NEW PACIFIC REPORTS FIRST RESULTS FROM 2018 DRILL PROGRAM AT SILVER SAND, BOLIVIA – Near Surface Silver Mineralization Intercepted in 94 out of 98 holes; Numerous Significant Intercepts include 76.63 metres grading 383 g/t
NEWS RELEASE
Trading Symbol: TSX-V: NUAG / OTCQX: NUPMF
NEW PACIFIC REPORTS FIRST RESULTS FROM 2018 DRILL PROGRAM AT SILVER SAND, BOLIVIA –
Near Surface Silver Mineralization Intercepted in 94 out of 98 holes;
Numerous Significant Intercepts include 76.63 metres grading 383 g/t
VANCOUVER, British Columbia – January 22, 2019 -- New Pacific Metals Corp. (TSX -V: NUAG) (OTCQX:
NUPMF) (“New Pacific” or the “Company”) is pleased to announce the first batch of drill results from its
wholly-owned Silver Sand Project in Potosí Department, Bolivia.
The drilling program commenced in mid-October 2017. A total of 55,010 metres in 195 HQ size diamond
core drill holes had been completed by mid-December 2018. The drill program covers an area of
approximately 1,600 m long in the north-south direction and up to 800 m wide in the east -west
direction. The holes were drilled along northeast 60 degree oriented sections with a 50 m spacing
between the sections. Most drill holes are drilled at dip angle of 45 degrees to penetrate the principal
trend of the mineralized structure zones with an average hole length of approximately 285 m. To date,
assay results of drill core samples of 98 holes have been received and analyzed, of which 94 holes
intercepted silver mineralization.
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 DSS525001, 135.72m @ 240 g/t Ag from 50.8m to 186.52m,
incl. 76.63m @ 383g/t Ag from 50.8m to 127.43m, and
incl. 7.64m @ 406g/t Ag from 178.88m to 186.52m;
Drill hole DSS525002, 273.94m @ 84g/t Ag from 0.92m to 274.86m,
incl. 13.44m @ 205g/t Ag from 86.3m to 99.74m, and
incl. 56.3m @ 216g/t Ag from 148.5m to 204.8m;
Drill hole DSS5803, 172m @ 110g/t Ag from 18.0m to 190.0m,
incl. 83.5m @ 192g/t Ag from 18.0m to 101.5m;
Drill hole DSS525009, 178.99m @ 96g/t Ag from 59.9m to 238.89m,
incl. 18.03m @ 362g/t Ag from 126.49m to 144.52m;
Drill hole DSS525010, 106.4m @ 154g/t Ag from 12.0m to 118.4m,
incl. 38.75m @ 165g/t Ag from 12.0m to 50.75m, and
incl. 4.03m @ 2,366g/t Ag from 92.43m to 96.46m;
Drill hole DSS5407, 76.03m @ 205g/t Ag from 64.07m to 140.10m,
incl. 60.89m @ 251g/t Ag from 64.07m to 124.96m;
2
Drill hole DSS665001, 89.77m @ 115g/t Ag from 44.23m to 134.1m,
incl. 4.45m @ 394g/t Ag from 44.23m to 48.68m,
incl. 37.15m @ 149g/t Ag from 58.0m to 95.15m, and
3.52m @ 430g/t Ag from 213.82m to 217.34m;
Drill hole DSS6603A, 65.25m @ 181g/t Ag from 7.9m to 73.15m,
incl. 32.0m @ 304g/t Ag from 7.9m to 39.9m;
Drill hole DSS6402, 157.68m @ 66g/t Ag from 18.1m to 175.78m,
incl. 26.16m @ 252g/t Ag from 74.22m to 100.38m;
Drill hole DSS645001, 85.54m @ 119g/t Ag from 27.46m to 113.0m,
incl. 26.04m @ 189g/t Ag from 27.46m to 53.5m, and
incl. 31.16m @ 156g/t Ag from 81.84m to 113.0m;
