We are barely into the third month of the year, but New Pacific Metals Corp. (NUAG:TSX.V; NUPMF:OTCQX) has been moving nonstop, announcing major land expansion news and off-the-charts drill results.
In January, the company announced a major land expansion of its Silver Sand project in Bolivia though an agreement with Corporación Minera de Bolivia (COMIBOL) granting New Pacific the right to carry out exploration, mining and production on lands adjoining Silver Sand.
"Silver Sand is a significant discovery." - Joe Reagor, ROTH Capital Partners
New Pacific released drill results from Silver Sand. It has drilled 55,000 meters in 195 holes and has released assay results in stages. The first release covered 98 holes, and mineralization was found in 94 of the 98. This news was followed by the release of the remaining 97 holes; near-surface mineralization was found in 190 of the total 195 holes.
"These were exceptional results that argue for a massive silver resource." - Brien Lundin, Gold Newsletter
Brien Lundin, in the February issue of Gold Newsletter, noted that the drill results "were well worth the wait. . . These assays give a sense of the tremendous scope of the Silver Sand project. Company founder Rui Feng is not one to pursue small projects, and this one is no exception. These were exceptional results that argue for a massive silver resource."
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Disclosures from ROTH Capital Partners, New Pacific Metals Corp., Company Note, February 20, 2019
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