New Pacific Metals Reports Inaugural Resource Estimate for the Silver Sand Deposit - Bolivia - NI 43-101 Mineral Resource Estimate

Aug 23, 2026

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New Pacific Metals Corp. announces the first independent NI 43-101 Mineral Resource estimate for its 100% owned Silver Sand Deposit in Bolivia. Conducted by AMC Mining Consultants, the estimate uses property boundaries and conceptual open-pit constraints with a 45 g/t silver cut-off grade, and accounts for depletion from historical mining. The release highlights measured and indicated tonnage and grade, the deposit’s open potential at north, south and depth, and notes excluded Snake Hole results. It also states ongoing preliminary economic assessment studies and planned webcast details.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages6

Reading Time15 min

AccessFree to download

Highlights

Resource estimate details

NEWS RELEASE Trading Symbol: TSX‐V: NUAGOTCQX: NUPMF New Pacific Metals Reports Inaugural Resource Estimate for the Silver Sand Deposit, Bolivia Vancouver, British Columbia – April 14, 2020 – New Pacific Metals Corp. (TSX‐V: NUAG) (OTCQX: NUPMF)(“New Pacific” or the “Company”) s pleased to report the first independent National Instrument 43‐101 (“NI 43‐101”) Mineral Resource estimate for its 100% owned Silver Sand Deposit, Bolivia. The study was completed by AMC Mining Consultants (Canada) Ltd. (“AMC”) . The Company will host a webcast to discuss the Silver Sand Project on April 15, 2020 at 10:30 am Eastern Time / 7:30 am Pacific Time – details of which are at the bottom of the news release. The resource estimate used property boundary and conceptual open pit mining constraints and arepresented in Table 1 using a 45 g/t silver cut‐off grade. The model is depleted for historical mining activities: Table 1: Silver Sand Deposit ‐ Conceptual Pit1 constrained Mineral Resource as of 31 December 2019. | Resource category | Tonnes (Mt) | Ag (g/t) | Ag (Moz) | | --- | --- | --- | --- | | Measured
Indicated
Measured & Indicated Inferred | 8.4
26.99 | 159
130 | 43.05
112.81 | | | 35.39 | 137 | 155.86 | | | 9.84 | 112 | 35.55 | 1 Notes: 􀁸 CIM Definition Standards (2014) were used for reporting the Mineral Resources . 􀁸 The Qualified Person is Dinara Nussipakynova, P.Geo. of AMC Mining Consultants (Canada) Ltd. 􀁸 Mineral Resources are constrained by an optimized pit shell at a metal price of US$18 .70/oz Ag, recovery of 90% Ag and Cut-off grade of 45 g/t Ag. 􀁸 Mineral Resources are reported inside the Claim boundary. 􀁸 Pit optimization allows waste mining to extend outside the claim to the NE and SW. 􀁸 Drilling results up to 31 December 2019. 􀁸 The numbers may not compute exactly due to rounding. 􀁸 Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Source: AMC Surrounding the conceptual constrained open pit is a zone of mineralized material of similar tenor and grade which has been drilled at variable distances ranging from 25m to plus 100m: The first area immediately surrounds and encompasses the pit and has been drilled between 25m and 50m distances. The Company considers this area to contain potential tonnage range of 7Mt to 15Mt and grades ranging from 85 g/t Ag to 150 g/t Ag. This area requires additional engineering studies to be included in any future mine plans. The second area occurs at the southern end of the Silver Sand deposit and has received less exploration to date. The Company has defined an additional tonnages from 10Mt to 20Mt and grades ranging from 85 g/t Ag to 150 g/t Ag exploration target surrounding and below the current defined resource. Initial drilling has intersected silver mineralization over similar widths and intervals asthe main deposit, however, drill density insufficient to categorize the zone as Inferred at this time. The potential quantity and grade from these two areas are conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. HIGHLIGHTS 􀁸 Silver Sand is one of the more significant new global primary silver discoveries in the last decade. 􀁸 Mineralization remains open to the North and South and at depth. No feeder zones or source intrusions have been discovered to date. The Company classifies the exploration potential as good to excellent 􀁸 Detailed drilling indicates good mineral continuity to provide high confidence – lower technical risk. Measured & Indicated tonnes of 35.39 Mt @ 137 g/t Ag for 155.86 Moz or ~70% of theresource estimate. 􀁸 Mineralization starts at or near‐surface and is amenable to potential open‐pit mining extraction: Approximately 70% of the resources are within 200 m of the conceptual open pit surface. 􀁸 Favourable initial metall

FAQs

What milestone does New Pacific Metals report for the Silver Sand Deposit?

The company reports its inaugural independent NI 43-101 Mineral Resource estimate for the 100% owned Silver Sand Deposit in Bolivia.

What cut-off grade and study constraints are used in the resource estimate?

The estimate uses a 45 g/t Ag cut-off grade and conceptual open-pit constraints within the property boundary.

Which exploration results are excluded from the resource estimate?

The resource estimate excludes the recently discovered Snake Hole zone and related drill results, as described in the release.

Aug 23, 2026

Upload by Connor