New Pacific Metals Corp (CVE:NUAG) (OTCQX:NUPMF) has received approval to list its shares on the main board of the Toronto Stock Exchange, it said Monday.
Shares of the junior sliver company will start trading on Tuesday, August 11 under its current symbol ‘NUAG’ and delist from the TSX Venture Exchange on the same day.
The Canadian exploration and development company owns the Silver Sand project in Potosí Department, Bolivia and the Tagish Lake gold project in Yukon, Canada.
Its flagship Silver Sand project boasts a 35.4 million ton resource grading 137 grams per ton (g/t) silver for a total of 155.9 million ounces in the higher confidence measured and indicated category. The project also has 9.8 million tons at 112 g/t silver for 35.6 million ounces in the inferred category.
The estimate did not include the recently discovered Snake Hole zone, where drilling hit 72.4m grading at 279 g/t silver in January this year.
Toronto-based New Pacific recently closed a bought deal offering worth C$25 million, which it plans to put toward exploration and development at its Silver Sand project and others in Bolivia.
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