New Pacific Metals Corp.

 

Silver Sand Project

Silver Sand Project Technical Report (August 15, 2017)

Silver Sand Project Technical Report (April 6, 2017)

Introduction

New Pacific’s Flagship Property is its Silver Sands Property in Bolivia. New Pacific acquired Alcira, the owner of the Silver Sands Property for cash payments of US$36,000,000 (July 18, 2017) with an additional US$4,000,000 due by October 18, 2017 and a final payment of US$5,000,000 shall be paid once the certain specified permits and licenses have been received from the authorities of Bolivia necessary for mining and milling operations, or once Alcira has commenced commercial production.

Alcira has seven silver-polymetallic mineral properties or ATEs (Temporary Special Authorization) in Bolivia. The most significant property is the Silver Sand Property located in the Potosí Department, which has been subjected to some small-scale, historic mining and was drilled during the period 2012 through 2015 by Alcira. The other six are early-stage exploration projects, which have either been subject to limited small-scale mining or historical drilling.

Silver Sand Project Location