16 Sep, 15

New Pacific Reports Financial Results For The Year Ended June 30, 2015

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VANCOUVER, BRITISH COLUMBIA — September 16, 2015: New Pacific Metals Corp. (“New Pacific” or the “Company”) today announced its audited consolidated financial results for the year ended June 30, 2015.Â

This earnings release should be read in conjunction with the Company’s Management Discussion & Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on SEDAR at www.sedar.com and are also available on the Company’s website at www.newpacificmetals.com. All figures are expressed in Canadian Dollars (CAD) unless otherwise stated.

FISCAL 2015 FINANCIAL SUMMARY

For the year ended June 30, 2015, the Company reported net income attributable to equity holders of $1.7 million or $0.03 per share compared to net loss of $41.5 million or $0.62 per share in the prior year.

As at June 30, 2015, the Company had $23.7 million cash and cash equivalents and short term investment compared to $21.7 million a year ago.

FOURTH QUARTER FINANCIAL SUMMARY

For the quarter ended June 30, 2015, the Company reported net loss attributable to equity holders of $ 0.8 million or $0.01 per share, compared to net loss of $41.0 million or $0.61 per share in the same prior year period.

Net loss in the current quarter includes impairment of the Tagish Lake Gold project of $0.2 million compared to $40.0 million in the prior year quarter. Excluding impairment and other non-cash effects from foreign exchange and other non-cash expenses, the Company recorded cash expense of $0.3 million in the current quarter compared to $0.4 million in the prior year quarter.

ABOUT NEW PACIFIC

New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake gold project in Yukon, Canada and the RZY Project in Qinghai Province, China.

For further information, contact:

New Pacific Metals Corp.,
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in this press release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital expenditures; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; First Nations title claims and rights; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition; operations and political conditions; regulatory environment in Canada; environmental risks; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management.

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year ended June 30, 2014 under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

whitegoldbc2015
14 May, 15

New Pacific Reports Financial Results For The Three And Nine Months Ended March 31, 2015

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VANCOUVER, BRITISH COLUMBIA – May 14, 2015: New Pacific Metals Corp. (“New Pacific” or the “Company”) today announced its unaudited condensed consolidated interim financial results for the three and nine months ended March 31, 2015. 

This earnings release should be read in conjunction with the Company’s Management Discussion & Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on SEDAR at www.sedar.com and are also available on the Company’s website at www.newpacificmetals.com.  All figures are expressed in Canadian Dollars (CAD) unless otherwise stated.

FIRST QUARTER FINANCIAL HIGHLIGHTS

For the three months ended March 31, 2015, the Company reported net income attributable to equity holders of $1,588,543 or $0.02 per share compared to net income of $418,310 or $0.01 per share in the same prior year period.

For the nine months ended March 31, 2015, the Company reported net income attributable to equity holders of $2,548,549 or $0.04 per share compared to the net loss attributable to equity holders of $460,896 or $0.01 per share in the same prior year period.

Excluding effects from foreign exchange and other non-cash expenses, the Company recorded cash expenses of $279,710 and $804,168 in the three and nine months, respectively, ended March 31, 2015 compared to $394,397 and $1,253,831 in the same prior year period.

As at March 31, 2015, the Company had $24.1 million in cash and cash equivalents and short term investments.

ABOUT NEW PACIFIC

New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake gold project in Yukon, Canada and the RZY Project in Qinghai Province, China.

For further information, contact:

New Pacific Metals Corp.,
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in this press release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital expenditures; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; First Nations title claims and rights; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition; operations and political conditions; regulatory environment in Canada; environmental risks; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management.

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year ended June 30, 2014 under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

whitegoldbc2015
16 Feb, 15

New Pacific Reports Financial Results For The Three And Six Months Ended December 31, 2014 – Appoints Chief Financial Officer

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VANCOUVER, BRITISH COLUMBIA — February 16, 2015: New Pacific Metals Corp. (“New Pacific” or the “Company”) today announced its unaudited condensed consolidated interim financial results for the three and six months ended December 31, 2014.Â

This earnings release should be read in conjunction with the Company’s Management Discussion & Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on SEDAR at www.sedar.com and are also available on the Company’s website at www.newpacificmetals.com. All figures are expressed in Canadian Dollars (CAD) unless otherwise stated.

