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31.01.2024 13:00:58 - EQS-News: North Peak Announces Results of Dump -2-
DJ EQS-News: North Peak Announces Results of Dump Sampling Program on Prospect Mountain, Eureka, Nevada
===
EQS-News: North Peak Resources Ltd. / Key word(s): Miscellaneous
North Peak Announces Results of Dump Sampling Program on Prospect Mountain, Eureka, Nevada
2024-01-31 / 13:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Calgary, Alberta--(Newsfile Corp. - January 31, 2024) - North Peak Resources Ltd. (TSXV: NPR) (the "Company" or "North
Peak") announces results from the first phase of sampling of surface workings on its Prospect Mountain property in
Eureka, Nevada (the "Property"). As part of a surface mapping project, some of the dumps, numerous surface shafts,
adits and scrapes were assayed.
Highlights:
. Of the total of 77 rock chip and grab samples, the samples averaged, 2.42 g/t Au, 76.2 g/t Ag, 0.38% Cu,
1.06% Pb, 1.33% Zn.
. The highest-grade gold sample assayed 33.9 g/t Au, 183 g/t Ag, 0.9% Cu, 1.81% Pb, 1.66% Zn from an
unnamed surface scrape on a patented claim.
. Twelve samples returned grades > 5 g/t Au, and averaged 10.34 g/t Au, 200.8 g/t Ag, 0.20% Cu, 2.96% Pb,
1.30% Zn.
Samples were taken from outcrops and subcrops in old workings where possible, and from the dumps in front of the
workings. (Fig. 1; 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 samples have so far been taken from the surface mineralization
within the Hamburg Dolomite above the underground workings of the historic Diamond Mine, as well as nearby smaller
mines, including the Williams Mine, where historic production recorded an average grade of 3.9 oz Au, 28.56 oz Ag and
1.51 % Lead (Source: The Eureka Mining District, Nolan 1962).
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 soil sampling data contained within the press release of 18 October 2023, and
geophysics, to help determine near surface drill targets on the Property.
Figure 1: Plan showing location of surface rock samples in relation to underground workings and geology.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9875/196320_northpeakimage1.jpg
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 news 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
The TSXV has in no way passed upon the merits of the transactions described herein and has neither approved nor
disapproved the contents of this news release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This news release includes certain "forward-looking
statements" under applicable Canadian securities legislation. Forward-Looking statements include, but are not limited
to, statements with respect to the ability of the parties to complete the transactions described herein, estimates of
mineralization from drilling, sampling and geophysical surveys, geological information projected from 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, 2022 and the quarter ended September 30, 2023,
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.
===
(MORE TO FOLLOW) Dow Jones Newswires
January 31, 2024 07:00 ET (12:00 GMT)
===
===
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/196320 Click on, or paste the following link into your web browser,to view the associated documents http:// www.newsfilecorp.com/release/196320 News Source: Newsfile
-----------------------------------------------------------------------------------------------------------------------
2024-01-31 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
-----------------------------------------------------------------------------------------------------------------------
===
Canada
End of News EQS News Service
===
1827271 2024-01-31 CET/CEST
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END) Dow Jones Newswires
January 31, 2024 07:00 ET (12:00 GMT)
===
EQS-News: North Peak Resources Ltd. / Key word(s): Miscellaneous
North Peak Announces Results of Dump Sampling Program on Prospect Mountain, Eureka, Nevada
2024-01-31 / 13:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Calgary, Alberta--(Newsfile Corp. - January 31, 2024) - North Peak Resources Ltd. (TSXV: NPR) (the "Company" or "North
Peak") announces results from the first phase of sampling of surface workings on its Prospect Mountain property in
Eureka, Nevada (the "Property"). As part of a surface mapping project, some of the dumps, numerous surface shafts,
adits and scrapes were assayed.
Highlights:
. Of the total of 77 rock chip and grab samples, the samples averaged, 2.42 g/t Au, 76.2 g/t Ag, 0.38% Cu,
1.06% Pb, 1.33% Zn.
. The highest-grade gold sample assayed 33.9 g/t Au, 183 g/t Ag, 0.9% Cu, 1.81% Pb, 1.66% Zn from an
unnamed surface scrape on a patented claim.
. Twelve samples returned grades > 5 g/t Au, and averaged 10.34 g/t Au, 200.8 g/t Ag, 0.20% Cu, 2.96% Pb,
1.30% Zn.
Samples were taken from outcrops and subcrops in old workings where possible, and from the dumps in front of the
workings. (Fig. 1; 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 samples have so far been taken from the surface mineralization
within the Hamburg Dolomite above the underground workings of the historic Diamond Mine, as well as nearby smaller
mines, including the Williams Mine, where historic production recorded an average grade of 3.9 oz Au, 28.56 oz Ag and
1.51 % Lead (Source: The Eureka Mining District, Nolan 1962).
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 soil sampling data contained within the press release of 18 October 2023, and
geophysics, to help determine near surface drill targets on the Property.
