NUAG.TO · 2019-08-23 12:00:00

News release

Corporate Updates

NEWS R

Trading

VANCOU

NUPMF)

recovery

minerali

following

Below is t

New Paci

final resu

very pleas

that the

conventio

metallurg

extraction

after fine‐

HIGHLIGH

 C

 S

 H

ELEASE

Symbol: TSX

UVER, British

(the “Comp

y o f s i l v e r fr

zation from

1. Under th

leaching e

82%.

2. Table 4 –

should be

3. Table 5 –

should be

LEACHME

the corrected

VARI

fic Metals Co

lts of a preli

sed with the

mineralized

onal flotation

gical program

n methods an

‐tuning the va

HTS OF THE C

Composite s a

aboratory‐sca

92.0% silver re

Composite sa

yanidation te

amples of o x

his achieved

High recoverie

X‐V: NUAG / O

CORRECT

h C o l u m b i a –

any”) announ

rom various

Silver Sand,

e “Highlights

extraction ra

Bottle Roll Te

e 5.08 kg/t rat

– Column Lea

e swapped to

ET 4 should be

d news releas

NEW PAC

IOUS METALL

OXIDE STYLES

orp. (TSX‐V:

minary meta

positive res

materials fr

n o r w h o l e o

m has demon s

nd that furthe

arious test pa

COMPLETED T

amples of s

ale rougher‐s

ecovery resp

mples of sulp

esting and thi

xide minerali

up to 88.3%

es achieved d

OTCQX: NUP

TION TO NEW

– A u g u s t 2 3 ,

nces that th e

metallurgica

Bolivia” pu

s o f t h e C om

ate for silver

Test Summary

ther than 3.9

ch Test Resu

match with t

e in the seco

e in its entire

IFIC REPORTS

LURGICAL PR

S OF MINERA

NUAG) (OTC

allurgical test

ults achieved

o m t h e S i l ve

re cyanidatio

strated that g

er improvem

arameters.

TEST PROGRA

sulphide, tr a

scavenger flo

ectively.

phide, transit

is achieved u

zation were

silver extract

during cyanid

PMF

WS RELEASE D

2019 – New

e original ne w

al processes

blished on A

mpleted Test

under the th

y: the consum

94 kg/t.

lts Summary

the data pres

nd and third

ely with the r

S HIGH RECO

ROCESSES FO

ALIZATION FR

QX: NUPMF)

work progra

d so far fro m

er Sand Pro j

on at atmosp

good silver e

ents and refi

ansition an d

otation testin

tion and oxid

p to 96.7%, 9

submitted fo

tion.

dation tests i

DATED AUGU

w P a c i f i c M et

ws release c a

for sulphid

August 20, 2

t P r o g r a m ” o

hird bullet p

mption of Na

y: the Comp o

sented. This m

row respecti

elevant upda

OVERY OF SILV

R SULPHIDE,

ROM SILVER S

) ( t h e “ C o mp

am for its Sil

m t he complet

ject would b

pheric pressu

xtraction rat

nements sho

d o x i d e m in

ng and this a

e mineralizat

97.0% and 96

or coarse col u

indicate that

ST 20, 2019

tals Corp. (TS

aptioned “Ne

e, transition

2019 referred

on page 1, t

oint should

CN for HG Ox

osite ID for s

means that Z

vely.

ates.

VER FROM

TRANSITION

SAND, BOLIV

pany”) is plea

ver Sand Pro

ted test wor

be amenable

ure at large s

es are possi b

ould be possib

neralization

achieved up

tion were sub

6.3% silver ex

umn leach c y

silver‐bearin

SX‐V: NUAG)

w Pacific re p

a n d o x i d e

d, incorrectly

th e v a l u e f o

b e 8 8 . 3 % r at

xide (Z1 LEAC

second and t h

1 LEACHMET

N AND

VIA

ased to anno

oject. The Co

k. The result

e t o p r o c e s s

scale. This pr

ble using the s

ble in future

were subm

to 96.0%, 86

bmitted for b

xtraction resp

yanidation te

ng minerals w

(OTCQX:

ports high

styles of

y, to the

r column

ther than

CHMET 4)

hird rows

T 1 and Z1

ounce the

ompany is

s suggest

ing using

reliminary

se simple

programs

itted for

6.8% and

bottle roll

pectively.