FIRST QUARTER FINANCIAL HIGHLIGHTS

For the three months ended December 31, 2014, the Company reported net income attributable to equity holders of $355,455 or $0.01 per share compared to net income of $11,204 or $0.00 per share in the same prior year period.

For the six months ended December 31, 2014, the Company reported net income attributable to equity holders of $960,006 or $0.01 per share compared to the net loss attributable to equity holders of $879,206 or $0.01 per share in the same prior year period.

Excluding effects from foreign exchange and other non-cash expenses, the Company recorded cash expenses of $321,228 and $603,996 in the three and six months, respectively, ended December 31, 2014 compared to $457,285 and $858,464 in the same prior year period.

As at December 31, 2014, the Company had $22.5 million in cash and cash equivalents and short term investments.

APPOINTMENT OF CHIEF FINANCIAL OFFICER

The Company is pleased to announce the appointment of Jalen Yuan as Chief Financial Officer effective February 7, 2015.

Jalen Yuan is a professional accountant with over nine years of diverse international experience in financial reporting, auditing, internal control, and accounting.  Mr. Yuan is a current member of Institute of Chartered Accountants of British Columbia.  Mr. Yuan has also held the position of financial controller at Silvercorp Metals Inc. since 2010.  Prior to joining the mining industry, Mr. Yuan had three years auditing experience with Grant Thornton LLP where he focused on audits of financial information and internal controls for Canadian companies.  Mr. Yuan has an Honours Bachelor of Commerce Degree from Laurentian University, Canada and a Bachelor of Engineering Degree from Tongji University, China.  

ABOUT NEW PACIFIC

New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake gold project in Yukon, Canada and the RZY Project in Qinghai Province, China.

For further information, contact:

New Pacific Metals Corp.,
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in this press release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital expenditures; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; First Nations title claims and rights; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition; operations and political conditions; regulatory environment in Canada; environmental risks; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management.

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year ended June 30, 2014 under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

whitegoldbc2015
03 Dec, 14

New Pacific Reports 2014 AGM Results

VANCOUVER, British Columbia – December 3, 2014 – New Pacific Metals Corp. (“New Pacific” or the “Company”) (TSX: NUX) is pleased to report that all matters placed before the shareholders at its Annual General held on December 1, 2014, were approved. The voting report of the Annual General Meeting is available for review on SEDAR.

ABOUT NEW PACIFIC

New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake gold project in Yukon, Canada and the RZY Project in Qinghai Province, China.

For further information, contact:

New Pacific Metals Corp.
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in this press release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital expenditures; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; First Nations title claims and rights; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition; operations and political conditions; regulatory environment in Canada; environmental risks; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management.

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year ended June 30, 2014 under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

whitegoldbc2014
14 Nov, 14

New Pacific Reports Financial Results For The Three Months Ended September 30, 2014

VANCOUVER, BRITISH COLUMBIA – November 14, 2014: New Pacific Metals Corp. (“New Pacific” or the “Company”) today announced its unaudited condensed consolidated interim financial results for the three ended September 30, 2014. 

This earnings release should be read in conjunction with the Company’s Management Discussion & Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on SEDAR at www.sedar.com and are also available on the Company’s website at www.newpacificmetals.com.  All figures are expressed in Canadian Dollars (CAD) unless otherwise stated.

FIRST QUARTER FINANCIAL HIGHLIGHTS

For the three months ended September 30, 2014, the Company reported net income attributable to equity holders of $604,551 or $0.01 per share compared to net loss of $890,410 or $0.01 per share in the same prior year period.

Excluding effects from foreign exchange and other non-cash expenses, the Company recorded cash expenses of $282,768 in the three months ended September 30, 2014 compared to $400,043 in the same prior year period.

As at September 30, 2014, the Company had $22.1 million in cash and cash equivalents and short term investments.

Change of Senior Management

The Company announced that Ms. Maria Tang, the Company’s Chief Financial Officer since 2008, will be resigning for personal reasons as of February 2015.  The Company wishes to thanks Ms. Tang for her contributions to the Company during her years of service with the Company.  The Company is commencing a search for a replacement CFO.

