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Silver Company Expands Land Package, Gains E&D Rights In Bolivia

Published 08/05/2018, 02:54 AM
Updated 07/09/2023, 06:31 AM

These moves complement exploration currently underway at the asset.

New Pacific Metals Corp (OTC:NUPMF; V:NUAG) entered into two separate agreements that advance development of its flagship Silver Sand property in Bolivia.

One contract was to acquire 100% interest in the mineral concessions adjacent to Silver Sand, on which its private owners are mining on a small scale. The company intends to acquire similarly owned properties in the area to expand its Silver Sand land package.

The other arrangement was to gain permission for Alcira to explore and develop 30 mineral concessions that abut Silver Sand to the south and west. Alcira, or Empresa Minera Alcira S.A., is a wholly owned subsidiary of New Pacific Metals and the owner of Silver Sand.

The entities that signed the memorandum of understanding (MOU) are New Pacific, Alcira and the Corporación Minera de Bolivia. "The MOU established a process for the parties to negotiate and complete definitive agreements on the mineral concessions," a press release noted.

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with New Pacific Metals Corp. Please click here for more information.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of New Pacific Metals Corp., a company mentioned in this article.

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