New Pacific Metals (NYSE:NEWP, TSX:NUAG) is a company with a laser focus on silver in Bolivia, which is an emerging precious metals jurisdiction with enormous potential. The company aims to be a first mover in this under-explored region, and it has a phenomenal flagship in the Silver Sand project, which is the largest silver discovery in Bolivia for 30 years. Located around 25 km from the world-famous Cerro Rico Ag-base metal mine, silver has been mined on the property since the 1600s. The April 2020 Mineral Resource Estimate for Silver Sand listed measured and indicated resources of 155.86 million ounces, plus a further 35.55 million ounces inferred. New Pacific is now working towards a PEA for Silver Sand, and simultaneously conducting the necessary exploration to expand the resource. There remains significant potential on this property, with two new targets already identified. In addition to their flagship, New Pacific has two further projects in Bolivia. The first of these, Silverstrike, was acquired on the basis of geological insights gained at Silver Sand, and the company believes that Silverstrike represents similar geology. It too hosts evidence of colonial-era mining, and in addition to silver there has been gold, lead and zinc mineralisation uncovered so far. Promising near-surface mineralisation was identified during drilling performed at Silverstrike by Rio Tinto in 1995. The company’s third project is Carangas, acquired in April 2021. This property lies in a historical high-grade silver area with outcropping mineralisation, and the New Pacific has already invested in a 5,000 m discovery drill program that has identified both high-grade and bulk tonnage targets. Not only does New Pacific have the advantage of being an early entrant into the virtually untapped Bolivian silver market, it has also gained extensive experience in realistic strategies to successfully advance mine projects in the country. These factors, as well as the promising geology at its projects, set it up superbly to become a major force in precious metals in the region.