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New Pacific Metals Corp. New Pacific Metals is a Canadian-based advanced junior gold exploration company engaged in the exploration and development of gold-polymetallic projects in China. Silvercorp Metals Inc. (TSX: SVM), the primary silver producer in China, is the major shareholder with an interest of 23%. The company's flagship property, the Huaiji Gold Project, located in southern China, has an inferred resource of 162,396 oz gold. The company has staked the Eva Lake Property of 260 km2 in BC, Canada, in June, 2010.With $10 million in working capital, no debt and experienced management, the company is well positioned to build shareholder value through discovery and resource development. |
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