New Pacific Reports First Results from 2019 Drill Program at Silver SAND, Bolivia – Continuing Intersecting Wide Silver Mineralization Near Surface Including 169 G/T Silver over 144.2M
NEWS RELEASE
Trading Symbol: TSX-V: NUAG / OTCQX: NUPMF
NEW PACIFIC REPORTS FIRST RESULTS FROM 2019 DRILL PROGRAM AT SILVER SAND, BOLIVIA –
CONTINUING INTERSECTING WIDE SILVER MINERALIZATION NEAR SURFACE
INCLUDING 169 G/T SILVER OVER 144.2M
VANCOUVER, British Columbia – June 6, 2019 -- New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF)
(“New Pacific” or the “Company”) is pleased to announce the assay results from the first eight drill holes from
its wholly-owned Silver Sand Project located in the Department of Potosí, Bolivia. Drilling is on-going and the
Company currently has three drill rigs on site.
The 2019 drilling program at Silver Sand commenced in late April and is expected continue throughout rest of
the year. These first eight holes were part of the infill drilling program to bring drill hole densit y to
approximately 25 metre by 25 metre spacing and to produce a mineral resource estimate in accordance with
NI 43-101 at the end of 2019. These holes were app roximately oriented at azimuths of 60 degrees and d ips
of -45 degrees.
These first eight infill holes have intercepted sig nificant silver mineralization similar to those rep orted from
the 2018 drilling program, and adequately confirms the continuity of mineralization within the drilled extents.
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 DSS522501, 144.2m @ 169g/t Ag from 65.22m to 209.44m,
incl. 73.21m @ 243g/t Ag from 65.22m to 138.43m;
• Drill hole DSS522502, 110.28m @ 98g/t Ag from 48.07m to 158.35m,
incl. 9.05m @ 609g/t Ag from 149.3m to 158.35m;
• Drill hole DSS525014, 76.32m @ 150g/t Ag from 48.7m to 125.02m, and
12.66m @ 99g/t Ag from 171.19m to 183.85m;
• Drill hole DSS6404, 119.18m @ 103g/t Ag from 10.22m to 129.4m,
incl. 3.17m @ 1653g/t Ag from 61.56m to 64.93m;
• Drill hole DSS642501, 114.23m @ 117g/t Ag from 23.15m to 137.38m,
incl. 8.28m @ 265g/t Ag from 23.15m to 31.43m, and
incl. 6.89m @ 313g/t Ag from 46.20m to 53.09m, and
incl. 3.17m @ 1105g/t Ag from 103.83m to 107.0m, and
7.0m @ 106g/t Ag from 235.5m to 242.5m.
(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%
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of the down hole interval length. Please refer to Table-1 – Composited Drill Intersections of Mineral ization
below for details.)
Based on the multi-element analysis results of grab samples taken from surface mining dumps and chip
samples from surface outcrops as well as underground mining faces, it came to the Company’s attention that
silver mineralization at Silver Sand locally contai ns significant amounts of indium (In) and gallium ( Ga). This
mineral association is also common in other prospec ts with similar characteristics of mineralization i n the
same district and other deposits in the same metall ogenic belt. The assay results of indium and galli um,
along with silver, lead and zinc are reported in Table-1 of Composited Drill Intersections of Minera lization at
the end of this release.
In additional to the infill drilling targets, the 2 019 drilling program will also include the followin g targets: 1)
prospects with good silver grades from historical a rtisanal mining dumps to expand the mineralization zones
at the Silver Sand; 2) prospects surrounding Silver Sand showing similar silver mineralization as reve aled by
historical artisanal mining, and 3) drilling for samples for further metallurgical test work.
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 20 kilometres fro m the project site. Half core samples are stored i n a
secure core storage facility in Betanzos for future reference, and the other half core samples were 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 analyz ed by a multi-element ICP package (ALS code ME-MS41 )
with ore grade overlimits for silver, lead and zinc further analyzed using ALS code OG46. Further sil ver
overlimits 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 twenty samples c ontain
at least one standard sample and one blank sample. Duplicate 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 b ias of analysis or contamination during sample
preparation.
