OTC Pink Sheet : NUXFF
TSX-V : NUX 3/10/2010 6:20:41 AM ET
New Pacific Metals Corp. is a Canadian public company listed on the TSX Venture Exchange with a trading symbol, NUX and on the OTC Pink Sheet with a trading symbol, NUXFF. Silvercorp Metals Inc. (TSX: SVM, NYSE: SVM), the largest silver producer in China, is the company's major shareholder with an interest of 23.2%. The company's mandate is to explore and develop gold-polymetallic projects in China, utilizing its operating experience in China. The company is actively drilling and tunneling to define mineable high grade gold reserves at its HNK project located in the Guangdong province.
Guangdong Province Projects
Huaiji Gold Project

The Huaiji Gold Project is composed of two gold-polymetallic exploration permits referred to as "HNK" and "XSK" which have a total area of 160 square kms.

The permit areas are located in Guangdong Province's Huaiji and Guangning counties, about 180 kilometers (km) northwest of Guangzhou, the capital city of Guangdong Province. Guangzhou, one of China's largest cities, is serviced by daily air flights with connections to all major cities in China and many international destinations. Access to the two permits from Guangzhou is via paved highways, then by inter-township paved roads.

Geologically, the permit areas are located in the centre of the Dayao mountain range upwarping, southwest of the Southern-China Craton, where the Southern-China Craton is cut into the mountain ranges and basins by numerous parallel deep northeastern trending structures that extend several hundreds kilometres. The Cambrian and pre-Cambrian metasediments are dominant rock sequences in the mountain ranges, whereas in the basins, Jurrasic and Cretaceous volcanics are the dominant rock units. Gold and silver mineralization in these areas mainly occur in the mountain ranges that are intruded by Mesozoic and even Cenozoic granite plutons and porphyries.

The two permits were applied to cover two extensive gold, silver, and antimony stream sedimentary geochemical anomalies that were revealed by 1 to 200,000 and 1 to 50,000 scales geochemical surveys performed by the Guangdong branch of the Geological Survey of China. The two permits also cover numerous occurrences of gold mineralization and alluvial gold. Gold mineralization is hosted in the carbonaceous strata, carbonate rock, and calcareous-tuff shales of the Cambrian Gaotan Formation, which were intruded by late Mesozoic and Cenozoic granitic plutons and porphyries.
 
Huaiji Project Location Map


Huaiji Gold Project Geology Map


Schematic Genetic Model for Huaiji Project

HNK Permit
  • Numerous old adits
    ·Sampling 189 tunnels over a total length of 5,861 meters


  • 18 Au-bearing veins identified
    ·Length: 100-~1,000m
    ·Width: 0.1-1.5m


  • Drilling

  • ·15,279 meters in 54 drill holes drilled to Nov. 2009
    ·24 holes intersected V9 vein

  • Tunneling

  • ·Tunneled 3,000m on levels PD260, PD220, PD180, and PD140 to Nov. 2009
    ·Plan additional 2,000m of tunneling on V9 and access tunneling to V11, V2(newly discovered vein), and v209 in the West Area

  • Major intersections
    ·ZK0001: 3.1m@13.55g/t Au
    ·ZK0002: 1.23m@10.50g/t Au
    ·ZK0003: 1.94m@46.06g/t Au, 8.13m@55.05g/t Au, including 4.43m@99.91g/t Au

  • Major Tunneling Results
    ·621 grams per tonne (g/t) Au and 181 g/t Ag over 0.5 m at elevation 180 on vein V9
    ·443 grams per tonne (g/t) Au and 146 g/t Ag over 0.5 m at elevation 180 on vein V9
    ·125.83 grams per tonne (g/t) Au over 1.10 m at elevation 260 on vein V9
    ·31.10 (g/t) Au and 29 g/t Ag over 0.60 m at elevation 220 on vein V9
    ·35.23(g/t) Au and 90 g/t Ag over 1.10 m at elevation 220 on vein R1
* Please refer to news release 04/29/2009, news release 02/16/2009, news release 12/08/2008 and news release 04/07/2008 for more information about HNK permit.







HNK Project Drill Hole Location

> Latest Corporate Presentation (Nov. 2009)
HNK Permit Future Exploration Targets

Gold, lead and silver soil anomalies extending outside the area presently being explored as outlined:

 


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