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New Pacific Continues Reporting Wide Drill Intercepts at Silver Sand Including an Intercept of 93.5 Metres Grading 336 Grams per Tonne Silver

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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Quality Assurance and Quality Control

About New Pacific

For further information, contact: 

New Pacific Metals Corp.
Gordon Neal
President
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in this news release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuating equity prices, bond prices, commodity prices; calculation of resources, reserves and mineralization, foreign exchange risks, interest rate risk, foreign investment risk; loss of key personnel; conflicts of interest; dependence on management and others. 

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. 

The Company’s forward-looking statements or information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements or information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements or information.

CAUTIONARY NOTE TO US INVESTORS

This news release has been prepared in accordance with the requirements of NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards, which differ from the requirements of U.S. Securities laws.  NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.


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