ABOUT NEW PACIFIC

New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake gold project in Yukon, Canada and the RZY Project in Qinghai Province, China.

For further information, contact:

New Pacific Metals Corp.,
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in this press release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital expenditures; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; First Nations title claims and rights; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition; operations and political conditions; regulatory environment in Canada; environmental risks; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management.

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year ended June 30, 2014 under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

whitegoldbc2014
15 Sep, 14

New Pacific Reports Financial Results For The Year Ended June 30, 2014

VANCOUVER, BRITISH COLUMBIA — September 15, 2014: New Pacific Metals Corp. (“New Pacific” or the “Company”) today announced its audited consolidated financial results for the year ended June 30, 2014.Â

This earnings release should be read in conjunction with the Company’s Management Discussion & Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on SEDAR at www.sedar.com and are also available on the Company’s website at www.newpacificmetals.com. All figures are expressed in Canadian Dollars (CAD) unless otherwise stated.

FISCAL 2014 FINANCIAL SUMMARY

For the year ended June 30, 2014, the Company reported net loss attributable to equity holders of $41.5 million or $0.62 per share compared to $1.3 million or $0.02 per share in the prior year.Â

Due to the flooding in summer 2014 that closed public bridge access to the Tagish Lake site, and the prolonged inactivity as a result of the Yukon government’s inaction to resolve the exploration permit’s security deposit, management has elected to cease operations at the TLG Project. Management will revisit this issue once the Yukon government replaces the bridge and addresses the permit security issue, which the Company expects to be completed in mid-2015. The Company assessed the recoverable amounts at the value in use of each cash-generating unit to determine if there was any impairment. As a result of the assessment, an impairment expense of $40.0 million was recognized against the carrying amounts of the project’s mineral interest and plant and equipment.

Excluding impairment and other non-cash effects from foreign exchange and other non-cash expenses, the Company recorded cash expenses of $1.6 million in the current fiscal year compared to $1.8 million in the prior year. The reduction in general expenses was attributed to cost saving initiatives and the reduction of travel and other general exploration expenses.

As at the end of the fiscal year, the Company had $21.7 million in cash and cash equivalents and short term investments.

FOURTH QUARTER FINANCIAL SUMMARY

For the quarter ended June 30, 2014, the Company reported net loss attributable to equity holders of $41.0 million or $0.61 per share, compared to net income of $0.2 million or $0.003 per share, in the same prior year period.Â

Net loss in the current quarter includes impairment of the Tagish Lake Gold project of $40.0 million compared to $nil in the prior year quarter. Excluding impairment and other non-cash effects from foreign exchange and other non-cash expenses, the Company recorded cash expenses of $0.4 million in the current quarter compared to $0.6 million in the prior year quarter.

ABOUT NEW PACIFIC

New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake gold project in Yukon, Canada and the RZY Project in Qinghai Province, China.

For further information, contact:

New Pacific Metals Corp.,
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in this press release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital expenditures; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; First Nations title claims and rights; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition; operations and political conditions; regulatory environment in Canada; environmental risks; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management.

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year ended June 30, 2012 under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

whitegoldbc2014
14 May, 14

New Pacific Reports Financial Results For The Three And Nine Months Ended March 31, 2014

VANCOUVER, BRITISH COLUMBIA – May 14, 2014: New Pacific Metals Corp. (“New Pacific” or the “Company”) today announced its unaudited condensed consolidated interim financial results for the three and nine months ended March 31, 2014. 

This earnings release should be read in conjunction with the Company’s Management Discussion & Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on SEDAR at www.sedar.com and are also available on the Company’s website at www.newpacificmetals.com.  All figures are expressed in Canadian Dollars (CAD) unless otherwise stated.

THIRD QUARTER FINANCIAL HIGHLIGHTS

For the three months ended March 31, 2014, the Company reported net income attributable to equity holders of $418,310 or $0.01 per share compared to net income of $8,049 or $0.00 per share in the same prior year period.

For the nine months ended March 31, 2014, the Company reported net loss attributable to equity holders of $460,896 or $0.01 per share compared to net loss of $1,448,313 or $0.02 per share in the same prior year period.

