New Pacific Metals Corp.
TSX VENTURE : NUX

New Pacific Metals Corp.

September 18, 2007 09:00 ET

New Pacific Metals Corp.: Exploration Progress on the HNK Gold-Polymetallic Exploration Permit in Guangdong Province, China

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2007) - New Pacific Metals Corp. (TSX VENTURE:NUX) is pleased to report progress on the HNK Gold-Polymetallic Exploration permit area of Guangdong Province, China. The HNK permit, located in Guangning County, covers an area of approximately 56.5 square kilometers. There were many artesian mining activities on the properties which were shut down by local authorities ten years ago.

During the last several months, NUX's geologists have mapped and sampled a total of 166 old tunnels with a combined length of about 5,600 meters. Among the 166 old tunnels, samples from 55 tunnels have assayed gold values. In total, 15 gold-bearing veins ranging in lengths from 100 m to about 1,000 m and widths of 0.1 m to 1.5 m have been identified within a northeasterly elongated area of about 5 by 2.5 kilometers. Within the area, an IP geophysical survey has also been completed and six of the IP geophysical anomalies overlap with the known gold-bearing veins.

Veins V9, V18, V107 and V109 are the most important among the 15 veins and are the subject of the first phase drilling program to test their depth extension. A drill program of 3,500 m in ten drill holes has commenced with the first drill hole having been completed. Hole ZK2001 intercepted V9 vein from 177.9 m to 181.9 m (4 m of interval with a true width of 2.82 m) grading 4.32 g/t gold.

The following table lists sample assay results from the tunnels. Significant grade results include:

- 0.3 m grading 9.93 g/t gold for V9 vein from tunnel LD22,

- 0.35 m grading 23 g/t gold and 16 g/t silver for V9 vein from tunnel LD133,

- 0.5 m grading 29.29 g/t gold, 2705 g/t silver, 7.74% lead and 4.41% Zinc for Vein V109 from tunnel LD309,

- 0.7 m grading 9.66 g/t gold, 1055 g/t silver, 5.66% lead and 2.05% Zinc for V109 vein from tunnel LD309



----------------------------------------------------------------------

ASSAY RESULTS FOR SAMPLES FROM TUNNELS

(with gold cut-off grade of 1.0 g/t)

