Discovery Drill Hole Intercepts 72.4 Metre Mineralization Grading 279 Grams PER Tonne Silver, Including 33 Metre Mineralization Grading 517 Grams PER Tonne Silver at the Snake Hole Prospect, Silver SAND Project
NEWS RELEASE
Trading Symbol: TSX-V: NUAG
OTCQX: NUPMF
DISCOVERY DRILL HOLE INTERCEPTS 72.4 METRE MINERALIZATION GRADING 279 GRAMS PER TONNE
SILVER, INCLUDING 33 METRE MINERALIZATION GRADING 517 GRAMS PER TONNE SILVER
AT THE SNAKE HOLE PROSPECT, SILVER SAND PROJECT
Vancouver, British Columbia – January 13, 2020 – New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX:
NUPMF) (“New Pacific” or the “Company”) is pleased to announce the assay results of the first 19 holes
of the initial 24 hole, 6,000 metres, exploration d rill program at the Snake Hole prospect, Silver San d
Project, Bolivia. Snake Hole is one of nine high p riority silver targets identified by the Company an d is
located approximately 600 metres east of the core a rea of the Silver Sand Project. Fifteen of the
nineteen drillholes returned significant results de fining structurally controlled, sandstone-hosted, s ilver
mineralization similar to the main Silver Sand area. Drill highlights are as follows:
• DSS5218 - 72.44m @ 279g/t Ag from 60.5m to 132.94m including 32.96m @ 517g/t Ag from
84.95m to 117.9m;
• DSS525020 - 38.4m @ 143g/t Ag from 29.9m to 68.3m including 6.2m @ 749g/t Ag from 36.8m
to 43.0m; and
• DSS5217 - 11.12m @ 761g/t Ag from 149.48m to 160.
Details of drill intercepts are provided in Table-1, and drill location, azimuth and dip of holes provided in
Table-2.
SNAKE HOLE
The prospect consists of artisanal underground work ings on structures that trend NNW-SSE. The
workings and associated surface mine dumps were sta rted in the Spanish colonial era and have
continued sporadically to recent times. The workin gs are developed in altered (bleached) quartz
sandstones and are traceable over more than 1,000 metres strike length with widths varying from a few
metres up to 100 metres extent. Geochemical sampli ng of the workings and mine dumps returned
encouraging results typically ranging from 100g/t Ag to 300g/t Ag.
Surface mapping suggests that the mineralized fracture zone remains open to north where it potentially
trends undercover towards the Company’s Jisas prosp ect located approximately two kilometres to the
northwest.
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EXPLORATION DRILLING
Exploration drilling commenced in late August 2019 and a total of 24 drill holes were completed by
December for approximately 6,000 metres. The drill holes are predominantly oriented north 60 degrees
east with dips varying from 45 degrees to 80 degree s. This initial campaign has provided a drill test of
circa 750 metres of the structural zone with the re sults released covering approximately 400 metres of
the southern portion of the Snake Hole structural trend as currently defined.
The majority of the drill holes have intersected si lver mineralization as characterized by coarse grains of
sulfosalts (freibergite) in fractures of bleached s andstones with associated disseminated pyrite. Gra de
and thickness of mineralization increases to the north. Results from the five remaining holes which t est
the northern portion of the trend are pending and will be released upon receipt.
QUALITY ASSURANCE AND QUALITY CONTROL
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 sam ples
are stored in a secure core storage facility in Bet anzos 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 limi ts for silver, lead and zinc further analyzed using
ALS code OG46. Further silver over limits are analyzed by gravimetric analysis (ALS code of GRA21).
A standard quality assurance and quality control (“QAQC”) protocol was employed to monitor the quality
of sample preparation and analysis. Standards of certified reference materials and blanks were inserted
in normal core sample sequences prior to shipment t o lab at a ratio of 20:1 (i.e., every 20 samples
contain at least one standard sample and one blank sample). Duplicate samples of pulp rejects at a ratio
of 20:1 will be sent to a second internationally ac credited lab for check analysis. The assay results of
QAQC samples of standards and blanks did not show a ny significant bias of analysis or contamination
during sample preparation.
