Curated News
By: NewsRamp Editorial Staff
August 26, 2026
New Pacific Metals Secures Key Contracts for Carangas Silver-Gold Project
TLDR
- New Pacific Metals secures 30-year contracts for Carangas, advancing toward full tenure and a potential edge in silver-gold mining.
- New Pacific signed contracts on Aug 21, 2026; now submitted for legislative approval, with a 30,000-meter drill program starting Sept 8.
- New Pacific's progress on Carangas could bring economic growth and sustainable resource development to Bolivia, benefiting local communities.
- Carangas project spans 39 sq km in Bolivia, with a 30-year contract and a drill program targeting both upgrades and new discoveries.
Impact - Why it Matters
This development is crucial for New Pacific Metals as it advances the Carangas project toward production, potentially adding a significant new source of silver and gold. For investors, the signing of administrative contracts and the upcoming drill program signal tangible progress in de-risking the project, which could positively impact the company's valuation. Moreover, the successful ratification of the contracts would solidify New Pacific's position in Bolivia, a country with rich mineral resources, and contribute to the global supply of precious metals.
Summary
New Pacific Metals (TSX: NUAG) (NYSE American: NEWP) has taken a significant step toward securing its Carangas Silver-Gold Project in Bolivia by signing Administrative Mining Contracts covering approximately 39 square kilometres. The 30-year contracts, signed with the Bolivia Administrative Mining Jurisdictional Authority on Aug. 21, 2026, are now set to be submitted to the Plurinational Legislative Assembly for ratification, moving the project closer to formal mining tenure. The company also announced that its ~30,000-metre 2026 drill program is scheduled to begin the week of Sept. 8, with ~25,000 metres aimed at upgrading mineral resources in the silver and gold zones and the remainder targeting potential extensions and new targets. The program will also collect data for the planned feasibility study, including metallurgical samples and geotechnical and hydrological drilling.
New Pacific Metals is a Canadian exploration and development company with a decade of operating experience in Bolivia, advancing two permitting stage precious metals projects: the Silver Sand project in Potosí and the Carangas project in Oruro. The Carangas project is noted for its scale, robust economics, and regional exploration potential, strengthening the company's portfolio. The latest updates on NEWP are available in the company's newsroom at http://ibn.fm/NEWP.
This announcement was disseminated by MiningNewsWire (MNW), a specialized communications platform focused on the Global Mining and Resources sectors. MNW is part of the Dynamic Brand Portfolio @ IBN, which offers a range of services including press release distribution, editorial syndication to 5,000+ outlets, and social media distribution. For more information, visit https://www.MiningNewsWire.com.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, New Pacific Metals Secures Key Contracts for Carangas Silver-Gold Project
