New Pacific Reports Final 2019 Drill Results from Its Silver SAND Project, Bolivia - Continues to Return Broad Intervals of Near Surface Silver Mineralization
NEWS RELEASE
Trading Symbol: TSX-V: NUAG
OTCQX: NUPMF
NEW PACIFIC REPORTS FINAL 2019 DRILL RESULTS FROM ITS SILVER SAND PROJECT, BOLIVIA -
CONTINUES TO RETURN BROAD INTERVALS OF NEAR SURFACE SILVER MINERALIZATION
Vancouver, British Columbia – February 19, 2020 – New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF)
(“New Pacific” or the “Company”) is pleased to anno unce assay results from the final 37 drill holes fr om its
2019 resource definition and discovery drill program at its wholly-owned Silver Sand Project, Potosí, Bolivia.
Drilling continues to return broad intervals of near-surface, structurally controlled, silver mineralization within
which higher grade zones occur. The 2019 program s uccessfully confirms mineral continuity and defines
several high-grade zones on the property: mineralization remains open for expansion to the North and South
and at depth. To date no distinctive feeder zones have been intersected. Given the significant drilling in 2018
to 2019, this indicates the presence of a large silver-rich mineral system. The Company’s inaugural NI 43-101
independent resource estimate remains on track for a Q1 release.
Highlights include:
• DSS525021, 279.25m @ 91g/t Ag from 4.9m to 284.15m,
incl. 15.4m @ 657g/t Ag from 217.55m to 232.95m;
• DSS522513, 108.98m @ 228g/t Ag from 40.32m to 149.3m,
incl. 54.46m 414g/t Ag from 43.84m to 98.3m;
• DSS527505, 78.2m @ 245g/t Ag from 40.1m to 118.3m,
incl. 28.44m @ 335g/t Ag from 43.3m to 71.74m,
incl. 13.2m @ 541g/t Ag from 83.1m to 96.3m;
• DSS507510, 79.87m @ 122g/t Ag from 58.98m to 138.85m;
• DSS505019, 91.49m @ 142g/t Ag from 67.31m to 158.8m;
• DSS5223, 56.34m @ 219g/t Ag from 73.36m to 129.7m;
• DSS422505, 57.26m @ @160g/t Ag from 86.9m to 144.16m;
• DSS4211, 66.25m @ 197g/t Ag from 95.02m to 161.27m;
• DSS407502, 67.88m @ 218g/t Ag from 90.12m to 158.00m,
incl. 12.34m @ 496g/t Ag from 137.0m to 149.34m;
(Based on the current understanding of the relation ship between drill hole direction and the mineraliz ed
structures it is estimated that true width of the m ineralization will approximate 60-80% of the down ho le
interval length. Please refer to Table-1 – Composited Drill Intersections of Mineralization below for details).
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DETAILS
In 2019, 42,604 metres of diamond drilling in 167 b oreholes was completed on the Silver Sand Project. Total
drilled metreage since project inception equates to 91,662 metres in 362 diamond drillholes, one of th e
largest green-field exploration drill campaigns in Latin America during the period. This news release contains
the results of the remaining 37 holes from the Silver Sand deposit with many of the holes drilled off-section to
test the intra-section continuity of mineralization.
The off-section holes were collared at azimuth’s ra nging from of 91 to 125 degrees and dips from -40 t o -45
degrees. Details of drill locations and specifications are provided in Table-2 below. The drill resu lts continue
to return wide, high grade, intersections indicative of good to excellent mineral continuity (details in Table-1).
SNAKE HOLE PROSPECT
The Snake Hole prospect is located approximately 60 0 metres east of the Silver Sand deposit. To date, the
Company has drilled 5,956.55 metres in 24 holes to test the emerging, structurally controlled, target.
The results of the first 19 holes were released on January 13, 2020. Please review the Company’s news
release dated January 13, 2020 available under the Company’s profile on SEDAR at www.sedar.com or on the
Company’s website at www.newpacificmetals.com for details. The remaining five holes of the 2019 progr am
intersected narrow zones of structurally controlled silver mineralization ranging approximately one to seven
metres width and returning grades from 30 to 448 g/t silver (Table-1).
