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27.06.2024 13:31:13 - dpa-AFX: EQS-News: North Peak Announces Drill Mobilization to Prospect Mountain and Results from Sampling Campaign on High Grade Historic Mines (english)
North Peak Announces Drill Mobilization to Prospect Mountain and Results
from Sampling Campaign on High Grade Historic Mines
EQS-News: North Peak Resources Ltd. / Key word(s): Miscellaneous
North Peak Announces Drill Mobilization to Prospect Mountain and Results
from Sampling Campaign on High Grade Historic Mines
27.06.2024 / 13:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Calgary, Alberta--(Newsfile Corp. - June 27, 2024) - North Peak Resources
Ltd. (TSXV: NPR) (the "Company" or "North Peak") announces that a drill has
been mobilized to Prospect Mountain North area within the Prospect Mountain
Property (the "Property") in Eureka, Nevada and drilling will commence this
week.
In preparation for the drill program, the Company completed a further rock
chip sampling campaign in April 2024 that focused on the infrastructure of
the historical mines that exist in the area.
Highlights of that rock chip sampling campaign include:
"Permits arrived in time to take advantage of the daylight in June and July
and the drill should be turning by this weekend," Brian Hinchcliffe,
Chairman & CEO commented. "There are a number of exciting holes targeting
the historic high-grade mines in Prospect Mountain North and will be
outlined in more detail in an upcoming press release."
Samples were primarily of gossan (oxidized sulfide ore) chipped from the
walls of old stopes accessed by the historic tunnels (see Figure 1 and Table
1 below). While grab samples from dumps are not indicative of in situ grades
and are often the "poor quality" ore left behind by the historical miners,
they give a useful guide to the composition and grade of the near surface
mineralization present on the Property.
The Company is using this data to complement and confirm the extensive
historical rock grab database gathered in the 1990's by Homestake over the
Property that comprises a total of 614 samples. The combined databases will
be used in conjunction with the previously reported sampling data contained
within the press releases of 18 October 2023 and 31 January 2024, and
geophysics, to help continue to determine near surface drill targets on the
Property.
Cannot view this image? Visit:
nwj867fder8https://images.newsfilecorp.com/files/9875/214575_c43c28147415fab7_002full.jpg
Figure 1: Plan showing location of surface rock samples in relation to
underground workings and faults.
To view an enhanced version of this graphic, please visit:
nwj867fder8
nwj867fder8
Review by Qualified Person, Quality Control and Reports
Mr. Mike Sutton, P.Geo., a director of the Company, is the Qualified Person,
as defined under National Instrument 43-101 - Standards of Disclosure for
Mineral Projects, who reviewed and approved scientific and technical
disclosure in this press release. The Qualified Person has not reviewed the
mineral tenure, nor independently verified the legal status and ownership of
the Property or any underlying property agreements.
All samples referenced herein were prepped by ALS Elko, 1345 Water St, Elko,
Nevada, USA. Gold was assayed at ALS Reno, 4977 Energy Way, Reno, Nevada,
USA. All base metals and silver were assayed by ALS Vancouver, 2103
Dollarton Hwy, North Vancouver, BC, Canada. Gold was assayed by 30g fire
assay analysis with AAS or gravimetric finish (Au-AA23/5 or Au-GRA21). Base
metals and silver were analyzed using four-acid digestion ICP-MS (ME-MS61),
with overlimit assays using Aqua Regia and four-acid digestion with ICP-MS
analysis (*-OG62). All ALS Geochemistry sites operate under a single Global
Geochemistry Quality Manual that complies with ISO/IEC 17025:2017, coupled
within a global LIMS platform. There is no relationship, fiduciary or
otherwise, between ALS and the Company.
All samples were of hand specimen size or larger, and were sealed in North
Peak's onsite facility and shipped directly to the lab; the Company can
guarantee the chain of custody. The Company's QA/QC program includes the
regular insertion of blanks and standards into the sample shipments, as well
as instructions for duplication. Standards and blanks are inserted every 20
samples.
About Prospect Mountain
The Property lies in the Battle Mountain Eureka trend, in an area known as
the Southern Eureka Gold Belt, where three styles of mineralization have
been identified, gold, silver Carlin style mineralization, Carbonate
Replacement gold, silver, lead, zinc mineralization (CRD) and carbonate
hosted Porphyry Related Skarn lead, zinc and gold mineralization associated
with cretaceous intrusions. At the Property, the CRD mineralization is
heavily oxidized to depths of at least 610m (2000ft) below the top of the
ridge line.