Excluding effects from foreign exchange and other non-cash expenses, the Company recorded cash expenses of $394,397 and $1,253,831 in the three and nine months, respectively, ended March 31, 2014 compared to $382,885 and $1,252,168 in the same prior year periods.

As at March 31, 2014, the Company had $22.9 million in cash and cash equivalents and short term investments.

ABOUT NEW PACIFIC

New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake gold project in Yukon, Canada and the RZY Project in Qinghai Province, China.

For further information, contact:

New Pacific Metals Corp.,
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in this press release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital expenditures; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; First Nations title claims and rights; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition; operations and political conditions; regulatory environment in Canada; environmental risks; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management.

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year ended June 30, 2013 under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

whitegoldbc2014
12 Feb, 14

New Pacific Reports Financial Results For The Three And Six Months Ended December 31, 2013 – Appoints President And Senior Vice-President

VANCOUVER, BRITISH COLUMBIA — February 12, 2014: New Pacific Metals Corp. (“New Pacific” or the “Company”) today announced its unaudited condensed consolidated interim financial results for the three and six months ended December 31, 2013.Â

This earnings release should be read in conjunction with the Company’s Management Discussion & Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on SEDAR at www.sedar.com and are also available on the Company’s website at www.newpacificmetals.com. Â All figures are expressed in Canadian Dollars (CAD) unless otherwise stated.

FIRST QUARTER FINANCIAL HIGHLIGHTS

For the three months ended December 31, 2013, the Company reported net income attributable to equity holders of $11,204 or $0.00 per share compared to net loss of $297,069 or $0.00 per share in the same prior year period.

For the six months ended December 31, 2013, the Company reported net loss attributable to equity holders of $879,206 or $0.01 per share compared to net loss of $1,456,362 or $0.02 per share in the same prior year period.

Excluding effects from foreign exchange and other non-cash expenses, the Company recorded cash expenses of $457,285 and $858,464 in the three and six months, respectively, ended December 31, 2013 compared to $461,542 and $856,426 in the same prior year periods. Â

As at December 31, 2013, the Company had $23.4 million in cash and cash equivalents and short term investments.

APPOINTMENT OF PRESIDENT AND SENIOR VICE-PRESIDENT

The Company is pleased to announce the appointment of two officers to its management team.

Hongen Ma M.Sci. has been appointed President of the Company. He is leading the exploration and development work at the RZY project in Qinghai Province, China. Before joining the Company he worked at Silvercorp Metals Inc. for over six years assisting in the development of its properties in China. Mr. Ma has a Masters in Science and Bachelor of Science from Peking University, China.

Alex Zhang, M.Sci, M.Eng, P. Geo, has been appointed Senior Vice-President, Exploration of the Company. He is supervising exploration activities at the RZY project. Mr. Zhang has 20 years of experience and has worked with Eldorado Gold, Afcan Mining, and Sino Gold. He supervised the exploration activities of two major gold projects from exploration through development to production, and brings a full range of technical and managerial skills related to exploration project, data collection and validation, drill database setup, 3D modeling of geology bodies, block modeling, and other technical aspects of exploration projects.

ABOUT NEW PACIFIC

New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake gold project in Yukon, Canada and the RZY Project in Qinghai Province, China.

For further information, contact:

New Pacific Metals Corp.,
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com

 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION 

Certain of the statements and information in this press release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital expenditures; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; First Nations title claims and rights; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition; operations and political conditions; regulatory environment in Canada; environmental risks; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management.

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year ended June 30, 2013 under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

whitegoldbc2014
14 Jan, 14

New Pacific Intersects 7.87 Metres Grading 1,219 G/T Silver, 13.6% Lead, 11.9% Zinc, 1.69% Antimony, 0.38% Copper And 0.44% Tin Oxide At The RZY Project, China

VANCOUVER, BRITISH COLUMBIA – January 14, 2014: New Pacific Metals Corp. (“New Pacific” or the “Company”) is pleased to announce the final assay results of the 2013 diamond drilling program at the RZY silver-lead-zinc exploration project (the “Project”) in Qinghai province, China.  