Figure 1: Plan showing location of surface rock samples in relation to underground workings and geology.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9875/196320_northpeakimage1.jpg
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 news 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
The TSXV has in no way passed upon the merits of the transactions described herein and has neither approved nor
disapproved the contents of this news release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This news release includes certain "forward-looking
statements" under applicable Canadian securities legislation. Forward-Looking statements include, but are not limited
to, statements with respect to the ability of the parties to complete the transactions described herein, estimates of
mineralization from drilling, sampling and geophysical surveys, geological information projected from 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, 2022 and the quarter ended September 30, 2023,
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 164872.8 8524203 Grab Dump 33.90 183 0.90 1.81 1.66 164663 8523648 Grab Dump 16.75 243 0.05 3.17 2.26 164626.5 8523696 Grab Dump 10.20 580 0.03 11.70 0.57
===
(MORE TO FOLLOW) Dow Jones Newswires
January 31, 2024 07:00 ET (12:00 GMT)
===
164533.2 8523553 Chip Subcrop 6.99 125 0.01 1.60 0.16 164853.1 8524322 Grab Dump 6.92 118 0.04 1.16 1.38 164878.8 8523644 Grab Dump 6.42 105 0.12 1.24 1.42 164873.9 8524182 Grab Dump 6.06 86.1 0.30 0.68 0.69 164551.6 8523997 Grab Dump 6.00 229 0.25 0.49 1.37 164845.7 8524377 Grab Dump 5.67 293 0.24 3.74 1.12 164655.7 8523688 Grab Dump 5.58 160 0.04 5.02 0.65 164786.7 8523693 Grab Dump 5.13 270 0.25 3.74 2.47 164673.9 8523812 Chip Subcrop 4.30 145 0.03 1.21 0.82 164662.2 8523128 Grab Dump 3.78 56.8 0.29 0.60 1.31 164483.9 8523960 Grab Dump 3.16 33.5 0.12 1.73 0.96 164746.9 8523102 Grab Dump 2.75 133 0.16 0.66 0.74 164678.8 8523976 Grab Dump 2.63 70.5 0.15 1.33 2.04 164610.1 8523175 Grab Dump 2.42 76.6 0.32 0.19 1.71 164646.5 8523451 Grab Dump 1.74 98 0.02 1.27 0.42 164833.8 8523223 Grab Dump 1.62 23.4 0.70 0.72 2.80 164846.2 8524420 Chip Outcrop 1.49 53.7 0.06 0.56 1.06 164834.1 8524144 Grab Dump 1.20 61.5 0.42 0.34 1.33 164839.4 8524080 Grab Dump 1.17 358 0.15 1.06 1.45 164748.5 8523190 Grab Dump 1.09 41.2 0.12 0.52 0.98 164671.7 8523413 Grab Dump 1.03 49.7 0.64 6.16 0.89 164816.2 8524256 Grab Dump 0.96 96.9 0.20 2.58 2.01 164636.7 8523572 Chip Vein 0.94 121 0.99 0.66 1.63 164831.5 8524072 Grab Dump 0.92 98.7 0.43 1.79 1.64 164721.6 8523886 Grab Dump 0.90 448 0.33 0.87 2.08 164534.3 8523164 Grab Dump 0.84 27.6 0.31 0.38 1.19 164736.9 8523212 Grab Dump 0.79 89 0.29 0.80 1.11 164798.6 8523985 Grab Dump 0.62 44.6 0.04 0.73 0.76 164556.1 8523211 Grab Dump 0.54 15.6 0.07 0.20 1.63 164652.5 8524031 Grab Dump 0.51 51.4 0.04 1.05 1.50 164862.9 8524234 Grab Dump 0.49 11.8 0.30 0.66 2.01 164652.9 8523313 Chip Subcrop 0.48 14.05 0.27 1.02 3.21 164647.1 8523135 Grab Dump 0.47 5.55 0.52 0.03 1.85 164567.8 8523248 Grab Dump 0.44 6.18 0.11 0.13 1.42 164568.8 8523188 Grab Dump 0.44 36.9 0.25 0.48 0.90 164827.1 8524011 Grab Dump 0.39 83.3 0.04 0.19 1.34 164703.5 8523129 Grab Dump 0.38 9.53 0.29 0.22 1.37 164783.6 8522983 Grab Dump 0.38 156 0.15 1.50 0.79 164857.6 8524088 Grab Dump 0.38 71.2 0.08 0.61 1.08 164762 8523218 Chip Subcrop 0.35 11.95 0.45 0.80 1.75 165070.9 8525140 Chip Subcrop 0.23 6.19 0.07 1.36 1.15 164628.1 8523134 Grab Dump 0.22 5.21 0.26 0.05 1.64 165017.6 8524229 Grab Dump 0.19 53.6 1.00 0.73 1.58 164653.9 8523436 Grab Dump 0.16 6.36 0.16 0.85 8.12 164992.3 8523744 Grab Dump 0.11 10.75 0.15 0.12 1.73 164742.2 8523157 Grab Dump 0.09 7.07 0.21 0.27 1.36 164894.8 8523929 Chip Subcrop 0.06 47.6 0.20 1.29 1.56 164729.9 8523649 Chip Subcrop 0.06 8.4 0.55 0.65 2.79 165014 8523749 Chip Subcrop 0.01 56.1 0.01 0.72 0.07
===
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/196320 Click on, or paste the following link into your web browser,to view the associated documents http:// www.newsfilecorp.com/release/196320 News Source: Newsfile
-----------------------------------------------------------------------------------------------------------------------
2024-01-31 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.
Canada
ISIN: CA6614441096 EQS News ID: 1827271
End of News EQS News Service
===
1827271 2024-01-31 CET/CEST
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END) Dow Jones Newswires
January 31, 2024 07:00 ET (12:00 GMT)
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
NORTH PEAK RESOURCES LTD. | A2P71W | Frankfurt | 0,650 | 05.07.24 16:18:47 | -0,005 | -0,76% | 0,000 | 0,000 | 0,650 | 0,650 |
