# New Pacific Metals Reports Signing of Administrative Mining Contracts and Commencement of the 2026 Drill Program at the Carangas Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/new-pacific-metals-reports-signing-of-administrative-mining-contracts-and-commen--44a92633-0bbe-4eaf-b1b4-911d8448351e

Original source: https://orestocks.com/company/NUAG.TO/press-releases/5099284355261130

Publisher: orestocks

Original announcement: 2026-08-26T12:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: New Pacific Metals Corp.

- Ticker: NUAG.TO

- Exchange: Unavailable

- Region: Oruro Department, Bolivia

- Primary commodity: Silver

- Secondary commodities: Gold

- Document categories: Permitting, Drill results

- Extracted: 2026-08-26 12:37:06 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

New Pacific Metals has signed 30-year Administrative Mining Contracts \(AMCs\) for its Carangas Silver-Gold Project in Bolivia, marking a key permitting milestone. Additionally, the company announced a 30,000-metre drill program scheduled to begin in September 2026, aimed at upgrading resources and testing new targets.

Reasoning: The company achieved a significant regulatory milestone by converting exploration licenses to mining contracts and announced a substantial upcoming drilling campaign.

- Positive factor: Secured 30-year administrative mining contracts \(AMCs\)

- Positive factor: De-risking of permitting pathway

- Positive factor: Large 30,000m drill program commencing soon

- Positive factor: Program includes resource upgrade and step-out drilling

- Negative factor: Requires legislative ratification for final tenure

Facts used in scoring: 2

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release is reviewed and approved by a designated Qualified Person \(Alex Zhang, P.Geo.\)

Evidence · text

> reviewed and approved by Alex Zhang, P.Geo., Vice President of Exploration of New Pacific who is the designated qualified person

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The drill program includes step-out drilling for potential extensions beyond the known resource area.

Evidence · text

> balance focused on step-out drilling for potential extensions

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.