FUTURE WORK
New Pacific’s Exploration Group is currently comple ting detailed geological and structural mapping and
associated geochemical sampling on the wholly owned Silver Sand North Block which is located approximately
two kilometres to the north of the Silver Sand deposit, including the recently acquired El Bronce Property (see
the Company’s news release dated December 19, 2019 for details). The results will be utilized for subsequent
target generation and initial drill testing.
At the Silver Sand deposit the Company recently com menced a four-hole, 800 metres, metallurgical drill
sampling campaign to support subsequent Preliminary Economic Assessment level studies including initia l
processing plant flow sheet design. Detailed struc tural, geological and geochemical modeling is ongoi ng
which will be used for future advanced engineering (geotechnical, geometallurgical) studies and resour ce
expansion target generation.
Other activities remaining include geological loggi ng and sampling of completed holes, data analysis a nd
various QA/QC initiatives in preparation for the in augural NI 43-101 resource estimate around the end of Q1
2020.
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
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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 samp les 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.
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”,
“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.
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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 m aterially, 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 securities laws,
the Company does not assume any obligation to updat e forward-looking statements or information if circumstances
or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events
affecting such statements or information. For the r easons set forth above, investors should not place undue reliance
on forward-looking statements or information.
CAUTIONARY NOTE TO US INVESTORS
This news release has been prepared in accordance with the requirements of NI 43-101 and the Canadian Institute of
Mining, Metallurgy and Petroleum Definition Standar ds, which differ from the requirements of U.S. Secu rities laws.
NI 43-101 is a rule developed by the Canadian Secur ities Administrators that establishes standards 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
DSS405006 4050 96.80 152.35 55.55 82 0.02 0.00
DSS407502 4075 90.12 158.00 67.88 218 0.04 0.00
incl. 137.00 149.34 12.34 496 0.11 0.00
DS4211 42 95.02 161.27 66.25 197 0.04 0.00
DSS422505 4225 39.00 41.00 2.00 40 0.07 0.03
86.90 144.16 57.26 160 0.05 0.00
167.62 170.40 2.78 116 0.21 0.00
DSS447503 4475 51.90 65.25 13.35 30 0.10 0.40
85.70 96.61 10.91 62 0.03 0.01
116.35 120.35 4.00 124 0.03 0.00
131.90 133.14 1.24 79 0.01 0.00
DSS467502 4675 21.48 22.80 1.32 46 0.01 0.02
83.13 84.44 1.31 76 0.07 0.02
99.80 101.00 1.20 73 0.09 0.01
DSS467503 4675 86.00 92.00 6.00 104 0.08 0.00
113.76 116.00 2.24 332 0.13 0.00
DSS4813 48 10.60 15.12 4.52 57 0.00 0.02
36.64 37.86 1.22 110 0.00 0.00
41.55 42.67 1.12 101 0.00 0.00
103.01 104.28 1.27 91 0.00 0.00
108.02 109.29 1.27 96 0.00 0.00
DSS4814 48 31.20 40.32 9.12 62 0.03 0.05
71.92 87.15 15.23 72 0.04 0.00
98.94 137.76 38.82 96 0.05 0.08
170.14 179.00 8.86 80 0.06 0.00
DSS487501 4875 54.62 134.60 79.98 50 0.14 0.01
