Carangas, a resources over 1,588K Oz of gold

Sep 06, 2023

New Pacific Metals Corp reported the inaugural independent National Instrument Standards of Disclosure for Mineral Projects mineral resource estimate (the MRE) for its 98%‐controlled Carangas silver‐gold polymetallic deposit in Bolivia. The MRE was completed by RPMGlobal (Canada) Ltd.

Total indicated mineral resources of 214.9 million tonnes containing 205.3 million ounces of silver, 1,588.2 thousand ounces of gold, or collectively 559.8 Mozs silver equivalent (AgEq). Carangas is a globally significant Ag-Au polymetallic discovery.

The Carangas Project is hosted within a volcanic caldera system. This system is centered on a Tertiary‐aged diatreme. The mineralization process was influenced by the heat gradient from rhyolitic intrusions within the diatreme.

This process resulted in the formation of three distinct zones: an upper zone rich in silver, a middle zone dominated by zinc and lead, and a lower zone with a higher concentration of gold. For the MRE, the deposit was divided into three domains: one focused on silver, and the last one on gold.

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