The latest assay results, (combined with results released on November 18, 2013) show that the 2013 drilling program at the Project intersected significant silver-lead-zinc-antimony-copper-tin mineralization in two mineralization zones: the known main mineralized structure zone (“Zone 1”) was discovered by historical exploration; and a new mineralized structure zone (“Zone 2”, previously a target of interest based upon its soil geochemical anomaly), was confirmed this year by surface trenches and drilling to the depth. The new zone is located about 300 metres to the north of, and parallel to, the main zone.  Highlights of the most prominent drill results for each zone include (note – widths are core length not true widths):

Zone 1:

  • 35.30m @ 343 g/t Ag, 4.13% Pb, 4.66% Zn, 0.60% Sb, 0.12% Cu and 0.14% SnO2 from 26.00 metres to 61.30 metres, including 7.87m @ 1,219 g/t Ag, 13.63% Pb, 11.86% Zn, 1.69% Sb, 0.38% Cu and 0.44% SnO2 from 27.33 metres to 35.20 metres in the hole ZK2402.

  • 16.35m @ 204 g/t Ag, 1.53% Pb, 3.15% Zn, 0.37% Sb, 0.04% Cu and 0.02% SnO2from 110.65 metres to 127.00 metres, including 7.15m @ 412 g/t Ag, 2.69% Pb, 5.48% Zn, 0.71% Sb, 0.08% Cu and 0.04% SnO2 from 110.65 metres to 117.80 metres in the hole ZK1602.

  • 6.30m @ 271 g/t Ag, 5.61% Pb, 3.10% Zn, 0.84% Sb, 0.10% Cu and 0.13% SnO2from 80.40 metres to 86.70 metres, including 0.80m @ 1,740 g/t Ag, 38.52% Pb, 13.20% Zn, 5.63% Sb, 0.51% Cu and 0.65% SnO2 from 82.65 metres to 83.45 metres in the hole ZK2701.

Zone 2:

  • 15.00m @ 276 g/t Ag, 5.00% Pb, 6.13% Zn, 1.19% Sb, 0.08% Cu and 0.07% SnO2 from 89.00 metres to 104.00 metres, including 3.75m @ 602 g/t Ag, 10.87% Pb, 10.70% Zn, 2.63% Sb, 0.14% Cu and 0.12% SnO2 from 91.25 metres to 95.00 metres; and 2.95m @ 438 g/t Ag, 8.98% Pb, 10.45% Zn, 1.53% Sb, 0.14% Cu and 0.14% SnO2 from 99.65 metres to 102.60 metres in the hole ZK1102.

  • 5.60m @ 406 g/t Ag, 1.44% Pb, 0.96% Zn, 1.02% Sb and 0.02% Cu from 93.80 metres to 99.40 metres, including 1.50m @ 502 g/t Ag, 0.87% Pb, 1.16% Zn, 0.55% Sb and 0.03% Cu from 93.80 metres to 95.30 metres; and 1.40m @ 890 g/t Ag, 2.94% Pb, 0.29% Zn, 2.58% Sb and 0.04% Cu from 96.60 metres to 98.00 metres in the hole ZK1501.

  • 2.60m @ 598 g/t Ag, 10.61% Pb, 0.75% Zn, 3.02% Sb, 0.05% Cu and 0.15% SnO2 from 5.50 metres to 8.10 metres in the trench TC1101.

The assay results are summarized in Table 1 below. Mineralization style of Zone 1 and Zone 2 are similar and both zones are hosted by altered shear structures developed in Permian turbidite sediments and are generally characterized by massive and disseminated sulfides of galena-sphalerite-pyrite in altered sandstone and dacitic dykes. The 2013 drilling program covered only a two-kilometre long section of the entire six kilometre long known mineralized zones on a drill grid of one hundred metres by two hundred metres, aiming to test the size and nature of the silver-lead-zinc mineralized structure and to confirm the assay results of historical trenching and drilling.  With successful drill results of 2013 the Company believes that the Project may have the potential of hosting significant silver dominated polymetallic resources, and the Company plans to commence resource definition drilling at the known mineralized Zone 1 and Zone 2, and, in addition, plans to continue with regional exploration to identify more mineralized zones at other prospects of the Project during the 2014 field campaign.

