Nova Pacific Metals Announces Engagement of Mineit and Sacré-Davey for Lara Property
Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) has engaged Mineit Consulting Inc. and Sacré-Davey Engineering Inc. to conduct a comprehensive analysis of its Lara polymetallic volcanogenic massive sulfide (VMS) property. The project aims to analyze data from 323 drill holes, create a geological model, and design an exploration program to increase tonnage and grade of the Lara Project resource.
The project will be carried out in two phases, with the first phase including a review of existing data, recommendations for improving the mineral resource estimate, and identification of areas for additional exploration drilling. Up to 40 new drill hole locations will be recommended to further identify the deposit's potential.
Nova Pacific has also announced that it will not renew the claims for its Deer Musk West lithium project in Nevada, making the Lara Project its sole property. The company intends to focus all its efforts and resources on advancing the Lara Project.
Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) ha affidato a Mineit Consulting Inc. e Sacré-Davey Engineering Inc. l'incarico di condurre un'analisi completa della sua proprietà vulcanogena massiva di solfuri polimetallici Lara (VMS). Il progetto ha l'obiettivo di analizzare i dati provenienti da 323 fori di perforazione, creare un modello geologico e progettare un programma di esplorazione per aumentare il tonnellaggio e il grado della risorsa del progetto Lara.
Il progetto sarà realizzato in due fasi, con la prima fase che comprende una revisione dei dati esistenti, raccomandazioni per migliorare la stima delle risorse minerarie e identificazione di aree per ulteriori perforazioni esplorative. Verranno raccomandati fino a 40 nuovi luoghi di perforazione per individuare ulteriormente il potenziale del deposito.
Nova Pacific ha anche annunciato che non rinnoverà i diritti per il suo progetto di litio Deer Musk West in Nevada, rendendo il progetto Lara la sua unica proprietà. L'azienda intende concentrare tutti i suoi sforzi e risorse nel far avanzare il progetto Lara.
Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) ha contratado a Mineit Consulting Inc. y Sacré-Davey Engineering Inc. para realizar un análisis completo de su propiedad de sulfuros masivos polimetálicos vulcanogénicos Lara (VMS). El proyecto tiene como objetivo analizar datos de 323 agujeros de perforación, crear un modelo geológico y diseñar un programa de exploración para aumentar la tonelada y la ley de los recursos del Proyecto Lara.
El proyecto se llevará a cabo en dos fases, con la primera fase que incluye una revisión de los datos existentes, recomendaciones para mejorar la estimación de recursos minerales e identificación de áreas para perforación adicional de exploración. Se recomendarán hasta 40 nuevas ubicaciones de perforación para identificar aún más el potencial del depósito.
Nova Pacific también ha anunciado que no renovará los derechos para su proyecto de litio Deer Musk West en Nevada, convirtiendo al Proyecto Lara en su única propiedad. La empresa tiene la intención de enfocar todos sus esfuerzos y recursos en avanzar en el Proyecto Lara.
노바 태평양 금속 주식회사 (CSE: NVPC) (OTCQB: NVPCF)는 마이닛 컨설팅과 사크레-다비 엔지니어링을 계약하여 라라 다중 금속 화산유래 대규모 황화물(VMS) 자산에 대한 포괄적인 분석을 수행하게 했습니다. 이 프로젝트의 목적은 323개의 시추 구멍에서 데이터를 분석하고, 지질 모델을 생성하며 탐사 프로그램을 설계하여 라라 프로젝트 자원의 톤수와 등급을 증가시키는 것입니다.
이 프로젝트는 두 단계로 진행될 예정이며, 첫 번째 단계에는 기존 데이터 검토, 광물 자원 추정 개선에 대한 권고사항, 추가 탐사를 위한 시추 구역 식별이 포함됩니다. 40개의 새로운 시추 구멍 위치가 추천되어, 매장량의 잠재력을 더욱 식별할 예정입니다.
노바 태평양은 또한 네바다의 디어 머스크 웨스트 리튬 프로젝트의 권리를 갱신하지 않겠다고 발표했으며, 라라 프로젝트가 그들의 유일한 자산이 되었습니다. 회사는 라라 프로젝트의 진전을 위해 모든 노력을 집중할 계획입니다.
Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) a engagé Mineit Consulting Inc. et Sacré-Davey Engineering Inc. pour réaliser une analyse complète de sa propriété polymétallique volcanogène massive de sulfures Lara (VMS). Le projet vise à analyser les données de 323 forages, créer un modèle géologique et concevoir un programme d'exploration pour augmenter le tonnage et la qualité des ressources du projet Lara.
Le projet sera réalisé en deux phases, la première phase comprenant un examen des données existantes, des recommandations pour améliorer l'estimation des ressources minérales et l'identification des zones à forer davantage. Jusqu'à 40 nouveaux emplacements de forage seront recommandés pour mieux identifier le potentiel du dépôt.
