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Explosive drill results from massive new silver discovery...

By Goldnewsletter.com received 1 month ago

Categories: Financially
Age: 14 until 18 year 19 until 30 year 31 until 64 years 65 and older
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Please find below a special message from our advertising sponsor, New Pacific Metals Corp. Golden Opportunities is a free service that gives you valuable investment intelligence all year long at no charge, and advertisements allow us to continue sending these reports.


Potentially Explosive Drill Results On The Way

You learned about New Pacific Metals (NUAG.V; NUPMF.OTCQX) and its massive Silver Sand discovery a few months ago.
Now we’re poised to get drill results that could prove this project is far larger than anyone in the market yet imagines.
By Brien Lundin

Dear John,

A few months ago I told you about an amazing opportunity.

It was the news of a remarkable new silver discovery...and it looked to be absolutely enormous.
That was interesting enough, but it was also the second big silver find of an old friend of mine.

And his last big discovery had multiplied investor’s money more than 20 times over.

The good news that I told you awhile back is that this new silver discovery of his looked to be much bigger than the one that had created those fortunes years ago.
And now I’m writing to tell you that — within days — we could get drill results showing the new discovery is even larger than anyone in the market now expects.
Allow me to explain....

A Fortune In One Big Hit

About 15 years ago, I happened upon one of the greatest investment wins of my long career. I was walking down the rows of booths at an investment conference when someone called my name.
It was my friend Rui Feng, a PhD geologist who had locked up an exceptional silver project in China. It was a fantastic deposit, but no one was paying it any attention.
I had tremendous respect for Rui’s talents, however, so I stopped and let him show me the whole story from top to bottom. I couldn’t believe how much high-grade silver was being indicated at his Ying silver project in China.
I recommended the stock to my Gold Newsletter readers. I began buying it myself.

That company was Silvercorp Metals...and it multiplied more than 20 times over from our entry level.

We made absolute fortunes on that one.

It’s Happening Again...

With a result like that, you know that I was eager to invest in Rui’s next venture, New Pacific Metals, in 2004.
Rui proved to me he has an eye for exceptional value, so I was anxious to see what he was going to find next. And I was willing to be patient...because I knew he wouldn’t pull the trigger unless he had a world-class target in his sights.
But I had no idea I’d have to wait over 14 years!
Still, I held every share of New Pacific I owned over all that time...and was absolutely amazed last year when Rui called to tell me he’d found yet another world-class silver project.

It was a huge — and I mean absolutely enormous — silver discovery in Bolivia.
The “Silver Sand” project had been outlined by a local company to be about 1,500 meters long and around 125 meters wide. (So nearly a full mile long!)

Better yet, the grades were fantastic. The local company had drilled three holes, with each cutting well over 150 meters of silver grading over 150 grams/tonne. Even better, the mineralization was near the surface.


The Silver Sand Project: As large as it appeared at first viewing, New Pacific’s exploration is showing it to be much more extensive than anyone had believed.

After drilling their own holes to confirm those results, New Pacific quickly locked up the project...raised US$40 million to acquire it...and got ready to begin their own drilling.
But first, Pan American Silver Corp., one of the world’s largest primary silver miners, flew down at Rui’s invitation to look at the Silver Sand project.
Pan American handed New Pacific C$22.7 million to get a stake in the deal.
Then, everyone waited for the drill results.
And waited. And waited.

Finally...The News We Were Waiting For

Incredibly, we waited for 15 months to get the first drill results! Normally, you’d expect them within just a month or two.
Why the long wait? New Pacific liked what they were seeing so much that they began looking to get even more land in the area before the news got out.
They were successful and, on January 11, New Pacific announced the acquisition of rights to another 56.9 square kilometers of land surrounding the Silver Sand project. With that massive land position secured, we anticipated drill results at any moment.

And then the results came in...and exceeded even my expectations.

Early this year, New Pacific announced that they’d drilled 55,000 meters on Silver Sand in 2018 — far more than the 30,000 meters most had expected — in 195 holes.
Fully 190 of those holes hit silver...and the results were amazing.
Highlights included 135 meters of 240 grams/tonne silver...273 meters of 84 g/t silver...99.91 meters of 244 g/t silver...192.93 meters of 123 g/t silver...95.2 meters of 162 g/t silver...48.5 meters of 211 g/t silver...22.73 meters of 330 g/t silver...35.86 meters of 277 g/t silver...2.0 meters of 2,099 g/t silver.
And on and on and on....
The scope of the project grew significantly not only with grades like these, but also with the area drilled. The company announced that the drilling covered an area about 1,600 meters long north-south and up to 800 meters wide east-west.
That’s about a mile long by about a half-mile wide. Again, just enormous.