Table 1: Assay results

Hole_id
Depth_from (m)
Depth_to (m)
Interval    (m)
Ag_g/t
Pb_%
Zn_%
Sb_%
Cu_%
SnO2_%
Remarks
ZK2402
17.00
18.50
1.50
 
 
0.65
 
0.01
 
Zone 1
 
26.00
61.30
35.30
343
4.13
4.66
0.60
0.12
0.14
including
27.33
35.20
7.87
1,219
13.63
11.86
1.69
0.38
0.44
 
106.30
107.30
1.00
166
0.44
0.40
0.22
0.03
 
 
178.40
180.15
1.75
15
0.29
0.39
0.04
0.01
 
 
241.50
243.00
1.50
13
0.48
0.87
0.01
0.01
 
 
283.50
286.50
3.00
3
0.07
0.91
0.01
0.00
 
 
289.50
291.00
1.50
6
0.02
1.21
 
0.01
 
 
294.00
295.80
1.80
16
0.20
0.79
0.03
0.01
0.01
ZK1602
17.00
24.50
7.50
1
0.13
0.87
0.01
0.01
 
 
48.50
50.00
1.50
58
0.35
0.13
0.05
0.03
 
 
110.65
127.00
16.35
204
1.53
3.15
0.37
0.04
0.02
including
110.65
117.80
7.15
412
2.69
5.48
0.71
0.08
0.04
 
149.55
157.00
7.45
33
0.60
0.79
0.11
0.02
 
 
163.00
164.50
1.50
6
0.05
0.46
0.01
0.01
 
 
168.90
170.35
1.45
13
0.22
0.69
0.03
0.01
 
 
186.70
188.20
1.50
13
1.51
0.02
0.16
0.01
 
ZK2701
21.90
23.40
1.50
25
0.30
0.67
0.07
0.02
0.01
 
69.24
71.80
2.56
36
0.67
1.53
0.11
0.02
0.01
 
77.80
79.30
1.50
17
0.25
0.56
0.04
0.01
0.01
 
80.40
86.70
6.30
271
5.61
3.10
0.84
0.10
0.13
including
82.65
83.45
0.80
1,740
38.52
13.20
5.63
0.51
0.65
 
88.00
89.30
1.30
30
0.59
0.36
0.07
0.01
 
 
91.90
93.05
1.15
15
0.24
0.64
0.03
0.01
0.03
 
162.10
166.65
4.55
77
1.23
0.92
0.02
0.04
0.04
including
164.60
165.60
1.00
261
4.12
1.46
0.03
0.12
0.10
 
170.80
176.45
5.65
135
1.63
5.79
0.04
0.10
0.05
including
170.80
173.60
2.80
259
3.25
7.25
0.08
0.15
0.08
ZK1901
16.55
17.30
0.75
58
0.44
0.53
0.15
0.02
0.01
 
36.20
37.50
1.30
45
0.41
0.76
0.10
0.01
 
 
44.50
50.40
5.90
59
1.02
2.87
0.21
0.03
0.02
including
46.35
47.85
1.50
152
2.52
7.72
0.59
0.07
0.06
 
76.63
79.80
3.17
113
2.80
2.23
0.51
0.04
0.02
including
76.63
77.90
1.27
246
6.27
4.66
1.15
0.08
0.05
 
