The success of the drill programme so far meant New Pacific will begin a resource definition drilling at the Carangas project this year, starting with an initial 30,000m. 

Highlights from the assay results showed that one of the drill holes intersected a 148.48m interval grading 78 grams per tonne of gold and 2.07% lead and zinc, overlying a 453m interval grading 0.49g/t gold, which included 95m of 1.14g/t gold and 31g/t silver, within which a 10.3m interval also assayed 5.66g/t gold and 152g/t silver.

All six holes were drilled in the Central Valley in the middle of the project along a near north-south cross section. Four deeper drill holes also intercepted a broad zone of gold mineralisation below the silver horizon.

The company has already received the assay results of 17 drill holes from the Discovery drilling programme, which was completed in 2021. All 17 holes intercepted near-surface, silver-rich polymetallic mineralisation. The company was still waiting for additional analysis to be completed on the remaining 18 drill holes.

New pacific is a Canada-based exploration and development company that has three projects in Bolivia. The company was focused on further developing its flagship Silver Sand project near Potosi, while its Silverstrike project is located southwest of the capital city of La Paz.

On February 10, New Pacific traded on the Toronto Stock Exchange at C$3.58/share, down 2.1% on the day. Its shares were trading within the $3-$4 range during the past two months.