145.15 158.30 13.15 36 0.07 0.01
167.49 168.71 1.22 65 0.00 0.00
244.18 245.60 1.42 186 0.01 0.12
256.69 258.08 1.39 789 0.06 0.20
264.94 266.31 1.37 139 0.07 0.29
302.30 308.60 6.30 85 0.10 0.00
312.53 313.84 1.31 45 0.05 0.00
DSS5014 50 276.00 279.42 3.42 79 0.21 0.08
DSS505019 5050 67.31 158.80 91.49 142 0.04 0.00
DSS507509 5075 94.30 95.65 1.35 106 0.01 0.00
123.60 131.18 7.58 98 0.04 0.00
151.88 154.30 2.42 135 0.03 0.00
159.26 161.75 2.49 235 0.01 0.01
DSS507510 5075 58.98 138.85 79.87 122 0.06 0.00
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DSS5220 52 58.00 90.56 32.56 114 0.03 0.01
100.63 104.44 3.81 77 0.18 0.01
110.78 120.82 10.04 59 0.04 0.02
125.92 130.14 4.22 54 0.02 0.00
162.84 165.14 2.30 1,349 0.91 0.05
DSS5222 52 81.79 124.41 42.62 99 0.07 0.01
DSS5223 52 41.36 56.90 15.54 44 0.10 0.00
73.36 129.70 56.34 219 0.08 0.01
172.10 194.60 22.50 104 0.10 0.02
DSS5224 52 38.65 40.10 1.45 124 0.04 0.03
54.56 55.80 1.24 129 0.01 0.03
64.85 67.70 2.85 179 0.00 0.02
76.07 99.40 23.33 108 0.04 0.01
DSS5225 52 22.00 52.95 30.95 90 0.08 0.00
104.50 130.07 25.57 94 0.01 0.08
143.37 146.50 3.13 206 0.01 0.00
172.08 275.80 103.72 107 0.07 0.01
DSS5226 52 45.70 48.56 2.86 39 0.05 0.62
52.65 55.24 2.59 49 0.02 0.01
72.20 78.90 6.70 55 0.78 5.04
DSS522513 5225 40.32 149.30 108.98 228 0.13 0.01
incl. 43.84 98.30 54.46 414 0.20 0.01
DSS522514 5225 50.60 80.03 29.43 68 0.04 0.00
123.20 131.40 8.20 73 0.04 0.00
DSS522515 5225 60.40 66.00 5.60 55 0.02 0.03
129.82 137.80 7.98 58 0.02 0.07
171.65 174.31 2.66 69 0.01 0.01
189.00 191.63 2.63 54 0.12 0.58
198.28 203.60 5.32 33 0.04 0.39
216.95 219.10 2.15 113 0.03 0.06
223.75 232.60 8.85 35 0.02 0.12
278.30 324.16 45.86 158 0.06 0.04
DSS522516 5225 24.16 30.48 6.32 81 0.05 0.06
66.85 68.30 1.45 139 0.00 0.00
88.66 96.20 7.54 248 0.06 0.02
107.54 124.61 17.07 181 0.03 0.01
DSS525021 5250 4.90 284.15 279.25 91 0.09 0.00
incl. 217.55 232.95 15.40 657 0.24 0.00
DSS527504 5275 66.57 89.46 22.89 68 0.10 0.26
109.00 122.92 13.92 199 0.10 0.03
DSS527505 5275 40.10 118.30 78.20 245 0.17 0.16
incl. 43.30 71.74 28.44 335 0.20 0.07
incl. 83.10 96.30 13.20 541 0.19 0.47
DSS5422 54 No Significant Results
DSS562504 5625 31.37 51.50 20.13 105 0.02 0.00 terminated in mining voids
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DSS567501 5675 15.5 21.64 6.14 638 0.07 0.00
40.85 43.85 3.00 70 0.02 0.00 terminated in mining voids
DSS6609 66 16.94 18.20 1.26 140 0.01 0.01
DSS665005 6650 4.20 26.25 22.05 75 0.01 0.00
316.65 320.95 4.30 34 0.01 0.00
DSS425006 4250 No Significant Results snake hole
DSS4614 46 25.18 26.55 1.37 48 0.00 0.00 snake hole
245.50 247.65 2.15 294 0.10 0.09
DSS4815 48 5.80 12.60 6.80 48 0.07 0.00 snake hole
158.20 169.70 11.50 59 0.03 0.01
177.85 179.05 1.20 70 0.01 0.02
182.25 183.25 1.00 30 0.00 0.03
190.40 217.70 27.30 93 0.07 0.09
265.05 266.10 1.05 118 0.88 0.04
271.90 273.90 2.00 55 0.00 0.04
DSS4816 48 12.20 14.70 2.50 64 0.06 0.03 snake hole
169.10 170.12 1.02 71 0.00 0.00
200.90 202.00 1.10 183 0.00 0.00
DSS485011 4850 141.70 149.50 7.80 141 0.03 0.01 snake hole
incl. 141.70 143.85 2.15 448 0.08 0.02
176.80 178.80 2.00 30 0.02 3.06
278.90 280.00 1.10 84 0.00 0.00
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 o f 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 estimated at about 8 0% of
drill intervals based on current understanding of t he relationship between drill direction and the
mineralized structures.
