# 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-extractions.minestarters.com/news/new-pacific-metals-reports-signing-of-administrative-mining-contracts-and-commen--d0e18e57-af32-4449-824e-e4f70d798e28

Original source: https://money.tmx.com/en/quote/NUAG/news/7223902647042988/new-pacific-metals-reports-signing-of-administrative-mining-contracts-and-commen

Publisher: tmx

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

- Exchange: TSX

- Region: Bolivia

- Primary commodity: Silver

- Secondary commodities: Gold

- Document categories: Permitting, Drill results

- Extracted: 2026-09-16 14:32:25 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

New Pacific Metals has signed 30-year Administrative Mining Contracts \(AMCs\) for the Carangas Silver-Gold Project in Bolivia, a key permitting milestone. Additionally, the company is commencing a 30,000-metre drill program in September 2026 focused on resource upgrading and step-out exploration.

Reasoning: The announcement contains two major positive milestones: the securing of long-term administrative mining tenure \(AMCs\) and the launch of a substantial 30,000m drilling campaign aimed at resource expansion and upgrading.

- Positive factor: Signing of 30-year Administrative Mining Contracts \(AMCs\) de-risks permitting

- Positive factor: Commencement of a significant 30,000m drill program

- Positive factor: Drill program includes resource upgrade and step-out components

Facts used in scoring: 2

## Classification and evidence

**Permitting Milestone**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The company signed 30-year Administrative Mining Contracts \(AMCs\) with AJAM, advancing the project toward formal tenure.

Evidence · text

> signing of the Administrative Mining Contracts \("AMCs"\) for its Carangas Silver-Gold Project

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The 2026 drill program includes step-out drilling to test new targets beyond the known mineralized area.

Evidence · text

> balance focused on step-out drilling for potential extensions and testing new targets

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The program includes 25,000m of drilling specifically to upgrade mineral resources.

Evidence · text

> 25,000 metres of drilling to upgrade mineral resources

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-signing-of-administrative-mining-contracts-and-commen--d0e18e57-af32-4449-824e-e4f70d798e28#fact-drill-facts-0)

Needs review: drill\_no\_hole\_id

#### Identity

- Region: bolivia
- Reported Region: bolivia
- Ticker: NUAG

#### Classification

- Program: mixed
- Sample Type: drill

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-26T00:00:00.000Z

Reasoning: The scale of the upcoming program is significant for an exploration-stage project.

- Positive factor: Large scale 30,000m campaign

Evidence · text

> approximately 30,000 metre drilling campaign

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "mixed"

## 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.