New Pacific Metals Corp. together with its local Bolivian partner, reported assay results for another seven drill holes of the 2022 drill program at the Carangas Silver-Gold Project, Oruro Department, Bolivia (the "Carangas Project" or the " Project"). Assay results of drill intercepts are summarized with drill hole specifications provided that has been plotted.
The assay results reported here continue to expand silver and gold mineralization for the Carangas project, where near surface silver horizons are stacked over a broad bulk gold mineralization. To date in 2022, 21,980 meters ("m") in 43 drill holes have been completed at Carangas. Assay results for the twelve drill holes from the 2022 drilling program have now been received and released with the first five holes released on July 13, 2022.
The results for the remaining 31 holes are pending. The 2022 drill program is currently advancing well with five drill rigs.Deep Hole DCAr0044 was the 6th hole drilled into the emerging Gold Zone (See Press Release of February 23, May 17, and July 13, 2022) and successfully intersected 514 m grading 1.1 grams per tonne ("g/t") gold ("Au") The remaining other six holes are relatively shallow holes that targeted near-surface silver mineralization in the northern portion of the Central Valley. Drill highlights include: Gold Holele DCAr0044: 514.85 m interval (from 266.35 m to 781.2 m) grading 1.10 g/t Au and 6 g/t silverer ("Ag"), including higher grade intervals of 14.15 m (from 436.2 m to 450.35 m) grading 3.8 g/t Au, 11g/t Ag and 0.12% copper ("Cu"); 87.51 m interval (from 472.4 m to 559.91 m) grading 2.57 g/t Au, 9 g/t Ag and 0.12% Cu.
Silver Hole DCAr0041: 78.68 m interval (from 37.8 m to 116.48 m) grading 75 g/t Ag, 0.71% Pb and 0.69% Zn. Silver Hole DCAr0042: 79.2 m interval (from 53 m to 132.2 m) grading 77 g/t Ag, 0.73% Pb and 1.43% Zn. Silver Hole DCAr0045: 170.64 m interval (from 8.36 m to 179 m) grading 88 g/t Ag, 0.38% Pb and 0.61% Zn, including 72.17 m interval grading 150 g/t Ag.
Silver Hole DCAr0046: 74.67 m interval (from 7.68 m to 82.35 m) grading 102 g/t Ag, 0.9% Pb and 0.36% Zn. Silver Hole DCAr0047: 19.95 m interval (from 77.5 m to 97.45 m) grading 163 g/t Ag, 0.41% Pb and 1.31% Zn. Silver Hole DCAr0048: 33.96 m interval (from 142.5 m to 176.46 m) grading 104 g/t Ag, 0.42% Pb and 0.68% Zn.