Drill hole DSS5806, 146.69m @ 63g/t Ag from 13.96m to 160.65m,
incl. 9.34m @ 208g/t Ag from 13.96m to 23.3m;
Drill hole DSS5404, 106.5m @ 86g/t Ag from 87.0m to 193.5m,
incl. 28.5m @ 220g/t Ag from 87.0m to 115.5m;
Drill hole DSS525003, 102m @ 82g/t Ag from 47.3m to 149.3m,
incl. 13.36m @ 475g/t Ag from 100.5m to 113.86m;
Drill hole DSS645002, 173.34m @ 48g/t Ag from 23.21m to 196.55m,
incl. 54.49m @ 111g/t Ag from 23.21m to 77.7m;
Drill hole DSS6608, 188.79m @ 43g/t Ag from 58.7m to 247.49m;
Drill hole DSS6201, 69.67m @ 116g/t Ag from 119.93m to 189.6m;
Drill hole DSS6403, 191.35m @ 42g/t Ag from 82.15m to 273.5m;
Drill hole DSS525005, 102.65m @ 66g/t Ag from 28.35m to 131.0m,
incl. 5.2m @ 342g/t Ag from 93.92m to 99.12m;
Drill hole DSS4603, 159.71m @ 41 g/t Ag from 41.59m to 201.3m,
incl. 6.23m @ 223g/t Ag from 97.77m to 104.0m, and
incl. 2.0m @ 522g/t Ag from 174.62m to 176.62m;
Drill hole DSS4804, 23.1m @ 138g/t Ag from 123.9m to 147.0m,
incl. 1.06m @ 1,070g/t Ag from 145.94m to 147.0m, and
20.0m @ 164g/t Ag, 3.62% Pb from 249.5m to 269.5m;
Drill hole DSS525004, 79.16m @ 78g/t Ag from 45.92m to 125.08m,
incl. 22.32m @ 118g/t Ag from 73.54m to 95.86m;
Drill hole DSS5601, 62.87m @ 96g/t Ag from 85.43m to153.0m,
Drill hole DSS545001, 62.6m @ 95g/t Ag from 63.83m to 126.43m,
incl. 14.71m @ 212g/t Ag from 97.16m to 111.87m;
Drill hole DSS4802, 21.09m @ 269g/t Ag from 92.45m to 113.54m,
incl. 2.33m @ 1,099g/t Ag from 92.45m to 94.78m;
Drill hole DSS6607, 122.72m @ 46g/t Ag from 28.4m to 151.12m, and
incl. 1.0m @ 2,530g/t Ag, 1.19% Pb, 1.05% Zn from 204.52m to 205.52m;
Drill hole DSS4604, 5.06m @ 1,104g/t Ag from 107.07m to 112.13m;
Drill hole DSS5003, 65.99m @ 83g/t Ag from 62.46m to 128.45m,
3
incl. 19.81m @ 175g/t Ag from 108.64m to 128.45m;
Drill hole DSS6202, 64.26m @ 84g/t Ag from 306.14m to 370.4m,
incl. 17.43m @ 183g/t Ag from 323.57m to 341.0m;
Drill hole DSS665003, 81.68m @ 65g/t Ag from 71.6m to 153.28m,
incl. 6.84m @ 229g/t Ag from 93.76m to 100.6m;
Drill hole DSS6401, 84.79m @ 58g/t Ag from 12.32m to 97.11m,
Drill hole DSS5202, 59.6m @ 82g/t Ag from 4.2m to 63.8m,
incl. 4.3m @ 311g/t Ag from 4.2m to 8.5m;
Drill hole DSS525008, 63.1 m @ 75g/t Ag from 1.7m to 64.8m,
incl. 6.7m @ 213g/t Ag from 49.7m to 56.4m;
Drill hole DSS7001, 60.32m @ 76g/t Ag from 70.03m to 130.35m,
incl. 32.77m @ 113g/t Ag from 90.36m to 123.13m;
Drill hole DSS6603, 15.93m @ 265g/t Ag from 7.17m to 23.1m (hole failed in mineralization);
Drill hole DSS6802, 69.06m @ 50g/t Ag from 86.17m to 156.3m,
incl. 7.64m @ 164g/t Ag from 86.17m to 93.81m;
Drill hole DSS525013, 25.13m @ 136g/t Ag from 39.57m to 64.7m;
Drill hole DSS525011, 54.3m @ 60g/t Ag from 144.0m to 198.3m,
incl. 3.5m @ 433g/t Ag from 169.6m to 173.1m;
Drill hole DSS6604, 56.79m @ 56g/t Ag from 0.0m to 56.79m,
incl. 25.22m @ 113g/t Ag from 31.57m to 56.79m; and
incl. 3.0m @ 779g/t Ag from 50.0m to 53.0m;
Drill hole DSS6801, 75.4m @ 42g/t Ag from 55.5m to 130.9m,
incl. 10.0m @ 130g/t Ag from 55.5m to 65.5m.
