STOCK TITAN

Nova Pacific Metals Samples 3.28 g/t Au, 418 g/t Ag, and 4.77% Cu at Lara Property Extension

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Nova Pacific Metals (NVPCF) has announced promising confirmation sampling results from the Anita zone, an extension of its flagship Lara Project on Vancouver Island, British Columbia. Surface grab samples revealed significant mineralization with values of 3.28 g/t Au, 418 g/t Ag, and 4.77% Cu.

The company reports higher copper grades at Anita compared to the Lara deposit, with similar gold and silver values to the Coronation Zone. These results confirm historical findings from Falconbridge in the 1980s.

Future exploration plans include a 10,000m targeted drilling program, geophysical and geochemical surveys, and initial metallurgical studies. The company aims to delineate mineralization extent and identify new areas of interest at the Lara Project.

Nova Pacific Metals (NVPCF) ha annunciato risultati promettenti di campionamento di conferma dalla zona Anita, un'estensione del suo progetto di punta Lara sull'isola di Vancouver, British Columbia. I campioni superficiali hanno rivelato una significativa mineralizzazione con valori di 3,28 g/t Au, 418 g/t Ag e 4,77% Cu.

L'azienda riporta gradi di rame più elevati ad Anita rispetto al deposito di Lara, con valori di oro e argento simili a quelli della zona Coronation. Questi risultati confermano le scoperte storiche di Falconbridge negli anni '80.

I piani di esplorazione futuri includono un programma di perforazione mirato di 10.000 m, sondaggi geofisici e geochimici, e studi metallurgici iniziali. L'azienda mira a delinerare l'estensione della mineralizzazione e identificare nuove aree di interesse nel progetto Lara.

Nova Pacific Metals (NVPCF) ha anunciado resultados prometedores de muestreo de confirmación de la zona Anita, una extensión de su proyecto insignia Lara en la isla de Vancouver, Columbia Británica. Las muestras de superficie revelaron una mineralización significativa con valores de 3.28 g/t Au, 418 g/t Ag y 4.77% Cu.

La empresa informa de grados de cobre más altos en Anita en comparación con el depósito de Lara, con valores similares de oro y plata a los de la zona Coronation. Estos resultados confirman hallazgos históricos de Falconbridge en la década de 1980.

Los planes de exploración futuros incluyen un programa de perforación dirigido de 10,000 m, encuestas geofísicas y geoquímicas, y estudios metalúrgicos iniciales. La empresa tiene como objetivo delinear la extensión de la mineralización e identificar nuevas áreas de interés en el proyecto Lara.

노바 퍼시픽 메탈스 (NVPCF)는 브리티시컬럼비아주 밴쿠버 섬에 위치한 주요 프로젝트인 라라 프로젝트의 연장선인 아니타 존에서 유망한 확인 샘플링 결과를 발표했습니다. 표면 채취 샘플에서 3.28 g/t Au, 418 g/t Ag, 4.77% Cu의 상당한 광물화를 보여주었습니다.

회사는 아니타에서 라라 매장지에 비해 더 높은 구리 품위를 보고하며, 금과 은의 값은 코로나 존과 유사하다고 전했습니다. 이러한 결과는 1980년대 팔콘브리지의 역사적 발견을 확인합니다.

미래 탐사 계획에는 10,000m 목표 시추 프로그램, 지구물리학 및 지구화학 조사, 초기 금속 공학 연구가 포함됩니다. 회사는 라라 프로젝트에서 광물화 범위를 구분하고 새로운 관심 지역을 식별하는 것을 목표로 하고 있습니다.

Nova Pacific Metals (NVPCF) a annoncé des résultats prometteurs de prélèvements de confirmation de la zone Anita, une extension de son projet phare Lara sur l'île de Vancouver, en Colombie-Britannique. Des échantillons de surface ont révélé une minéralisation significative avec des valeurs de 3,28 g/t Au, 418 g/t Ag et 4,77% Cu.

L'entreprise rapporte des teneurs en cuivre plus élevées à Anita par rapport au gisement de Lara, avec des valeurs d'or et d'argent similaires à celles de la zone Coronation. Ces résultats confirment des découvertes historiques de Falconbridge dans les années 1980.

Les plans d'exploration futurs incluent un programme de forage ciblé de 10 000 m, des enquêtes géophysiques et géochimiques, ainsi que des études métallurgiques initiales. L'entreprise vise à délimiter l'étendue de la minéralisation et à identifier de nouvelles zones d'intérêt dans le projet Lara.

Nova Pacific Metals (NVPCF) hat vielversprechende Bestätigungsproben aus der Anita-Zone, einer Erweiterung seines Flaggschiffprojekts Lara auf Vancouver Island, British Columbia, angekündigt. Oberflächenproben zeigten eine signifikante Mineralisierung mit Werten von 3,28 g/t Au, 418 g/t Ag und 4,77% Cu.

Das Unternehmen berichtet von höheren Kupfergehalten in Anita im Vergleich zum Lara-Vorkommen, mit ähnlichen Gold- und Silberwerten wie in der Coronation-Zone. Diese Ergebnisse bestätigen historische Funde von Falconbridge aus den 1980er Jahren.

Zukünftige Explorationspläne umfassen ein zielgerichtetes Bohrprogramm über 10.000 m, geophysikalische und geochemische Untersuchungen sowie erste metallurgische Studien. Das Unternehmen hat das Ziel, das Ausmaß der Mineralisierung zu umreißen und neue Interessensgebiete im Lara-Projekt zu identifizieren.

