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New Pacific Metals Corp.

Publié le 11 juin 2010

Stakes Eva Lake Property in British Columbia

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New Pacific Metals Corp. Update - Jun 10, 2010 

New Pacific Metals Corp. Stakes Eva Lake Property in British Columbia


VANCOUVER, BRITISH COLUMBIA - (June 10, 2010) - New Pacific Metals Corp. (TSX-V: NUX) is pleased to announce that the Company has staked Eva Lake Property consisting of 65 contiguous claims of 260 km2 west of Gladys Lake, approximately 35 km northeast of Atlin, British Columbia, Canada.

Geology of the Eva Lake Property consists of Carboniferous and Permian Cache Creek group sedimentary rocks intruded by Cretaceous Surprise Lake batholith. This highly perspective area of the project was first recognized by stream/lake samplings conducted by the Geological Survey of Canada in 1977 (GSC Open File 517). After the data was made public, Noranda Mines Ltd, through its subsidiary Mattagami Lake Mines Ltd, staked part of the Surprise Lake batholith and conducted an airborne EM/magnetic survey and some surface drilling in 1980 (Assessment Report 8638).

In the airborne EM/magnetic survey, 51 EM anomalies, many of them overlapping with magnetic anomalies, were identified. The most prominent EM/magnetic anomaly zone of over 7 km long occurs at the south contact between the batholith and sedimentary rocks. No follow up work has been conducted on these significant anomalies over the contact zone. Within the batholith, at least two northeast trending zones of EM anomalies were identified, one of them is over 6 km long, also overlapping with magnetic anomalies. Subsequent surface exploration work, including soil geochemical survey and diamond drilling, was focused on the batholith. The soil geochemical surveys identified several lead-zinc anomalies overlapping with EM/magnetic anomalies. Concurrently, 16 diamond drill holes were drilled to test the anomalies. According to the drill log (Assessment Report 8638), the most significant drill intersects were an 8.69 m mineralization interval estimated at 5-35% sphalerite, 5-20% magnetite and a 6.10 m mineralization interval estimated at 5-40% sphalerite, 1-25% magnetite. The cores were not assayed.

Union Oil Company of Canada and several other companies also actively explored in the area (Assessment Report 6362, 6468, 6509, 6905, 7556). Pursuant to Assessment Report 7556, quartz-rich hydrothermal veins developed in the intrusion define linear mineralization zones. One such zone consists of two parallel veins measured in excess of 180 m long, 4 m wide, and 10 m in vertical height with chip samples yielding up to 9.25% zinc. In addition, several other mineral showings are also located on the property with significant lead, zinc, silver, uranium, molybdenum, tungsten, and copper mineralization. Since then (early 1980s), no further work has been carried out.

New Pacific Metals Corp. plans to conduct a high resolution airborne geophysical survey covering the area in the 2010 field season. Follow-up program will include geological mapping, soil and rock sampling to generate suitable drilling target.

Randy Cullen, P.Geo, consultant to New Pacific Metals Corp., is the Qualified Person on the project.

About New Pacific Metals Corp.

New Pacific Metals Corp. is an exploration stage company engaged in the acquisition and exploration of mineral properties. The Company is actively seeking out acquisition projects in China and other jurisdictions, while exploring for gold-poly-metallic projects in China.


For Further Information:
Ivy Li, Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
Email: info@newpacificmetals.com
Website: www.newpacificmetals.com


CAUTIONARY DISCLAIMER -- FORWARD LOOKING STATEMENTS

Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in mineral exploration, development, and mining. Production and revenue projections are based not on mineral reserves but on mineral resources which do not have demonstrated economic viability. As a result, actual results may vary materially from those described in the forward-looking statements. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. The Company does not undertake any obligation to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. The Company expressly disclaims any obligation to update any forward-looking statements. We seek safe harbour.

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

 

 

New Pacific Metals Corp.

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CODE : NUX.V
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New Pacific Metals est une société d’exploration minière d'or et de cuivre basée au Canada.

New Pacific Metals détient divers projets d'exploration en Chine.

Ses principaux projets en exploration sont KANG DIAN PROJECTS, HUAIJI XSK et HUAJI HNK en Chine.

New Pacific Metals est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 70,3 millions CA$ (52,6 millions US$, 48,6 millions €).

La valeur de son action a atteint son plus bas niveau récent le 29 décembre 2005 à 0,24 CA$, et son plus haut niveau récent le 31 décembre 2007 à 3,49 CA$.

New Pacific Metals possède 66 940 004 actions en circulation.

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2008 Annual Report
Attributions d'options de New Pacific Metals Corp.
01/12/2010Announces Appointment of Directors and Officers and Grants S...
20/01/2009Incentive Stock Options Granted
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15/05/2008Announces the Appointment of New Chairman - The Honourable J...
Rapports Financiers de New Pacific Metals Corp.
13/05/2016Reports Financial Results For The Three And Nine Months Ende...
16/11/2015Reports Financial Results For The Three Months Ended Septemb...
17/09/2015Reports Financial Results For The Year Ended June 30, 2015
24/09/2012Announces Financial Results For The Year Ended June 30, 2012
16/05/2012Announces Results For The Third Quarter Ended March 31, 2012
14/02/2012Announces Results For The Second Quarter Ended December 31, ...
22/09/2011Announces Results For The Fourth Quarter And Year Ended June...
25/05/2011Announces Results for the Third Quarter Ended March 31, 2011...
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05/10/2011Announces Filing Of New NI 43-101 Report
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Communiqués de Presse de New Pacific Metals Corp.
25/06/2012Announces Share Repurchase Program
29/02/2012Correction to Memorandum of Understanding News Release
16/02/2012Graduates To TSX
27/01/2012Receives Conditional Approval for Graduation to the TSX
20/01/2012Announces Additional Assay Results from 2011 Drilling at Sku...
19/01/2012Reports Additional Drill Results at Past Producing Mt. Skuku...
24/11/2011Exhibiting at the San Francisco Hard Asset Conference, Novem...
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29/06/2011Hires Investor Relations Firm and Grants Options
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28/02/2011Announces Results for the Second Quarter Ended December 31, ...
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30/11/2010Announces Results for the First Quarter Ended Septermber 30,...
11/06/2010Stakes Eva Lake Property in British Columbia
27/05/2010to Exhibit at the World Resource Investment Conference on Ju...
14/04/2010Announces Management Changes
29/05/2009Announces Results for the 3rd Quarter Ended March 31, 2009
26/02/2009Announces Results for the 2nd Quarter Ended December 31, 200...
08/12/2008Gold Mineralization Intersected by Drilling and Underground ...
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27/03/2008Shating Shen Joins NUX as New Director
21/02/2008Has Received Approval From the TSX Venture Exchange for an O...
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