(True width of the mineralization is unknown, but based on the current understanding of the relationship
between drill direction and the mineralized structures it is estimated that true width will approximate 80%
of the down hole interval length . Please r efer to Table-1 – Composited Drill Intersections of
Mineralization below for details.)
Based on the drilling results, the drill holes usually penetrate first through an up to 50 m thick layer of
reddish siltstone and mudstone units of Cretaceous Tarapaya Formation , then into massive altered
white colour arenites o r sandstones units of the Cretaceous La Puerta Formation , where silver
mineralization occurs. At the contact of these two units, massive pyrite mineralization of less than two
metres in thickness, typically occurs. Tin mineralization in the district is often associated with massive
pyrite. At depth, m any drill holes end at the reddish sandstones units of the Cretaceous La Puerta
Formation. This Cretaceous Formations sit unconformably on a basement of tightly folded and faulted
Paleozoic marine clastic sediments.
The mineralized sandstone and siltstone units of t he Cretaceous Formations are shallow dipping or sub-
horizontal, and gently folded into open synclines and anticlines with their hinges shallowly plunging to
North-North-West (“NNW”) direction. To the north of Silver Sand, the Cretaceous sediments were
4
intruded and cut by numerous porphyrytic dacitic sills and dykes of Miocene age, which are believed to
be closely associated with silver mineralization in the district.
Silver mineralization is observed to be associated with fractures and alterations in the sandstones units,
which were bleached white due to sericite alteration of original reddish sandstones, resulting in a sub-
horizontal mineralizing zone of up to more than two hundred metres in thickness beneath the Tarapaya
red siltstone and mudstone. The mineralized fractures generally extend NNW, sub-vertically and slightly
dipping west. The mineralized bodies were detected by drilling within an area of up to 1,600 m long in
north-south direction and 800 m wide in east-west direction within the Silver Sand property limit and
remain open to both the north and the west. Mineralizing bodies were oxidized to various extents to
depth.
Silver mineralization is characterized by sheeted veins, s tockwork veinlets, crackle veins and breccia
zones of sulfosalts and sulfides containing silver in altered sandstones . The most c ommon silver-
containing sulfosalt is freibergite, associated with a small amount of miargyrite, polybasite, bournonite,
boulangerite, andorite and bismuthinite.
Using the section 60 as a dividing line, to its south, Tarapaya red siltstones and mudstones were mostly
eroded away and massive whitish altered and fractured sandstones of the La Puerta Formation exposed
at surface. Extensive mining remains of adits, drifts and stopes of colonial times exist at the steep slopes
and cliffs that have more than 150 m relief with the workings extending into the mountain. Drilling in
this area has hit many of these ancient underground workings. Silver m ineralization to the south of
section 60 was outlined by drilling an area of approximately 500 m long and 150 m wide the altered
quartz sandstones of the La Puerta Formation, extending from surface to a depth of more than 300 m.
To the north of section 60, drilling covered an area of approximately 1,100 m long north-south and 800
m wide in the east-west direction . Drilling in this area intercepted mineralized fracture zones right
beneath the Tarapaya reddish siltstones and mudstones . The mineralization could extend from near
surface to a depth up to more than 250 m. In comparison to the south of section 60, only a few ancient
underground mining workings were encountered during drilling . Mineralization remains open along
strike and at depth in both the southern area and the northern area.