A Plan of Operations is in place which covers part of the Property
(totalling 81 acres) and entitles an operator to pursue surface exploration,
underground mining of up to 365,000 tons per annum and certain
infrastructural works. It includes a permit to extract water from a well and
to build water containment facilities.
About North Peak
The Company is a Canadian based gold exploration and development company
that is listed on the TSX Venture Exchange under the symbol "NPR". The
Company is focused on acquiring historic sites, with low cost producing gold
and other metals properties, with near term production potential and 8+ year
mine life in the northern hemisphere.
The Company recently acquired an initial 80% interest in the Prospect
Mountain Mine complex in Eureka, Nevada (see the Company's May 4 and 23,
2023 press releases).
The Company can give no assurances at this time that its properties and
interests will fulfil the Company's business development goals described
herein. Trading in the securities of the Company should be considered highly
speculative.
For further information, please contact:
Brian Hinchcliffe, CEO
Phone: +1-647-424-2305
Email: info@northpeakresources.com
Website: www.northpeakresources.com
Chelsea Hayes, Director
Phone: +1-647-424-2305
Email: info@northpeakresources.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This press
release includes certain "forward-looking statements" under applicable
Canadian securities legislation. Forward-Looking statements include, but are
not limited to, timing and completion of any drilling and work programs on
the Property, estimates of mineralization from drilling, sampling and
geophysical surveys, geological information projected from drilling and
sampling results and the potential quantities and grades of the target
zones, the potential for minerals and/or mineral resources and reserves, and
statements regarding the plans, intentions, beliefs, and current
expectations of the Property and the Company that may be described herein.
Forward-Looking statements consist of statements that are not purely
historical, including any statements regarding beliefs, plans, expectations
or intentions regarding the future. Such information can generally be
identified by the use of forwarding-looking wording such as "may", "expect",
"estimate", "anticipate", "intend", "believe" and "continue" or the negative
thereof or similar variations. Readers are cautioned not to place undue
reliance on forward-looking statements, as there can be no assurance that
the plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions,
known and unknown risks and uncertainties, both general and specific, that
contribute to the possibility that the predictions, estimates, forecasts,
projections and other forward-looking statements will not occur. These
assumptions, risks and uncertainties include, among other things, the state
of the economy in general and capital markets in particular, accuracy of
assay results, geological interpretations from drilling results, timing and
amount of capital expenditures; performance of available laboratory and
other related services, future operating costs, and the historical basis for
current estimates of potential quantities and grades of target zones, as
well as those risk factors discussed or referred to in the Company's
Management's Discussion and Analysis for the year ended December 31, 2023
and the quarter ended March 31, 2024, available at www.sedarplus.ca, many of
which are beyond the control of the Company. Forward-Looking statements
contained in this press release are expressly qualified by this cautionary
statement.
The forward-looking statements contained in this press release are made as
of the date of this press release. Except as required by law, the Company
disclaims any intention and assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Additionally, the Company undertakes no obligation to
comment on the expectations of, or statements made by, third parties in
respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Table 1. Results of assays of surface and workings rock samples to date of
greater than 1 g/t Au or greater than 35g Ag or greater than 1% Cu or Pb or
Zn. Locations are given in NAD83 UTM coordinates, Nevada East grid. * Sample
collected from relatively unaltered rock for background measure.
Corporate Logo
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/214575
Click on, or paste the following link into your web browser,to view the
associated documents http://www.newsfilecorp.com/release/214575
News Source: North Peak Resources Ltd.
---------------------------------------------------------------------------
27.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
End of News EQS News Service
---------------------------------------------------------------------------
1934881 27.06.2024 CET/CEST
from Sampling Campaign on High Grade Historic Mines
EQS-News: North Peak Resources Ltd. / Key word(s): Miscellaneous
North Peak Announces Drill Mobilization to Prospect Mountain and Results
from Sampling Campaign on High Grade Historic Mines
27.06.2024 / 13:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Calgary, Alberta--(Newsfile Corp. - June 27, 2024) - North Peak Resources
Ltd. (TSXV: NPR) (the "Company" or "North Peak") announces that a drill has
been mobilized to Prospect Mountain North area within the Prospect Mountain
Property (the "Property") in Eureka, Nevada and drilling will commence this
week.