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Table 2– Location, Azimuth and Dip of Drill Holes
Hole_id Easting Northing Elevation Depth (m) Azimut h (°) Dip (°)
DSS405006 234,784.62 7,857,171.70 4,114.30 185.00 9 4 -45
DSS407502 234,794.94 7,857,150.16 4,111.83 182.00 9 5 -41
DS4211 234,802.78 7,857,120.68 4,108.77 181.60 93 - 40
DSS422505 234,817.23 7,857,103.18 4,107.91 185.00 9 1 -40
DSS425006 235,307.58 7,857,352.57 3,854.85 350.10 6 0 -64
DSS447503 234,817.20 7,856,930.42 4,091.54 242.00 6 0 -45
DSS4614 235,411.62 7,857,242.32 3,833.49 280.90 60 -64
DSS467502 234,910.16 7,856,871.90 4,096.90 182.00 6 0 -45
DSS467503 234,885.89 7,856,852.65 4,092.67 170.00 6 0 -45
DSS4813 234,927.67 7,856,848.49 4,095.68 164.00 60 -45
DSS4814 234,874.56 7,856,820.29 4,089.81 185.00 60 -46
DSS4815 235,468.75 7,857,153.62 3,829.60 304.70 60 -50
DSS4816 235,468.26 7,857,153.35 3,829.55 269.00 60 -65
DSS485011 235,494.17 7,857,121.58 3,824.97 310.40 6 0 -45
DSS487501 234,559.33 7,856,550.94 4,103.34 332.60 6 0 -45
DSS5014 234,606.48 7,856,547.89 4,100.26 290.20 60 -46
DSS505019 234,857.89 7,856,631.34 4,081.33 203.50 1 25 -48
DSS507509 234,856.94 7,856,607.00 4,080.22 173.30 1 25 -48
DSS507510 234,886.44 7,856,615.90 4,084.04 191.50 1 25 -48
DSS5220 234,883.25 7,856,589.73 4,083.94 172.85 125 -48
DSS5222 234,948.13 7,856,630.23 4,089.77 160.85 60 -46
DSS5223 234,914.11 7,856,592.54 4,090.04 205.90 125 -48
DSS5224 234,995.15 7,856,658.62 4,094.66 125.30 60 -45
DSS5225 234,558.95 7,856,390.59 4,055.49 308.50 42 -43
DSS5226 235,036.92 7,856,679.55 4,099.66 101.30 60 -45
DSS522513 234,911.29 7,856,568.43 4,088.11 173.30 1 25 -48
DSS522514 234,903.73 7,856,557.50 4,087.40 164.30 1 25 -45
DSS522515 234,533.56 7,856,361.57 4,032.85 353.50 6 0 -45
DSS522516 234,977.64 7,856,619.17 4,093.25 152.30 6 0 -45
DSS525021 234,578.72 7,856,364.46 4,051.30 311.50 5 0 -47
DSS527504 234,940.83 7,856,547.15 4,092.95 155.30 1 25 -48
DSS527505 234,932.35 7,856,538.60 4,092.07 161.30 1 25 -45
DSS5422 235,152.08 7,856,637.44 4,111.98 104.00 60 -45
DSS562504 235,032.66 7,856,425.01 4,103.79 62.50 12 5 -45
DSS567501 235,034.14 7,856,365.59 4,080.83 43.85 60 -45
DSS6609 234,790.05 7,855,720.54 4,032.53 305.50 39 -60
DSS665005 234,805.20 7,855,676.37 4,041.46 341.50 6 0 -61
Notes: coordinate system is WGS84, UTM20 South