Nova Pacific a également annoncé qu'elle ne renouvellera pas les droits pour son projet de lithium Deer Musk West au Nevada, faisant du projet Lara sa seule propriété. L'entreprise prévoit de concentrer tous ses efforts et ses ressources sur l'avancement du projet Lara.
Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) hat Mineit Consulting Inc. und Sacré-Davey Engineering Inc. beauftragt, eine umfassende Analyse seiner vulkanogenen massiven polymetallischen Sulfidressource Lara (VMS) durchzuführen. Das Projekt zielt darauf ab, Daten von 323 Bohrlöchern zu analysieren, ein geologisches Modell zu erstellen und ein Explorationsprogramm zu entwerfen, um die Tonnage und die Gehaltsqualitäten der Lara-Projektressource zu erhöhen.
Das Projekt wird in zwei Phasen durchgeführt, wobei die erste Phase eine Überprüfung der vorhandenen Daten, Empfehlungen zur Verbesserung der Schätzung der Mineralressourcen und die Identifizierung von Gebieten für zusätzliche Explorationsbohrungen umfasst. Es werden bis zu 40 neue Bohrlochstandorte empfohlen, um das Potenzial des Vorkommens weiter zu identifizieren.
Nova Pacific hat außerdem angekündigt, dass es die Ansprüche für sein Lithiumprojekt Deer Musk West in Nevada nicht erneuern wird, wodurch das Lara-Projekt zu seiner einzigen Liegenschaft wird. Das Unternehmen beabsichtigt, alle Anstrengungen und Ressourcen auf die Weiterentwicklung des Lara-Projekts zu konzentrieren.
- Engagement of expert consultants Mineit and Sacré-Davey for comprehensive analysis of Lara Project
- Planned creation of geological model and exploration program to increase resource tonnage and grade
- Recommendations for up to 40 new drill hole locations to further identify deposit potential
- Focus of all company efforts and resources on advancing the Lara Project
- Non-renewal of claims for Deer Musk West lithium project, reducing property portfolio
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2024) - Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) (FSE: YQ10) (WKN: A40GFH) (the "Company", or "Nova Pacific") is pleased to announce the engagement of Mineit Consulting Inc. ("Mineit") in collaboration with Sacré-Davey Engineering Inc. ("Sacré-Davey"), to conduct a comprehensive analysis of the Company's Lara polymetallic volcanogenic massive sulfide ("VMS") property (the "Lara Project").
Key Highlights:
- Mineit and Sacré-Davey will perform a mineral resource gap analysis and provide exploration program recommendations.
- The project aims to analyze data from years of exploration at the Lara Project including the data generated from 323 drill holes.
- The goal is to create a geological model and design an exploration program to increase tonnage and grade of the Lara Project resource.
- The project will be carried out in two phases to systematically identify the Lara Project's mineral resource potentials and economics.
The first phase of the project will include:
- A thorough review of existing data to assess the existing historical mineral resource estimate.
- Recommendations for improving the mineral resource estimate and accounting.
- Identification of areas where additional exploration drilling can better define the Lara Project deposit.
- Recommendations for up to 40 new drill hole locations to further identify the potential of the deposit.
Nova Pacific's CEO, J. Malcolm Bell, commented, "We are excited to work with Mineit and Sacré-Davey on this crucial project. Their expertise will be invaluable in helping us unlock the full potential of our Lara property. This engagement represents a significant step forward in our mission to increase the value of our resources and advance the Lara Project."
In addition, Nova Pacific announces that, in order to reduce the size of the Company's property portfolio and the associated maintenance costs, the claims comprising the Company's Deer Musk West lithium project located in Clayton Valley, Nevada, have not been renewed for the coming year. As a result, the Lara Project is now the sole property in which Nova Pacific holds an interest, and the Company intends to focus all its efforts and resources on advancing the Lara Project.
About Nova Pacific Metals Corp.
Nova Pacific is a Canadian exploration and development company focused on pursuing projects with a significant mineral discovery thus providing a viable pathway to potential development. The key project being developed by the Company is its recently acquired Lara VMS Project located on southern Vancouver Island, British Columbia. The Lara Project is principally a brownfields development asset with excellent potential for expansion and near-term production.
For additional information please visit: www.novapacificmetals.com
Rights of Indigenous Communities Statement
Nova Pacific recognizes the Rights of all Indigenous Peoples of Canada. The Company is committed to consultation and accommodation with the Hul'qumi'num Treaty Group communities on whose Traditional, Ancestral and Unceded Territory the Lara Property is located. The Hul'qumi'num Treaty Group is a politically unified group that represents six Hul'qumi'num-speaking First Nations: Cowichan, Stz'uminus, Penelakut, Lyackson, Halalt, and Lake Cowichan.
On behalf of the Board of Directors
J. Malcolm Bell
Chief Executive Officer, Director
For Further Information, please contact:
Nova Pacific Metals Corp.
Investor Inquiries
info@novapacificmetals.com
+1-416-918-6785
The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.
Forward-Looking Information
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225759
FAQ
What firms has Nova Pacific Metals (NVPCF) engaged for its Lara Project analysis?
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