Nova Pacific drills four m of 1.3 g/t AuEq at Lara

Executive Summary

• Nova Pacific released final assay results from seven drill holes (2,228 m total) of its Phase 1 program at the Coronation area of the Lara VMS project.
• Multiple intervals returned high‑grade AuEq and ZnEq values, including a standout 11 m interval grading 5.1 g/t AuEq (13 % ZnEq) in hole NP25‑014 and an 11 m interval grading 3.3 g/t AuEq (8.6 % ZnEq) in hole NP25‑004.
• The results validate the company’s exploration model and support a mineral resource estimate targeted for Q4 2025, while also informing broader regional exploration across the Lara belt.

Key Details

• Program Scope: Phase 1 comprised an 8,660 m drill program; final assay batch covers seven holes (2,228 m).
• Hole NP25‑001: 17.64 m @ 1.9 g/t AuEq (4.3 % ZnEq) from 86.6 m depth.
• Hole NP25‑002: 9.0 m @ 2.1 g/t AuEq (5.3 % ZnEq) from 84.75 m depth.
• Hole NP25‑004: 16.2 m @ 3.3 g/t AuEq (8.6 % ZnEq) from 85 m; includes 11.1 m @ 11.0 g/t AuEq (26.4 % ZnEq).
• Hole NP25‑005: 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 NP25‑014: 11 m @ 5.1 g/t AuEq (13 % ZnEq) from 233 m; includes 1 m @ 20.5 g/t AuEq (50.2 % ZnEq).
• Hole NP25‑027: 6.05 m @ 4.0 g/t AuEq (10.5 % ZnEq) from 45.45 m.
• Hole NP25‑029: 10 m @ 2.5 g/t AuEq (6.1 % ZnEq) from 100 m.
• Hole NP25‑037: 10.5 m @ 1.8 g/t AuEq (4.3 % ZnEq) from 119.5 m.
• Additional Holes: NP25‑013 and NP25‑016 intersected the target zone with grades exceeding expectations; holes NP25‑012, NP25‑028, NP25‑032, NP25‑034 reported no significant intersections.
• Assay Methodology: Core split, half sent to ALS Canada (ISO/IEC 17025 accredited); fire assay and multielement ICP analysis with QA/QC controls (CRMs, blanks, duplicates).
• Qualified Persons: David Nelles, PGeo; Jeremy Link, MEng, PEng; Greg Mosher, MSc, PGeo (Mineit Consulting Inc.); exploration managed by Jeremy Link & Darcy Vis, PGeo (Tripoint Geological Services Ltd.).
• Future Plans: Compile and digitize historic data set (323 holes, 58,262 m) to guide later‑year field programs (mapping, systematic sampling, target generation). Targeted mineral resource estimate for Q4 2025; exploration of additional zones (Lady A, Lady C) underway.

Notable Quotes

• “Phase 1 drilling results have generally been consistent with – and in many cases have exceeded – the historical data set 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, Nova Pacific Metals Corp.