----------------------------------------------------------------------
Sample Assay Result
------------------------------------------------
Vein Sample Length
No. Tunnel No. (m) Au(g/t) Ag(g/t) Pb(%) Zn(%)
----------------------------------------------------------------------
V9 H285-1 0.46 2.07 less than
5.0
--------------------------------------------------------
LD19-1 H281-1 0.70 1.71 5.69
--------------------------------------------------------
H283-1 0.51 2.51 less than
5.0
--------------------------------------------------------
H289 0.77 4.35 less than
5.0
----------------------------------------------------------------
H281 0.30 9.93 less than
5.0
--------------------------------------------------------
H282 0.40 3.02 less than
5.0
--------------------------------------------------------
H286 0.30 1.25 less than
5.0
--------------------------------------------------------
LD22 H279 0.40 1.44 less than
5.0
--------------------------------------------------------
H280 0.90 1.28 less than
5.0
--------------------------------------------------------
H62 0.30 1.36 less than less than less than
5.0 0.01 0.01
--------------------------------------------------------
H63 0.50 3.00 less than
5.0 0.04 0.05
--------------------------------------------------------
H10 0.20 3.04 3.20 0.05 0.01
----------------------------------------------------------------
LD20 H274 0.90 1.21 less than
5.0
--------------------------------------------------------
H09 0.70 1.08 2.00 0.01 0.01
----------------------------------------------------------------
H201 0.30 2.98 less than
5.0
--------------------------------------------------------
LD21 H203 0.70 2.37 less than
5.0
--------------------------------------------------------
H202 1.00 2.08 less than
5.0
----------------------------------------------------------------
LD23 H952 0.40 2.19 less than
5.0
--------------------------------------------------------
H957 1.00 1.40 less than
5.0
----------------------------------------------------------------
LD116 H610 0.43 2.97 less than
5.0
--------------------------------------------------------
H611 0.45 1.04 less than
5.0
----------------------------------------------------------------
LD120 H224 0.35 5.22 17.10
----------------------------------------------------------------
LD132 H1963 1.10 2.19 less than
5.0
----------------------------------------------------------------
LD131 H1976 grab 1.04 5.28
----------------------------------------------------------------
LD133 H296 0.35 7.25 19.00
--------------------------------------------------------
H300 0.30 3.27 9.03
--------------------------------------------------------
H301 0.25 1.09 11.60
--------------------------------------------------------
H306 0.58 1.01 less than
5.0
--------------------------------------------------------
H310 0.60 1.14 less than
5.0
--------------------------------------------------------
H311 0.52 1.02 less than
5.0
--------------------------------------------------------
H312 0.42 2.40 less than
5.0
--------------------------------------------------------
H313 0.35 23.00 16.00
--------------------------------------------------------
H315 0.30 3.82 less than
5.0
--------------------------------------------------------
H316 0.72 1.99 less than
5.0
--------------------------------------------------------
H317 0.50 1.42 less than
5.0
--------------------------------------------------------
H319 0.60 2.73 8.75
--------------------------------------------------------
H320 0.80 3.56 less than
5.0
----------------------------------------------------------------
LD152 H1100 0.40 4.49 less than
5.0
----------------------------------------------------------------
LD164 H630 0.13 2.95 less than
5.0
----------------------------------------------------------------
LD165 H633 0.26 1.58 less than
5.0
----------------------------------------------------------------
LD169 H640 0.10 1.41 less than
5.0
----------------------------------------------------------------
LD170 H645 0.05 2.04 less than
5.0
----------------------------------------------------------------
H861 0.15 1.40 less than
5.0
--------------------------------------------------------
H862 1.00 1.63 less than
5.0
--------------------------------------------------------
H863 1.00 1.41 less than
5.0
--------------------------------------------------------
LD171 H864 0.30 1.37 less than
5.0
--------------------------------------------------------
H865 1.00 1.00 less than
5.0
--------------------------------------------------------
H867 0.30 1.10 less than
5.0
--------------------------------------------------------
H870 0.10 1.02 less than
5.0
----------------------------------------------------------------
LD176 H873 0.20 3.23 less than
5.0
----------------------------------------------------------------
LD177-1 H876 0.10 3.38 less than
5.0
----------------------------------------------------------------
LD176-1 H879 0.10 1.66 less than
5.0
----------------------------------------------------------------
LD178 H885 0.10 5.12 12.40
----------------------------------------------------------------
H888 0.10 47.27 26.90
--------------------------------------------------------
LD182 H475 0.65 8.79 48.20
--------------------------------------------------------
H477 0.30 3.70 less than
5.0
----------------------------------------------------------------
LD184 H890 0.10 1.08 less than
5.0
----------------------------------------------------------------
LD174 H896 0.10 4.31 less than
5.0
----------------------------------------------------------------
