- Nova Pacific Metals Corp. (NVPCF, Financial) is set to begin its Phase 1 drill program at the Lara VMS Project in May 2025.
- The program involves 39 diamond drill holes over 8,500 meters along the Coronation Trend.
- The Lara Project contains a significant historical resource, including over 1 million tonnes of high-grade polymetallic mineralization.
Nova Pacific Metals Corp. (NVPCF) has announced plans to commence its Phase 1 diamond drilling program at the Lara Volcanogenic Massive Sulfide (VMS) Project located on Vancouver Island, British Columbia, in early May 2025. The exploration initiative will include a minimum of 39 drill holes totaling approximately 8,500 meters along the Coronation Trend.
This drilling program aims to verify historical drilling data and collect new data to support future resource estimation activities. The Lara Project spans 4,671 hectares and holds 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, with an inferred resource of 669,600 tonnes at a similar grade. These estimates underscore the project's potential, given its strategic location near past-producing mines and the presence of multiple underexplored zones.
According to J. Malcolm Bell, CEO of Nova Pacific Metals, this program marks a revitalization milestone for the Lara VMS Project, transitioning historical resources towards current deposit status. The drill program has been designed following recommendations from a 2024 Technical Report by Wetherup Geological Consulting, with data compilation and program design led by Mineit Consulting's Greg Mosher, P.Geo.
Beyond the main Coronation Trend, the Lara Project includes six additional underexplored mineralized zones: Anita, Randy/Randy North, Silver Creek, 262, Lady A, and Lady C. These areas offer further exploration opportunities that could potentially expand the resource base.
Nova Pacific Metals operates within the Traditional, Ancestral, and Unceded Territory of the Stz'uminus and Hul'qumi'num Treaty Group, comprised of six Hul'qumi'num-speaking First Nations. The company is dedicated to fostering inclusive relationships with local communities while advancing its resource-rich project with potential environmental and economic benefits.
