.01 0.02    
    incl. 87.81 119.70 31.89 103 0.01 0.05    
DSS462503     113.30 154.89 41.59 38 0.02 0.02    
DSS462504     77.00 83.58 6.58 147 0.05 0.02    
      130.00 133.00 3.00 436 0.28 0.01    
DSS462505     107.54 116.00 8.46 233 0.11 0.00    
      164.70 168.80 4.10 54 0.10 0.00    
DSS462506     74.93 100.42 25.49 125 0.03 0.01    
DSS465009     73.55 81.55 8.00 42 0.06 0.00    
      121.00 123.30 2.30 193 0.21 0.01    
      144.95 152.35 7.40 59 0.05 0.00    
DSS465010     78.20 81.90 3.70 417 0.17 0.02    
      107.30 108.64 1.34 144 0.01 0.01    
DSS465011     69.90 80.26 10.36 34 0.01 0.01    
      93.15 101.00 7.85 33 0.01 0.01    
      125.25 153.60 28.35 108 0.02 0.03    
    incl. 150.05 153.60 3.55 647 0.15 0.01    
DSS467501     74.00 109.34 35.34 70 0.06 0.00    
    incl. 74.00 78.84 4.84 311 0.28 0.01    
DSS5013     48.00 53.50 5.50 100 0.01 0.01    
      72.70 99.76 27.06 51 0.14 0.00    
      119.66 122.16 2.50 82 0.37 0.00    
      154.44 155.50 1.06 253 0.08 0.02    
      272.50 276.00 3.50 106 0.03 0.03    
DSS502503 5025   85.30 90.02 4.72 60 0.15 0.13    
      125.80 182.00 56.20 121 0.05 0.05    
    incl. 125.80 139.67 13.87 346 0.08 0.00    
DSS502504 5025   75.15 88.00 12.85 322 0.11 0.01    
    incl. 75.15 79.73 4.58 848 0.29 0.02    
DSS502505 5025   13.68 17.50 3.82 62 0.01 0.00    
      111.88 114.57 2.69 86 0.12 0.20    
      223.15 316.23 93.08 289 0.12 0.01    
    incl. 261.44 284.85 23.41 1,035 0.34 0.01    
DSS505014 5050   59.40 69.57 10.17 59 0.05 0.00    
      85.50 92.83 7.33 182 0.02 0.01    
      202.53 272.37 69.84 99 0.07 0.01    
    incl. 202.53 233.00 30.47 203 0.10 0.01    
DSS505015 5050   37.51 40.12 2.61 42 0.01 0.00    
      72.97 77.70 4.73 77 0.95 0.05    
      89.50 96.56 7.06 33 0.03 0.01    
      179.50 186.15 6.65 33 0.02 0.01    
DSS505018 5050   55.30 58.00 2.70 147 0.01 0.02    
      71.95 74.41 2.46 108 0.01 0.02    
DSS507504 5075   45.50 64.00 18.50 35 0.05 0.00    
      123.23 288.74 165.51 45 0.04 0.02    
DSS507505 5075   9.40 54.70 45.30 48 0.02 0.00    
      71.10 74.95 3.85 117 0.03 0.00    
      81.40 82.72 1.32 98 0.01 0.00    
      152.25 181.25 29.00 52 0.07 0.11    
      239.68 263.80 24.12 66 0.07 0.00    
DSS507506 5075   59.00 100.30 41.30 38 0.23 0.00    
      169.90 171.32 1.42 231 0.01 0.02    
DSS507507 5075   89.11 135.04 45.93 149 0.11 0.68    
    incl. 111.20 121.70 10.50 321 0.18 0.01    
DSS507508 5075   50.50 66.62 16.12 246 0.05 0.00    
    incl. 50.50 57.60 7.10 397 0.04 0.00    
      111.00 165.25 54.25 73 0.04 0.03    
    incl. 156.25 161.62 5.37 487 0.19 0.05    
DSS5215 52   45.32 68.12 22.80 86 0.02 0.00    
      185.37 219.22 33.85 46 0.07 0.02    
      264.73 269.75 5.02 189 0.03 0.00    
DSS522510 5225   5.30 53.39 48.09 176 0.02 0.00 11.04m mined out
      94.55 104.40 9.85 39 0.10 0.00    
      213.50 216.07 2.57 748 0.35 0.00    
DSS522512 5225   7.58 19.21 11.63 34 0.01 0.00    
      43.30 285.74 242.44 87 0.08 0.02 1.37m mined out
    incl. 86.90 95.15 8.25 755 0.08 0.00    
DSS525017 5250   39.55 185.35 145.80 137 0.03 0.03    
    incl. 39.55 48.37 8.82 388 0.01 0.00    
    incl. 75.66 127.19 51.53 268 0.04 0.00    
    incl. 181.87 185.35 3.48 442 0.11 0.06    
DSS525018 5250   19.60 27.05 7.45 33 0.14 0.80    
      94.06 116.58 22.52 110 0.03 0.01    
DSS525019 5250   90.45 93.04 2.59 155 0.01 0.00    
      106.02 111.38 5.36 124 0.05 0.00    
      131.90 208.00 76.10 62 0.02 0.02    
DSS527501 5275   35.11 209.10 173.99 101 0.06 0.11    
    incl. 82.05 127.50 45.45 277 0.12 0.01    
    incl. 206.00 209.10 3.10 334 0.14 1.08    
DSS527502 5275   21.33 145.29 123.96 47 0.02 0.00    
    incl. 33.80 37.64 3.84 1,032 0.09 0.00    
DSS527503 5275   83.65 101.70 18.05 91 0.12 0.03    
      138.48 155.30 16.82 58 0.05 0.12    
