New Pacific Metals

New Pacific Metals has signed administrative mining contracts covering about 39 km² for the silver‑gold Carangas project in the Department of Oruro; the contracts will be submitted to the Bolivian legislature for ratification. After completing the local consultation process, the company plans to begin an approximately 30,000‑metre drilling program in the week of September 8 to upgrade resources, conduct step‑out exploration and collect data for a planned feasibility study. Preparations on site are already under way, including mobilization of drilling equipment; after legislative approval New Pacific Metals will advance the remaining environmental and permitting procedures. » Mere på de.investing.com

New Pacific Metals holds three silver projects in Bolivia, including the Carangas deposit, and announced a framework agreement with a regional community to prepare for production. At the same time the company plans a 30,000‑m drilling program and a feasibility study for Carangas, which is likely to have significant resource expansion potential. Since being included in a recommended portfolio report, the share price rose from CAD 5.15 to CAD 7.87 (+52.8%). » Mere på deraktionaer.de

New Pacific Metals has signed a framework agreement with the TIOC Carangas community for the Carangas silver‑gold project in Oruro. The agreement provides for annual contributions to a community development fund, a resettlement plan, respect for ancestral rights and environmental requirements, as well as local procurement and social commitments. The community will cooperate in regulatory hearings and grant access to project areas, enabling New Pacific to complete the formal consultation process and then convert the exploration licenses into mining licenses. After license issuance, the company plans a feasibility study, infill and deep drilling; the 2026 drilling campaign is expected to exceed 30,000 metres. According to the analysis, New Pacific has a solid financial position, with more cash than debt. » Mere på de.investing.com