The Gold Report - Mon, Sep 23, 2019

Maiden Resource Estimate Raised as Drill Results 'Continue to Impress'

Assays and resource forecasts pertaining to this silver project in Bolivia are discussed in a ROTH Capital Partners report.

Drilling at Silver Sand

In an Aug. 29 research note, Joe Reagor reported that ROTH Capital Partners increased its estimate of New Pacific Metals Corp.'s (NUAG:TSX.V; NUPMF:OTCQX) initial Silver Sand project resource in Bolivia and, consequently, raised its target price on the explorer to CA$4.25 per share from CA$3.50. New Pacific's current share price is around CA$3.12.

Reagor highlighted that based on the data available thus far, ROTH estimated the entire mineralized envelope at Silver Sand to be about 478,900,000 ounces of silver (478.9 Moz) and the initial resource estimate to be roughly 250 Moz of silver, up from its previous forecast of 200 Moz.

New Pacific is expected to release its maiden resource estimate on the project by year-end. "For each 25 million ounces of additional silver resources the company delineates, our valuation would improve by approximately $0.40 per share," commented Reagor. He added that it is highly probable the resource could be expanded beyond the scope of the initial drilling.

Reagor explained that ROTH increased its estimate of the Silver Sand resource based on the drill results from an additional 20 holes, which "continue to impress." They showed a greater thickness and a higher grade on average than results from 2018.

Specifically, all 20 holes had an average total intercept length of 87.4 meters (87.4m) at an average grade of 94.3 grams per ton (94.3 g/t) silver. One specific assay was 336 g/t silver over 93.5m, "which demonstrates there are higher grades throughout the deposit," wrote Reagor.

ROTH has a Buy rating on New Pacific Metals.

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click below for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of New Pacific Metals, a company mentioned in this article. publishes interesting contributor articles in addition to its own content. We have not verified any of the above details.

Sign-up at (or for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or to post at our Bulletin Boards. Free!

Please note that nothing in this report should be taken as a recommendation in any way, and that everything from is subject to the terms of our Privacy Policy and Disclaimer.

comments powered by Disqus

Detailed Quote Portal

symbol lookup | (TSX add :ca)

Membership Privileges

  • Investors Guru Small Cap Stock Observer - newsletter emailed monthly!
  • Featured Stock Profiles - emailed on occasion!
  • News by Email - as it's released, according to your My Preferences!
  • My Portfolio - login to view or update your holdings, or have it emailed daily!
  • My Watchlist & Alerts - login to view or update your stock radar list, and set price triggers for email alerts!
  • Bulletin Boards - no need to request boards, just Quote it! Social Sign-on & Share your ideas, observations & trends!
  • Find it all! Find it Fast! Comprehensive stock research webpages. No more endless clicking!

Email: (see Privacy Policy)
Password: (4-15 characters)
Username: (4-15, BB posts etc)

unsubscribe anytime

Bookmark and Share

 Subscribe in a reader

Our Mobile Site