Vancouver, British Columbia – August 27, 2019 – New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) is pleased to announce the assay results of the third batch of 20 drill holes from its wholly-owned Silver Sand Project located in the Department of Potosí, Bolivia. The assay results continue to show wide intervals of silver mineralization.
Highlights of significant drill intersections are summarized as follows (for a detailed list, please refer to Table-1 – Composited Drill Intersections of Mineralization below):
· Drill hole DSS522506, 165.5m @ 204g/t Ag from 73.8m to 239.3m,
incl. 93.5m @ 336g/t Ag from 73.8m to 167.3m,
incl. 45.0m @ 641g/t Ag from 116.3m to 161.3m;
· Drill hole DSS427501, 75.8m @ 128g/t Ag from 71.1m to 146.9m,
incl. 3.5m @ 746g/t Ag from 71.1m to 74.6m,
incl. 10.3m @ 266g/t Ag from 87.5m to 97.8m,
incl. 11.79m @ 293g/t Ag from 114.7m to 126.49m;
· Drill hole DSS4408, 140.71m @ 109g/t Ag from 38.29m to 179.0m,
incl. 14.24m @ 362g/t Ag from 38.29m to 52.53m,
incl. 9.8m @ 548g/t Ag from 134.3m to 144.1m;
· Drill hole DSS447502, 68.68m @ 153g/t Ag from 65.5m to 135.18m,
incl. 4.5m @ 1,140g/t Ag from 66.5m to 71.0m,
incl. 3.25m @ 851g/t Ag from 87.75m to 91.0m;
· Drill hole DSS5213, 179.9 m @ 88g/t Ag from 61.9m to 241.8m incl. 0.75m mined out,
incl. 17.1m @ 265g/t Ag from 114.9m to 132.0m,
incl. 13.17m @ 339g/t Ag from 173.98m to 187.15m;
· Drill hole DSS5214, 109.75m @ 96g/t Ag from 51.6m to 161.35m,
incl. 14.15m @ 250g/t Ag from 54.35m to 68.5m,
incl. 16.5m @ 228g/t Ag from 87.3m to 103.8m;
(True width of the mineralization is unknown, but based on the current understanding of the relationship between drill hole direction and the mineralized structures it is estimated that true width will approximate 80% of the down hole interval length. Please refer to Table-1 – Composited Drill Intersections of Mineralization below for details.)
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About New Pacific
For further information, contact:
New Pacific Metals Corp.
Phone: (604) 633-1368
Fax: (604) 669-9387
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This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year ended June 30, 2018 under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
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