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To: LoneClone who wrote (164695)

4/6/2022 3:33:36 PM

From: LoneClone

Read Replies (1) | Respond to of 195465

New Pacific Intersects 86.03 Metre Interval Grading 229 grams per tonne Silver at the Silver Sand Project

ca.finance.yahoo.com

Wed, April 6, 2022, 3:55 a.m.·13 min read

VANCOUVER, BC, April 6, 2022 /CNW/ - New Pacific Metals Corp. ("New Pacific" or the "Company") (TSX: NUAG) (NYSE American: NEWP) is pleased to announce the assay results of the 2021-2022 drill programs at Silver Sand. The 2021 drilling programs comprise structure orientation drilling, step-out and infill drilling as well as exploration drilling. Assay results of all drill holes completed in 2021 have been received, and results of 13 holes from 48 holes in 10,520 metres ("m") completed to date in 2022 have been received. For the 2022 drill program, the Company plans to complete a total 15,000 m of step-out and in-fill drilling by the end of April. Assay results are summarized in Table 1 and drill hole specifications are presented in Table 2.

HIGHLIGHTS

Drill hole DSS529001 intersected an interval of 86.03 metres ("m") grading 229 gram per tonne ("g/t") silver ("Ag") from 37.90 m to 123.93 m, including 15.35 m grading 734 g/t Ag from 37.90 m to 53.25 m. This is an infill hole completed in 2022 and confirmed the continuity of high grade mineralization in the core area of Silver Sand.

Drill hole DSS507513 intersected an interval of 39.60 m grading 225 g/t Ag from 56.70 m to 96.30 m, including 11.84 m grading 434 g/t Ag from 84.46 m to 96.30 m. This is a step-out hole completed in 2022 on the eastern end of drill grid in the core area of Silver Sand

Drill hole DSS487502 intersected an interval of 38.18 m grading 148 g/t Ag from 82.49 m to 120.67 m. This is a step-out hole drilled in 2022 on the eastern end of drill grid in the core area of Silver Sand.

Drill hole DSS487504 intersected an interval of 26.90 m grading 189 g/t Ag from 190.30 m to 217.20 m, including 7.20 m grading 641 g/t Ag from 190.30 m to 197.50 m. This is a step-out hole drilled in 2022 to test the depth extension of mineralization in the core area of Silver Sand.

Drill hole DSS5423 intersected an interval of 48.22 m grading 104 g/t Ag from 73.00 m to 121.22 m. This is an infill hole drilled in 2022 to confirm the continuity of mineralization in the core area of Silver Sand.

Drill hole DSS-21-1004 intersected an interval of 53.34 m grading 114 g/t Ag from 66.72 m to 120.06 m. This is an orientation hole drilled in 2021 to confirm the attitude (dip and dip direction) of mineralized structures in the core area of Silver Sand.

Drill hole DSS-21-1009 intersected an interval of 50.85 m grading 100 g/t Ag from 70.50 m to 121.35 m, including 10.31 m grading 354 g/t Ag from depth 70.50 m to 80.81 m. This is an orientation hole drilled in 2021 to confirm the attitude (dip and dip direction) of mineralized structures in the core area of Silver Sand.

Drill hole DSS-21-1011 intersected an interval of 58.45 m grading 110 g/t Ag from depth 29.20 m to 87.65 m. This is an orientation hole drilled in 2021 to confirm the attitude (dip and dip direction) of mineralized structures in the core area of Silver Sand.

Drill hole DSS-21-3017 intersected an interval of 54.42 m grading 172 g/t Ag from 11.22 m to 65.64 m, including 4.50 m grading 1,070 g/t Ag from 17.40 m to 21.90 m. This is a step-out hole drilled in 2021 which was abandoned due to drill difficulty caused by historical underground mining voids.

2021 DRILL PROGRAMS

Drill programs in 2021 comprised of structural orientation drilling, step-out drilling, and depth exploration drilling for a total metreage of 13,313.7 m in 55 holes (Table 1).

Structural orientation drilling was carried out at three spots in the northern edge of the Silver Sand core area. The Boart Longyear TruecoreTM system was employed and a total of 4,626.7 m in 32 holes (holes DSS-21-1001 to DSS-22-1032) were completed at a hole spacing of 5 m along three cross sections. Detailed structural logging and assays of the oriented drill cores confirmed previous understanding of the orientation of mineralized structures and resource model which are dominantly striking in the direction of north northwest and dipping in direction of west at high angles which is also evidenced at surface outcrops and historical underground workings.

Step-out drilling in 2021 was carried out mainly outside of the major mineralized trends aiming to discover new mineralized zones. These holes (holes DSS-21-3001 to DSS-21-3014) intersected multiple relatively narrow mineralized zones at various depth, such as hole DSS-21-3008 which intersected an interval of 7.47 m grading 275 g/t Ag and hole DSS-21-3010 which intersected an interval of 5.65 m grading 158 g/t Ag, indicating that there are multiple smaller satellite mineralized zones between the major mineralized trends. Other three holes (DSS-21-3015, DSS-21-3017, and DSS-21-3018) were drilled parallel to the dipping direction of the mineralization zones along the gaps between previously intersected zones.