Technical information contained in this news releas e with respect to New Pacific has been reviewed and
approved by Alex Zhang, P. Geo., Vice President of Exploration, 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 developme nt company which owns the Silver Sand Project in
Potosí Department of Bolivia, the Tagish Lake gold project in Yukon, Canada, and the RZY Project in Qi nghai
Province, China. Its largest shareholders are Silv ercorp Metals Inc. (TSX/NYSE American: SVM) and Pan
American Silver Corp. (TSX/NASDAQ: PAAS), one of th e world's largest primary silver producers, which
operates ten mines, including the San Vicente mine located in the Potosí Department of Bolivia.
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For further information, contact:
New Pacific Metals Corp.
Gordon Neal
President
Phone: (604) 633-1368
Fax: (604) 669-9387
www.newpacificmetals.com
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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 p ress release constitute “forward-looking informatio n” 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
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Forward-looking statements or information are subject to a variety of known and unknown risks, uncerta inties and other
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calculation of resources, reserves and mineralizati on, foreign exchange risks, interest rate risk, for eign investment risk;
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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 state ments about the future and are inherently uncertain , and actual
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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 Annu al Information Form for the year ended June 30, 201 8 under the
heading “Risk Factors”. Although the Company has at tempted to identify important factors that could ca use 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 informa tion are based on the assumptions, beliefs, expecta tions 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 assume any obligation to update fo rward-looking statements or information if circumst ances or
management’s assumptions, beliefs, expectations or opinions should change, or changes in any other eve nts affecting
such statements or information. For the reasons set forth above, investors should not place undue reli ance 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 Standar ds, which differ from the requirements of U.S. Secu rities laws. NI
43-101 is a rule developed by the Canadian Securiti es Administrators that establishes standards for al l public disclosure
an issuer makes of scientific and technical information concerning mineral projects.
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Hole_id Section
Mineralized Intervals
From (m) To (m) Length (m) Ag_g/t Pb_% Zn_% Ga_g/t In_g/t
DSS522501 5225 65.22 209.44 144.20 169 0.06 0.01 4 3
incl. 65.22 138.43 73.21 243 0.08 0.01 4 4
DSS522502 5225 48.07 158.35 110.28 98 0.04 0.02 3 4
incl. 149.30 158.35 9.05 609 0.18 0 4 4
DSS525014 5250 48.70 125.02 76.32 150 0.06 0 2 2
134.60 135.85 1.25 154 0.06 0.13 2 5
171.19 183.85 12.66 99 0.09 0.08 3 25
DSS525015 5250 60.90 119.55 58.65 39 0.04 0.02 2 2
137.45 190.10 52.65 57 0.06 0.06 2 4
incl. 138.62 143.20 4.58 309 0.04 0.04 2 13
DSS525016 5250 74.30 88.23 13.93 94 0.09 0.01 2 8
113.67 119.73 6.06 56 0.04 0.01 3 1
140.30 145.11 4.81 58 0.03 0 5 0
DSS6404 64 10.22 129.40 119.18 103 0.08 0.06 4 7
incl. 61.56 64.93 3.17 1,653 1.07 0.01 5 15
143.12 145.36 2.24 53 0.13 0.21 6 56
161.16 163.54 2.38 91 0.05 0.85 3 7
174.92 177.42 2.50 76 0.08 0.57 5 18
DSS642501 6425 23.15 137.38 114.23 117 0.06 0.02 5 9
incl. 23.15 31.43 8.28 265 0.01 0 7 1
incl. 46.20 53.09 6.89 313 0.13 0.01 7 29
incl. 103.83 107.00 3.17 1,105 0.21 0.06 5 58
235.50 242.50 7.00 106 0.23 1.1 2 11
DSS647501 6475 36.86 53.40 16.54 76 0.03 0.06 6 3
69.49 71.87 2.38 349 0.14 0 5 7
124.40 129.35 4.95 41 0.07 0.13 5 35
135.61 140.67 5.06 60 0.15 0.18 8 26
159.24 163.77 4.53 55 0.61 2.21 4 29
233.37 237.07 3.70 698 0.46 1.23 2 43
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.
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 the relationship between drill direction and the mineralized
structures.
Table-1 – Composited Drill Intersections of Mineralization