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New Pacific Metals Corp. T.NUAG

Alternate Symbol(s):  NEWP

Metals & Mining Gold Silver
New Pacific Metals Corp. is a Canada-based exploration and development company, which is focused on three precious metal projects in Bolivia. The Company’s project includes Silver Sand Project, Silverstrike Project and Carangas Project. The Company’s flagship Silver Sand Project is located 35 kilometers (km) northeast of the Cerro Rico silver and base metal mineral system near Potosi in southwest Bolivia. The 5.42 square kilometers (km2) property sits in the Eastern Cordillera at an elevation of 4,050 meters above sea level. The Carangas Project is located about 180 km to the west of the city of Oruro, Bolivia. The project is comprised of three Exploration Licenses (Granville I, Granville II and Colapso) for a total area of 40.75 square kilometers and is accessible via the paved Highway 12 and a municipally maintained 30 km gravel road. The Silverstrike Project is located approximately 140 km southwest of La Paz, Bolivia, or about 450 km northwest of its Silver Sand Project.


TSX:NUAG - Post by User

New Pacific Metals Corp.
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Comment by longtoothon Oct 21, 2011 9:42am
242 Views
Post# 19169556

RE: RE: RE: RE: RE: 43-101 and NUX going forward

RE: RE: RE: RE: RE: 43-101 and NUX going forwardif 700k ounces were in a category called Reserve then yes. right now it is in a category call Inferred Resources. That means it has yet to be proven to be there and then economic costs need to be applied to see if it will even pay for the extraction costs.

Resource - Reserve 101.

I am glad i am not running the company either lol. especially from what is being said on the street about lawsuit threats from a drill company. but this is just conjecture on the street, it may only be just that. But the street usually does not make things up 100%. JMHO

but lawsuit or not, that is secondary, what is most important is the establishiment of a Reserve. and yes, if the company does that it can do well. i am only stating right now it is a risk like all other companies that only have Resources and no Reserves.
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