Three depth drill holes (holes DSS-21-4001, DSS-21-4002, and DSS-21-4003) designed to test the extension of mineralization at further depth were completed in 2021 for a total metreage of 1,752.3 m. Hole DSS-21-4001 intersected an interval of 7.18 m grading 285 g/t Ag from depth 202.82 m to 210.00 m, and hole DSS-21-4002 intersected an interval of 4.16 m grading 357 g/t Ag and 2.84% zinc from 407.44 m to 411.60 m. Hole DSS-21-4003 did not intersect any significant mineralized interval as it was drilled in the west hanging wall of the major mineralized trend.

2022 DRILL PROGRAMS

The 2022 Drill program is planned at 15,000 m of infill and step-out drilling. The aim of the resource infill drilling is to improve the confidence in the continuity of mineralization in the core area of Silver Sand and upgrade resource categories, and the step-out drilling is to test the extension of the major mineralized zones up and down dip as well as on strike. As of March 31, 2022, a total of 10,520 m in 48 holes were completed, for which assay results of 13 holes have been received (Table 1). The 2022 drill programs are expected to be completed by the end of April or early May 2022 as planned.

As reported in the news release dated February 8, 2022, the Company has selected a PEA study specialist to complete the Preliminary Economic Assessment ("PEA") report. All assays for the 2022 drilling are expected to be received by the end of June, and a mineral resource estimate updated by September 2022 to be included in the planned PEA by the end of 2022.

