New Pacific Reports Continued Exploration Success at Silver SAND Including Wide Mineralization Intercept of 104.5 Metres Grading 183 Grams PER Tonne Silver
NEWS RELEASE
Trading Symbol: TSX-V: NUAG
OTCQX: NUPMF
NEW PACIFIC REPORTS CONTINUED EXPLORATION SUCCESS AT SILVER SAND
INCLUDING WIDE MINERALIZATION INTERCEPT OF 104.5 METRES GRADING 183 GRAMS PER TONNE SILVER
Vancouver, British Columbia – August 6, 2019 – New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: N UPMF)
(“New Pacific” or the “Company”) is pleased to anno unce the assay results of the second batch of 32 dr ill
holes from its wholly-owned Silver Sand Project loc ated in the Department of Potosí, Bolivia. The ass ay
results continue to show wide intervals of silver m ineralization. Currently there are three rigs oper ating on
site with a fourth rig to arrive in August to expedite drilling at Silver Sand. Of the 32 drill holes, 19 holes were
drilled to infill the drill grid to a density of 25 metres by 25 metres to confirm continuity of miner alization in
selected areas drilled in 2018, and 13 holes were d rilled step-out to the north testing extension of k nown
mineralized zones. Holes were approximately orient ed at azimuths of 60 degrees with dips of -45 degre es
normal to the strike and dip of mineralized structures.
All the infill drill holes intercepted significant silver mineralization in mineralized fracture zones similar to
those seen in the assay results for those holes com pleted in 2018 drill campaign and ongoing 2019 dril l
campaign; the first drill results of which were released on June 6, 2019. Holes drilled to the south of section
60 have encountered mined out intervals within zones of wide silver mineralization where higher grade silver
may have been selectively mined out in the past. T he step-out drill holes to the north of section 44 on the
eastern side of the mineral deposit also intercepte d significant silver mineralization evidenced by th e wide
intercepts in holes DSS4006 grading 174 g/t silver over 42.4 m and DSS422501 grading 183 g/t silver ov er
104.5 m, indicating that mineralization is open to the north.
Highlights of significant drill intersections are summarized as follows (for a detailed list, please refer to Table-
1 – Composited Drill Intersections of Mineralization below):
• Drill hole DSS4006, 42.4m @ 174g/t Ag from 108.1m to 150.5m;
• Drill hole DSS422501, 104.5m @ 183g/t Ag from 41.7m to 146.2m,
incl. 65.98m @ 282g/t Ag from 80.25m to 146.2m;
• Drill hole DSS427502, 153.57m @ 98g/t Ag from 56.93m to 210.5m,
incl. 5.55m @ 1475g/t Ag from 82.38m to 87.93m,
incl. 6.0m @ 681g/t Ag from 167.0m to 173.0m;
• Drill hole DSS522503, 181.27mm @ 100g/t Ag from 62.95m to 244.22m,
incl. 94.18m @ 177g/t Ag from 128.05m to 222.23m,
incl. 16.68m @ 754g/t Ag from 205.55m to 222.23m;
• Drill hole DSS505012, 104.18 m @ 71g/t Ag from 84.48m to 188.66m,
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incl. 31.47m @ 109g/t Ag from 84.48m to 115.95m;
• Drill hole DSS507501, 114.4m @ 76g/t Ag from 67.9m to 182.3m
incl. 4.82m @ 976g/t Ag from 168.18m to 173.0m;
• Drill hole DSS507502, 83.42m @ 116g/t Ag from 82.1m to 165.52m,
incl. 26.55m @ 242g/t Ag from 82.1m to 108.65m;
incl. 20.14m @ 155g/t Ag from 145.38m to 165.52m;
• Drill hole DSS507503, 57.36m @ 354g/t Ag from 98.5m to 155.86m,
incl. 18.44m @ 403g/t Ag from 98.5m to 116.94m,
incl. 3.6m @ 3378g/t Ag from 142.7m to 146.3m;
• Drill hole DSS627501, 177.19m @ 67g/t Ag from 4.03m to 181.22m incl. 36.53m mined out,
28.47m @ 161g/t Ag from 4.03m to 32.5m incl. 1.1m mined out,
2.22m @ 965g/t Ag from 179.0m to 181.22m;
(True width of the mineralization is unknown, but b ased on the current understanding of the relationsh ip
between drill hole direction and the mineralized structures it is estimated that true width will approximate 80%
of the down hole interval length. Please refer to Table-1 – Composited Drill Intersections of Mineral ization
below for details.)
With the continued exploration success, the Company has engaged AMC Mining Consultants (Canada) Ltd. to
undertake an initial resource estimate for the Silver Sand Project.
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 facili ty
located in Betanzos, a small town located 20 kilometres from the project site. Half core samples are stored in
a secure core storage facility in Betanzos for future reference, and the other half core samples are shipped in
securely sealed bags to ALS Global in Oruro, Bolivi a 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 limits 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 cert ified reference materials and blanks were inserted in
normal core sample sequences prior to shipment to l ab at a ratio of 20:1 (i.e., every 20 samples conta in at
least one standard sample and one blank sample). D uplicate samples of coarse rejects at a ratio of 20 :1 will
be sent to a second internationally accredited lab for check analysis. The assay results of QAQC sampl es of
standards and blanks did not show any 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 development company which owns the Silver Sand Project in Potosí
Department, Bolivia and the Tagish Lake gold project in Yukon, Canada. New Pacific has Silvercorp Metals Inc.