New Pacific has been aggressively drilling the Silver Sand Project...and as they do the scope of the silver mineralization continues to grow.

So how much silver is there? There’s no telling at this still-early stage. I have seen a report from one analyst, however, who predicted more than 200 million ounces had been outlined from just the first release of drill holes!

More To Come —
Perhaps Much More

Remember, the company reported that these drill holes, all 195 of them, came in an area extending about 1,600 meters long by 800 meters wide. That’s roughly a mile long by a half-mile wide.
Now, the silver-mineralized zones within this area pinch and swell, and dip deeper. Still, there’s no mistaking that this project is truly tremendous in size.
But it could get much, much larger.


Well outside of their original property boundary, New Pacific has gained control of a much larger area (outlined here in pink) of high-grade silver potential.

You see, well outside of the area they drilled — the land New Pacific originally gained control of — there were signs that the silver mineralization extended much further.

This was why the company had been quietly working to expand their land position for over a year before reporting the drill results.

A hint at just how much larger Silver Sand could be is found in this section, buried within New Pacific’s second drill-result news release:

“Assay results of surface sampling of hundreds of artisanal mining dumps and continuous chip-sampling from artisanal underground mining tunnels reveal the silver mineralized fracture zones could extend at least by 3,000 m to the north and 500 m to the west and the east, as well as extending up to 1,000 m to the south of the areas drilled in 2018.
“These newly identified extensions of the mineralized fracture zones will be the targets of the continuing drilling program in 2019 once the rainy season ends by the end of March.”

So another 4,000 meters in length and another 500 meters in width.
Add it all up, and that 1,600 meter-by-800 meter target area could grow to 5,600 meters long by 1,300 meters wide. That’s about 3.5 miles long by three-quarters of a mile wide.

I can’t remember ever seeing a mineralized target this large over the more than three decades I’ve been in this business.

And as they point out in that excerpt above, the company renewed their drilling, with yet another big, 55,000-meter program.

The Latest News Holds The Key

In two announcements in recent days, New Pacific made important news:
First, it reported that its two major investors — Silvercorp and Pan American Silver — both exercised the options they had to purchase more stock.
This means they wrote checks for another C$19.95 million to New Pacific. That’s a tremendous endorsement of the project.
But then came this news: The company reported results for the first eight holes in this year’s drill program. They weren’t market-moving, because they were “in-fill” holes drilled between last year’s holes and they essentially confirmed the previous results.
They were important in that this in-fill drilling will allow the company to come up with its first resource estimate by the end of the year.
But here’s what you need to pay attention to: The company announced that this drill program will also start testing the “prospects surrounding Silver Sand showing similar silver mineralization as revealed by historical artisanal mining.”
In short, they’re going to drill targets that could quickly show the silver mineralization is many times larger than the market now believes.

Here’s The Opportunity

After a slow start, the news is starting to flow in fast and furious fashion from what appears to be a globally important new silver discovery.
This has a few compelling implications for us as investors:

1) From out of nowhere, a new world-class silver project has suddenly emerged.
2) By the end of the year, New Pacific will release the first resource estimate for Silver Sand — and it could stun the market with potentially hundreds of millions of ounces of silver.
3)
In the days ahead, the company will release drill results from far outside the boundaries of the project as currently understood. This could make it obvious that the project is many times larger.

Remember: No one realized how big Silvercorp was going to be back in 2003. But those who recognized the potential and got in early had the chance to reap a 20-for-1 payday.
I think that record will be hard to beat, even for New Pacific’s remarkable Silver Sand project.

But as a shareholder myself, I’m truly excited by the potential New Pacific has to potentially multiply in value for not only myself but my Gold Newsletter readers.

I urge you to take a hard look at New Pacific Metals now, before more news comes out, and as silver prices are gaining ground once again.

All the best,


Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference

CLICK HERE
To Learn More About New Pacific Metals
And Its Silver Sand Project



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