sting and

within the

 C

METALL

Several m

Silver Sa

approac

oxidation

Four ind

flotation

metallur

geologic

Commin

while t h

Metallur

program

ulphide and t

Composite sa

medium value

URGICAL TES

metallurgical

and deposit

h was used

n and litholog

dependent ge

n and cyani d

rgical domain

al domains (G

ution, flotati

he mineral c

rgy (CIMM) a

ms are summa

Mineral Chara

Mineral chara

preliminary p

ests are desig

Size Fract

Twelve cr

individual

illustrates

fraction (‐

approxim

character

Figure 1 ‐

transition com

mples were f

es of abrasio

ST WORK DET

composites

were prepar

and was des

gy.

eo‐metallurgi

de leaching )

ns (MET1 to

GEO1 to GEO

ion and leach

characterizat

nd Oruro Tec

arized below.

acterization

acterization w

rogram of qu

gned to asses

ion Assaying

rushed comp

lly assayed t o

s that for alm

‐74 microns)

ately 2.5 t o

ristic.

Silver Distribu

mposite sam

found to be m

n index.

TAILS

of oxide, tra

red from sam

signed to hig

ical test wor

) were carr i

MET6) were

O6) were bran

hing program

tion work w

chnical Unive

work consist

uantitative m

ss the minera

posites were

o obtain a di

most every co

. This conce n

o 3 t i m e s w

ution by Size F

ples tested ca

mostly in the

ansition and

mples of ava

ghlight the e

rk programs

ie d o u t o n

identified fo

nded for the c

ms were com

was complet e

ersity (OTU) i

te d o f s i z e f

mineralogy. T

al response to

screened int

stribution of

mposite, the

ntration effec

within that

Fraction

an be conside

soft to medi

sulphide min

ailable half‐c

ffect of diffe

(mineral cha

the differe

or the flotatio

comminution

mpleted by SG

ed by the R

n Bolivia. Res

raction assay

The mineral c

o gravity sepa

to seven size

f silver by siz

silver tends

ct gives rise t

fraction –

ered non‐ref

ium grindabi

neralization f

core. A geom

erences in si

aracterization

nt metallur g

on and leach

n test work.

GS Mineral S

Research Ce

sults from th

ying, heavy l

characterizat

aration.

e f r a c t i o n s , an

e. Figure 1 s

to concentra

to an upgrad

a potential l

ractory in na

lity range wi

from two ar e

metallurgical

lver grade, d

n, comminuti

gical compo s

hing test wor

ervices in Lim

n t r e f o r M i

e individual t

liquids testin

ion and Sink

nd each fract

hows the re s

te into the fi

e in silver c o

ly useful p r

ature.

th low to

eas of the

sampling

degree of

ion, froth

sites. Six

rk and six

ma, Peru,

ning and

test work

ng and a

k & F l o a t

tion was

sults and

nest size

ontent of

rocessing

Heavy Liq

Six of the

sized into

using hea

total silve

Important

fractions,

20% of th

The gravi

likely due

Figure 2 –

Comminution

our geologic

ncluding Crus

Twenty‐one s

nd 11.3kWh/

bove 14 kWh

ompetency l

apital and o

eported valu

abrasivity for

medium abras

lotation Test

Three metallu

p r o g r a m o f

using a vari e

Composite gra

Table 1 – Flota

Compo

Oxide (Z1 FL

Transition (Z1

Sulphide (Z1

uid Testing:

composites

o seven fractio

vy liquid at a

er was con c

tly however,

as shown in

e mass (in th

ty concentra

to insufficien

Average Mas

n Testing

al domain c o

shing Work I

amples were

/t, while the

h/t. Thus, the

level for crus

operating cos

ues of abrasio

r t h e s e s a mp

sion behaviou

ting

urgical compo

froth flotatio

ety of condi

ades are show

ation Program

osite ID

LOATMET 4)

FLOATMET 5)

FLOATMET 6)

(high and low

ons each, and

a density of 2

centrated int

this effect w

Figure 2 bel

e 595 to 74‐m

ation effect w

nt liberation

ss & Silver Rec

omposites we

ndex (CWi),

e tested in t o

BWi measur

e majority of t

shing and gr

sts could be

on index of b

ples. Sulphid

ur, while the

osites of oxid

on scoping w

tions (grind

wn in Table 1

m Composite D

Ag, g/t

201

123

124

w grade oxide

d these were

.58 kg/l. On a

to 15% of t h

was far mor

ow, with ro u

micron range

wa s n o t s e en

of silver mine

covery in the >

ere subjected

Bond Ball M

otal. CWi tes t

ements were

the samples t

rinding. Thes

anticipated

between 0.06

e materials

oxides were

e, transition

work, consist

sizes, reag e

1 below.

