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Wide Drill Intercepts At The Silver Sand Project In Bolivia

VANCOUVER, BC - New Pacific Metals Corp. reported 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. Since the release of assay results of second batch of 31 drill holes this August, the Company has received assay results of an additional 20 drill holes from Silver Sand Project which were drilled to infill the drill grid to a density of 25 metres by 25 metres to confirm continuity of mineralization in selected areas drilled in 2018.  Holes were approximately oriented at azimuths of 60 degrees with dips of -45 degrees normal to the strike and dip of mineralized structures.  All holes continuously intercept significant wide silver mineralization in fractures developed in bleached quartz sandstones.  Drill hole DSS525006 intersected the mineralized zone of 165.5m @ 204g/t Ag including a bonanza grade subzone of 45.0m @ 641g/t Ag.  The drill results indicate that high grade centres exist in broad mineralization.
To expedite drilling at Silver Sand, a fourth rig has arrived on site and has commenced drilling.  An initial NI 43-101 resource estimate is expected by the end of this year. HQ-size drill core samples from altered and mineralized intervals were split into halves by diamond saw, with an average sample length of between one to one and half metres at the Company’s core processing facility located in Betanzos, a small town located 20 kilometres from the project site.  Half core samples are stored in a secure core storage facility in Betanzos for future reference, and the other half core samples are shipped in securely sealed bags to ALS Global in Oruro, Bolivia for preparation, and ALS Global in Lima, Peru for geochemical analysis.  All samples are first analyzed by a multi-element ICP package (ALS code ME-MS41) with ore grade over limits for silver, lead and zinc further analyzed using ALS code OG46.  Further silver over limits are analyzed by gravimetric analysis.
Contact information is (604) 633-1368, [email protected], www.newpacificmetals.com.