In preparation for the drill program, the Company completed a further rock
chip sampling campaign in April 2024 that focused on the infrastructure of
the historical mines that exist in the area.
Highlights of that rock chip sampling campaign include:
* Industry Tunnel, where the drilling will begin, recorded a chip sample
of 20.5 g/t (0.66 oz/t) Au.
* Dead Broke Mine - yielded high silver values up to 911 g/t (29.2 oz/t)
Ag, with up to 4.9 g/t (0.16 oz/t) Au.
* Dead Broke grab dump samples ranged up to 7 g/t (0.22 oz/t) Au and 265
g/t (8.5 oz/t) Ag.
* Duke Mine - the area around which had high silver values up to 655 g/t
(21 oz/t) Ag, with up to 4.4 g/t (0.14 oz/t) Au.
* Madrid Mine - a small working, but had up to 2.5 g/t (0.08 oz/t) Au, and
158 g/t (5.1 oz/t) Ag.
"Permits arrived in time to take advantage of the daylight in June and July
and the drill should be turning by this weekend," Brian Hinchcliffe,
Chairman & CEO commented. "There are a number of exciting holes targeting
the historic high-grade mines in Prospect Mountain North and will be
outlined in more detail in an upcoming press release."
Samples were primarily of gossan (oxidized sulfide ore) chipped from the
walls of old stopes accessed by the historic tunnels (see Figure 1 and Table
1 below). While grab samples from dumps are not indicative of in situ grades
and are often the "poor quality" ore left behind by the historical miners,
they give a useful guide to the composition and grade of the near surface
mineralization present on the Property.
The Company is using this data to complement and confirm the extensive
historical rock grab database gathered in the 1990's by Homestake over the
Property that comprises a total of 614 samples. The combined databases will
be used in conjunction with the previously reported sampling data contained
within the press releases of 18 October 2023 and 31 January 2024, and
geophysics, to help continue to determine near surface drill targets on the
Property.
Cannot view this image? Visit:
nwj867fder8https://images.newsfilecorp.com/files/9875/214575_c43c28147415fab7_002full.jpg
Figure 1: Plan showing location of surface rock samples in relation to
underground workings and faults.
To view an enhanced version of this graphic, please visit:
nwj867fder8
nwj867fder8
Review by Qualified Person, Quality Control and Reports
Mr. Mike Sutton, P.Geo., a director of the Company, is the Qualified Person,
as defined under National Instrument 43-101 - Standards of Disclosure for
Mineral Projects, who reviewed and approved scientific and technical
disclosure in this press release. The Qualified Person has not reviewed the
mineral tenure, nor independently verified the legal status and ownership of
the Property or any underlying property agreements.
All samples referenced herein were prepped by ALS Elko, 1345 Water St, Elko,
Nevada, USA. Gold was assayed at ALS Reno, 4977 Energy Way, Reno, Nevada,
USA. All base metals and silver were assayed by ALS Vancouver, 2103
Dollarton Hwy, North Vancouver, BC, Canada. Gold was assayed by 30g fire
assay analysis with AAS or gravimetric finish (Au-AA23/5 or Au-GRA21). Base
metals and silver were analyzed using four-acid digestion ICP-MS (ME-MS61),
with overlimit assays using Aqua Regia and four-acid digestion with ICP-MS
analysis (*-OG62). All ALS Geochemistry sites operate under a single Global
Geochemistry Quality Manual that complies with ISO/IEC 17025:2017, coupled
within a global LIMS platform. There is no relationship, fiduciary or
otherwise, between ALS and the Company.
All samples were of hand specimen size or larger, and were sealed in North
Peak's onsite facility and shipped directly to the lab; the Company can
guarantee the chain of custody. The Company's QA/QC program includes the
regular insertion of blanks and standards into the sample shipments, as well
as instructions for duplication. Standards and blanks are inserted every 20
samples.
About Prospect Mountain
The Property lies in the Battle Mountain Eureka trend, in an area known as
the Southern Eureka Gold Belt, where three styles of mineralization have
been identified, gold, silver Carlin style mineralization, Carbonate
Replacement gold, silver, lead, zinc mineralization (CRD) and carbonate
hosted Porphyry Related Skarn lead, zinc and gold mineralization associated
with cretaceous intrusions. At the Property, the CRD mineralization is
heavily oxidized to depths of at least 610m (2000ft) below the top of the
ridge line.