Positive
  • High-grade sampling results: 3.28 g/t Au, 418 g/t Ag, 4.77% Cu
  • Higher copper grades at Anita vs Lara deposit
  • Expanded land position increases resource potential
  • 10,000m drilling program planned
Negative
  • Further work required to determine economic viability
  • Early-stage exploration results - no defined resource yet

Vancouver, British Columbia--(Newsfile Corp. - February 27, 2025) - Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) (FSE: YQ10) (WKN: A40GFH) (the "Company", or "Nova Pacific") is pleased to announce promising confirmation sampling results from surface exposures at the Anita zone, a strategic extension of the Company's flagship Lara Project on Vancouver Island, British Columbia (Figure 1).

Key Highlights:

  • Higher copper grades observed at Anita compared to the Lara deposit (Table 1).

  • Similar gold and silver values with associated base metals as at the Coronation Zone.

Nova Pacific's CEO, Mr. J. Malcolm Bell, commented, "The sampling results from the Anita zone, part of the western extension to the Lara deposit, are very encouraging as they confirm similar results obtained by Falconbridge in the 80's (Figure 2). Additional work will be undertaken this spring and summer prior to application for a drill program."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10425/242586_20b1ae33b4756bcc_001.jpg

Figure 1. Location Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10425/242586_20b1ae33b4756bcc_001full.jpg

Sample results are as follows:

ProjectSample IDGold (g/t)Silver
(g/t)
Copper
(%)
Lead
(%)
Zinc (%)
AnitaK4791742.276100.8970.2550.381
AnitaK4791753.284184.770.4050.728
AnitaK4791760.0192.410.06540.001890.0028
AnitaK4791770.063.710.3150.001550.0202

 

Table 1. Anita Zone Surface Grab Samples

Mr. Bell added, "It's particularly interesting to note that we're seeing higher copper grades at Anita zone compared to the Lara deposit. Higher copper value could have positive implications for our overall resource potential."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10425/242586_20b1ae33b4756bcc_002.jpg

Figure 2. Anita Zone Map and Historical Drill Results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10425/242586_20b1ae33b4756bcc_002full.jpg

Future Work at Lara:

Nova Pacific's newly expanded land position underscores the potential of the Lara Project. The Company is now preparing to advance its exploration efforts, with plans including:

  • 10,000 m targeted drilling program to further delineate the extent of mineralization at Lara

  • Geophysical and geochemical surveys outside the Lara deposit to identify new areas of interest

  • Initial metallurgical and "ore sorting" studies of the Lara deposit to inform future development plans

"These results help to confirm our understanding of Anita zone mineralization," Mr. Bell stated. "The potential for the discovery of mineralization at depth at Anita could substantially increase our resource potential, positioning Nova Pacific as an emerging player in British Columbia's critical minerals sector."

Investors should note that while these results are promising, further work is required to fully understand the extent and economic viability of the mineralization.

Qualified Person

David Nelles, P.Geo., a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and verified the scientific and technical data contained in this news release.

Rights of Indigenous Communities Statement

Nova Pacific operates on the Traditional, Ancestral and Unceded Territory of the Stz'uminus and Hul'qumi'num Treaty Group, a politically unified group that represents six Hul'qumi'num-speaking First Nations: Cowichan, Penelakut, Lyackson, Halalt, and Lake Cowichan.

The Company's entire team is committed to establishing lasting relationships with local communities by fostering inclusion and contributing to a shared prosperity.

About Nova Pacific

Nova Pacific is a Canadian exploration and development company focused on the Lara Volcanogenic Massive Sulfide (VMS) Project on Vancouver Island, British Columbia. This brownfields development project boasts a significant historic resource rich in critical and precious metals situated in a prime location with excellent infrastructure. Nova Pacific's forward-looking strategy includes confirmation and infill drilling, completion of an updated mineral resource estimate (MRE) and preparation of a Pre-Feasibility Study if and as required. The Company is committed to creating value for its shareholders while maintaining environmental responsibility and strong community relationships.

For additional information please visit: www.novapacificmetals.com

On behalf of the Board of Directors

J. Malcolm Bell
Chief Executive Officer, Director

Investor inquiries, or for further information, please contact:
Nova Pacific Metals Corp.
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 including, without limitation, statements regarding the Company's exploration plans. 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/242586

FAQ

What are the latest sampling results from Nova Pacific Metals (NVPCF) Anita zone?

The latest surface grab samples from NVPCF's Anita zone showed 3.28 g/t Au, 418 g/t Ag, and 4.77% Cu, with notably higher copper grades compared to the main Lara deposit.

What exploration plans does NVPCF have for the Lara Project in 2025?

NVPCF plans a 10,000m drilling program, geophysical and geochemical surveys, and initial metallurgical studies to advance the Lara Project.

How do the Anita zone results compare to historical findings for NVPCF?

The current Anita zone results confirm similar findings obtained by Falconbridge in the 1980s, showing consistent mineralization patterns.

Where is NVPCF's Lara Project located and what is its significance?

The Lara Project is located on Vancouver Island, British Columbia, and represents NVPCF's flagship property with potential for significant resource expansion through the Anita zone extension.

Nova Pacific Metals Corp

OTC:NVPCF

NVPCF Rankings

NVPCF Latest News

NVPCF Stock Data

8.76M
44.71M
4.47%
Other Industrial Metals & Mining
Basic Materials
Link
Canada
Vancouver