Nova .(US:NVMI) Newsfile·2024-11-14 13:30Core Viewpoint - Nova Pacific Metals Corp. is focusing on the revitalization of the Lara Volcanogenic Massive Sulphide (VMS) deposit, which has a rich history of exploration and significant potential for future development [2][12]. Historical Context - The Lara deposit was discovered in 1984 by Laramide Resources Ltd. in partnership with Abermin Corporation, but exploration efforts were hindered by low metal prices in the 1990s [3][4]. - Significant exploration activities occurred in the 1980s, including an 8.2-meter intersection of massive sulphides with notable grades: 3.01% zinc, 0.68% copper, 0.45% lead, 2.86 g/t gold, and 55.85 g/t silver [4]. - A total of 323 diamond drill holes have been drilled on the property, totaling 58,262 meters [8]. Revitalization Plans - The company is implementing a rapid revitalization plan that includes confirmation sampling of mineralized outcrops and showings, as well as a program of 40 diamond drill holes to confirm previous results and target infill locations [8][9]. - Drill permits have been applied for, and a reclamation bond is in place, with consultation with First Nations initiated [10]. - Optimization trials using optical mineral sorting processes are planned for Q1 2025 [11]. Financial and Strategic Developments - A recent financing has been closed to support the advancement of the Lara deposit, with plans for confirmation and infill drilling along the Coronation Trend [12]. - The company has entered into a consulting agreement with Kingfisher Consulting Ltd. to enhance its European marketing and communications strategy, with a fee of €60,000 for a three-month term [13].