New Pacific Metals (TSX:NUAG, NYSE:NEWP) Corp has revealed new drill results from the first five holes of its 2022 drill program at Carangas that showcased near surface silver horizons over a broad bulk gold mineralization.
Highlights from the results include a 535.63 metre (m) interval grading 1 gram per ton (g/t) gold and 11 g/t silver, including 72.16m at 3.54 g/t gold and 12 g/t silver.
The same hole intersected a silver horizon of 152.73m grading 55 g/t silver, 0.53% lead and 1.07% zinc, according to a release from New Pacific.
READ: New Pacific Metals commences drill program at its Bolivia gold and silver project
Another hole intersected 58.1m at 507 g/t silver, 0.60% lead and 0.94% zinc, which included a bonanza interval of 5.17m at 6,236 g/t silver, 2.62% lead, 6.23% zinc and 0.42% copper.
New Pacific has drilled 16,754m in 31 drill holes at Carangas in 2022. The assay results continue to show near surface silver horizons stacking over a broad bulk gold mineralization below, according to the resource junior.
There are currently five drills on the Bolivian property, with three larger drill rigs capable of 1,000m depth capacity. Those drills are focused on both near surface silver and deeper gold zones, New Pacific said. Two other smaller rigs are drilling the near-surface silver zone only, it added.
The recently discovered Carangas project is undergoing a 40,000m drill program.
Vancouver-based New Pacific is concentrated on mineral exploration in Bolivia.
Contact Angela at angela@proactiveinvestors.com
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