LD195 H440 1.00 1.46 less than
5.0
--------------------------------------------------------
H443 grab 12.44
----------------------------------------------------------------
H829 0.60 2.20 less than
5.0
----------------------------------------------------------------
LD163 H620 0.30 6.69 less than
5.0
--------------------------------------------------------
H625 0.30 6.68 less than
5.0
----------------------------------------------------------------------
H705 1.00 1.39 less than
5.0
--------------------------------------------------------
H712 0.70 1.47 11.10
--------------------------------------------------------
LD121 H786 1.00 3.74 5.34
--------------------------------------------------------
H719 0.60 3.58 less than
5.0
--------------------------------------------------------
V108 H725 1.00 1.25 less than
5.0
----------------------------------------------------------------
H732 1.00 1.21 less than
5.0
--------------------------------------------------------
LD123 H751 0.20 1.64 16.20
--------------------------------------------------------
H747 0.80 1.06 less than
5.0
----------------------------------------------------------------
H451 0.25 2.82 5.05
--------------------------------------------------------
H458 0.60 1.05 less than
5.0
----------------------------------------------------------------------
V101 LD40 H16 0.20 7.65 6.61 0.01 0.02
----------------------------------------------------------------
LD42 H19 0.25 2.06 less than
5.0 0.03 0.02
----------------------------------------------------------------
LD44-4 H184 0.10 2.96 less than
5.0
--------------------------------------------------------
H187 0.40 2.46 less than
5.0
--------------------------------------------------------
H193 0.06 1.32 less than
5.0
----------------------------------------------------------------------
V107 LD56 H54 1.00 1.32 less than
5.0 0.02 0.01
----------------------------------------------------------------------
H34 0.10 17.30 98.90 2.59 0.11
--------------------------------------------------------
LD49 H35 0.15 2.93 37.20 1.04 0.10
--------------------------------------------------------
H36 0.10 5.94 87.90 1.61 0.07
--------------------------------------------------------
H153 0.20 2.68 14.60
----------------------------------------------------------------
LD50 H37 0.20 1.18 20.70 0.59 0.07
--------------------------------------------------------
H165 0.40 5.81 5.52
----------------------------------------------------------------
LD54 H42 0.10 1.01 less than less than 0.02
5.0 0.01
--------------------------------------------------------
H45 0.20 1.12 less than less than less than
5.0 0.01 0.01
----------------------------------------------------------------
LD54-2 H252 0.15 7.59 6.63
----------------------------------------------------------------
H806 0.80 1.18 less than
5.0
--------------------------------------------------------
H813 0.15 8.35 5.87
--------------------------------------------------------
LD126 H818 1.00 4.36 less than
5.0
--------------------------------------------------------
H819 0.20 21.20 15.70
--------------------------------------------------------
H820 1.00 1.01 less than
5.0
----------------------------------------------------------------
V18 LD301 H1229 0.50 1.40 less than
5.0
----------------------------------------------------------------
LD303 H1239 1.00 2.27 less than
5.0
--------------------------------------------------------
H1240 0.05 3.76 less than
5.0
----------------------------------------------------------------
H608 0.45 1.70 5.17
--------------------------------------------------------
LD115 H605 0.45 1.04 less than
5.0
--------------------------------------------------------
H606 0.13 29.40 18.30
----------------------------------------------------------------
LD76 H91 0.05 5.81 22.20 0.20 0.03
--------------------------------------------------------
H161 0.10 1.19 7.61
----------------------------------------------------------------
H46 0.20 9.73 29.20 0.35 0.08
--------------------------------------------------------
H47 0.50 8.27 31.90 0.39 0.04
--------------------------------------------------------
LD33 H13 0.25 2.91 52.50 1.03 0.03
--------------------------------------------------------
H117 0.25 3.96 30.40 0.78 0.03
--------------------------------------------------------
H145 0.10 11.30 31.20
--------------------------------------------------------
H148 0.20 8.98 48.80
----------------------------------------------------------------
LD53 H155 0.10 4.49 5.02
--------------------------------------------------------
H42 0.10 1.33 less than less than 0.02
5.0 0.01
----------------------------------------------------------------------
V14 LD9 H55 0.30 3.82 less than 0.02 0.01
5.0
--------------------------------------------------------
H57 0.20 2.51 6.01 0.03 less than
0.01
--------------------------------------------------------
H120 0.10 3.94 7.44
--------------------------------------------------------
H122 1.00 2.43 less than
5.0
--------------------------------------------------------
H126 0.60 2.35 less than
5.0
--------------------------------------------------------
H128 0.50 1.40 less than
5.0
--------------------------------------------------------
H130 0.20 2.37 5.98
--------------------------------------------------------
H132 0.60 1.88 less than
5.0
--------------------------------------------------------
H137 0.10 2.50 less than
5.0
--------------------------------------------------------
H138 0.20 1.21 less than
5.0
--------------------------------------------------------
H139 0.60 2.84 less than
