New Pacific Metals Corp (TSX: NUAG) (NYSE: NEWP) Interview Dr. Peter Megaw - RICH TV LIVE
Channel: RICH TV LIVE
Date: 25/05/2022

New Pacific Metals Corp (TSX: NUAG) (NYSE: NEWP) Interview Dr. Peter Megaw - RICH TV LIVE - Dr. Peter Megaw, Ph.D., C.P.G. - May 25, 2022 - #newpacificmetals #silver #richtvlive #business #news #finance #stocks #trading #investing #gold #metals #mining #bolivia

New Pacific Metals is a Canadian company focused on the exploration and development of precious metals properties. Our flagship project is the newly discovered Silver Sand Project, located in Bolivia. Silver Sand is Bolivia’s largest silver discovery in the last 30 years. It is also one of the more significant silver discoveries globally in the last decade. Advanced studies at Silver Sand, including a Preliminary Economic Assessment, are in progress in addition to a resource expansion drill program. New Pacific is also conducting regional exploration at its Carangas and Silverstrike projects, with initial discovery drill programs planned for 2021.

Led by a team of mine builders and operators with a proven track record of resource discovery and development, New Pacific is well-financed to deliver on its value-creation strategy. We are focused on progressing the development of our precious metals properties in Bolivia. 

New Pacific Metals Corp. ("New Pacific" or the "Company") (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 (the "Carangas Project" or the "Project"). 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 ("m").

Highlights
Hole DCAr0031 was 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 ("g/t") gold ("Au") and 7 g/t silver ("Ag"), 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 ("Cu") (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 ("Pb") and 1.72% zinc ("Zn") 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 .

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