Quality Assurance and Quality Control
HQ size drill core samples from altered and mineralized intervals were split into halves by diamond saw
cutting with an average sample interval of one to one and half metr es long at the Company’s core
processing facility located in Betanzos, a local town 20 kilometres away from the project site . Half core
samples are stored in secured core storage s for future reference, and the other half core samples were
shipped in security sealed bags to ALS Global in Oruro, Bolivia for preparation, and ALS Global in Lima,
Peru for geochemical analysis with the code of OG46 for elements of silver, lead and zinc . Silver
overlimits further go to gravimetric analysis with the 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 mater ials, blanks and
5
duplicates were inserted in normal core sample sequences prior to shipment to lab at a ratio of 20:1, i.e.,
every twenty samples contain at least one standard sample, one blank sample and one duplicate sample.
The assay results of QAQC samples did not show any significant bias of analysis or contamination during
sample preparation.
Technical information contained in this news release with respect to New Pacific has been reviewed and
approved by Alex Zhang, P. Geo., Vice President of Explor ation, who is a Qualified Person for the
purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
ABOUT NEW PACIFIC
New Pacific is a Canadian exploration and development company which owns the Silver Sand Projec t in
Potosí Department of Bolivia, the Tagish Lake gold project in Yukon, Canada and the RZY Project in
Qinghai Province, China. Its largest sharehold ers are Silvercorp Metals Inc . and Pan American Silver
Corp., one of the world's largest primary silver producers, which operates six mines, including the San
Vicente mine located in the Potosí Department of Bolivia.
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 policies 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 press release constitute “forward -looking information” within the
meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or phrase s such as “expects”, “is expected”,
“anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”,
“forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that ce rtain actions,
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 of historical fact and may be forward -looking
statements or information.
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ from those reflected in the forward -looking
statements or information , including, without limitation, risks relating to: fluctuating equity prices, bond prices,
6
commodity prices; calculation of resources, reserves and mineralization, foreign exchange risks, interest 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 statements or
information. Forward -looking statements or information are statements about the fut ure and are inherently
uncertain, and actual achievements of the Company or other future events or conditions may differ materially from
those reflected in the forward -looking statements or information due to a variety of risks, uncertainties and other
factors, including, without limitation, those referred 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 important
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. Accordingly, readers should not place undue reliance on forward -
looking statements or information.
The Company’s forward-looking statements or information are based on the assumptions, beliefs, expectations and
opinions of management as of the date of this press release, and other than as required by applicable securities
laws, the Company does not assu me any obligation to update 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 reasons se t 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 Minin g, Metallurgy and Petroleum Definition Standards, which differ from the requirements of U.S. Securities
