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New Pacific Intersects 595.7 m Interval Grading 1.25 g/t Gold and 10.25 m Interval Grading 1,213 g/t Silver at the Carangas Project
New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP), together with its local Bolivian partner, announce the assay results of the last ten drill holes from the Discovery Drill Program completed in 2021 at the Carangas Silver-Gold Project, Oruro Department, Bolivia. Assay results of all 35 holes drilled in 2021 (Figure 1) have now been received and released. Drill intercepts of mineralization and hole specifications of the last ten holes are presented in Tables 1 and 2, respectively. Drilling is underway on the 2022 drilling program of up to an additional 40,000 metres.
Highlights
- Hole DCAr0031was drilled on section 24 at the Central Valley and intersected 595.7 m (from 161.55 m to 757.25 m) grading 1.25 grams per tonne gold and 7 g/t silver, including 98.9 m (from 457.3 m to 556.2 m) grading 2.58 g/t Au, 6 g/t Ag and 42.11 m grading 3.51 g/t Au, 2 g/t Ag and 0.1% copper (from 711.0 m to 753.11 m). This broad gold zone occurs beneath a silver horizon of 41.63 m grading 41 g/t Ag, 1% lead and 1.72% zinc from 62.37 m to 104 m. This hole was terminated in mineralization at a depth of 757.25 m due to difficult drilling conditions and capacity of the drill rig.
Gold mineralization intersected in hole DCAr0031, is hosted in strongly argillic-sericitized lithic tuff of dacitic composition with disseminated sulfides and cut by veinlets of pyrite and chalcopyrite, similar to the holes DCAr0020, DCAr0016 and DCAr0015 reported previously (Figure 2).
- Hole DCAr0032 was drilled at East Dome and intersected an interval of 194.70 m (from 18.3 m to 213.0 m) grading 33 g/t Ag, 0.37% Pb and 0.71% Zn, including a high-grade interval of 14.43 m (from 129.3 m to 143.73 m) grading 158 g/t Ag, 0.29% Pb and 0.25% Zn. This hole also intersected a high-grade interval of 10.25 m grading 1,213 g/t Ag, 1.2% Pb and 0.19% Zn from 319.89 m to 330.14 m.
- Hole DCAr0027 was drilled at the top of West Dome and intersected an interval of 72.7 m grading 116 g/t Ag and 1.34% Pb (from 1.78 m to 74.48 m) in the near-surface hydrothermal breccia horizon, including 35.73 m grading 213 g/t Ag and 1.46% Pb (from 12.95 m to 48.68 m).
- Hole DCAr0028 was drilled to the bottom of West Dome and intersected an interval of 190.97 m (from 10.47 m to 201.44 m) grading 65 g/t Ag, 0.48% Pb and 1.09% Zn, including high-grade intervals of 31.82 m (from 57.18 m to 89.0 m) grading 101 g/t Ag, 0.95% Pb and 2.59% Zn, and 17.03 m (from 178.9 m to 195.93 m) grading 347 g/t Ag, 1.01% Pb and 1.79% Zn.
- Hole DCAr0030 was drilled to the bottom of West Dome about 100 m to the north of hole DCAr0028 and intersected an interval of 160.10 m (from 35.57 m to 195.67 m) grading 65 g/t Ag, 0.32% Pb and 0.93% Zn, including a high-grade interval of 32.65 m (from 56.2 m to 88.85 m) grading 216 g/t Ag, 0.63% Pb and 1.65% Zn.
