Northwire Canada EditionSaturday, July 25, 2026
Sign inSubscribe
Northwire
⌕
B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Resource Estimate

Nova Pacific Metals Announces Mineral Resource Estimate for the Coronation Deposit at the Lara Project, Highlighting Open-Pit Potential

By The Northwire Desk — AI Analysis Mar 17, 2026 · 08:32 NVPC · 0.045 Nova Pacific Metals Corp.
NVPC · Price

Executive Summary

  • Nova Pacific Metals announced an independent NI 43‑101 mineral resource estimate for the Coronation deposit at its Lara VMS project.
  • The estimate defines both pit‑constrained and underground resources, totaling ~4.09 Mt indicated + inferred with a combined AuEq content of roughly 181,000 oz.
  • The company will advance metallurgical studies and a Phase 1 drill program in 2025, with additional high‑priority targets (Lady A, Lady C, Anita) slated for the next drilling phase.

Key Details

  • Pit‑Constrained Resources
  • Indicated: 1.944 Mt @ 1.50 g/t AuEq → 94,000 oz AuEq

  • Inferred: 2.024 Mt @ 1.11 g/t AuEq → 72,000 oz AuEq

  • Underground Resources

  • Indicated: 0.042 Mt @ 2.86 g/t AuEq → 4,000 oz AuEq

  • Inferred: 0.124 Mt @ 2.73 g/t AuEq → 11,000 oz AuEq

  • Metal Summary (Pit‑Constrained) – Cut‑off 0.3 g/t AuEq

  • Ag: 1,180,000 oz (indicated) / 955,000 oz (inferred)
  • Au: 58,000 oz (indicated) / 46,000 oz (inferred)
  • Cu: 3,000 t (both)
  • Pb: 3,000 t (indicated) / 2,000 t (inferred)

  • Zn: 19,000 t (indicated) / 12,000 t (inferred)

  • Metal Summary (Underground) – Cut‑off 2.0 g/t AuEq

  • Ag: 37,000 oz (indicated) / 67,000 oz (inferred)
  • Au: 3,000 oz (indicated) / 7,000 oz (inferred)
  • Cu: 80 t (indicated) / 1,000 t (inferred)
  • Pb: 240 t (indicated) / 320 t (inferred)

  • Zn: 490 t (indicated) / 1,000 t (inferred)

  • Assumptions Used in AuEq Calculation

  • Metal prices (Feb 1 2026): Ag US$41.59/oz, Au US$3,327/oz, Cu US$10,207/t, Pb US$1,984/t, Zn US$2,696/t.
  • Recovery rates: Ag 84%, Au 86%, Cu 95%, Pb 96%, Zn 73%; overall weighted recovery 86%.

  • Mining & processing costs: Open‑pit US$2.50/t, underground US$100/t, processing US$25/t.

  • Data Basis – 379 diamond drillholes (67,129 m) including 8,660 m from Nova Pacific’s 2025 Phase 1 program and historic data (58,469 m).

  • Qualified Person – Gregory Z. Mosher, M.Sc., P.Geo., Mineit Consulting Inc.; NI 43‑101 report to be filed on SEDAR+ within 45 days.

  • Forward Plans – Continue metallurgical testing; focus 2026 drilling on Lady A, Lady C, Anita zones to expand the resource base.

Notable Quotes

“This initial Mineral Resource for our Coronation deposit represents an important milestone for Nova Pacific and supports our 2025 Phase 1 drill program… we are particularly encouraged by the open‑pit potential of the resource.” – Sam Eskandari, CEO

Read the original news release →

More from Nova Pacific Metals Corp.

May 01, 2026 · 08:31

Soil Anomalies Spark Interest But Liquidity Concerns Persist at Lara Project

Drill Results Apr 09, 2026 · 08:31

Nova Pacific clinches 100% Lara VMS stake, unlocking full upside on a newly‑scaled resource

Resource Estimate Oct 08, 2025 · 18:47

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

Drill Results Oct 08, 2025 · 08:31

Nova Pacific Reports Final Assay Results from Phase 1 Drilling at the Lara VMS Project

Drill Results