1 Nov 2022drilling result▲ Good
Silverstrike's second hole matched the first, with 86 metres of near-surface oxide material grading 2.2 g/t gold.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Oct 2022drilling result▲ Good
Twenty-one more Carangas holes kept hitting the near-surface high-grade silver horizon, including 163 metres at 109 g/t silver; 33 holes of the 2022 program had then been reported.
19 Sept 2022drilling result▲ Good
Final 53 holes of the 2022 Silver Sand infill and step-out program reported, completing the data for a resource update due in October and keeping the project's first economic study on schedule.
12 Sept 2022drilling result▲ GoodMajor
The first hole at Silverstrike cut 111 metres at 1.54 g/t gold near surface, a discovery in the first hole of a programme begun three months earlier; six more holes had been drilled and were awaiting assay.
8 Aug 2022drilling result▲ Good
Seven more Carangas holes, led by DCAr0044 at 514 metres of 1.1 g/t gold.
13 July 2022drilling result▲ GoodMajor
First five holes of the 2022 Carangas program returned 535 metres at 1.0 g/t gold and 58 metres at 507 g/t silver, holding the pattern of a shallow high-grade silver horizon over a thick gold zone.
14 June 2022drilling progress report● Neutral
Began a 6,000 metre single-rig program at Silverstrike, a 13 square kilometre property 140 kilometres southwest of La Paz, testing a broad gold zone identified by the company and by historical drilling. A third Bolivian project alongside Silver Sand and Carangas.
7 June 2022drilling progress report● Neutral
Started drilling Jisas, a wholly owned satellite concession about 3 kilometres north of Silver Sand, as the infill drilling at the main deposit wound down.
31 May 2022drilling result▲ Good
Twenty more Silver Sand holes, best 60.48 metres at 236 g/t silver; the 2022 infill and step-out programme had grown to 94 holes and 21,309 metres, with 59 holes still to be assayed, all feeding the resource update behind the coming economic study.
17 May 2022drilling result▲ GoodMajor
The last ten holes of the 2021 Carangas program produced its best numbers yet - 595.7 metres at 1.25 g/t gold and 10.25 metres at 1,213 g/t silver - completing assays for all 35 holes. What began as a silver target is now a silver-gold system with a broad gold zone beneath it.
11 Apr 2022drilling result▲ Good
Silver Sand drilling returned 86.03 metres at 229 g/t silver; all 2021 holes had been assayed and 13 of 48 holes from the 10,520 metres drilled so far in 2022, out of a planned 15,000 metres of step-out and infill work.
24 Feb 2022drilling result▲ GoodMajor
A 323 metre intercept grading 1.03 g/t gold and 12 g/t silver confirmed that the gold at Carangas is broad as well as deep; 25 of the 35 discovery holes had been assayed and every one had hit silver-rich material near surface.
14 Feb 2022drilling result▲ GoodMajor
Carangas turned out to have a gold zone underneath the silver: 148 metres at 78 g/t silver with 2.07% lead and zinc sitting on top of 95 metres at 1.14 g/t gold and 31 g/t silver. Seventeen of the 35 holes drilled in 2021 had been assayed.
14 Feb 2022resource reserve update● Neutral
Update on the Silver Sand economic study: the resource estimate is being rebuilt first, to take in Snake Hole and ground covered by the mining production contract, because 465 holes and 116,010 metres have now been drilled there against the 330 holes that went into the 2020 estimate. The study was pushed to the end of 2022 and a further specialist consultant was being appointed.
23 Nov 2021drilling result▲ Good
Five more holes extended the discovery into the Central Valley Zone at Carangas, the best being 176.77 metres at 94 g/t silver equivalent including 60.45 metres at 169 g/t; all eleven holes reported so far have hit broad silver-rich mineralisation.
2 Nov 2021drilling result▲ Good
Four more Carangas holes, all mineralised from surface: 228.3 metres at 73 g/t silver equivalent including 18.06 metres at 317 g/t, and 182.5 metres at 89 g/t including 37.2 metres at 249 g/t.
27 Oct 2021drilling progress report▲ Good
Brought in two more rigs at Carangas for a second phase of at least 7,500 metres by year end, on the strength of the first assays.
19 Oct 2021other▲ GoodMajor
Metallurgical work showed 80% silver recovery from Silver Sand by heap leaching, which New Pacific said is cheaper to build and run than the alternatives, and it works about equally on oxide and transitional material - together roughly 80% of a resource then standing at 35.39 million tonnes at 137 g/t measured and indicated (155.85 million ounces of silver) plus 9.84 million tonnes inferred (35.55 million ounces).
9 Sept 2021drilling result▲ GoodMajor
The first two holes at Carangas hit silver from surface: 187.7 metres at 101 g/t silver equivalent including 7.4 metres at 625 g/t, and 143.6 metres at 144 g/t including 26.2 metres at 589 g/t. Eleven more holes were still to be assayed, and this is the discovery that turns Carangas from a target into a project.
13 Aug 2021regulatory community update▲ GoodMajor
Bolivia's mining authority granted an Administrative Mining Contract over Silver Sand to New Pacific's local subsidiary Empresa Minera Alcira, with registration and notarisation complete. It establishes clear title to the project's mineral rights - the foundational legal step in a jurisdiction where tenure is the main risk.
28 July 2021drilling progress report● NeutralMajor
Began a 38,000 metre drill program at the flagship Silver Sand project in Potosi, Bolivia, with about 80% of it aimed at expanding the existing resource, 5,000 metres testing for feeder zones, and geotechnical and continuity holes to support a first economic study of the deposit.
19 July 2021securities registration● NeutralMajor
Filed a final base shelf prospectus and a US Form F-10 allowing up to US$200 million of shares, debt or warrants to be issued at will over the shelf's life. Standing permission to raise, for a company with no production and no revenue.
29 June 2021drilling progress report● Neutral
Started a first discovery drill program at the Carangas silver project in Oruro, Bolivia - about 20 holes and 3,000 metres in eight weeks, within a planned 5,000 metre programme - testing near-surface bulk-tonnage and high-grade vein targets around the historically mined West and East Domes.