New Pacific Metals Corp.

 

2007

Drill hole ZK11801 intersected 11.07 grams per tonne (g/t) Gold, 331 (g/t) Silver, 2.25% Lead and 4.5% Zinc over 1.11 meters at the HNK Gold-Polymetallic Exploration Permit in Guangdong Province, China

VANCOUVER, BRITISH COLUMBIA-- December 4, 2007 -- New Pacific Metals Corp. (TSX-V: NUX) is pleased to report additional exploration progress at the HNK Gold-Polymetallic Exploration permit area of Guangning County, Guangdong Province, China. The HNK permit covers an area of approximately 56.5 square kilometers.

The poly-metallic Vein V109 was identified and sampled through adit LD309 which yielded high grade results as reported in a news release dated September 18, 2007. Drill hole ZK11801 intends to test the depth extension of the V109 vein and intersected the V109 from 50.49 meters to 51.60 meters with an interval of 1.11 metres (close to true thickness) of primary mineralization grading 11.07 grams per tonne (g/t) gold, 331 (g/t) silver, 2.25% Lead and 4.5% Zinc.

Drill hole ZK11802 was drilled at the same location, but at a steeper angle, intersected the same zone suggesting the vein dips gently and extends to depth. Visible galena and sphalerite was observed. The third drill hole, ZK11901 stepping out approximately 200 meters southwest of ZK 11801, also intercepted visible galena and sphalerite mineralization of Vein V109. Assay results from these two holes are pending.

In addition to the V109 vein, the Company has brought a second drill rig to test Vein 9 and Vein 18. The second drill is presently drilling hole ZK0002 at the same location but at a different angle as drill hole ZK0001 intercepted V18 with a grade of 13.5 grams per ton gold (g/t) over a 3.1 meter interval from 272.2 m to 275.3 m, as reported in a news release dated October 29, 2007.

As a result of the encouraging results the Company has expanded the drill program to an additional 15 holes totalling 4800 meters with the objective of defining Veins V18, V9, V109 and testing several large IP anomalies.

Additional drill results will be reported when they become available.

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 assayed according the standardized ICP/AA program. The exploration work is carried out by Silvercorp Metals Inc.'s wholly owned subsidiary, Yunnan Jin Chang Jiang Mining Co. Ltd., 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 Metals.


For Further Information:
New Pacific Metals Corp.
Lou Duarte, Director
Phone: +1 (604) 633-1368
Fax: +1 (604) 669-9387
Email: info@newpacificmetals.com
Website: www.newpacificmetals.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

Download News Release (PDF: 57KB)