Nine holes in Table 1 were drilled at a shallow dip angle of -45 degrees targeting the near surface silver-rich polymetallic mineralization at various locations in Central Valley, West Dome and East Dome and intersected broad silver-rich mineralization near surface. The only deep hole, DCAr0031 was drilled at a higher dip angle of -68 degrees to a depth of 757.23 m, which intersected 595.7 m interval of gold. The gold mineralization may represent a feeder zone that is related to multi-stage rhyolitic/dacitic porphyry intrusive bodies.
| Table 1 Summary of Drill Intercepts
|
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| Hole_ID | Depth_from | Depth_to | Interval_m | Ag_g/t | Au_g/t | Pb_% | Zn_% | Cu_% | AgEq_g/t | |
| DCAr0026 | 8.00 | 355.64 | 347.64 | 19 | 0.02 | 0.32 | 0.85 | 0.01 | 60 | |
| incl. | 8.00 | 74.00 | 66.00 | 60 | 0.01 | 0.50 | 0.74 | 0.02 | 102 | |
| DCAr0027 | 1.78 | 74.48 | 72.70 | 116 | 1.34 | 0.02 | 0.02 | 157 | ||
| incl. | 12.95 | 48.68 | 35.73 | 213 | 1.46 | 0.03 | 0.02 | 258 | ||
| 266.26 | 268.74 | 2.48 | 22 | 1.17 | 2.13 | 0.02 | 130 | |||
| 337.70 | 352.90 | 15.20 | 38 | 0.10 | 0.26 | 0.01 | 51 | |||
| 393.57 | 394.72 | 1.15 | 229 | 0.10 | 1.39 | 1.03 | 0.08 | 312 | ||
| DCAr0028 | 10.47 | 201.44 | 190.97 | 65 | 0.48 | 1.09 | 0.02 | 118 | ||
| incl. | 57.18 | 89.00 | 31.82 | 101 | 0.95 | 2.59 | 0.02 | 219 | ||
| incl. | 178.90 | 195.93 | 17.03 | 347 | 1.01 | 1.79 | 0.06 | 443 | ||
| DCAr0029 | 4.84 | 33.92 | 29.08 | 31 | 0.36 | 0.01 | 0.01 | 42 | ||
| 57.43 | 119.59 | 62.16 | 28 | 0.43 | 0.49 | 0.01 | 58 | |||
| 145.00 | 165.00 | 20.00 | 31 | 0.15 | 0.48 | 0.01 | 52 | |||
| 185.62 | 191.14 | 5.52 | 30 | 0.22 | 0.50 | 0.01 | 53 | |||
| 215.94 | 239.20 | 23.26 | 31 | 0.20 | 0.54 | 0.02 | 56 | |||
| 282.87 | 293.35 | 10.48 | 29 | 0.19 | 0.44 | 0.01 | 50 | |||
| DCAr0030 | 35.57 | 195.67 | 160.10 | 65 | 0.32 | 0.93 | 0.01 | 107 | ||
| incl. | 56.20 | 88.85 | 32.65 | 216 | 0.63 | 1.65 | 0.03 | 292 | ||
| DCAr0031 | 62.37 | 161.55 | 99.18 | 21 | 0.02 | 0.55 | 1.38 | 0.04 | 90 | |
| incl. | 62.37 | 104.00 | 41.63 | 41 | 0.02 | 1.00 | 1.72 | 0.06 | 135 | |
| 161.55 | 757.25 | 595.70 | 7 | 1.25 | 0.08 | 0.08 | 0.07 | 108 | ||
| incl. | 457.30 | 556.20 | 98.90 | 6 | 2.58 | 0.04 | 0.02 | 0.09 | 200 | |
| incl. | 711.00 | 753.11 | 42.11 | 2 | 3.51 | 0.00 | 0.01 | 0.10 | 262 | |
| DCAr0032 | 18.30 | 213.00 | 194.70 | 33 | 0.37 | 0.71 | 0.01 | 85 | ||
| incl. | 129.30 | 143.73 | 14.43 | 158 | 0.29 | 0.25 | 0.03 | 390 | ||
| 319.89 | 330.14 | 10.25 | 1213 | 1.20 | 0.19 | 0.03 | 1257 | |||
| DCAr0033 | 21.04 | 151.74 | 130.70 | 36 | 0.39 | 1.12 | 0.01 | 86 | ||
| 210.37 | 259.35 | 48.98 | 27 | 0.23 | 0.84 | 0.01 | 63 | |||
| 280.65 | 288.53 | 7.88 | 20 | 0.64 | 1.25 | 0.01 | 82 | |||