Technical information contained in this news release has been reviewed and approved by Alex Zhang, P.
Geo., Vice President of Exploration, who is a Qualified Person for the purposes of NI 43-101.
ABOUT NEW PACIFIC
New Pacific is a Canadian exploration and developme nt company which owns the Silver Sand Project in
Potosí Department, Bolivia and the Tagish Lake gold project in Yukon, Canada.
For further information, contact:
New Pacific Metals Corp.
Gordon Neal
President
Phone: (604) 633-1368
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Fax: (604) 669-9387
www.newpacificmetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the p olicies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Certain of the statements and information in this n ews release constitute “forward-looking information ” within the
meaning of applicable Canadian provincial securitie s laws. Any statements or information that express or involve
discussions with respect to predictions, expectatio ns, beliefs, plans, projections, objectives, assump tions or future
events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”,
“believes”, “plans”, “projects”, “estimates”, “assu mes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”,
“objectives”, “budgets”, “schedules”, “potential” o r variations thereof or stating that certain action s, events or
results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these
terms and similar expressions) are not statements o f historical fact and may be forward-looking statem ents or
information.
Forward-looking statements or information are subje ct to a variety of known and unknown risks, uncerta inties and
other factors that could cause actual events or res ults to differ from those reflected in the forward- looking
statements or information, including, without limit ation, risks relating to: fluctuating equity prices , bond prices,
commodity prices; calculation of resources, reserve s and mineralization, foreign exchange risks, inter est rate risk,
foreign investment risk; loss of key personnel; conflicts of interest; dependence on management and others.
This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statem ents or
information. Forward-looking statements or informat ion are statements about the future and are inheren tly
uncertain, and actual achievements of the Company o r other future events or conditions may differ mate rially from
those reflected in the forward-looking statements o r information due to a variety of risks, uncertaint ies and other
factors, including, without limitation, those refer red to in the Company’s Annual Information Form for the year
ended June 30, 2019 under the heading “Risk Factors ”. Although the Company has attempted to identify i mportant
factors that could cause actual results to differ materially, there may be other factors that cause re sults not to be as
anticipated, estimated, described or intended. Acco rdingly, readers should not place undue reliance on forward-
looking statements or information.
The Company’s forward-looking statements or informa tion are based on the assumptions, beliefs, expecta tions and
opinions of management as of the date of this news release, and other than as required by applicable s ecurities
laws, the Company does not assume any obligation to update forward-looking statements or information i f
circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any
other events affecting such statements or informati on. For the reasons set forth above, investors shou ld not place
undue reliance on forward-looking statements or information.
CAUTIONARY NOTE TO US INVESTORS
This news release has been prepared in accordance w ith the requirements of NI 43-101 and the Canadian Institute
of Mining, Metallurgy and Petroleum Definition Stan dards, which differ from the requirements of U.S. S ecurities
laws. NI 43-101 is a rule developed by the Canadia n Securities Administrators that establishes standa rds for all
public disclosure an issuer makes of scientific and technical information concerning mineral projects.