Details

Stot %

0.12

1.01

1.63

e, transition a

e then subjec

average for a

he mass as

e pronounce

ughly 80% of

e).

n i n t h e c o ar

erals in these

>2.58 kg/l Den

d to a progr a

Mill Work Inde

ts reported e

e from 4.8 to

tested fell int

e early indic

for any pot

6 g a n d 0 . 5 4g

reported the

generally the

and sulphide

ing of 23 be

ent types, r

Head A

Cu,

0.00

0.0

and sulphide

ted to a simp

all composite

a “dense” (

ed on averag

silver concen

rser size frac

e size fraction

nsity Class

am of comm i

ex (BWi) and

nergy consum

15.9kWh/t w

to the catego

ations sugge

tential comm

g c o r r e s p o nd

e h i g h e s t v a

e lowest.

e mineralizati

nch scale rou

eagent dos a

Assay

% Pb

06 0 .

2 0 .

3 0 .

mineralizatio

ple gravity se

s, roughly 46

(>2.58 kg/l)

ge within cer

ntrated into l

ctions (+595

ns.

inution scopi

d A b r a s i o n I n

mptions betw

with only on e

ory of soft or

st that relati

minution circu

ds to low to

lues in the

ion were pre

ugher‐scaven

ages and, sl u

b, %

.108

.391

.217

on) were

eparation

6% of the

fraction.

rtain size

less than

micron),

ng tests,

dex (Ai).

ween 4.8

e sample

medium

ively low

uits. The

medium

range of

pared for

nger tests

urry pH).

Zn, %

0.003

0.010

0.812

In general, the flotation performance of these composites was v ery good, with high silver

recoveries achieved using Potassium Amyl Xanthate (PAX) as the primary mineral collector. Silver

re c o v e r i e s o f u p t o 9 6 % f o r t h e s u l p h i d e c o m p o s i t e a n d 8 6 . 8 % f or the transition composite were

reported using this simple approach. Silver recovery appeared to be relatively insensitive to pulp pH

although finer grinds and the addition of a secondary collector appeared to give marginal increases

in metallurgical performance for the transition composite.

Table 2 – Summary of Results for Rougher‐Scavenger Test Work

Composite Flotation conditions % Recovery

P80 (µm) Collector Mix/Dose Pulp pH Flotation

Gas

Ag % Ssul %

Sulphide (Z1 FLOATMET 6) 74 PAX, 45 g/t 9.0 Air 96.0 98.4

Transition (Z1 FLOATMET 5) 74 PA X, 30 g/t + OX100, 15 g/t Natura l Air 86.8 94.8

Oxide (Z1 FLOATMET 4) 74 PAX, 45 g/t + OX100, 20 g/t 9.0 N 2 92.0 49.9

The oxide composite also responded well to standard sulphide flotation conditions with silver

recoveries in the 90% range. Maximum recoveries were achieved us i n g n i t r o g e n g a s f o r o x i d e

composite flotation, although this slight improvement appears t o have been achieved primarily as

a result of higher concentrate mass pull.

These initial scoping tests show that silver minerals can be ef ficiently concentrated using relatively

simple froth flotation conditions. Flotation concentrates conta ining 2,500 – 3,000 g/t silver were

produced without using a cleaner flotation stage.

Bottle Roll Leach Testing

Four metallurgical composites of oxide, transition and sulphide mineralization were prepared for

cyanide leaching test work as summarized in Table 3. The bottle roll test work program comprised

of a battery of 33 individual scoping tests, each running for 72 hours and using a variety of

conditions (grind sizes, cyanide solution strength, oxygen leve ls, and temperatures) to assist begin

definition of the metallurgical characterization of Silver Sand mineralization.