Table 1 Summary of Drill Intercepts
Hole_ID		Depth_from	Depth_to	Interval_m	Ag_g/t	Pb_%	Zn_%
DSS-21-1001		35.67	56.15	20.48	39	0.01	0.00
		80.05	81.20	1.15	101	0.03	0.01
		101.50	120.18	18.68	108	0.10	0.03
DSS-21-1002		37.45	45.70	8.25	44	0.01	0.00
		90.40	118.45	28.05	108	0.12	0.04
DSS-21-1003		83.10	106.25	23.15	137	0.17	0.02
	incl.	100.80	105.15	4.35	525	0.32	0.06
DSS-21-1004		66.72	120.06	53.34	114	0.11	0.03
DSS-21-1005		58.45	72.23	13.78	31	0.10	0.08
		84.76	110.60	25.84	55	0.10	0.01
		137.27	140.81	3.54	39	0.03	0.02
DSS-21-1006		54.00	69.75	15.75	48	0.11	0.21
		77.00	123.00	46.00	49	0.06	0.04
DSS-21-1007		52.30	60.69	8.39	106	0.07	0.03
		81.30	98.50	17.20	40	0.05	0.01
DSS-21-1008		35.96	59.24	23.28	39	0.06	0.04
		77.88	95.03	17.15	116	0.09	0.01
DSS-21-1009		36.15	44.26	8.11	28	0.06	0.04
		49.37	57.20	7.83	27	0.10	0.08
		70.50	121.35	50.85	100	0.06	0.02
	incl.	70.50	80.81	10.31	354	0.19	0.02
DSS-21-1010		32.00	53.40	21.40	54	0.09	0.03
		64.72	74.78	10.06	124	0.12	0.01
		88.83	96.38	7.55	33	0.04	0.01
		125.12	127.30	2.18	53	0.07	0.30
DSS-21-1011		29.20	87.65	58.45	110	0.07	0.10
DSS-21-1012		50.20	65.00	14.80	26	0.09	0.05
		75.10	88.70	13.60	152	0.13	0.00
DSS-21-1013		41.20	42.43	1.23	267	0.23	0.02
		50.25	59.47	9.22	31	0.06	0.03
		73.18	89.65	16.47	122	0.08	0.01
DSS-21-1014		51.95	65.40	13.45	38	0.09	0.22
		80.85	97.70	16.85	81	0.09	0.01
DSS-21-1015		54.25	59.70	5.45	30	0.03	0.01
		81.39	90.90	9.51	95	0.37	0.01
		98.75	100.18	1.43	91	0.06	0.01
		105.90	108.52	2.62	68	0.02	0.01
DSS-21-1016		80.90	114.24	33.34	94	0.11	0.02
	incl.	80.90	85.60	4.70	360	0.43	0.06
DSS-21-1017		79.12	81.35	2.23	586	0.88	0.04
		108.10	123.32	15.22	42	0.04	0.00
DSS-21-1018		66.10	89.00	22.90	174	0.12	0.01
DSS-21-1019		14.30	19.32	5.02	112	0.02	0.03
		23.95	30.70	6.75	34	0.01	0.00
		67.57	75.50	7.93	32	0.02	0.00
DSS-21-1020		75.40	84.32	8.92	72	0.08	0.01
		93.00	96.55	3.55	42	0.06	0.01
DSS-21-1021		95.70	99.08	3.38	81	0.18	0.01
DSS-21-1022		96.69	99.09	2.40	191	0.34	0.01
DSS-21-1023		81.50	87.02	5.52	555	0.33	0.02
DSS-21-1024		13.81	18.70	4.89	22	0.00	0.01
		66.50	70.20	3.70	102	0.05	0.02
DSS-21-1025		9.81	11.00	1.19	117	0.00	0.01
		66.00	74.77	8.77	131	0.11	0.02
		92.40	93.55	1.15	352	0.45	0.00
DSS-21-1026		67.05	70.35	3.30	43	0.13	0.14
DSS-21-1027		13.00	17.91	4.91	33	0.05	0.01
		71.00	72.00	1.00	101	0.05	0.00
		103.74	104.90	1.16	161	0.07	0.01
DSS-21-1028		69.50	71.70	2.20	85	0.07	0.02
DSS-21-1029		106.32	107.40	1.08	2390	0.32	0.03
DSS-21-1030		19.11	50.40	31.29	142	0.11	0.00
		82.25	123.25	41.00	53	0.09	0.00
		150.00	151.25	1.25	116	0.19	0.00
DSS-21-1031		16.88	33.45	16.57	29	0.02	0.00
DSS-21-2001		235.12	237.55	2.43	36	0.23	0.03
DSS-21-3001		7.17	9.50	2.33	91	0.06	0.01
		129.09	132.95	3.86	224	0.10	0.00
		156.24	157.29	1.05	104	0.16	0.29
		168.50	170.00	1.50	406	0.03	0.26
DSS-21-3002		80.10	98.48	18.38	82	0.10	0.07
		105.96	110.49	4.53	52	0.06	0.00
DSS-21-3003		82.50	91.43	8.93	44	0.06	0.18
		101.80	114.30	12.50	48	0.11	0.19
DSS-21-3004		No Significant Intercepts
DSS-21-3005		44.34	49.00	4.66	76	0.02	0.00
		147.95	149.15	1.20	509	0.26	1.17
DSS-21-3006		237.65	253.70	16.05	39	0.10	0.00
DSS-21-3007		No Significant Intercepts
DSS-21-3008		31.93	39.40	7.47	275	0.07	0.00
		453.22	454.30	1.08	694	0.88	0.39
		488.83	490.60	1.77	203	0.19	0.74
DSS-21-3009		182.70	188.80	6.10	50	0.11	0.77
DSS-21-3010		34.90	40.55	5.65	158	0.07	0.00
		184.50	186.40	1.90	85	0.05	0.02
DSS-21-3011		No Significant Intercepts
DSS-21-3012		122.50	132.53	10.03	94	0.13	0.04
DSS-21-3013		241.82	246.23	4.41	54	0.54	2.32
		300.00	301.00	1.00	138	0.21	2.49
		328.70	332.00	3.30	138	0.03	0.41
DSS-21-3014		78.05	80.58	2.53	65	0.43	0.03
DSS-21-3015		9.82	12.30	2.48	144	0.07	0.00
		29.36	41.88	12.52	101	0.29	0.00
		50.20	52.80	2.60	100	0.09	0.00
		64.08	91.07	26.99	62	0.72	0.03
		102.45	103.93	1.48	100	0.49	0.11
		112.78	139.50	26.72	29	0.12	0.23
		149.74	160.70	10.96	50	0.14	0.55
		348.85	353.58	4.73	92	0.01	0.06
DSS-21-3016		73.60	76.00	2.40	112	0.74	0.03
		94.15	99.19	5.04	70	2.38	0.09
DSS-21-3017		11.22	65.64	54.42	172	0.08	0.01
	incl.	17.40	21.90	4.50	1070	0.44	0.00
DSS-21-3018		9.40	30.83	21.43	37	0.03	0.00
		38.10	72.45	34.35	84	0.25	0.01
DSS-21-4001		65.50	78.53	13.03	158	0.02	0.01
		107.35	115.00	7.65	47	0.05	0.00
		202.82	210.00	7.18	285	0.04	0.01
DSS-21-4002		65.75	71.20	5.45	60	0.01	0.00
		78.00	79.50	1.50	177	0.01	0.00
		407.44	411.60	4.16	357	0.26	2.84
DSS-21-4003		No Significant Intercepts
DSS-22-1032		15.37	20.45	5.08	41	0.03	0.03
		64.20	65.60	1.40	1845	0.38	0.03
		99.85	101.10	1.25	459	0.21	0.00
DSS5423		32.00	41.50	9.50	51	0.01	0.01
		73.00	121.22	48.22	104	0.05	0.01
...