Exploration Progress on the HNK Gold-Polymetallic Exploration Permit in Guangdong Province, China
Sep 18, 2007
VANCOUVER, BRITISH COLUMBIA -- September 18, 2007 - New Pacific Metals Corp. (TSX-V: NUX) is pleased to report progress on the HNK Gold-Polymetallic Exploration permit area of Guangdong Province, China. The HNK permit, located in Guangning County, covers an area of approximately 56.5 square kilometers. There were many artesian mining activities on the properties which were shut down by local authorities ten years ago.
During the last several months, NUX's geologists have mapped and sampled a total of 166 old tunnels with a combined length of about 5,600 meters. Among the 166 old tunnels, samples from 55 tunnels have assayed gold values. In total, 15 gold-bearing veins ranging in lengths from 100 m to about 1,000 m and widths of 0.1 m to 1.5 m have been identified within a northeasterly elongated area of about 5 by 2.5 kilometers. Within the area, an IP geophysical survey has also been completed and six of the IP geophysical anomalies overlap with the known gold-bearing veins.
Veins V9, V18, V107 and V109 are the most important among the 15 veins and are the subject of the first phase drilling program to test their depth extension. A drill program of 3,500 m in ten drill holes has commenced with the first drill hole having been completed. Hole ZK2001 intercepted V9 vein from 177.9 m to 181.9 m (4 m of interval with a true width of 2.82 m) grading 4.32 g/t gold.
The following table lists sample assay results from the tunnels. Significant grade results include:
> 0.3 m grading 9.93 g/t gold for V9 vein from tunnel LD22,
> 0.35 m grading 23 g/t gold and 16 g/t silver for V9 vein from tunnel LD133,
> 0.5 m grading 29.29 g/t gold, 2705 g/t silver, 7.74% lead and 4.41% Zinc for Vein V109 from tunnel LD309,
> 0.7 m grading 9.66 g/t gold, 1055 g/t silver, 5.66% lead and 2.05% Zinc for V109 vein from tunnel LD309
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Quality Control
The Company has implemented a quality control program to ensure best practice in sampling and analysis of the tunnel and drill hole samples. All samples are shipped directly in security sealed bags to the two certified Laboratories, the Laboratory of Sichuan Bureau of Geology and Mineral Resources in Chengdu and the Testing Centre of Yunnan Province Bureau of Non-ferrous Metals Geology for cross checking. Both laboratories are certified by China Bureau of Quality Control and Quality Assurance. In the laboratories, samples are dried, crushed, split, pulverized to 200 mesh, and then assay according the standardized ICP/AA program. The Exploration work is carried out by Yunnan Jin Chang Jiang Mining Co. Ltd., a 100% subsidiary company of Silvercorp and is directly supervised by Mr. Jigui Sun (BA & M.S., Geology), the General Manager of Jin Chang Jiang and by Dr. Rui Feng (Ph.D., Geology), President of New Pacific.
For Further Information:
New Pacific Metals Corp.
Lou Duarte, Director
Phone: +1 (604) 633-1368
Fax: +1 (604) 669-9387
Email: [email protected]
Website: www.newpacificmetals.com
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