A Plan of Operations is in place which covers part of the Property
(totalling 81 acres) and entitles an operator to pursue surface exploration,
underground mining of up to 365,000 tons per annum and certain
infrastructural works. It includes a permit to extract water from a well and
to build water containment facilities.
About North Peak
The Company is a Canadian based gold exploration and development company
that is listed on the TSX Venture Exchange under the symbol "NPR". The
Company is focused on acquiring historic sites, with low cost producing gold
and other metals properties, with near term production potential and 8+ year
mine life in the northern hemisphere.
The Company recently acquired an initial 80% interest in the Prospect
Mountain Mine complex in Eureka, Nevada (see the Company's May 4 and 23,
2023 press releases).
The Company can give no assurances at this time that its properties and
interests will fulfil the Company's business development goals described
herein. Trading in the securities of the Company should be considered highly
speculative.
For further information, please contact:
Brian Hinchcliffe, CEO
Phone: +1-647-424-2305
Email: info@northpeakresources.com
Website: www.northpeakresources.com
Chelsea Hayes, Director
Phone: +1-647-424-2305
Email: info@northpeakresources.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This press
release includes certain "forward-looking statements" under applicable
Canadian securities legislation. Forward-Looking statements include, but are
not limited to, timing and completion of any drilling and work programs on
the Property, estimates of mineralization from drilling, sampling and
geophysical surveys, geological information projected from drilling and
sampling results and the potential quantities and grades of the target
zones, the potential for minerals and/or mineral resources and reserves, and
statements regarding the plans, intentions, beliefs, and current
expectations of the Property and the Company that may be described herein.
Forward-Looking statements consist of statements that are not purely
historical, including any statements regarding beliefs, plans, expectations
or intentions regarding the future. Such information can generally be
identified by the use of forwarding-looking wording such as "may", "expect",
"estimate", "anticipate", "intend", "believe" and "continue" or the negative
thereof or similar variations. Readers are cautioned not to place undue
reliance on forward-looking statements, as there can be no assurance that
the plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions,
known and unknown risks and uncertainties, both general and specific, that
contribute to the possibility that the predictions, estimates, forecasts,
projections and other forward-looking statements will not occur. These
assumptions, risks and uncertainties include, among other things, the state
of the economy in general and capital markets in particular, accuracy of
assay results, geological interpretations from drilling results, timing and
amount of capital expenditures; performance of available laboratory and
other related services, future operating costs, and the historical basis for
current estimates of potential quantities and grades of target zones, as
well as those risk factors discussed or referred to in the Company's
Management's Discussion and Analysis for the year ended December 31, 2023
and the quarter ended March 31, 2024, available at www.sedarplus.ca, many of
which are beyond the control of the Company. Forward-Looking statements
contained in this press release are expressly qualified by this cautionary
statement.
The forward-looking statements contained in this press release are made as
of the date of this press release. Except as required by law, the Company
disclaims any intention and assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Additionally, the Company undertakes no obligation to
comment on the expectations of, or statements made by, third parties in
respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Table 1. Results of assays of surface and workings rock samples to date of
greater than 1 g/t Au or greater than 35g Ag or greater than 1% Cu or Pb or
Zn. Locations are given in NAD83 UTM coordinates, Nevada East grid. * Sample
collected from relatively unaltered rock for background measure.
