Bolivia, which accelerates recovery, the "must controversy" in the global mining industry

"Once the drilling plan begins, we cannot stop, because each drilling is beyond imagination, and the mineralization is getting better and better. The discovery of the gold mine is an exciting discovery." It reveals the huge potential of Bolivia. As a pioneer in Bolivia, New Pacific has been committed to investigating and developing world -class mines.

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The Bolivian government continues to write the ambition of the legend of mineral wealth

Bolivia is famous for its "Sky" in the Andes -Uyuni salt lake. Uyuni Salt Lake not only has the beautiful scenery of "closest to heaven on the planet", but also bred more than half of the world's lithium metal minerals. Bolivia, as a major mining country, is rich in mineral resources, and the reserves of lithium, 锑, 铋, lead, lead, silver, tin, tungsten and zinc are at the forefront of the world. Bolivia's mineral wealth legend began in the 16th century, and the silver mined by Cerro Rico in Potosi made Spanish colonists accumulate primitive wealth. The process of transformation has promoted the rapid development of the European economy and prompted Potozi to become one of the largest cities in the world and the symbol of global wealth at that time.

As the first source of the current Bolivian GDP income, natural gas was severely impacted due to factors such as the new crown epidemic and the violent fluctuations of international oil prices in 2020, and government fiscal revenue was seriously affected. The Boli government urgently hopes to find a replaceable pillar industry, and the mining industry has become the core of boosting the economy. In the first five months of this year, Bolivia's mineral exports increased by 19%to $ 1.3 billion, achieving the largest trade surplus in the past 10 years. At the same time, Bolivia maintains the lowest inflation rate and the most stable exchange rate in South America all year round. In the first half of this year, the CPI index rose 1.8%, while Chile of neighbors was 12.5%, and Argentina soared to 64%. The rise in prices has exacerbated the dissatisfaction of the people in South America. Bolivia has less influenced this, and the stable political and economic situation has won the favor of more investors.

Due to historical reasons such as political change and mining nationalization policies, Bolivia's mining development has been far behind South American countries such as Chile and Argentina. Most of the territory has not yet carried out modern exploration. It has a large number of geological exploration blank areas and has huge potential for mining. Therefore, accelerating the introduction of foreign investment is essential for subsequent mining development and economic development of Boluo.

Since President LUIS Arce took office in November 2020, its current government's current government has paid more attention to the investment of foreign capital on mining. The recent tax reform has canceled the import of capital goods, industrial plants, machinery and equipment imports. VAT, which is a major good for the country's exploration company. The Book Government has also formulated and promulgated the development plan for 2025, intending to vigorously develop infrastructure, actively implement the strategy of mining, oil and gas, and energy industrialization. It is planned to be completed and put into production of five large -scale mineral projects by the end of 2025.

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Multiple famous junior survey companies enter Bolivia for mineral survey

New Pacific Metals (TSX: NUAG) is a primary survey company listed on the Toronto Stock Exchange and the New York Stock Exchange. As a pioneer in Bolivia, the New Pacific successfully acquired the Silver Sand project in 2017, obtained its 5.42 square kilometers of exploration and mining rights, and signed a mining production contract (MPC) with the Bolivia National Mining Corporation (Comibol) ), Have 56 square kilometers of mineral rights around the project. In the following five years, the New Pacific has successively acquired high -quality projects such as Carats and Silverstrike silver ore, and the overall layout of Bolivia has been initially formed.

Multiple junior survey companies were attracted by Bolivia's potential of huge mineral resources that Bolivia had not fully developed, and they were aiming at the opportunity and successively joined the Bolivia mineral exploration team. ELORO Resources is conducting investigations on ISKA ISKA multi -metallic mines adjacent to Pan American Silver. Silver Elephant is investigating the PulaCayo project north of San Vicente north of San Vicente. Santacruz Mining completed the acquisition of three mines in Glencore in March 2021. Andean Precious Metals acquired San Bartolome Silver Mine in 2017 from Coeur Mining. More and more primary survey companies are competing for joining. Bolivia mineral exploration has entered an unprecedented stage of heat, and it also illustrates from the side that the mining policy of Boluo has been favored by all parties for a long time.

