New Pacific Metals (TSX:NUAG, NYSE:NEWP) Corp, together with its local Bolivian partner, has reported assay results for another seven drill holes of the 2022 drill program at the Carangas Silver-Gold Project, Oruro Department, Bolivia.
The company said the assay results continue to expand silver and gold mineralization for the Carangas project, where near-surface silver horizons are stacked over a broad bulk gold mineralization.
To date in 2022, New Pacific said, 21,980 meters (m) in 43 drill holes have been completed at Carangas. Assay results for the twelve drill holes from the 2022 drilling program have now been received and released with the first five holes released on July 13, 2022.
READ: New Pacific Metals reveals first batch of drill results from Carangas silver-gold project in Bolivia
The results for the remaining 31 holes are pending. The company noted that the 2022 drill program is currently advancing well with five drill rigs.
Deep Hole DCAr0044 was the 6th hole drilled into the emerging Gold Zone and successfully intersected 514m grading 1.1 grams per tonne (g/t) gold (Au).
The company said the remaining other six holes are relatively shallow holes that targeted near-surface silver mineralization in the northern portion of the Central Valley.
Drilling highlights included:
- Gold Hole DCAr0044: 514.85m interval - from 266.35m to 781.2m - grading 1.10 g/t Au and 6 g/t silver (Ag), including higher grade intervals of 14.15m (from 436.2m to 450.35m) grading 3.8 g/t Au, 11g/t Ag and 0.12% copper (Cu); 87.51m interval - from 472.4m to 559.91m - grading 2.57 g/t Au, 9 g/t Ag and 0.12% Cu
- Silver Hole DCAr0041: 78.68m interval - from 37.8m to 116.48m - grading 75 g/t Ag, 0.71% Pb and 0.69% Zinc (Zn)
- Silver Hole DCAr0042: 79.2m interval - from 53m to 132.2m - grading 77 g/t Ag, 0.73% Pb and 1.43% Zn
- Silver Hole DCAr0045: 170.64m interval - from 8.36m to 179m - grading 88 g/t Ag, 0.38% Pb and 0.61% Zn, including 72.17m interval grading 150 g/t Ag
- Silver Hole DCAr0046: 74.67m interval - from 7.68m to 82.35m -grading 102 g/t Ag, 0.9% Pb and 0.36% Zn
- Silver Hole DCAr0047: 19.95 m interval (from 77.5 m to 97.45 m) grading 163 g/t Ag, 0.41% Pb and 1.31% Zn.
- Silver Hole DCAr0048: 33.96m interval - from 142.5m to 176.46m - grading 104 g/t Ag, 0.42% Pb and 0.68% Zn
The recently discovered Carangas Silver-Gold Project is undergoing a 40,000m drill program. The third project, the Silverstrike Silver-Gold Project, commenced a 6,000m initial test drilling program in June 2022.
Contact the author at jon.hopkins@proactiveinvestors.com