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Nova Pacific Metals to Commence 8,500-Metre Phase 1 Drill Program at Lara VMS Project
Nova .Nova .(US:NVMI) Newsfile·2025-04-17 12:30

Core Viewpoint - Nova Pacific Metals Corp. is set to commence its Phase 1 diamond drill program at the Lara VMS Project in early May 2025, aiming to drill a minimum of 39 holes over approximately 8,500 meters [1][3]. Group 1: Project Details - The Phase 1 exploration program is designed to verify historical drilling data along the Coronation Trend and gather additional information for resource estimation activities [2]. - The Lara Project encompasses 19 mineral claims totaling 4,670.74 hectares, located about 70 kilometers northwest of Victoria, British Columbia, featuring a highly prospective geological setting [4]. - The Coronation Trend has been previously tested by 323 diamond drill holes totaling 58,263 meters, with a historical resource estimate of 1,146,700 tonnes at 3.01% Zn, 32.97 g/t Ag, 1.05% Cu, 0.58% Pb, and 1.97 g/t Au [6]. Group 2: Management Insights - The CEO of Nova Pacific emphasized that the initial drilling program is a significant milestone for the Lara VMS Project, aiming to transition the historical resource into a current and valuable deposit [3]. - The company has identified at least six other underexplored mineralized zones on or adjacent to the property, indicating potential for further discoveries [7]. Group 3: Corporate Update - Effective April 16, 2025, Mr. Dal Brynelsen retired from the Board of Directors but will continue to support the company as a member of the Advisory Board [8]. - Nova Pacific is committed to creating shareholder value while maintaining strong community relationships and environmental responsibility [13].