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Feature Company: New Pacific Metals (TSXV:NUAG)

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Today’s feature company is New Pacific Metals, a Canadian exploration and development company which owns the Silver Sand Project, in Bolivia, the Tagish Lake Gold Project in Yukon, Canada and the RZY Project in China.

Additional Information:

Company: New Pacific Metals
Website: http://www.NewPacificMetals.com
Stock Symbol: TSXV: NUAG
Date Published: Oct 1, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Today’s feature company is New Pacific Metals, a Canadian exploration and development company which owns the Silver Sand Project, in Bolivia, the Tagish Lake Gold Project in Yukon, Canada and the RZY Project in China.

The company’s flagship property is the Silver Sand Project in Bolivia.

The company owns another 5 early-stage exploration projects in Bolivia, which have been subject to either limited small-scale mining or historical drilling.

At 4,050 meters above sea level, the Silver Sand Project and the two newly acquired concessions are located approximately 25 kilometers northeast of the world famous Cerro Rico silver and base metal deposit, one of the earliest discoveries made by the Spanish colonials in the mid-1500s.

Access is relatively easy with a road distance of 54 kilometers to Potosi of which 27 kilometers is paved and the rest being year-round gravel road.

Silver Sand Project consists of three concessions of approximately 7 square kilometers.

The first stage of drilling started in late October 2017, and by mid-December 2018 the company completed a total of 55,000 meters of diamond coring drilling over 195 holes, of which silver mineralization was hit in 190 holes.

Based on the successful first stage of resource drilling program, a second stage of resource drilling started in late April 2019 after the local rainy season, with the company budgeting for total of 55,000 meters using 4 rigs.

To date, three batches of drill results totalling approximately 14,000 meters from 60 drill holes, including some step out drill holes, have been released.

The results continuously show wide silver mineralization intervals for both in-fill and step-out holes.

The company expects to issue a NI 43-101 Resource by the 1st Quarter of 2020.

Grab samples from surface dump sites and from artisanal mining tunnels show promising silver grades.

Based on samples from hundreds surface dump sites and from artisanal mining tunnels surrounding the Silver Sand that demonstrated similar silver mineralization, the company believes the silver mineralization could extend up to 7 kilometers in length and 2 kilometers in width.

A drill permit has been obtained with additional drilling planned for 2020.

The shares are trading at $4.30.

For more information, please visit the company’s website at www.NewPacificMetals.com, contact Gordon Neal, President, at 604-633-1368 or email info@NewPacificMetals.com.

I’m Megan Edwards for Investmentpitch Media