East North Sample Sample Au, g/t Ag, g/t Cu, % Pb, % Zn, %
Type Source
165053 8524671 chip mine 20.5 13.5 0.674 0.136 0.926
164650 8524051 grab dump 7.02 265 0.0321 1.39 0.478
164784 8524509 chip mine 6.32 39.2 0.232 1.38 3.08
164705 8524012 chip mine 4.88 510 0.385 2.28 5.59
164576 8524559 chip mine 4.73 90.2 0.683 0.0504 0.864
164945 8524183 chip mine 4.37 511 0.474 1.38 1.43
164830 8524358 grab dump 3.64 25 0.1195 0.32 1.5
164921 8524202 chip mine 3.42 575 0.694 10.7 3.32
164704 8524017 chip mine 3.07 102 0.0503 0.723 1.76
164676 8523982 chip mine 2.82 83.1 0.259 2.89 2.54
164784 8524506 chip mine 2.56 30.6 0.303 0.407 4.08
164842 8524423 chip mine 2.5 158 0.21 0.616 1.975
164782 8524508 chip mine 2.43 70.2 0.375 0.474 4.22
164785 8524513 chip mine 1.89 53.5 0.404 3.68 2.63
164664 8523989 chip mine 1.84 83.1 0.32 4.81 17.3
164933 8524178 chip mine 1.65 189 0.774 1.165 0.974
164940 8524161 chip mine 1.63 216 0.355 6.02 1.85
164940 8524162 chip mine 1.62 400 0.713 7.09 3.55
164938 8524177 grab dump 1.52 165 0.344 1.225 1.125
164918 8524202 chip mine 1.21 655 0.0831 15.8 3.56
164664 8523988 chip mine 1.13 97.8 0.0984 1.105 1.335
164538 8524787 grab dump 1.06 17.45 0.743 0.1415 0.954
164702 8524541 chip mine 1.01 82.5 0.845 0.01345 1.12
164786 8524510 chip mine 0.95 43.7 0.364 1.265 3.02
164686 8524549 grab dump 0.92 84.6 0.618 0.1455 0.436
164675 8523982 chip mine 0.89 911 0.323 16 2.77
164918 8524202 chip mine 0.87 426 0.258 9.04 2.78
164497 8524348 chip mine 0.75 52.5 0.334 0.607 0.8
164913 8524211 chip mine 0.63 439 0.624 3.54 1.52
164919 8524200 chip mine 0.53 291 0.21 6.05 1.565
164915 8524209 chip mine 0.44 74.7 1.86 2.52 2
164894 8524256 chip mine 0.4 60.5 0.796 2.43 3.88
164895 8524256 chip mine 0.4 53.4 0.345 2.4 2.95
164896 8524256 chip mine 0.27 56.7 0.428 2.68 3.87
164846 8524424 chip mine 0.27 18.8 0.369 0.669 6.28
164675 8523982 chip mine 0.25 80 0.0615 1.52 0.869
164702 8524541 chip mine 0.24 58 0.42 0.0215 1.14
164651 8524051 grab dump 0.23 1.23 0.0157 1.015 1.125
164920 8524204 chip mine 0.22 268 0.0849 6.24 0.437
164703 8524012 chip mine 0.21 50.3 0.0987 1.16 1.9
164704 8524011 chip mine 0.19 116 0.1055 1.725 1.37
164677 8523982 chip mine 0.19 54 0.1005 2.09 30
164576 8524559 chip mine 0.17 62.4 0.296 0.0147 0.5
164705 8524017 chip mine 0.15 68.5 0.1515 1.16 3.25
164846 8524425 chip mine 0.15 13.15 0.165 0.297 3.68
164918 8524202 chip mine 0.14 187 0.0543 2.69 0.799
164652 8524052 grab dump 0.13 66.1 0.0779 1.765 1.66
164702 8524012 chip mine 0.13 55.5 0.00966 0.1575 2.01
164649 8524554 chip mine 0.09 60.2 0.67 0.045 1.325
164915 8524209 chip mine 0.08 20.5 1.745 2.19 2.15
164917 8524203 chip mine 0.06 83.5 0.0857 2.77 3.99
164771 8523931 chip mine 0.05 53.2 0.282 1.58 1.915
164935 8524179 chip mine 0.05 17.45 0.559 0.884 1.82
164936 8524177 chip mine 0.04 21.3 0.66 0.374 1.945
164703 8524016 chip mine 0.04 4.97 0.0456 0.515 1.87
164947 8524183 chip mine 0.02 21.7 0.383 0.637 1.335
Corporate Logo
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/214575
Click on, or paste the following link into your web browser,to view the
associated documents http://www.newsfilecorp.com/release/214575
News Source: North Peak Resources Ltd.
---------------------------------------------------------------------------
27.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Language: English Company: North Peak Resources Ltd.
Germany ISIN: CA6614441096 EQS News ID: 1934881
End of News EQS News Service
---------------------------------------------------------------------------
1934881 27.06.2024 CET/CEST
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
NORTH PEAK RESOURCES LTD. | A2P71W | Frankfurt | 0,560 | 28.06.24 08:10:08 | +0,020 | +3,70% | 0,000 | 0,000 | 0,560 | 0,560 |