| DCAr0034 | 57.13 | 544.40 | 487.27 | 17 | 0.04 | 0.19 | 0.40 | 0.01 | 39 | |
| incl. | 57.13 | 69.00 | 11.87 | 60 | 0.03 | 0.10 | 0.05 | 69 | ||
| incl. | 114.30 | 136.20 | 21.90 | 57 | 0.13 | 0.28 | 70 | |||
| incl. | 154.43 | 194.40 | 39.97 | 76 | 0.04 | 0.39 | 0.82 | 0.02 | 119 | |
| incl. | 521.48 | 540.80 | 19.32 | 20 | 0.18 | 0.82 | 1.96 | 0.11 | 133 | |
| 565.62 | 587.18 | 21.56 | 5 | 0.06 | 0.36 | 0.63 | 0.01 | 42 | ||
| DCAr0035 | 69.25 | 151.74 | 82.49 | 44 | 0.42 | 0.44 | 71 | |||
| incl. | 69.25 | 93.74 | 24.49 | 106 | 0.59 | 0.38 | 137 | |||
| 163.14 | 172.20 | 9.06 | 36 | 0.37 | 0.55 | 0.01 | 66 | |||
| 211.05 | 229.70 | 18.65 | 34 | 0.11 | 0.04 | 0.01 | 40 | |||
| Notes: | ||||||||||
| 1. | Drill location, altitude, azimuth, and dip of drill holes are provided in Table 2. | |||||||||
| 2. | Drill intercept is core length, and grade is length weighted. True width of mineralization is unknown due to early stage of exploration without adequate drill data. | |||||||||
| 3. | Calculation of silver equivalent (“AgEq”) is based on the long-term median of the August 2021 Street Consensus Commodity Price Forecasts, which are US$22.50/oz for Ag, US$0.95/lb for Pb, US$1.10/lb for Zn, US$3.40/lb for Cu, and US$1,600/oz for Au. The formula used for the AgEq calculation is as follows: AgEq = Ag g/t + Pb g/t * 0.0029 + Zn g/t * 0.00335 + Cu g/t * 0.01036 + Au g/t * 71.1111. This calculation assumes 100% recovery. Due to the early stage of the Project, the Company has not yet completed metallurgical test work on the mineralization encountered to date. | |||||||||
| 4. | A cut-off of 20 g/t AgEq is applied for calculation of length-weighted intercept. At times, samples lower than 20 g/t AgEq may be included in the calculation of consolidation of mineralized intercepts. | |||||||||
Figure 1. Simplified geology map and drill holes of the 2021 Discovery Drill Program at Carangas Project
Figure 2. DCAr0031 on section 24 was terminated in gold mineralization due to drill difficulty
Update on the 2022 Drilling Campaign
The Company currently has four drill rigs turning at the Carangas Project and plans to complete up to 40,000 m drilling this year. Of the four drill rigs, two rigs are testing the shallow silver horizon and the other two rigs are testing the gold mineralization at depth. So far, approximately 10,000 m have been completed in 15 holes. Assay results of 15 drill holes completed in 2022 are pending.
The Company has attempted to drill beyond 1,000 m depth to follow gold mineralization and has encountered thermal water at around 900 m depth. The Company is seeking to have a fifth rig capable of 1,500 m depth to test potential mineralization of rhyolitic bodies.