Bolivia Mining and Metallurgical Minister Ramiro Villavicencio, once operated by San Cristobal, operated by Sumitomo Corp., expressed the challenges facing the mining industry many times. The country's government welcomes the open attitude of foreign investors. After the lithium mine development led by the Bolivian government, in May 2021, the Boli government issued an invitation to the world's direct lithium lifting technology test, hoping to combine with foreign advanced technology and capital to jointly develop rich lithium ore resources. In June, Bolivia State -owned Lithium Mine Company (YLB) announced the shortlisted list, including four domestic companies including special transformer, Ningde Times, CITIC Guoan, and a Russian company and an American company. Accelerate the development of the lithium industry, so that the Guobo has an important place in the global lithium ore supply chain.

Stable and far away

New Pacific Corporation in Bolivia Explanation and Development of World -class Mines

Silver Sand Mine is located in the famous tin ore belt of East Kodler even in Bolivia in the middle of South America. It is located at 36 kilometers east to the north east of Cerro Rico. Become a low -temperature heating liquid vein -like silver mine. The exploration work before 2020, within the scope of 1.6 kilometers × 0.8 kilometers, obtained a silver metal amount of 5,954 tons (based on the 2020 Ni41-101 resource volume, MRRE).

Zhang Yongming, vice president of New Pacific Exploration, said, "The Bolivian government encourages foreign investment, especially in the mining industry. If progress is smooth, the Yinsha project will be built into one of the five large mineral projects in the 2025 development plan." One goal, the New Pacific has continued to carry out a large number of drilling work in the main mine section and surrounding mines of Yinsha Mining. As of now, 124,000 meters have been completed. The drilling rate is nearly 100%. Mineral body, stable mineralization. The company's recently released drilling analysis results show that drilling DSS529001 is 86.0 meters and 229 grams/ton of silver. Drilling DSS646001 is 60.5 meters, and the silver is 236 grams/ton. The company is expected to complete the resource estimate at the end of September, and the preliminary economic evaluation (PEA) report is completed by the end of the year. Yinsha Mine is suitable for large -scale open -air mining. It can be developed in an orderly manner for research, environmental assessment permit application, and subsequent development and construction.

At the same time, New Pacific Corporation has made major breakthroughs in the Korag project exploration on the western border of Bolivia. Since its drilling in 2021, while controlling the close -level thick silver ore body of the shallow part, it has newly discovered the thick pimple -type gold ore in the deep. According to the mineral band, the silver ore body is generally produced in the upper part of the mineral system, while the gold and copper ore body is mostly in the deep part. Geologists speculate that Bolivia's mining system has insufficient depth of erosion, and the deep gold and copper mines are not exposed. This is an important reason for the attention of many mining companies in the Golden Copper Mine of Bolivia. The discovery of Koran's deepening gold mines, coupled with the existence of many world -class deep copper gold mines in Chile, which is adjacent to the Koraga project, fully shows the huge potential of this type of mine exploration of Boluo.

Kolanda's silver mineralization is developed in the near -ground surface volcanic debris, and gold mineralization is developed in Yingan's melting littering and Yingan volcano. At present, there are 5 rigs on the scene of Koraga on the scene of 40,000 meters of drilling to better control the extension of the ore body in the deep and direction.

"Once the drilling plan begins, we cannot stop, because each drilling is beyond imagination, and the mineralization is getting better and better. The discovery of the gold mine is an exciting discovery." Zhang Yongming said.

In July, the company announced the first batch of analysis of drilling this year, of which deep -hole DCAR0044 saw 514.9 meters of mine, 1.1 grams/ton; DCAR0039 see 535.6 meters of mine, 1.0 grams/ton; drilling DCAR0038 Mine 58.1 Mi, silver product 507 grams/ton. Among the previous batch of mining results announced, drilling DCAR0031 saw 595.7 meters of mine and 1.25 grams/ton in gold. At present, the mineralization border has not been proven, and the drilling work will continue. It is expected that the results of the first resource estimation will be obtained by 2023.

The major discovery of the Gold Mine of the Korag project reveals the huge potential of the Golden Copper Mine in Bolivia's deep tribe, and also allows Bolivia to be full of hope and imagination in the future of Bolivia. The overall development strategy of the New Pacific in the Gibi country is the leading of Yinsha Mine, Kolanda followed up, surrounded by continuous exploration, gold and silver coordinated development, focusing on tin ore, and strive to achieve the completion of Yinsha Mine at the end of 2025.

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