DSS5417 54   38.80 118.80 80.00 75 0.07 0.14    
    incl. 101.64 117.64 16.00 217 0.08 0.02    
      167.95 174.25 6.30 48 0.06 0.13    
DSS5418 54   25.21 27.21 2.00 112 0.05 0.00    
      36.54 37.90 1.36 119 0.08 0.03    
      69.62 73.45 3.83 50 0.07 0.00    
      107.24 140.00 32.76 70 0.05 0.02    
      200.36 202.38 2.02 253 0.08 0.95    
DSS5421 54   16.37 23.72 7.35 113 0.01 0.01    
DSS542501 5425   41.55 130.05 88.50 120 0.08 0.12    
    incl. 69.27 89.30 20.03 351 0.16 0.45    
DSS542502 5425   71.85 74.17 2.32 105 0.03 0.00    
      90.60 92.00 1.40 122 0.08 0.00    
      105.76 112.74 6.98 112 0.04 0.00    
      129.50 135.50 6.00 127 0.11 0.00    
DSS545009 5450   41.30 118.60 77.30 135 0.08 0.06 1.05m mined out
    incl. 69.33 79.25 9.92 627 0.22 0.00    
DSS545010 5450   38.10 40.41 2.31 197 0.12 0.01    
      80.20 134.87 54.67 141 0.08 0.02    
    incl. 83.14 90.62 7.48 488 0.27 0.01    
DSS545011 5450   23.15 30.57 7.42 71 0.00 0.01    
      39.47 49.88 10.41 112 0.10 0.27    
      66.32 68.80 2.48 60 0.03 0.01    
      88.75 93.00 4.25 123 0.08 0.05    
DSS545013 5450   57.36 90.82 33.46 107 0.05 0.07    
      106.04 119.30 13.26 87 0.07 0.00 2.12m mined out
      156.45 157.72 1.27 107 0.05 0.04    
DSS545014 5450   94.70 103.90 9.20 77 0.06 0.71    
      133.24 152.50 19.26 197 0.13 0.14    
      179.15 182.90 3.75 37 0.07 0.00    
DSS547501 5475   81.84 110.94 29.10 195 0.17 0.03    
    incl. 101.25 104.50 3.25 1,330 0.99 0.05    
DSS547502 5475   62.04 105.70 43.66 158 0.08 0.00    
DSS547503 5475   27.80 70.55 42.75 63 0.08 0.10    
DSS5610 56   39.52 42.00 2.48 192 0.00 0.00    
      61.01 146.59 85.58 98 0.05 0.01    
DSS5611 56   57.83 88.26 30.43 95 0.12 0.01    
    incl. 78.22 84.55 6.33 324 0.26 0.01    
DSS5612 56   25.56 56.13 30.57 45 0.03 0.02    
DSS562501 5625   53.29 111.20 57.91 133 0.06 0.00    
    incl. 62.50 76.45 13.95 292 0.09 0.00    
DSS562502 5625   35.00 89.87 54.87 112 0.07 0.01    
DSS562503 5625   14.60 24.38 9.78 33 0.02 0.01    
      55.00 58.80 3.80 127 0.05 0.00    
      82.69 89.53 6.84 103 0.05 0.00    
DSS565005 5650   34.56 99.85 65.29 157 0.10 0.00    
      145.60 148.23 2.63 232 0.03 0.00    
DSS565006 5650   19.91 84.37 64.46 250 0.09 0.01    
    incl. 40.00 60.70 20.70 613 0.16 0.01    
DSS565007 5650   29.24 47.70 18.46 82 0.02 0.01    
      83.45 87.53 4.08 75 0.05 0.00    
DSS565008 5650   10.14 11.37 1.23 174 0.03 0.02    
DSS565009 5650   1.00 6.11 5.11 116 0.05 0.01    
      34.30 35.50 1.20 114 2.53 0.06    
DSS627502 6275   100.97 187.15 86.18 45 0.05 0.11 4.78m mined out
DSS642503 6425   24.28 47.09 22.81 151 0.45 2.00    
      87.53 203.50 115.97 54 0.09 0.08    
DSS645005 6450   27.10 235.17 208.07 73 0.11 0.28    
    incl. 86.57 90.28 3.71 513 0.33 0.46    
    incl. 180.74 205.00 24.26 270 0.13 0.07    
DSS647503 6475   63.60 124.60 61.00 42 0.06 0.25    
      155.70 209.22 53.52 61 0.08 0.23    
DSS667503 6675   32.50 97.83 65.33 34 0.01 0.01    
DSS6803 68   19.12 35.85 16.73 52 0.00 0.00    
      121.80 161.50 39.70 52 0.15 0.03    

Notes:                    g/t = grams per metric tonne.

The table above is intended to show highlights of the drilling program only.  The intercepts shown are a weighted average of the sample lengths and grades of all of the samples within that intercept and may include some samples with grades less than 30 g/t silver.

Intersections may contain samples less than 30 g/t silver between higher grade subintervals.

Intervals are drill core length in meters.  True width of mineralization zones is estimated at about 80% of drill intervals based on current understanding of the relationship between drill direction and the mineralized structures.

 

Posted December 2, 2019
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