New Pacific Metals Corp has received encouraging assays from the first holes of its 2013 diamond drilling program at the RZY silver, lead and zinc exploration project in Qinghai province. Results from the first four of 20 holes indicate the mineralization is silver-dominated with considerable amounts of lead, zinc, antimony, tin, and copper.
Highlights of the most prominent drill results include 4.40 metres from 83.3 metres @ 418 grams/tonne silver, 8.5% lead, 5.5% zinc and 1.25% antimony, including 1.4 metres from 86.3 metres @ 990 grams/tonne silver, 21.6% lead, 8.6% zinc, and 3.48% antimony.
Other results include 7.28 metres from 321.5 metres @ 123 grams/tonne silver, 1.97% lead and 1.11% zinc; 3.40 metres from 341 metres @ 37 grams/tonne silver, 0.71% lead, 1.16% zinc, 0.18% antimony and 0.01% copper; and 7.50 metres from 65.2 metres @ 70 grams/tonne silver, 1.0% lead, 0.77% zinc and 0.30% antimony.
Mineralization is hosted by altered shear structures developed in Permian turbidite sediments and is generally characterized by massive and disseminated sulphides of galena-sphalerite-pyrite in altered sandstone and dacitic dykes.
Three of the four holes intersected mineralization while the other hole may have drilled in the footwall of, and parallel to, the mineralized shear structure, hence missing the mineralized zones. The company’s geological team is finalizing core cutting and sampling for the remaining 16 holes.
New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake Gold Project in Yukon, Canada, and also owns the majority interests of the RZY project in China.