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TSX:NUAG

New Pacific Metals

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Market:
TSX
Market Cap:
$990.12 m
Price
6.48 CAD
Change
-8.80%
52 weeks high
7.23
52 weeks low
5.18

Silver Sand Project

Location

Silver Sand is composed of four concession areas of North and South blocks totaling ~6 km².

The project is 4,050 m above sea level and is approximately 25 km northeast of the world-famous Cerro Rico silver and base metal mineral system near Potosi.

Access is relatively easy with a road distance of 54 km to Potosi, of which 27 km are paved road (the Bolivia National Highway 5). The rest is year-round gravel road for mining purpose of the Colavi mining district.

History, Geology, Mineralization

Silver Sand Property is one of the earliest mineral discoveries in Bolivia, before the discovery of Cerro Rico in the mid-1500’s. Silver was mined in the core area of our Silver Sand Property by Spanish Colonials since the early 16th century until the end of 19th century. Thereafter, tin was mined from Colavi and Canutillos during the Tin Baron period and until the time of the tin price crash in 1985. There are widespread small mine workings, artisanal mining dumps and numerous abandoned miners’ villages within the property.

For more information, please click here

 

Silverstrike Project

Location

Silverstrike consists of 9 concessions totaling ~13km². The project is located approximately 140 kilometres (“km”) southwest of La Paz, Bolivia at an elevation of 4,000 to 4,500 m. 

Geology and Mineralization

By using the geological knowledge gained at exploring the Silver Sand Project, the Company believes that the Silverstrike Project represents an opportunity similar to the Silver Sand Project with the potential to explore a large silver mineralization system.

Geologically, the Silverstrike Project is composed of Tertiary red sandstones and mudstone sequences (Mauri and Beren Formations) that were extruded by a Tertiary rhyolitic volcanic dome and associated pyroclastic sediments.

The Project contains extensive silver mining dumps (Figure-1) the results of Spanish Colonial mining activities which exploited near surface polymetallic silver-gold-lead-zinc (Ag-Au-Pb-Zn) mineralized bodies.  Currently there are no active mining activities on site.  The Silverstrike Project is divided into three areas according to the styles of mineralization: 

1). Subvertical Ag-Pb-Zn mineralized fractures developed in sub-horizontal sandstones at Silverstrike North, where the mineralization seems to be related to bleached whitish sandstones by hydrothermal fluids. This style of silver mineralization is similar to that in Silver Sand Project;

2). Disseminated Ag-Au-Pb-Zn mineralization associated with rhyolitic volcanic dome or diatreme of 900m by 900m extent at the Silverstrike Central; and

3). Ag-Pb-Zn Mineralization in quartz and K-feldspar phenocryst rhyolite that intruded into red sandstone strata at Silverstrike South.

Rio Tinto extensively sampled the mining dumps in the Project area and drilled four diamond drill holes at Silverstrike North, and four diamond holes and twelve RC holes in Silverstrike Central in 1995.  Near surface Ag-Au-Pb-Zn mineralization was identified in all three areas.

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Canada and Bolivia

Dr. Mark Cruise

Ph. D., Geology

CEO

Dr. Mark Cruise is an exploration and mining professional with in excess of 25-years global experience having discovered, developed or operated mines in Europe, South America, Canada and Africa.  Most recently Mark founded Trevali Mining where he grew the Company from an initial discovery to a global top-ten zinc producer.  Mark has held a variety of professional and executive positions with Anglo American and various TSX / TSX-V listed exploration and development companies. Mark holds a Bachelor of Geology and a Doctorate of Geology from the University of Dublin, Trinity College. He is a professional member of the Institute of Geologists of Ireland and the European Federation of Geologists.

Mark provides oversight to the Canadian leadership team in addition to the Bolivian development and exploration teams as the Company continues to de-risk and advance the Silver Sand Project and grow its project pipeline.