| Table 2 Summary of Drill Hole Locations for the Carangas Project | ||||||||||
| Hole_id | Easting | Northing | Altitude | Depth_m | Azimuth (°) | Dip (°) | Date_start | Date_complete | Target | |
| DCAr0001 | 538772.76 | 7905618.95 | 4041.21 | 300.40 | 120 | -55 | 6/21/2021 | 6/30/2021 | W. Dome | |
| DCAr0002 | 538770.64 | 7905615.47 | 4041.15 | 200.00 | 225 | -40 | 7/2/2021 | 7/8/2021 | W. Dome | |
| DCAr0003 | 538760.06 | 7905564.79 | 4026.90 | 150.00 | 240 | -40 | 7/8/2021 | 7/12/2021 | W. Dome | |
| DCAr0004 | 538825.50 | 7905612.16 | 4036.96 | 250.00 | 46 | -50 | 7/12/2021 | 7/16/2021 | W. Dome | |
| DCAr0005 | 538783.47 | 7905661.22 | 4053.84 | 250.00 | 151 | -40 | 7/16/2021 | 7/26/2021 | W. Dome | |
| DCAr0006 | 538963.00 | 7905485.07 | 3942.23 | 300.00 | 30 | -45 | 7/27/2021 | 8/3/2021 | W. Dome | |
| DCAr0007 | 539384.66 | 7905187.61 | 3936.85 | 300.00 | 20 | -45 | 8/4/2021 | 8/9/2021 | E. Dome | |
| DCAr0008 | 539333.52 | 7905281.06 | 3921.15 | 350.00 | 20 | -45 | 8/10/2021 | 8/15/2021 | E. Dome | |
| DCAr0009 | 539586.93 | 7905157.90 | 4006.31 | 250.00 | 20 | -45 | 8/16/2021 | 8/19/2021 | E. Dome | |
| DCAr0010 | 539181.76 | 7905464.48 | 3907.98 | 206.00 | 20 | -45 | 8/19/2021 | 8/24/2021 | C. Valley | |
| DCAr0011 | 539151.56 | 7905372.66 | 3907.46 | 250.00 | 20 | -45 | 8/26/2021 | 8/30/2021 | C. Valley | |
| DCAr0012 | 539118.40 | 7905290.73 | 3907.18 | 400.00 | 20 | -45 | 8/31/2021 | 9/12/2021 | C. Valley | |
| DCAr0013 | 538877.56 | 7905023.91 | 3911.64 | 584.00 | 50 | -45 | 9/13/2021 | 9/25/2021 | S. Dome | |
| DCAr0014 | 539076.98 | 7905212.97 | 3906.16 | 500.00 | 20 | -45 | 10/6/2021 | 10/13/2021 | C. Valley | |
| DCAr0015 | 539034.51 | 7905133.70 | 3905.39 | 600.00 | 20 | -45 | 10/6/2021 | 10/15/2021 | C. Valley | |
| DCAr0016 | 539001.02 | 7905050.01 | 3904.10 | 761.00 | 20 | -45 | 10/17/2021 | 10/31/2021 | C. Valley | |
| DCAr0017 | 539217.59 | 7905550.63 | 3907.29 | 311.00 | 20 | -45 | 10/15/2021 | 10/20/2021 | C. Valley | |
| DCAr0018 | 538788.93 | 7905507.35 | 4012.26 | 400.00 | 20 | -70 | 10/18/2021 | 10/27/2021 | W. Dome | |
| DCAr0019 | 539211.99 | 7905304.71 | 3907.55 | 353.00 | 20 | -45 | 10/21/2021 | 10/27/2021 | C. Valley | |
| DCAr0020 | 538841.11 | 7905102.85 | 3918.24 | 650.00 | 50 | -45 | 11/2/2021 | 11/13/2021 | S. Dome | |
| DCAr0021 | 538794.55 | 7905508.55 | 4012.67 | 350.00 | 77 | -45 | 10/28/2021 | 11/9/2021 | W. Dome | |
| DCAr0022 | 539250.95 | 7905397.84 | 3908.65 | 350.00 | 20 | -45 | 10/28/2021 | 11/3/2021 | C. Valley | |
| DCAr0023 | 539282.77 | 7905481.73 | 3908.50 | 300.00 | 20 | -45 | 11/4/2021 | 11/9/2021 | C. Valley | |
| DCAr0024 | 539191.18 | 7905204.23 | 3907.07 | 476.10 | 20 | -45 | 11/10/2021 | 11/16/2021 | C. Valley | |
| DCAr0025 | 538829.52 | 7905615.97 | 4036.95 | 200.00 | 250 | -40 | 11/10/2021 | 11/14/2021 | W. Dome | |
| DCAr0026 | 538990.16 | 7905279.65 | 3905.53 | 450.00 | 20 | -45 | 11/14/2021 | 11/22/2021 | C. Valley | |
| DCAr0027 | 538773.94 | 7905612.53 | 4041.03 | 401.00 | 200 | -60 | 11/15/2021 | 11/22/2021 | W. Dome | |
| DCAr0028 | 539040.73 | 7905409.95 | 3907.11 | 300.00 | 20 | -45 | 11/18/2021 | 11/22/2021 | C. Valley | |
| DCAr0029 | 538829.40 | 7905369.78 | 3966.60 | 300.00 | 55 | -45 | 11/24/2021 | 11/28/2021 | W. Come | |
| DCAr0030 | 539073.78 | 7905483.71 | 3908.83 | 257.00 | 20 | -45 | 11/23/2021 | 11/28/2021 | C. Valley | |
| DCAr0031 | 539049.54 | 7905156.60 | 3905.49 | 758.00 | 20 | -68 | 11/22/2021 | 12/18/2021 | C. Valley | |
| DCAr0032 | 539336.17 | 7905281.10 | 3921.04 | 400.00 | 75 | -45 | 11/29/2021 | 12/5/2021 | C. Valley | |