5.0
--------------------------------------------------------
H140 0.15 11.00 9.07
--------------------------------------------------------
H143 0.20 3.03 10.70
----------------------------------------------------------------
D14 H134 0.60 7.39 34.30
----------------------------------------------------------------
H255 0.05 27.40 109.00
--------------------------------------------------------
LD57 H258 1.00 1.68 less than
5.0
--------------------------------------------------------
H59 0.10 1.83 11.00 0.02 less than
0.01
----------------------------------------------------------------
H176 0.40 4.07 11.00
--------------------------------------------------------
H177 0.05 2.48 5.55
--------------------------------------------------------
LD64 H178 0.50 1.10 12.50
--------------------------------------------------------
H179 0.90 1.73 9.81
--------------------------------------------------------
H180 0.15 1.00 5.85
--------------------------------------------------------
H181 0.70 1.10 less than
5.0
----------------------------------------------------------------------
LD44-6 H197 0.40 2.32 less than
5.0
----------------------------------------------------------------
LD45 H23 0.25 4.59 less than 0.08 less than
5.0 0.01
--------------------------------------------------------
H25 0.50 1.81 5.06 0.65 less than
0.01
----------------------------------------------------------------------
H1261 0.14 13.05 1110.00 6.16 6.09
--------------------------------------------------------
H1267 0.70 9.66 1055.50 5.66 2.05
--------------------------------------------------------
H1269 0.50 29.29 2705.00 7.74 4.41
--------------------------------------------------------
H1272 0.80 2.93 142.00 0.11 0.05
--------------------------------------------------------
V109 LD309 H1279 0.10 7.47 62.10 0.05 0.20
--------------------------------------------------------
H1280 1.30 2.35 98.16 0.16 2.64
--------------------------------------------------------
H1282 1.40 8.87 152.57 0.41 1.10
--------------------------------------------------------
H1286 1.30 1.69 66.26 0.53 0.68
--------------------------------------------------------
H1292 0.70 1.70 156.88 0.86 0.65
----------------------------------------------------------------------
H206 0.10 1.66 less than
5.0
--------------------------------------------------------
H207 0.40 1.51 less than
5.0
--------------------------------------------------------
H209 0.40 1.07 less than
5.0
--------------------------------------------------------
V17-1 LD99 H210 1.00 1.39 less than
5.0
--------------------------------------------------------
H212 0.40 4.85 less than
5.0
--------------------------------------------------------
H214 1.50 1.20 less than
5.0
--------------------------------------------------------
H219 1.00 1.85 less than
5.0
----------------------------------------------------------------------
H831 0.20 2.94 less than
5.0
--------------------------------------------------------
V4 LD128 H832 1.00 1.67 less than
5.0
--------------------------------------------------------
H833 1.00 1.15 less than
5.0
----------------------------------------------------------------------
H408 1.00 1.54 less than
5.0
--------------------------------------------------------
LD187 H409 0.65 1.88 less than
5.0
--------------------------------------------------------
V6 H411 1.00 1.02 5.39
--------------------------------------------------------
H412 0.80 2.35 less than
5.0
----------------------------------------------------------------
LD188 H415 0.42 1.70 less than
5.0
--------------------------------------------------------
H416 0.90 1.30 less than
5.0
----------------------------------------------------------------------
V5 LD190L H420 0.12 1.49 less than
5.0
----------------------------------------------------------------
LD190 H423 0.50 1.25 less than
5.0
--------------------------------------------------------
H424 0.50 2.15 6.19
--------------------------------------------------------
H426 0.50 1.51 less than
5.0
----------------------------------------------------------------------
V12 QD630 0.60 3.58
----------------------------------------------------------------------
V7 QD238 0.60 1.35
----------------------------------------------------------------------
QD48 0.40 5.25
----------------------------------------------------------------
V11 QD446 0.30 5.19
----------------------------------------------------------------
QD245 1.00 5.49
----------------------------------------------------------------------


Quality Control

The Company has implemented a quality control program to ensure best practice in sampling and analysis of the tunnel and drill hole samples. All samples are shipped directly in security sealed bags to the two certified Laboratories, the Laboratory of Sichuan Bureau of Geology and Mineral Resources in Chengdu and the Testing Centre of Yunnan Province Bureau of Non-ferrous Metals Geology for cross checking. Both laboratories are certified by China Bureau of Quality Control and Quality Assurance. In the laboratories, samples are dried, crushed, split, pulverized to 200 mesh, and then assayed according to the standardized ICP/AA program. The Exploration work is carried out by Yunnan Jin Chang Jiang Mining Co. Ltd., a 100% subsidiary company of Silvercorp and is directly supervised by Mr. Jigui Sun (BA & M.S., Geology), the General Manager of Jin Chang Jiang and by Dr. Rui Feng (Ph.D., Geology), President of New Pacific.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

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