Nova Pacific Metals: Unlocking VMS Potential with Expanded Drill Program
Tuesday, Jan 21, 2025 2:17 am ET
2min read Nova Pacific Metals Corp. (NVPCF) has announced a significant expansion of its drill program at the Lara Volcanogenic Massive Sulphide (VMS) Property, following a comprehensive update of the project's historical database. This strategic move positions the Company to redefine the future of this promising VMS system and potentially enhance the previous historical resource estimate. The expanded drill program, now encompassing 49 holes totaling 10,000 meters, represents a substantial increase in scope compared to the initially planned 19 holes.
The comprehensive database update, conducted by Mineit Consulting Inc., has incorporated a wealth of previously existing data from the British Columbia Ministry of Mining and Critical Minerals. This update has provided a near-complete dataset for 226 historical drill holes, including crucial information such as drill logs, downhole surveys, assays, and certificates. The enhanced database now offers a comprehensive view of the property's potential, with assay values for zinc, silver, gold, barium, copper, and lead, as well as specific gravity measurements. This robust dataset meets CIM Best Practice standards and provides a solid foundation for the Company's upcoming drill program and any future resource estimation.
The expanded drill program aims to validate historical results and expand upon known mineralization within the Coronation, Coronation Extension, and Hanging Wall Zones. By increasing the number of drill holes and meters, Nova Pacific is positioning itself to redefine the future of this promising VMS system and potentially enhance the previous historical resource estimate. This expanded program demonstrates the Company's confidence in the project and commitment to rapidly advancing its development.
The strategic location of the Lara Property, in the mining-friendly jurisdiction of British Columbia with excellent infrastructure and proximity to major ports, significantly impacts the project's potential for development and success. This proximity to major urban centers and transportation infrastructure facilitates the efficient transportation of personnel, equipment, and supplies, reducing operational costs and enhancing the project's feasibility. The supportive regulatory environment in British Columbia, combined with the Company's engagement with First Nation communities, further enhances the project's prospects for success.
Nova Pacific is fully funded for this expanded program with a budget of $2.6 million and anticipates commencing drilling in Q2 2025. The Company looks forward to providing regular updates as the program progresses, keeping investors informed of the project's progress and potential.
In conclusion, Nova Pacific Metals' expanded drill program at the Lara VMS Property, following a comprehensive database update, positions the Company to unlock the full potential of this promising VMS system. With a strategic location in British Columbia, a supportive regulatory environment, and a fully funded budget, Nova Pacific is well-positioned to capitalize on the growing demand for critical minerals and deliver value to its shareholders.
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