| DCAr0033 | 538879.37 | 7905252.35 | 3908.11 | 401.00 | 20 | -45 | 11/29/2021 | 12/4/2021 | W. Dome | |
| DCAr0034 | 538748.85 | 7905028.31 | 3905.85 | 600.00 | 50 | -50 | 12/5/2021 | 12/15/2021 | S. Dome | |
| DCAr0035 | 539308.99 | 7905554.21 | 3908.65 | 302.00 | 20 | -43 | 12/6/2021 | 12/12/2021 | C. Valley | |
| Total | 13,210.50 | |||||||||
| Notes: | ||||||||||
| 1. | Drill collar coordinate system is WGS1984 UTM Zone 19S. | |||||||||
| 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 Carangas 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). Gold is assayed firstly by ICP method then by fire assay with AAS finish (ALS code of Au-AA25). 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 has 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, including the flagship Silver Sand Project, the Silverstrike Project and the Carangas Project, all of which are located in Bolivia. The Company is focused on progressing the development of the Silver Sand Project, exploring the Carangas broad silver-gold Project, recently discovered in 2021 and initiating the exploration of the historic silver mining district of the Silverstrike Project.
Posted May 17, 2022
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New Break Resources Ltd. (CSE: NBRK) (OTCQB: NBRKF) (FSE: O91) has received results from the last four holes of a ten-hole, 1,996 metre summer drilling program in the Zavitz gold zone at the Company's 100% owned Moray gold project. In total, New Break has completed 5,372 metres of drilling in 32 drillholes in 2026. Moray is located 49 km southeast of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. Select results from the final four of ten holes drilled in the summer drilling program are presented below in Table 1, while drillhole collar locations are detailed in Table 2 in Appendix A. Table 1 – Moray Summer 2026 Final Drill Results Hole ID Length (m) From (m) To (m) Width (1) (m) Au Grade (2) (g/t) NBR-26-29 322.0 77.3 78.8 1.5 0.42 and 138.0 139.1 1.1 0.38 and 162.5 173.3 10.8 (3) 1.61 and 227.4 229.0 1.6 1.21 and 231.5 232.1 0.6 1.72 NBR-26-30 250.0 37.0 38.0 1.0 0.30 and 102.8 103.5 0.7 0.60 and 121.5 122.5 1.0 0.36 and 124.5 125.5 1.0 0.33 and 128.5 129.0 0.5 0.90 and 131.0 132.0 1.0 0.36 and 169.8 174.0 4.2 2.65 and 178.0 179.5 1.5 0.77 and 183.5 186.6 3.1 1.22 and 190.0 190.5 0.5 1.06 and 191.5 192.5 1.0 1.48 and 196.0 200.5 4.5 2.53 and 203.5 204.0 0.5 2.15 and 206.5 212.0 5.5 1.57 NBR-26-31 274.0 169.0 170.5 1.5 0.37 and 184.5 186.0 1.5 0.51 and 197.0 200.0 3.0 0.94 and 201.5 202.0 0.5 0.50 and 203.5 210.0 6.5 (3) 3.12 NBR-26-32 352.0 73.5 74.0 0.5 0.44 and 174.0 174.6 0.6 0.52 and 194.0 195.0 1.0 0.66 and 199.8 203.3 3.5 2.29 and 227.3 228.0 0.7 0.97 (1) Intervals are drill intersections and do not necessarily represent true widths. (2) All intervals are presented using a cut-off grade of 0.3 g/t Au and internal dilution of no more than 1.0 metres at grades less than 0.3 g/t Au and assays are not capped (see QA/QC Procedures). (3) Drill core photos shown in Appendix B. Figure 1 – Newly Reported Drillholes NBR-26-29, 30 Figure 2 – Newly Reported Drillholes NBR-26-30, 31, 32 Note: The bottom of NBR-26-30 deviated southeast and is represented in both sections. Figure 1: Section B-B1 incorporates drillholes NBR-26-06, 07, 08, 25, 26, 27, 28, 29 and part of 30. Gold mineralization extends southeast into the syenite as exhibited in NBR-26-29. NBR-26-30 is identified in both sections A-A1 and