New Pacific Metals Corp. reported assay results from a deep drill hole DCAr0096 from the 2022 drill program at its Carangas Silver-Gold Project, Oruro Department, Bolivia. To date, assay results of 86 drill holes from the 115 holes drilled in 2022 have been received and released while results of the remaining 29 drill holes are pending.

Hole DCAR0096 Drill Results: Hole DCAr0096 stepped out 60 m from hole DCAr0044 towards the northeast at the East Dome and was drilled to the southwest at a 252-degree azimuth. As reported on August 8, 2022, hole DCAr0044 intercepted 515 m (from 266 m to 781 m) grading 1.10 g/t Au and 6 g/t Ag, including 88 m grading 2.57 g/t Au, 9 g/t Ag and 0.12% Cu. Starting from surface, Hole DCAr0096 first intersected a silver horizon with a 164 m interval grading 94 g/t Ag, 0.65% Pb and 1.72% Zn, including a 44 m interval grading 289 g/t Ag, 1.61% Pb and 4.00% Zn.

Then from 192 m to 319 m a polymetallic Pb-Zn-Au zone was intercepted with a 127 m interval grading 0.24 g/t Au, 5 g/t Ag, 0.26% Pb and 0.54% Zn. Further down hole DCAr0096, from 333 m to 857 m, a gold zone similar to hole DCAr0044 was intercepted with a 524 m interval at 1.24 g/t Au and 8 g/t Ag, including 51 m at 4.56 g/t Au and 0.10% Cu, and 35 m at 3.35 g/t Au, 8 g/t Ag and 0.20% Cu. Hole DCAr0096 has extended the thick gold mineralization at least 60 m to the northeast.

The most interesting finding from this hole is that high grade gold intervals occur in rhyolites with disseminated pyrite preferentially along flow-banded textures, as shown in drill core. In addition, high gold assay grades also occur along the contacts of rhyolites with strongly altered volcanoclastic rocks, implying that gold mineralization is related to the rhyolite intrusion. The mineralized rhyolites in hole DCAr0096 are likely part of a feeder zone to the northeast whereas previously, gold mineralization was thought to have extended to the south at depth.