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New Pacific Metals Intercepts Multiple Zones of Silver Mineralization at Snake Hole Zone, Silver Sand Project, Bolivia
VANCOUVER, British Columbia, Aug. 06, 2020 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) is pleased
About this update from New Pacific Metals Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 06, 2020 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) is pleased to announce that exploration drilling at the Snake Hole Zone continues to intersect broad zones of silver mineralization and confirms mineral continuity. The Snake Hole Zone prospect, located approximately 600 metres (“m”) east of the core area of the Silver Sand deposit, was discovered in late 2019 and returned results such as 279 g/t Ag over 72.44 m, including 517 g/t Ag over 32.96 m in discovery hole DSS5218 (see news release from January 13, 2020). During the first quarter of 2020, eight new drill holes were completed for a total of 1,589.75 m. The objective of the drill program was to confirm the continuity of silver mineralization as well as to continue to explore the >1,000 m mineralized trend. Seven of the eight holes intersected structurally controlled silver mineralization, of which assay results of six holes have been received and are summarized in Table 1 below, with pending assay results for the remaining two holes. Drill results confirm the continuity of silver mineralization between the holes on section 52, where the initial discovery at Snake Hole was made in 2019. Table 1: Summary of Snake Hole Zone prospect drill assay results from Q1 2020 drilling. Drillhole ID Target From To Length Weighted Grade Ag (g/t) DSS525022 Snake Hole Zone 137.50 154.03 16.53 107 incl 137.50 145.30 7.80 216 DSS525023 Snake Hole Zone no significant results DSS5227 Snake Hole Zone 45.06 75.46 30.40 172 and 122.53 136.80 14.27 138 DSS5228 Snake Hole Zone 57.91 97.30 39.39 126 incl 66.37 97.30 30.93 159 incl 78.33 90.59 12.26 354 and 139.00 163.60 24.60 102 incl 151.47 163.60 12.13 148 DSS5229 Snake Hole Zone 134.50 144.17 9.67 166 DSS5230 Snake Hole Zone 86.15 95.00 8.85 33 and 131.11 150.15 19.04 32 DSS5231 assay pending DSS505020 assay pending Notes: True width is estimated at 80% of drill intercepts based on the current understanding of the relationship between drill direction and mineralized structures. Grade is length weighted. Drill location, azimuth and dip of drill holes provided in Table 2 below SNAKE HOLE ZONE The Snake Hole Zone prospect consis...