B-B1 as the drillhole was collared along section A-A1 but deviated southeast, intersecting gold mineralization in the mafic volcanics in section B-B1. Figure 2: A-A1 incorporates drillholes NBR-26-03, 04, 05, 23, 24, 30, 31 and 32. NBR-26-31 exhibits gold mineralization both within the syenite (at the contact) and within a "flow breccia" within the hematite altered mafic volcanic at the contact. NBR-26-32 is typified by blocky faulted ground with lamprophyre dykes and gold mineralization in the hematite altered mafic volcanics in a brecciated quartz vein with angular syenitic fragments. William Love, Chief Executive Officer of New Break commented, "Ongoing drilling this summer in the Zavitz gold zone continues to deliver significant gold values, with gold mineralization intercepted in every drillhole. As depicted in Figures 1 and 2, gold mineralization has been encountered predominantly within the mafic volcanics. Importantly, drillholes NR-26-29 and NR-26-32, the deepest drilled to date, demonstrate that gold mineralization extends into the syenite to the southeast at the contact with the mafic volcanics." He further noted, "The intrusive-mafic volcanic contact in the Zavitz gold zone has a distinctive magnetic high. This could be reflective of the higher proportion of iron in these mafic volcanics, which is associated with the higher gold values. This same magnetic and IP signature has been identified elsewhere in areas also believed to be along the intrusive-mafic volcanic contact. Drilling these never before tested targets with the goal of identifying gold mineralization similar to that encountered in the Zavitz zone represents the potential for significantly expanding the Moray gold discovery. There is also the belief that the Zavitz zone could represent the first of a series of stacked mineralized gold zones, which would point to the potential for a much larger gold system at depth. We plan to test this through deeper drilling directly into the Zavitz zone." About the Moray Gold Project The Moray property is located in the heart of the Ontario Abitibi greenstone belt, 49 km southeast of Timmins surrounded by a number of significant gold producing companies and existing mills (see Figure 3). The Young-Davidson gold mine operated by Alamos Gold Inc., with its 8,000 tonne per day mill is the closest and within a short trucking distance of approximately 45 km by road from Moray. The understanding of gold mineralization at Moray continues to evolve with each round of drilling. The occurrence of gold mineralization extending into the syenite to the southeast of the Zavitz zone and in the deepest drillholes is noteworthy given the presence of syenite-hosted mineralization at Young-Davidison. More recent examination of the drill core also suggests that the gold mineralization discovered to date may resemble an intrusion related style of deposit like Agnico Eagle's Upper Beaver gold deposit east of Kirkland Lake, as opposed to a structurally hosted gold system. Both Young-Davidson and Upper Beaver host multi-million ounce gold deposits. Figure 3 – Moray Location Map: Surrounding Gold Producers and Upper Beaver Gold Project Technical Content and Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Peter C. Hubacheck, P. Geo, consulting geologist to New Break, and an independent Qualified Person as defined by National Instrument 43-101. Mr. Hubacheck certifies that this news release fairly and accurately reflects the technical information and data presented. New Break conducts