85.95
87.20
1.25
30
0.74
0.59
0.09
0.01
 
 
192.52
194.55
2.03
22
0.25
0.29
0.03
0.01
 
ZK1101
43.80
45.30
1.50
29
0.53
0.90
0.06
0.02
 
 
72.00
73.20
1.20
17
0.27
0.99
0.05
0.03
 
 
101.00
102.15
1.15
264
3.27
2.56
0.09
0.07
0.03
 
249.25
250.50
1.25
19
0.02
2.08
 
0.04
0.03
ZK003
70.50
71.90
1.40
139
0.81
0.53
0.64
0.03
 
 
219.30
220.50
1.20
16
0.23
0.46
 
0.01
 
 
234.45
237.55
3.10
28
0.40
0.61
0.05
0.02
0.01
 
238.80
240.00
1.20
40
0.13
0.44
0.03
0.01
 
 
376.00
377.50
1.50
8
0.09
0.45
0.02
0.01
 
 
380.50
385.00
4.50
34
0.22
0.73
0.02
0.03
 
ZK501
5.90
6.90
1.00
79
3.29
2.89
0.60
0.05
0.04
 
51.70
53.10
1.40
61
1.68
1.20
0.46
0.04
0.05
 
106.90
108.60
1.70
150
0.26
0.36
0.34
0.04
0.04
 
263.70
265.20
1.50
21
0.33
0.52
0.02
0.01
 
ZK801
27.20
28.70
1.50
56
0.80
1.80
0.15
0.04
0.05
 
37.70
40.10
2.40
18
0.27
0.71
0.04
0.01
 
 
48.80
51.00
2.20
12
0.15
0.89
0.05
0.01
 
 
60.70
61.70
1.00
55
0.29
0.10
0.08
0.02
0.01
ZK3201
66.90
70.90
4.00
209
0.51
0.84
0.18
0.04
 
including
69.50
70.90
1.40
440
1.23
2.07
0.44
0.06
0.01
 
92.00
97.00
5.00
69
0.15
1.27
0.07
0.02
0.01
 
141.00
142.10
1.10
22
0.29
0.51
0.03
0.02
0.01
 
143.20
144.25
1.05
121
1.12
5.45
0.36
0.08
0.06
 
201.70
205.05
3.35
53
0.58
1.48
0.02
0.01
 
ZK4001
6.50
7.70
1.20
5
0.08
0.76
0.01
0.02
 
 
33.35
34.20
0.85
157
0.37
2.27
0.11
0.04
 
 
38.60
42.30
3.70
33
0.09
0.78
0.03
0.01
 
 
58.70
59.80
1.10
6
0.10
0.68
0.02
0.01
0.01
 
118.00
119.20
1.20
214
1.35
4.95
0.27
0.05
0.01
ZK3505
199.30
213.50
14.20
45
0.69
0.98
0.08
0.03
0.03
ZK701
47.87
49.15
1.28
49
1.31
6.21
0.44
0.05
0.05
Zone 2
 
54.90
56.40
1.50
4
0.01
0.56
0.01
0.01
 
 
60.50
62.05
1.55
15
0.10
2.20
0.03
0.02
0.01
TC1101
5.50
8.10
2.60
598
10.61
0.75
3.02
0.05
0.15
ZK1102
63.50
65.00
1.50
105
0.30
0.24
0.17
0.01
 
 
89.00
104.00
15.00
276
5.00
6.13
1.19
0.08
0.07
including
91.25
95.00
3.75
602
10.87
10.70
2.63
0.14
0.12
including
99.65
102.60
2.95
438
8.98
10.45
1.53
0.14
0.14
ZK1103
203.60
206.10
2.50
41
0.82
1.49
0.07
0.02
0.01
 
210.90
212.20
1.30
24
0.26
0.44
0.04
0.01
 
ZK1501
93.80
99.40
5.60
406
1.44
0.96
1.02
0.02
 
including
93.80
95.30
1.50
502
0.87
1.16
0.55
0.03
 
including
96.60
98.00
1.40
890
2.94
0.29
2.58
0.04
 
Cutoff of 40 g/t silver or 0.5% of the sum of lead and zinc is used in calculation of intercepts. Interval is reported as core length. True width is not available due to speculative geometry of mineralized zones caused by scarcity of drill data at this early exploration stage. Tin is reported as oxide equivalent.

Drill cores were halved by diamond saw with half core samples being shipped to the laboratory of ALS at Guangzhou for preparation and analysis.  Analysis methods are four-acid digestion with ICP-AES finish (lab code ME-OG62) for silver, lead, zinc, and copper with overlimits going to titrimetric and gravimetric analysis, and sodium peroxide fusion plus ICP-AES finish (lab code ME-ICP881) for tin and antimony.  Standard reference materials, blanks, and duplicate samples were inserted prior to shipment for assaying to monitor the quality assurance and quality control of the assay data.

Alex Zhang, P.Geo., is the Qualified Person on the project as defined under National Instrument 43-101. He has reviewed and approved the technical contents of this news release.

