Nova Pacific Reports Final Assay Results from Phase 1 Drilling at the Lara VMS Project
Executive Summary
- Nova Pacific reported assay results from the final seven drillholes (2,228 m) of its 8,660‑m Phase 1 program at the Coronation zone of the Lara VMS Project.
- Multiple intercepts returned high AuEq and ZnEq grades (e.g., NP25‑0143: 5.1 g/t AuEq over 11 m; NP25‑0041: 3.3 g/t AuEq over 16.2 m, including a 11.1 g/t AuEq sub‑interval).
- The results support the company’s exploration model and are expected to underpin a Mineral Resource Estimate targeted for Q4 2025.
Key Details
- Hole NP25‑0011: 17.64 m @ 1.9 g/t AuEq (4.3 % ZnEq) – 0.7 g/t Au, 1.25 % Zn, 17.7 g/t Ag, 0.29 % Cu, 0.18 % Pb from 86.6 m depth.
- Hole NP25‑0021: 9.0 m @ 2.1 g/t AuEq (5.3 % ZnEq) – 0.9 g/t Au, 1.30 % Zn, 28.3 g/t Ag, 0.36 % Cu, 0.19 % Pb from 84.75 m depth.
- Hole NP25‑0041: 16.2 m @ 3.3 g/t AuEq (8.6 % ZnEq) – 1.5 g/t Au, 2.17 % Zn, 53.5 g/t Ag, 0.42 % Cu, 0.52 % Pb from 85 m depth; includes 11.1 g/t AuEq (26.37 % ZnEq) sub‑interval.
- Hole NP25‑0052: Multiple intervals – 11 m @ 1.8 g/t AuEq (4.3 % ZnEq) from 135 m; 8.33 m @ 1.0 g/t AuEq (2.3 % ZnEq) from 80 m; 1 m @ 2.7 g/t AuEq (6.9 % ZnEq) from 89 m.
- Hole NP25‑0143: 11 m @ 5.1 g/t AuEq (13 % ZnEq) from 233 m; includes 1 m @ 20.5 g/t AuEq (50.2 % ZnEq).
- Hole NP25‑0273: 6.05 m @ 4.0 g/t AuEq (10.5 % ZnEq) from 45.45 m.
- Hole NP25‑0293: 10 m @ 2.5 g/t AuEq (6.1 % ZnEq) from 100 m.
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Hole NP25‑0373: 10.5 m @ 1.8 g/t AuEq (4.3 % ZnEq) from 119.5 m.
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Non‑significant holes: NP25‑012, NP25‑028, NP25‑032, NP25‑034 reported no material intersections.
- Additional drillhole context:
- NP25‑013 intersected 4 m @ 1.3 g/t AuEq (3.3 % ZnEq) at 271 m; true width consistent with model but grades higher than historical data.
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NP25‑016 intersected 6 m @ 0.9 g/t AuEq (2.6 % ZnEq) at 278 m, plus a 2 m @ 0.5 g/t AuEq (1.4 % ZnEq) at 299 m.
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Exploration outlook:
- Phase 1 results validate the exploration model and will feed into a Mineral Resource Estimate slated for Q4 2025.
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Ongoing compilation and digitization of historic data to guide future drilling across the Lara Project, including prospective zones (Lady A, Lady C).
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QA/QC: Core split‑sent to ALS Canada; ISO/IEC 17025 accredited lab; fire assay & multi‑element ICP methods employed; QA/QC samples inserted regularly.
Notable Quotes
“Phase 1 drilling results have generally been consistent with – and in many cases have exceeded – the historical dataset at Coronation… With an initial Mineral Resource Estimate targeted before year‑end, we're confident that the Coronation Zone continues to provide a strong foundation for Nova Pacific's growth.” – Sam Eskandari, CEO
All forward‑looking statements are subject to risks and uncertainties as disclosed in the release.