its exploration activities in accordance with CIM Best Practices Guidelines. QA/QC Procedures QA/QC procedures were executed to ensure all work is conducted in accordance with best practices. All drill core was sawn in half with one half of the core prepared for shipment and the other half retained for future verification. All core is under watch from the drill site to the core processing facility. Drill core is BQTK size and sample intervals range from 0.5 metres to 1.0 metres in length. Commercially prepared certified reference material ("CRM") standards and blanks were inserted with each shipment at a rate of 1 QAQC sample in every 12 core samples. Samples from New Break's 2026 Moray drilling program were analyzed at Activation Laboratories in Timmins, Ontario, which is ISO 17025 certified, by 30-gram fire assay with atomic absorption finish. Any sample assaying greater than 10.0 g/t Au was re-assayed with fire assay gravimetric analysis. Grade composite intervals over core lengths are calculated using a weighted average grade with a cut-off grade of 0.3 g/t Au. Up to 1.0 m of internal dilution (consecutive interval below cut-off grade) are included within specific geologic domains and alteration assemblages, except as otherwise noted. The composites are constrained geologically by metasomatic alteration processes sourcing from the Fiset syenite intrusion and contact mafic volcanic rocks. Elevated gold values are coincident with hematite, silica, sericite and pyrite mineralization within structurally prepared brecciated corridors flanking the intrusion. Intervals are not true widths and no top cutting has been applied to the higher gold values. About New Break Resources Ltd. New Break is a Canadian mineral exploration company focused on its Moray gold project located 49 km southeast of Timmins, Ontario, in a well-established mining camp within proximity to existing infrastructure, and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. Shareholders are also leveraged to exploration success in Nunavut, Canada, through New Break's 20% carried interest in the Sundog gold project and ownership of 6.0 million shares of Guardian Exploration Inc. (TSXV: GX). The Company is supported by a highly experienced team of mining professionals. Appendix A – Drillhole Data and Locations Table 2 – Moray Summer 2026 Drillhole Collar Locations Hole ID Length (m) UTM Easting UTM Northing UTM Elevation Azimuth (degrees) Dip (degrees) NBR-26-29 322.0 492703 5320285 363 220 -70 NBR-26-30 250.0 492708 5320329 363 220 -47 NBR-26-31 274.0 492708 5320329 363 220 -60 NBR-26-32 352.0 492708 5320329 363 220 -70 Total 1,198.0 Coordinates are reported in UTM Zone 17 North, with units in metres. Figure 4 – Zavitz Gold Zone – Surface Traces of 2025 and 2026 Drillholes. All of the drilling at Moray has been completed by Enviro North Exploration Inc. out of Sturgeon Falls, Ontario. Drilling in the Zavitz gold zone is shown in figure 4, with the 1,996 metres in 10 holes drilled this summer depicted in red, the 2,807 metres in 20 holes drilled from January to April 2026 shown in blue and the 1,817 metres in 8 holes drilled in 2025 shown in black. In total, 6,620 metres in 38 drillholes have been completed in the Zavitz gold zone, while New Break has completed a total of 5,372 metres in 32 drillholes of our planned 2026, 10,000 metre drilling program. Appendix B – Drill Core Photos From NBR-26-29 and NBR-26-31
New Break Resources Ltd. (CSE: NBRK) (OTCQB: NBRKF) (FSE: O91) ha... READ MORE
September 16, 2026