Table 3 ‐ Bottle Roll Composite Details

Composite ID Head Assay

Ag, g/t Stot % Cu % Pb % Zn %

LG Oxide (Z1 LEACHMET 1) 29 0.15 0.010 0.062 0.008

HG Oxide (Z1 LEACHMET 4) 132 0.21 0.009 0.055 0.003

HG Transition (Z1 LEACHMET 5) 157 1.45 0.040 0.120 0.343

HG Sulphide (Z1 LEACHMET 6) 124 2.13 0.031 0.089 0.054

A variety of results were obtained from the work. A summary of the better data points is

presented in Table 4 below.

Table 4 ‐ Bottle Roll Test Results Summary

Composite ID Grind

P80, µm

% Sol.

Strength

Consumption,

kg/t

Temp

℃

Sparge

Gas

% Extraction

NaCN NaCN CaO Ag Cu

LG Oxide (Z1 LEACHMET 1) 74 0.30 6.71 0.78 59 O 2 8 1 . 6 4 8 . 5

HG Oxide (Z1 LEACHMET 4) 74 0.30 5.08 0.78 59 O 2 9 6 . 3 3 4 . 5

HG Transition (Z1 LEACHMET 5) 50 0.30 9.78 0.78 56 O 2 9 7 . 0 8 1 . 6

HG Sulphide (Z1 LEACHMET 6) 50 0.30 10.2 0.79 57 O 2 9 6 . 7 7 3 . 7

Very high silv

omposites w

emperature)

81 and 96% ac

These leachin

ecommended

Column Leach

Column leach

bottle roll wo

dissolved oxyg

Table 5 – Colum

Composite ID

Z1 LEACHMET

ver extractio

when intensive

. Oxide com p

chieved unde

ng results ar

d to better ch

h Testing

h tests were

ork (crushed

gen (DO) leve

mn Leach Test

D Mesh of

Grind

T 1 ‐12.7

T 4 ‐12.7

ns (greater t

e cyanidation

posite perfor

er similar con

e in general

haracterize th

completed o

d to 100% p

el was mainta

t Results Sum

% Sol.

Strength

NaCN

0.40

than 96%) w

n conditions w

rmance was m

ditions.

l very encou

he deposit.

on the two o

assing 1/2”)

ained through

mary

Solution

Rate

l/h/m2

7.0

10.0

7.0

10.0

were achieve

were used (o

more variabl

uraging and f

oxide samples

. Each colum

hout all tests

Consumptio

NaCN

6.3

8.6

6.4

8.1

d for the su

oxygen sparg

e, with silve r

further optim

s, using coar

mn test ran

on, kg/t

(

CaO

1.4

1.6

1.4

1.6

ulphide and t

ing plus eleva

r ex tract ions

mization test

rser material

for 75 days

% Extractio

calculated from PL

75.3

84.4

88.3

86.6

transition

ated pulp

between

t w o r k i s

than the

and the

LS concs)

45.8

45.1

29.3

29.4

Technical information contained in this news release has been approved by Andy Holloway, P.Eng.,

C E n g . , P r i n c i p a l P r o c e s s E n g i n e e r a t A G P M i n i n g C o n s u l t a n t s I n c. , w h o i s a Q u a l i f i e d P e r s o n f o r t h e

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 w hich owns the Silver Sand Project in

P o t o s í D e p a r t m e n t o f B o l i v i a , t h e T a g i s h L a k e g o l d p r o j e c t i n Yukon, Canada and the RZY Project in

Qinghai Province, China. Its largest shareholders are Silvercorp Metals Inc. and Pan American Silver Corp.,

one of the world's largest primary silver producers, which oper ates 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

[email protected] 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 phrases such as “expects”, “is expected”,

“anticipates”, “believes”, “plans ”, “projects”, “estimates”, “a ssumes”, “intends”, “strategies”, “targets”,

“goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that

certain actions, events or results “may”, “could”, “would”, “mi ght” 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 vari ety 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,

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 t he factors t hat may affect any of the Company’s forward‐looking statements or

information. Forward‐looking statements or information are statements about the future and are inherently

uncertain, and actual achievements of the Company or other futu re events or conditions may differ materially

from those reflected in the forward‐looking statements or infor mation due to a variety of risks, uncertainties

and other factors, including, without limitation, those referre d to in the Company’s Annual Information Form

for the year ended June 30, 2018 under the heading “Risk Factor s”. Although the Company has attempted to

identify important factors that could cause actual results to d iffer 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 bas ed 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 assume 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 inform a t i o n . F o r t h e r e a s o n s s e t f o r t h a b o v e ,

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 Standa rds, 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.

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