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NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2022
NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2022 ...
About this update from New Pacific Metals Corp
[{"type":"text","content":"\n \n \n \n NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2022\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 7, 2023\n \n \n /CNW/ - New Pacific Metals Corp. (\"New Pacific\" or the \"Company\") (TSX: NUAG) (NYSE American: NEWP), reports its financial results for the three and six months ended\n \n December 31, 2022\n \n .  All figures are expressed in US dollars unless otherwise stated.\n \n \n \n FISCAL 2023 Q2 HIGHLIGHTS\n \n \n \n \n The Company reported the results of the preliminary economic assessment (the \"PEA\") of the Silver Sand Project on\n \n January 9, 2023\n \n . The PEA shows a post-tax net present value (\"NPV\") (at a 5% discount rate) of\n \n $726 million\n \n with an internal return rate (\"IRR\") of 39%, underpinned by a total silver production of 171 million ounces over 14 years of mine life. Please see \"\n \n Cautionary Note Regarding Results of Preliminary Economic Assessment\n \n \".\n \n \n The Company released the updated\n \n National Instrument 43-101 - Standards of Disclosure for Mineral Projects\n \n (\"NI 43-101\") mineral resource estimate (the \"MRE\") for the Silver Sand Project on\n \n November 28, 2022\n \n . The MRE shows total measured and indicated mineral resource of 201.77 million ounces of silver at a head grade of 116 grams per tonne (\"g/t\"). Please see \"\n \n Silver Sand Project\n \n \".\n \n \n The Company completed the 2022 drill program at the Carangas Silver-Gold Project for a total of 50,368 meters (\"m\") in 115 drill holes, of which assay results for 85 drill holes have been received and released to date. The assay results continue to indicate that a thick zone of gold mineralization occurs beneath a shallow silver horizon measuring approximately\n \n 1,000 m\n \n long,\n \n 800 m\n \n wide, and up to\n \n 200 m\n \n thick. Please see \"\n \n Carangas Project\n \n \".\n \n \n The Company advanced the\n \n 6,000 m\n \n initial discovery drill program at the Silverst...