About New Pacific

New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake gold project in Yukon, Canada, and also owns the majority interests of the RZY silver-lead-zinc exploration project in Qinghai Province, China.

For further information, contact:

New Pacific Metals Corp.
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in this press release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital expenditures; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.

Forward-looking statements or information are subject to a variety of know

whitegoldbc2014
18 Nov, 13

New Pacific Announces First Assay Results From The 2013 Diamond Drilling Program At The RZY Silver-Lead-Zinc Exploration Project In Qinghai Province, China

VANCOUVER, BRITISH COLUMBIA – November 18, 2013: New Pacific Metals Corp. (“New Pacific” or the “Company”) is pleased to announce the first tranche of assay results of the 2013 diamond drilling program at the RZY silver-lead-zinc exploration project (the “Project”) in Qinghai province, China.  

Highlights of the most prominent drill results include (note – widths are core length not true widths):

  • 4.40m @ 418 g/t Ag, 8.5% Pb, 5.5% Zn, and 1.25% Sb from 83.3 meters to 87.7 meters, including 1.4m @ 990 g/t Ag, 21.6% Pb, 8.6% Zn, and 3.48% Sb from 86.3 meters to 87.7 meters in hole Zk3504.

The assay results from the first four of 20 holes (see Table 1 below) indicate the mineralization at the Project site is silver-dominated with considerable amounts of lead, zinc, antimony, tin, and copper. Mineralization at the Project is hosted by altered shear structures developed in Permian turbidite sediments and is generally characterized by massive and disseminated sulfides of galena-sphalerite-pyrite in altered sandstone and dacitic dykes.  Hole ZK3503 may have drilled in the footwall of, and parallel to, the mineralized shear structure, hence missing the mineralized zones. The Company’s geological team is finalizing core cutting and sampling for the remaining 16 holes and further assay results will be released once available.

Table 1: Assay results

hole_id
depth_from (m)
depth_to (m)
interval    (m)
Ag_g/t
Pb_%
Zn_%
Sb_%
Sn_%
Cu_%
ZK001
321.50
328.78
7.28
123
1.97
1.11
 
 
  
 
332.00
337.85
5.85
40
0.62
0.76
 
 
  
 
341.00
344.40
3.40
37
0.71
1.16
0.18
0.01
  
 
375.70
377.00
1.30
21
0.47
0.90
 
 
  
ZK002
65.20
72.70
7.50
70
1.00
0.77
0.30
 
  
ZK3503 No Significant Results
ZK3504
12.00
13.50
1.50
75.00
0.09
0.10
 
 
 
 
55.40
56.90
1.50
42
0.35
0.39
0.16
 
 
 
83.30
87.70
4.40
418
8.46
5.47
1.26
0.13
0.12
including
86.30
87.70
1.40
990
21.57
8.63
3.48
0.26
0.22

Cut-off of 40 g/t silver or 0.5% of sum of lead and zinc is used in calculation of intercepts. Interval is reported as core length. True width is not available due to speculative geometry of mineralized zones caused by scarcity of drill data at this early exploration stage.

Drill cores are halved by diamond saw with half core samples being shipped to the preparation lab of SGS at Xi’an for preparation.  Pulp samples were then shipped to SGS laboratory located in Tianjin for assay.  Analysis methods are four-acid digestion plus ICP-AES finish (lab code ICP40Q) for silver, lead, zinc, and copper with overlimits going to ore grade assay by AAS finish, and sodium peroxide fusion plus ICP-AES finish (lab code ICP90A) for tin and antimony.  Standard reference materials, blank, and field duplicate samples were inserted prior to shipment for assaying to monitor the quality assurance and quality control of the assay data.

Alex Zhang, P.Geo., is the Qualified Person on the project as defined under National Instrument 43-101. He has reviewed and approved the technical contents of this news release.

About New Pacific

New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake gold project in Yukon, Canada, and also owns the majority interests of the RZY silver-lead-zinc exploration project in Qinghai Province, China.

For further information, contact:

New Pacific Metals Corp.
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in this press release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital expenditures; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licenses; title to properties; First Nations title claims and rights; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition; operations and political conditions; regulatory environment in Canada and or China; environmental risks; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management.

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year ended June 30, 2013 under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

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