DJ EQS-News: North Peak Announces Drill Mobilization to Prospect Mountain and Results from Sampling Campaign on High Grade Historic Mines

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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
2024-06-27 / 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.

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:
https://images.newsfilecorp.com/files/9875/214575_c43c28147415fab7_002full.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 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 

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(MORE TO FOLLOW) Dow Jones Newswires

June 27, 2024 07:31 ET (11:31 GMT)

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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 

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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.

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2024-06-27 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

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Language:     English 
Company:      North Peak Resources Ltd. 

Germany

ISIN:         CA6614441096 
EQS News ID:  1934881 

End of News EQS News Service
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1934881 2024-06-27 CET/CEST

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END) Dow Jones Newswires

June 27, 2024 07:31 ET (11:31 GMT)