New Pacific Intersects Broad Zones of Silver-rich Mineralization in the Central Valley Zone at the Carangas Silver Project

VANCOUVER, BC, Nov. 22, 2021

VANCOUVER, BC, Nov. 22, 2021 /PRNewswire/ - New Pacific Metals Corp. ("New Pacific" or the "Company") (TSX: NUAG) (NYSE American: NEWP), together with its local Bolivian partner, announces the receipt of assay results from five additional drill holes from the Phase I discovery drill program at the Carangas Silver Project, Oruro Department, Bolivia (the "Carangas Project" or the "Project").

Similar to the first six drill holes reported previously, all five drill holes intersected broad zones of silver-rich, polymetallic mineralization in the Central Valley Zone starting near-surface or immediately beneath younger fluvial sediment cover and continuing to depth (Table 1 and Figure 1). 

Dr. Mark Cruise, CEO of New Pacific, notes: "Ongoing drilling continues to increase the size of the silver-rich polymetallic mineralization at the emerging Carangas discovery. We are encouraged by the most recent intercepts in the Central Valley Zone which confirm the presence of a large mineralized system. The Phase II drill program, which is expected to be completed by year-end, will continue to test this area."