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

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NEWS RELEASE

New Pacific Intersects 86.03 Metre Interval Grading

229 grams per tonne Silver at the Silver Sand Project

VANCOUVER, BRITISH COLUMBIA – APRIL 6, 2022 – 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 96.3 0 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.

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• Drill hole DSS5423 intersected an interval of 48.22 m grading 104 g/t Ag from 73.0 0 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 confirm ed

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.

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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

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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

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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

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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

DSS487502 82.49 120.67 38.18 148 0.10 0.01

DSS487503 35.15 49.86 14.71 72 0.01 0.07

85.06 111.88 26.82 43 0.06 0.01

DSS487504 190.30 217.20 26.90 189 0.00 0.01

incl. 190.30 197.50 7.20 641 0.16 0.05

DSS507511 62.23 145.11 82.88 85 0.06 0.00

161.12 163.79 2.67 227 0.11 0.02

183.62 194.49 10.87 174 0.13 0.00

DSS507512 66.95 68.25 1.30 280 0.04 0.00

DSS507513 56.70 96.30 39.60 225 0.01 0.16

incl. 84.46 96.30 11.84 434 0.04 0.44

DSS522517 16.85 20.45 3.60 35 0.07 0.07

25.50 50.82 25.32 32 0.05 0.38

60.90 76.46 15.56 176 0.10 0.11

82.00 83.10 1.10 149 0.02 0.01

DSS525024 14.00 51.46 37.46 41 0.08 0.68

DSS527507 66.34 72.70 6.36 240 0.00 0.00

86.00 90.60 4.60 54 0.00 0.00

113.10 122.70 9.60 212 0.00 0.00

DSS527509 20.65 55.35 34.70 33 0.02 0.10

87.45 104.60 17.15 101 0.01 0.01

DSS529001 37.90 123.93 86.03 229 0.05 0.06

incl. 37.90 53.25 15.35 734 0.05 0.01

DSS562505 21.95 48.95 27.00 29 0.02 0.02

DSS661001 52.60 53.80 1.20 235 0.13 0.01

67.60 91.46 23.86 74 0.06 0.08

105.00 157.60 52.60 49 0.08 0.18

incl. 105.00 111.71 6.71 194 0.05 0.01

201.30 210.10 8.80 40 0.48 1.73

232.11 233.32 1.21 497 0.32 0.43

Notes:

1. Drill location, altitude, azimuth, and dip of drill holes are provided in Table 2.

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2. Drill intercept is core length, and grade is length weighted. Leng th of drill intercept is close to true width of mineralization as

drilling is normal to both strike and dip of mineralized zones.

3. A cut-off of 20 g/t Ag is applied for calculation of length- weighted intercept. At times, samples lower than 20 g/t Ag may be

included in the calculation of consolidation of mineralized intercepts.

