Proactive Investors
Published Aug 08, 2022 06:55
Updated Aug 08, 2022 07:15
New Pacific Metals reports assay results for another seven drill holes of the 2022 drill program at the Carangas Silver-Gold Project
New Pacific Metals (TSX:NUAG, NYSE:NEWP) Corp, together with its local Bolivian partner, has reported assay results for another seven drill holes of the 2022 drill program at the Carangas Silver-Gold Project, Oruro Department, Bolivia.
The company said the assay results continue to expand silver and gold mineralization for the Carangas project, where near-surface silver horizons are stacked over a broad bulk gold mineralization.
To date in 2022, New Pacific said, 21,980 meters (m) in 43 drill holes have been completed at Carangas. Assay results for the twelve drill holes from the 2022 drilling program have now been received and released with the first five holes released on July 13, 2022.
READ: New Pacific Metals reveals first batch of drill results from Carangas silver-gold project in Bolivia
The results for the remaining 31 holes are pending. The company noted that the 2022 drill program is currently advancing well with five drill rigs.
Deep Hole DCAr0044 was the 6th hole drilled into the emerging Gold Zone and successfully intersected 514m grading 1.1 grams per tonne (g/t) gold (Au).
The company said the remaining other six holes are relatively shallow holes that targeted near-surface silver mineralization in the northern portion of the Central Valley.
Drilling highlights included:
The recently discovered Carangas Silver-Gold Project is undergoing a 40,000m drill program. The third project, the Silverstrike Silver-Gold Project, commenced a 6,000m initial test drilling program in June 2022.
Contact the author at jon.hopkins@proactiveinvestors.com
Read more on Proactive Investors CA
Disclaimer
Written By: Proactive Investors
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.