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(TSX/NYSE American: SVM) and Pan American Silver Co rp. (TSX/NASDAQ: PAAS) as its 28% and 16.8%
shareholders.
For further information, contact:
New Pacific Metals Corp.
Gordon Neal
President
Phone: (604) 633-1368
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”,
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“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, 2018 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 results 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.
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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
Note From (m) To (m) Length (m) Ag_g/t Pb_% Zn_%
DSS3803 38 227.12 228.3 1.18 112 0.05 0
234.6 237 2.4 127 0.03 0
DSS4005 40 85.71 90.3 4.59 84 0 0.01
130.93 132.2 1.27 110 0.11 0.03
197.39 199.5 2.11 58 0.08 0.01
DSS4006 40 108.1 150.5 42.4 174 0.04 0.01
DSS402501 4025 98.75 163.23 64.48 39 0.03 0
incl. 126.24 139.32 13.08 117 0.05 0
DSS405005 4050 62 162.5 100.5 36 0.03 0.02
incl. 153.34 162.5 9.16 104 0.13 0
DSS407501 4075 92.62 148 55.38 73 0.03 0
incl. 122.19 129.25 7.06 317 0.09 0
DSS4207 42 213.8 215.05 1.25 123 0.45 0.03
240.22 254.47 14.25 35 0.1 0.01
276.8 277.91 1.11 115 0.04 0.01
DSS4208 42 212.71 215.17 2.46 77 2.34 0
DSS4209 42 No Significant Results
DSS4210 42 76.74 85.57 8.83 44 0.02 0
142.87 170.7 27.83 79 0.03 0
incl. 150.28 152.88 2.6 584 0.11 0
DSS422501 4225 41.7 146.2 104.5 183 0.05 0.11
incl. 80.25 146.20 65.95 282 0.05 0
DSS425005 4250 54.11 157.91 103.8 48 0.03 0.05
incl. 140.24 147.87 7.63 250 0.08 0
198.74 200 1.26 170 0.02 0 end in mineralization
DSS427502 4275 56.93 210.5 153.57 98 0.04 0.02
incl. 82.38 87.93 5.55 1,475 0.48 0.01
incl. 167 173 6 681 0.1 0.01
DSS4407 44 149.4 150.51 1.11 30 0.11 0
184.81 186.03 1.22 34 0.37 0.01
226 227 1 38 0.52 0.04
256.03 257.3 1.27 92 0.14 0.01
DSS502501 5025 102.73 286.3 183.57 43 0.04 0.01 2.95m mined out
incl. 102.73 133.3 30.57 107 0.13 0.01
incl. 281.3 286.3 5 477 0.05 0.01
DSS502502 5025 106.45 150.7 44.25 85 0.11 0.47
incl. 114.17 123.14 8.97 322 0.1 0.01
DSS505011 5050 39.47 281.9 242.43 31 0.01 0.01
incl. 244.06 246.45 2.39 371 0.04 0
incl. 276 278.38 2.38 536 0.11 0.01
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DSS505012 5050 84.48 188.66 104.18 71 0.04 0.02
incl. 84.48 115.95 31.47 109 0.04 0.01
DSS505013 5050 85.8 152 66.2 35 0.04 0.02
DSS507501 5075 67.9 182.3 114.4 76 0.06 0.01
incl. 168.18 173 4.82 976 0.2 0.02
DSS507502 5075 82.1 165.52 83.42 116 0.03 0.04
incl. 82.1 108.65 26.55 242 0.06 0.05
incl. 145.38 165.52 20.14 155 0.02 0
DSS507503 5075 98.5 155.86 57.36 354 0.11 0.02
incl. 98.5 116.94 18.44 403 0.16 0.01
incl. 142.7 146.3 3.6 3,378 0.72 0.05
DSS522503 5225 62.95 244.22 181.27 100 0.04 0.01
incl. 128.05 222.23 94.18 177 0.06 0.01
incl. 205.55 222.23 16.68 754 0.2 0.01
DSS522504 5225 43.13 158 114.87 63 0.05 0.06
incl. 76.18 134.14 57.96 118 0.05 0.01
DSS627501 6275 4.03 181.22 177.19 67 0.05 0.19 36.53m mined out
incl. 4.03 32.5 28.47 161 0.06 0 1.1m mined out
incl. 179 181.22 2.22 965 0.28 3.45
DSS645004 6450 27.6 105.93 78.33 56 0.05 0.07 23.45m mined out
DSS647502 6475 13.43 72.5 59.07 99 0.05 0.01 12.06m mined out
incl. 18.28 23 4.72 450 0 0 end in mined out
DSS662501 6625 46 185.85 139.85 31 0.1 0.17 10.25m mined out
incl. 46 49.48 3.48 216 0.06 0
DSS662502 6625 11.5 199.9 188.4 56 0.08 0.26
incl. 11.5 61.38 49.88 184 0.07 0.07
DSS665004 6650 35 135.5 100.5 33 0.08 0.18
179.5 194.5 15 43 0.16 0.67
DSS667501 6675 32.5 241.85 209.35 39 0.11 0.38 5.4m mined out
incl. 170.38 178.66 8.28 157 0.37 1.44
DSS667502 6675 6.9 199.65 192.75 44 0.09 0.19
incl. 6.9 14.2 7.3 287 0.02 0
incl. 175.7 199.65 23.95 147 0.18 0.42
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 width of mineralization zones is estimated at about
80% of drill intervals based on current understandi ng of the relationship between drill direction
and the mineralized structures.