• Gold: 1,642.60 -0.91
  • Silver: 18.45 -0.04
  • Euro: 1.084 -0.000
  • USDX: 99.337 -0.541
  • Oil: 53.38 -0.38

New Pacific Reports Final 2019 Drill Results from its Silver Sand Project, Bolivia - Continues to Return Broad Intervals of Near Surface Silver Mineralization

New Pacific’s Exploration Group is currently completing detailed geological and structural mapping and associated geochemical sampling on the wholly owned Silver Sand North Block which is located approximately two kilometres to the north of the Silver Sand deposit, including the recently acquired El Bronce Property (see the Company’s news release dated December 19, 2019 for details). The results will be utilized for subsequent target generation and initial drill testing. At the Silver Sand deposit the Company recently commenced a four-hole, 800 metres, metallurgical drill sampling campaign to support subsequent Preliminary Economic Assessment level studies including initial processing plant flow sheet design. Detailed structural, geological and geochemical modeling is ongoing which will be used for future advanced engineering (geotechnical, geometallurgical) studies and resource expansion target generation. 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 around the end of Q1 2020.

Kootenay Announces Drilling Begins at Columba High-grade Silver Project, Mexico

Kootenay President and CEO, James McDonald stated: "These next 6 months will be very exciting as we will have a steady flow of news from two drills at Columba while we follow up on the numerous high grades confirmed from the 2019 program. Not only that but we are preparing an inaugural drill program for our second high-grade vein property Copalito; expected to begin in the first quarter." The Company has contracted GlobeXplore, S.A. de C.V. of Hermosillo, Sonora, Mexico to conduct the drilling at Columba. Results of the drill program will be announced as soon as the assays are received and interpreted by the Company.

Golden Arrow Commences Drill Program at Indiana Gold-Copper Project

“The Indiana project is particularly exciting for us because in addition to its potential to host significant gold resources, it has permits in place and nearby processing infrastructure that significantly contributes to the production viability of the project,” stated Brian McEwen, VP of Exploration and Development for Golden Arrow. “The area has many additional excellent project opportunities and Indiana can become the driver and supporter of our acquisition program.”

Interview with Peter Spina: Is It Time To Give Up On Silver and Gold?

With stocks like Tesla setting new astronomical highs, almost by the day, while gold and silver continue to get pounded by the bullion banks, is it time to finally give up on the precious metals? If you’ve been invested in gold and silver over the past few years, there’s a good chance that question has entered your mind. Although perhaps that’s why I was so fortunate to have Peter Spina (who runs GoldSeek and SilverSeek) join me on the show to share his always insightful perspective.

Discovery Drill Hole Intercepts 72.4 Metre Mineralization Grading 279 Grams per Tonne Silver, Including 33 Metre Mineralization Grading 517 Grams per Tonne Silver at the Snake Hole Prospect

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. Drill highlights are as follows..

Santa's Stockings Have Silver

Massive upside breakouts are taking place across the precious metals sector. Many mining stocks, especially silver-oriented, are skyrocketing. How is it possible that silver stocks are ripping to one fresh new high after another, leaving bullion behind? Well, there is commercial trader bullion shorting activity on the COMEX. Money managers are buying silver stocks, not COMEX contracts, and it doesn’t take much money flowing into these stocks to push them dramatically higher. A COMEX silver price surge is coming though, because there are two big inflationary forces at play. First, the easing of trade tensions is opening the door for global growth in the late stage of the business cycle. That’s incredibly inflationary. Wage growth and consumer spending growth in China (Consumer spending growth is above 20% in some major Chinese cities now) is going to push prices higher in both China and the West. This growth-oriented inflation can be called “good inflation”.

New Pacific Acquires the Silverstrike Project, Bolivia

The Silverstrike Project, at an elevation of 4,000 to 4,500 metres (“m”), is located approximately 140 kilometres (“km”) southwest of La Paz, Bolivia or approximately 450 km northwest of New Pacific’s Silver Sand Project. The Silverstrike Project consists of nine (9) Special Temporary Authorizations (“ATEs”) with an area of approximately 13km2 currently in the process of conversion to ‘Mining Administrative Contracts’ before AJAM. The Vendor has also applied for exploration rights over areas surrounding the Silverstrike Project as part of the transaction.

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

Vancouver, British Columbia – December 2, 2019 – New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) 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 (“m”) 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.

New Pacific Announces the Appointment of Dr. Mark Cruise as Chief Operating Officer

“On behalf of New Pacific, we welcome Mark to our team,” said Dr. Rui Feng, Chief Executive Officer and Director of New Pacific. “We’re excited to secure the services of someone with his level of experience and calibre. Mark will be an incredible addition and his involvement should be very beneficial to our shareholders.”

Article Comments

Sponsored Links

Live SilverSeek Map