Gordon Neal

President

Mr. Neal has extensive experience in the metals and mining sector, capital markets and government communications.   He was most recently the Vice President of Corporate Development for Silvercorp Metals Inc., New Pacific’s largest shareholder.  Previous to that role he held the same position at MAG Silver Corp. Mr. Neal’s career also saw him working in the Office of the Prime Minister of Canada as a senior communications advisor. Mr Neal is responsible for investor relations, the coordination of capital markets, and government communications.

Jalen Yuan

C.P.A., C.A.

CFO

Jalen Yuan is a professional accountant with over 14 years of diverse international experience in financial reporting, financing, auditing, internal control, and accounting in the mining industry. Mr. Yuan is a member of Chartered Professional Accountants of British Columbia (“CPA, CA – BC”) since 2009. Prior to joining the Company, Mr. Yuan had held the position of financial controller at Silvercorp Metals Inc. for over 10 years and had three years public practice experience with Grant Thornton LLP where he focused on audits of financial information and internal controls for Canadian companies. Mr. Yuan has a Honours Bachelor of Commerce Degree from Laurentian University, Canada and a Bachelor of Engineering Degree from Tongji University, China.

Alex Zhang

M. Eng., M.Sci., P. Geo.

Vice President, Exploration

Mr. Zhang is a Professional Geoscientist registered with Engineers and Geoscientists BC (EGBC) and in good standing, with more than 30 years of experience in mineral exploration and has worked with Eldorado Gold, Afcan Mining, Sino Gold, Silvercorp and New Pacific Metals. He supervised the exploration activities of multiple major gold projects and silver-lead-zinc polymetallic projects in China, Canada and Bolivia at various stages from exploration through development to production with roles of senior exploration geologist, senior resource geologist, exploration manager, chief geologist and vice president of exploration, and brings a full range of technical and managerial skills related to mineral exploration and mining projects. Mr. Zhang received his Master Degree of Engineering in mineral exploration from China University of Mining and Technology, and received his Master Degree of Science in mineral exploration from Queen’s University in Ontario, Canada.

David Tingey

Vice President, Sustainability

David holds formal qualifications in Civil/Environmental Engineering and brings with him 20+ years of diverse leadership experience across the mining and construction sectors ranging from small-scale to international market leaders, including: Rio Tinto, Western Coal, Coeur D’Alene mining and Comsur. He has worked in Europe, Africa and the Americas including Bolivia and he is very familiar with the culture and norms. David processes a comprehensive knowledge and experience in the full portfolio of Sustainability (Health, Safety, Environmental, Community Relations and CSR), developing strategies, strengthening key stakeholder relationships, identifying risks and managing challenges throughout the project lifecycle according to national and Good International Industry Practices.

Gary DeSchutter

Silver Sand Project Manager

Gary is a Professional Geologist who brings more than twenty years’ experience working for major international exploration and mining companies, such as Anglo American plc and Falconbridge Limited, as an independent consultant to the Mining & Exploration community, and as the Exploration Superintendent at a producing palladium mine in northwestern Ontario Canada. He is experienced at managing all facets of small to large-scale, greenfield to pre-feasibility level exploration projects and has been fortunate to work around the world during his career, including throughout Canada, Nevada, Alaska, Honduras, South Africa, Zimbabwe, and northern Europe. In addition to project management, Gary received his Masters of Science degree in Geology from Laurentian University and is a member in good standing with Engineers & Geoscientists British Columbia (EGBC) and Professional Geoscientists of Ontario (PGO). 

Yong-Jae Kim

LL.B

General Counsel and Corporate Secretary

Yong-Jae Kim is called to the British Columbia bar.  He previously practiced law at Gowling WLG (Canada) LLP in their corporate finance group where he advised a number of large companies in the resource sector active in various international jurisdictions.  Yong-Jae has been recognized as a leading cross-border corporate lawyer and awarded a Rising Star award by Lexpert.  Yong-Jae earned his LLB at the Queen’s University and also holds a Bachelor of Arts in History from UBC. 

Investor Relations

Telephone 604-633-1368
Fax 604-669-9387
Email [email protected]

Office Address

New Pacific Metals Corp.
Suite 1750-1066 W. Hastings Street
Vancouver, BC
Canada V6E 3X1