Table 2 Summary of Drill Hole Specifications

Hole_ID Easting Northing Altitude Depth_m Azi (°) Dip (°) Year Note

DSS-21-1001 234986.53 7856450.36 4100.01 173.50 60 -45 2021 Orientation Drill

DSS-21-1002 234989.67 7856452.21 4100.06 176.50 60 -45 2021 Orientation Drill

DSS-21-1003 234993.66 7856453.65 4100.92 170.60 60 -45 2021 Orientation Drill

DSS-21-1004 234997.92 7856456.89 4101.80 170.60 60 -45 2021 Orientation Drill

DSS-21-1005 235001.83 7856458.82 4102.44 170.60 60 -45 2021 Orientation Drill

DSS-21-1006 235005.76 7856461.32 4102.93 170.50 60 -45 2021 Orientation Drill

DSS-21-1007 235010.31 7856463.13 4103.07 170.30 60 -45 2021 Orientation Drill

DSS-21-1008 235013.06 7856465.94 4103.28 170.40 60 -45 2021 Orientation Drill

DSS-21-1009 235018.12 7856468.17 4103.48 170.50 60 -45 2021 Orientation Drill

DSS-21-1010 235020.96 7856469.98 4103.93 170.40 60 -45 2021 Orientation Drill

DSS-21-1011 235024.85 7856472.34 4104.13 209.40 60 -45 2021 Orientation Drill

DSS-21-1012 234961.68 7856354.50 4066.83 191.40 60 -45 2021 Orientation Drill

DSS-21-1013 235016.91 7856449.73 4103.11 170.40 60 -45 2021 Orientation Drill

DSS-21-1014 235011.15 7856459.21 4103.13 170.40 60 -45 2021 Orientation Drill

DSS-21-1015 235006.02 7856467.06 4102.63 170.40 60 -45 2021 Orientation Drill

DSS-21-1016 235002.87 7856476.44 4102.22 173.40 60 -45 2021 Orientation Drill

DSS-21-1017 234997.58 7856486.83 4101.57 170.40 60 -45 2021 Orientation Drill

DSS-21-1018 234889.85 7856859.96 4093.83 101.50 60 -45 2021 Orientation Drill

DSS-21-1019 234897.93 7856864.78 4095.19 107.50 60 -45 2021 Orientation Drill

DSS-21-1020 234906.18 7856869.10 4096.65 101.50 60 -45 2021 Orientation Drill

DSS-21-1021 234913.35 7856874.12 4097.52 104.50 60 -45 2021 Orientation Drill

DSS-21-1022 234921.36 7856879.01 4098.59 104.50 60 -45 2021 Orientation Drill

DSS-21-1023 234929.24 7856884.02 4099.30 101.50 60 -45 2021 Orientation Drill

DSS-21-1024 234923.67 7856850.40 4095.89 101.40 60 -45 2021 Orientation Drill

DSS-21-1025 234918.36 7856859.22 4096.26 104.40 60 -45 2021 Orientation Drill

DSS-21-1026 234913.44 7856868.18 4096.72 104.30 60 -45 2021 Orientation Drill

DSS-21-1027 234907.88 7856876.04 4096.76 107.40 60 -45 2021 Orientation Drill

DSS-21-1028 234901.49 7856884.20 4097.06 104.40 60 -45 2021 Orientation Drill

DSS-21-1029 234895.35 7856891.76 4097.14 107.40 60 -45 2021 Orientation Drill

DSS-21-1030 234699.67 7856417.18 4075.31 260.80 240 -65 2021 Orientation Drill

DSS-21-1031 234707.90 7856420.90 4075.05 44.80 240 -65 2021 Orientation Drill

DSS-22-1032 234893.18 7856862.21 4094.50 101.10 60 -45 2022 Orientation Drill

DSS-21-2001 234663.98 7857103.45 4102.91 242.15 85 -75 2021 Step-out

DSS-21-3001 235021.63 7856440.83 4103.23 344.20 220 -75 2021 Step-out

DSS-21-3002 234962.08 7856355.10 4066.96 302.10 100 -70 2021 Step-out

DSS-21-3003 234963.84 7856353.86 4066.82 299.00 160 -60 2021 Step-out

DSS-21-3004 234858.29 7856401.10 4053.77 401.20 10 -70 2021 Step-out

DSS-21-3005 234858.73 7856401.77 4053.78 398.10 80 -65 2021 Step-out

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DSS-21-3006 234858.02 7856401.86 4053.93 410.20 235 -60 2021 Step-out

DSS-21-3007 235199.86 7856202.35 4008.48 625.80 195 -50 2021 Step-out

DSS-21-3008 235085.09 7856235.37 3997.72 545.15 285 -70 2021 Step-out

DSS-21-3009 234878.95 7856302.36 4023.95 251.20 180 -60 2021 Step-out

DSS-21-3010 234881.67 7856304.12 4023.85 368.00 250 -65 2021 Step-out

DSS-21-3011 234878.21 7856302.90 4023.99 260.40 15 -75 2021 Step-out

DSS-21-3012 234879.13 7856300.83 4023.96 452.00 150 -60 2021 Step-out

DSS-21-3013 234877.38 7856304.89 4024.01 403.40 170 -45 2021 Step-out

DSS-21-3014 234802.15 7856774.91 4080.66 302.30 5 -65 2021 Step-out

DSS-21-3015 234771.69 7856198.68 3926.63 482.05 110 -60 2021 Step-out

DSS-21-3016 234767.54 7856872.96 4086.81 299.00 220 -65 2021 Step-out

DSS-21-3017 234813.35 7855918.38 4013.24 71.50 30 -55 2021 Step-out

DSS-21-3018 234771.51 7856199.09 3926.61 76.95 90 -58 2021 Step-out

DSS-21-3019 234815.00 7855918.00 4015.00 400.00 340 -50 2021 Step-out

DSS-21-4001 234885.57 7856912.56 4098.94 500.50 40 -80 2021 Exploration

DSS-21-4002 234886.73 7856593.51 4084.56 715.95 235 -65 2021 Exploration

DSS-21-4003 234593.41 7856182.06 3939.59 535.85 135 -65 2021 Exploration

DSS487502 234921.41 7856758.51 4090.24 172.80 60 -45 2022 Step-out

DSS487503 234947.97 7856775.64 4092.91 145.55 60 -45 2022 Step-out

DSS487504 234807.00 7856692.00 4078.00 302.10 60 -46 2022 Step-out

DSS507511 234831.47 7856590.16 4075.50 265.70 60 -45 2022 Step-out

DSS507512 234799.38 7856571.83 4067.66 302.10 60 -46 2022 Step-out

DSS507513 234985.08 7856681.56 4093.80 152.10 60 -45 2022 Step-out

DSS525024 235057.74 7856635.98 4101.80 155.10 60 -45 2022 Resource Infill

DSS527507 234962.81 7856549.88 4095.78 215.10 60 -45 2022 Step-out

DSS527509 235015.86 7856583.43 4100.47 182.10 60 -45 2022 Step-out

DSS529001 234918.44 7856512.87 4088.81 227.10 60 -45 2022 Resource Infill

DSS5423 234992.91 7856539.30 4098.26 191.10 60 -45 2022 Resource Infill

DSS562505 235063.41 7856440.15 4108.69 157.50 60 -45 2022 Step-out

DSS661001 234860.83 7855756.76 4028.63 295.30 60 -45 2022 Resource Infill

Notes:

1. Drill collar coordinate system is WGS1984 UTM Zone 20S.

2. Coordinate of drill collar is picked with Real Time Kinematics (RTK) GPS.

QUALITY ASSURANCE AND QUALITY CONTROL

All samples in respect of the exploration program at the Silver Sand Project, conducted by the

Company and discussed in this news release, are shipped in securely-sealed bags by New Pacific

staff in the Company’s vehicles, directly from the field to ALS Global in Oruro, Bolivia for

preparation, and ALS Global in Lima, Peru for geochemical analysis. ALS Global is an ISO 17025

accredited laboratory independent from New Pacific. All samples are first analyzed by a multi -

element ICP package (ALS code ME -MS41) with ore grade over specified limits for silver, lead

and zinc further analyzed using ALS code OG46. Further silver samples over specified limits are

analyzed by gravimetric analysis (ALS code of GRA21). Certified reference materials, various