‘Initial Recovery Tests Encouraging’ from Metals Project in Bolivia

18th February 2019 Off By binary

By The Gold Report

Source: Streetwise Reports   02/14/2019

A ROTH Capital Partners report presented and commented on the Canadian company’s early-stage metallurgical findings.

In a Feb. 7 research note, Joe Reagor, a ROTH Capital Partners analyst, reported that New Pacific Metals Corp.’s (NUAG:TSX.V; NUPMF:OTCQX) initial metallurgical test results from its flagship Silver Sand project in Bolivia are “positive.”

Specifically, Reagor indicated, recovery rates came in as high as 96.7% for sulphide material and 97.0% for transition material. The material was shown to be nonrefractory. “The grind requirements imply capital and operating costs on the lower end of the potential spectrum,” he added.

Reagor pointed out that New Pacific Metals should be commended for conducting early-stage metallurgical testing, which helps derisk a project. The fact it did so when so many exploration companies opt not to also is “encouraging.”

Looking forward, Reagor expects release of the subsequent set of drill results will be the next major catalyst for New Pacific Metals. Those data could help better determine Silver Sand’s potential. Results from 97 holes from its 2018 drill program are pending.

ROTH has a Buy rating and a CA$3 per share price target on New Pacific Metals, whose stock is currently trading at around CA$1.97 per share.

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Disclosures from ROTH Capital Partners, New Pacific Metals Corp., Flash Note, February 7, 2019

Regulation Analyst Certification (“Reg AC”): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

An Associated Person owns debt or equity securities of New Pacific Metals Corp.

Shares of New Pacific Metals Corp. and Silvercorp Metals Inc. may be subject to the Securities and Exchange Commission’s Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.

ROTH makes a market in shares of Silvercorp Metals Inc. and as such, buys and sells from customers on a principal basis.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months.

( Companies Mentioned: NUAG:TSX.V; NUPMF:OTCQX,
)

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