New Pacific announces Silver Sand technical report

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The document was prepared by the consulting firm AMC and it reports measured and indicated resources of 35.39 million tons @ 137 g/t Ag for 155.86 Moz, and inferred resources of 9.84 million tons @ 112 g/t for 35.55 Moz. Mineralization begins close to the surface and is suitable for an open pit project. Approximately 70% of the resources are within 200m of the conceptual pit surface. Preliminary metallurgical work expects a laboratory recovery rate of up to 97% from these oxides and sulfides, and resource estimates do not include the recently discovered Snake area identified last January, where drilling intersected 72.4m @ 279 g/t Ag.

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