laws. NI 43 -101 is a rule developed by the Canadian Securities Administrators that establishes standards for all
public disclosure an issuer makes of scientific and technical information concerning mineral projects.
7
Hole_id Section Mineralized Intervals
Notes From (m) To (m) Length (m) Ag_g/t Pb_% Zn_%
DSS245001 2450 no significant results
DSS3201 32 31.18 32.68 1.50 34 0.02 0.03
126.81 128.30 1.49 88 0.08
167.30 176.07 8.77 101 0.01
DSS3401 34 183.20 184.30 1.10 31 0.46
210.05 211.08 1.03 59 0.12
215.20 216.26 1.06 37 0.18 0.01
DSS3402 34 226.72 227.73 1.01 34 0.03 0.23
DSS3403 34 157.90 177.10 19.20 39 0.20
193.55 194.68 1.13 30 0.11
221.18 222.20 1.02 57 0.50
DSS3601 36 no significant results
DSS3801 38 372.22 373.34 1.12 34 0.51 0.06
DSS3802 38 163.50 169.36 5.86 44 0.04
254.41 255.49 1.08 57 0.15
266.15 267.36 1.21 149 0.03
DSS385001 3850 100.00 105.35 5.35 76 0.32
187.70 188.80 1.10 40 0.78 0.01
199.50 201.50 2.00 42 0.12
225.75 232.35 6.60 63 0.03
DSS4001 40 no significant results
DSS4002 40 136.60 138.75 2.15 81 0.26
251.70 255.60 3.90 170 0.20
276.27 281.30 5.03 170 0.11
303.50 304.53 1.03 36 0.10
DSS405001 4050 79.36 90.80 11.44 43 0.11
173.09 179.42 6.33 142 0.30
184.00 185.13 1.13 86 0.31
DSS4201 42 134.22 154.76 20.54 33 0.17 0.02
DSS4202 42 75.10 78.17 3.07 41 0.19
84.85 86.02 1.17 32 0.23
98.30 105.15 6.85 62 0.08
118.30 119.30 1.00 111 0.09
125.60 127.75 2.15 84 0.02
179.04 205.92 26.88 102 0.10
incl. 179.04 195.30 16.26 158 0.13
DSS4203 42 148.50 161.10 12.60 37 0.60 0.06
DSS4401 44 209.12 210.20 1.08 42 0.10 0.01
218.52 222.67 4.15 84 2.38 0.01
275.80 277.00 1.20 42 0.40 0.01
DSS4403 44 130.63 138.12 7.49 76 2.00 0.03
217.13 221.72 4.59 60 1.45 0.02
DSS4404 44 87.45 97.98 10.53 77 0.03 0.05
138.33 139.45 1.12 59 0.13 0.02
DSS4405 44 73.40 100.50 27.10 106 0.05
incl. 97.40 100.50 3.10 725 0.17
Table-1 – Composited Drill Intersections of Mineralization
8
DSS445002 4450 85.06 88.62 3.56 114 0.13 0.02
156.09 192.23 36.14 38 1.04 0.07
263.22 264.33 1.11 50 0.41 0.02
303.23 312.89 9.66 40 0.04 0.02
DSS4602 46 173.35 189.72 16.37 48 1.10 0.03
DSS4603 46 41.59 201.30 159.71 41 0.01 0.07
incl. 97.77 104.00 6.23 223 0.04
incl. 174.62 176.62 2.00 522 0.07
DSS4604 46 107.07 112.13 5.06 1104 0.46 0.04
173.39 174.48 1.09 63 0.05 0.03
DSS4605 46 101.25 126.50 25.25 49 0.04
DSS4606 46 81.15 82.20 1.05 44 1.36 0.06
101.97 115.10 13.13 43 0.64 0.02
128.78 132.00 3.22 41 0.84 0.01
156.02 157.07 1.05 36 0.92 0.03
216.30 223.30 1.00 55 0.55 0.05
DSS465002 4650 84.05 86.30 2.25 36 0.01
107.00 112.05 5.05 33 0.01
121.00 142.85 21.85 21 0.01 0.07
150.50 151.50 1.00 332 0.11 0.06
215.33 216.50 1.17 43 0.07 0.01
227.10 228.35 1.25 102 0.16 0.18
252.10 253.30 1.20 38 0.07 0.07
259.00 260.10 1.10 31 0.06 0.01
268.10 270.10 2.00 64 1.54 0.01
DSS465003 4650 119.07 126.80 7.73 30 0.69 0.02
153.12 154.20 1.08 53 1.91 0.02
191.80 199.30 7.50 63 1.39 0.04
DSS465004 4650 47.10 120.30 73.20 35 0.13 0.45
incl. 117.04 120.30 3.26 155 0.35 0.50
127.50 128.60 1.10 59 0.02 0.03
138.40 139.40 1.00 87 0.01 0.02
158.20 159.53 1.33 73 0.02
195.50 199.85 4.35 380 0.07 0.73
DSS4801 48 59.30 143.78 84.48 31 0.15 0.04
DSS4802 48 29.21 33.08 3.87 353 0.07 0.06
incl. 31.80 33.08 1.28 1045 0.01 0.09
92.45 113.54 21.09 269 0.11 0.01
incl. 92.45 94.78 2.33 1099 0.42 0.01
DSS4803 48 85.45 86.53 1.08 314 0.38 0.01
91.26 92.30 1.04 87 0.03
DSS4804 48 67.10 72.56 5.46 70 0.02
78.45 81.00 2.55 52 0.14
123.90 147.00 23.10 138 0.02
incl. 145.94 147.00 1.06 1070 0.13 0.01
162.25 163.25 1.00 74 0.03 0.02
174.60 176.90 2.30 141 0.05 0.01
249.50 269.50 20.00 164 3.62 0.01
DSS4805 48 82.35 87.25 4.90 58 0.02
122.15 123.20 1.05 55 0.90 0.01
134.00 137.00 3.00 100 2.74 0.01