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Table 1 – Composited Drill Intersections of Mineralization
Hole_id Section Mineralized Intervals
From (m) To (m) Length (m) Ag_g/t Pb_% Zn_% note
DSS5015 50 126.76 132.21 5.45 67 0.05 0.05
DSS505016 5050 110.75 132.95 22.20 38 0.09 0.09
incl. 110.75 112.15 1.40 311 0.09 0.06
DSS505017 5050 No Significant Results
DSS5216 52 59.68 60.75 1.07 116 0.01 0.00
100.62 101.77 1.15 109 0.03 0.01
130.70 133.00 2.30 41 0.09 1.06
DSS5217 52 149.48 160.60 11.12 761 0.20 0.05
DSS5218 52 60.50 132.94 72.44 279 0.06 0.04
incl. 84.95 117.91 32.96 517 0.10 0.06
DSS5219 52 No Significant Results
DSS5221 52 No Significant Results
DSS525020 5250 29.90 68.30 38.40 143 0.03 0.01
incl. 36.80 43.00 6.20 749 0.09 0.03
104.00 133.82 29.82 49 0.06 0.06
DSS5419 54 35.30 36.77 1.47 212 0.07 0.00
114.84 116.00 1.16 122 0.03 0.56
125.47 126.97 1.50 405 0.24 0.31
DSS5420 54 30.28 32.75 2.47 37 0.00 0.00
DSS545012 5450 47.86 54.93 7.07 233 0.03 0.00
DSS5609 56 110.30 116.13 5.83 50 0.01 0.00
130.80 134.00 3.20 158 0.06 0.01
DSS565004 5650 42.28 44.50 2.22 313 0.08 0.00
104.12 113.50 9.38 35 0.00 0.00
DSS5809 58 No Significant Results
DSS5810 58 17.50 21.00 3.50 74 0.01 0.01
DSS5811 58 11.70 21.00 9.30 30 0.06 0.00
DSS5812 58 27.04 28.33 1.29 134 0.08 0.00
108.38 119.00 10.62 62 0.00 0.00 1.65m mined out
DSS5813 58 57.87 59.10 1.23 92 0.04 0.01
Notes: g/t = grams per metric tonne.
The table above is intended to show highlights of t he drilling program only. The intercepts
shown are a weighted average of the sample lengths and grades of all of the samples within that
intercept and may include some samples with grades less than 30 g/t silver.
Intersections may contain samples less than 30 g/t silver between higher grade subintervals.
Intervals are drill core length in meters. True wi dth of mineralization zones is unknown at this
point but estimated from 50% to 80% of drill interv als based on current understanding of
mineralized structures.
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Table 2– Location, Azimuth and Dip of Drill Holes
Hole_id Easting Northing Elevation Depth (m) Azimuth (°) Dip (°)
DSS5015 235,531.80 7,857,081.46 3,814.70 292.25 60 -45
DSS505016 235,564.09 7,857,039.71 3,805.84 287.30 60 -45
DSS505017 235,562.28 7,857,038.76 3,805.82 224.70 60 -80
DSS5216 235,594.50 7,857,002.24 3,797.39 263.30 60 -45
DSS5217 235,592.52 7,857,001.39 3,797.46 287.70 60 -80
DSS5218 235,592.95 7,857,001.73 3,797.49 230.60 60 -64
DSS5219 235,593.55 7,857,002.16 3,797.55 224.70 240 -80
DSS5221 235,593.08 7,857,001.84 3,797.60 251.6 240 -65
DSS525020 235,613.00 7,856,960.05 3,795.01 260.30 60 -45
DSS5419 235,634.12 7,856,915.86 3,792.87 248.30 60 -45
DSS5420 235,631.59 7,856,912.69 3,792.83 254.10 240 -40
DSS545012 235,654.97 7,856,865.25 3,794.96 236.30 65 -45
DSS5609 235,678.73 7,856,819.46 3,796.09 197.30 60 -45
DSS565004 235,707.19 7,856,777.10 3,801.70 206.30 60 -50
DSS5809 235,840.47 7,856,810.03 3,715.87 200.10 240 -40
DSS5810 235,840.45 7,856,811.46 3,715.71 116.10 195 -40
DSS5811 235,839.48 7,856,811.93 3,715.72 164.10 285 -40
DSS5812 235,734.31 7,856,735.69 3,809.59 236.30 60 -52
DSS5813 235,730.69 7,856,733.81 3,809.74 260.10 240 -40
Notes: coordinate system is WGS84, UTM20 South