Target Price Raised on Metals Firm Following Drill Results

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The intercepts and their implications are discussed in a ROTH Capital Partners report.
Earlier in the week, the New Pacific announced the outcomes of the initial eight holes, infill holes, from its 2019 drill software at Silver Sand, plus they confirmed “the grade and thickness of the deposit,” Reagor indicated.
( Businesses Disclaimer: NUAG:TSX.V; NUPMF:OTCQX,

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The highlight was 169 grams per ton (169 g/t) of silver over 144.2 meters (144.2m). The average complete intercept of these pockets was 95.4 m hole with a mean grade of 114.7 g/t silver. “The holes demonstrated improved grades and depth than the averages we saw from the 195 holes this past year,” Reagor commented.

ROTH produces a market in stocks of Silvercorp Metals Inc. and as such, buys and sells from customers on a principal basis.
An Associated Person owns equity or debt securities of New Pacific Metals Corp..

At a June 7 research note, analyst Joe Reagor reported the ROTH Capital Partners increased its target price on New Pacific Metals Corp. (NUAG:TSX.V; NUPMF:OTCQX) to CA$3.50 per share from CA$3 on news of positive, high-grade drill results out of Silver Sand at Bolivia. The stock is currently trading at around CA$2.02 per share.
Upcoming catalysts to New Pacific Metals include the release of additional results, which might be expected during the calendar year, however the most important one, based on Reagor, is release of an initial resource estimate as a result later in 2019. “We hope to find the company’s share price rise significantly over the remainder of the year since it gives a steady flow of results,” the analyst noted, adding that the recent increase in precious metals prices may help buoy the stock in a high degree.

Resource: Streetwise Reviews   06/10/2019

By The Gold Report