New Pacific Metal (“New Pacific” or the “Company”) (TSXV: “NUAG”) is pleased to announce that it has received necessary permits from the relevant Bolivian government authorities and will immediately commence a 30,000 metres exploration drilling program on its 100% owned Silver Sand Project in the Department of Potosi, Bolivia.
At an elevation of approximately 4,050 metres, the Silver Sand Property, having an area of approximately 3.17 square kilometres, is located in the Potosí Department of Bolivia, approximately twenty five kilometres northeast of the world famous Cerro Rico Silver and Base Metal mineral system.
The Silver Sand property is adjacent to historic and current tin mining activity in the area. Access is relatively easy with a road distance of fifty four kilometres to Potosi, of which twenty seven kilometres are paved.
The Property is one of the earliest silver discoveries in the district, having been made prior to the discovery of Cerro Rico in the mid-1500’s. Small-scale, historic mining is evident from scattered shafts, pits, adits, declines and dumps.