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EQS-News: North Peak Resources Ltd. / Key word(s): Miscellaneous
North Peak Announces First Hole Drilled at Prospect Mountain North; CFO Transition
2024-07-02 / 13:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
Calgary, Alberta--(Newsfile Corp. - July 2, 2024) - North Peak Resources Ltd. (TSXV: NPR) (the "Company" or "North Peak
") announces that drilling is underway at its Prospect Mountain North area, with the first hole to be drilled now
completed. The roughly 10,000 foot r/c drill campaign is targeting former near surface, high grade gold mines in the
northern area of the Prospect Mountain Property (the "Property") in Eureka, Nevada. Drilling of some 20 holes (see
Figure 1) will take place from the Wabash/Williams mine area, Industry Tunnel, Duke and Delaware Madrid sites, with
holes ranging in depth from 300 to 700 feet.
"Required groundwork and drill mobilization allowed drilling at Industry Tunnel to start Friday with excellent
productivity continuing over the weekend," Brian Hinchcliffe, Chairman & CEO commented.
"The last comprehensive drilling program in 1999 of some 96 holes with 26,000 feet of vertical drilling took place in
the Wabash area where this program seeks to target gold mineralization and test a revised interpretation for the area."

Figure 1: Plan of historic Wabash drill collar locations and proposed drill holes in Prospect Mountain North
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9875/215202_dcb026e644a9c8b8_002full.jpg
In addition, the Company reports that Rob Suttie has stepped down as Chief Financial Officer, Corporate Secretary and
as a director, and Marrelli Services will conclude its financial administrative support effective July 31, 2024.
"On behalf of the Board, we would like to thank Rob Suttie and the team at Marrelli, who have provided invaluable
support to the Company in the important first stage of its development. I personally would like to thank Rob for his
commitment to the Company and wish him and his team all the best in the future", added Mr Hinchcliffe.
The Company announces the appointment of Andrew Dunlop to the position of Chief Financial Officer and Corporate
Secretary effective July 1, 2024. Mr. Dunlop is a finance and accounting professional with over ten years of experience
in the mining sector, focused primarily on assets in North and South America. He has also been appointed to the Audit
Committee of the Company.
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 has 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/215202
Click on, or paste the following link into your web browser,to view the associated documents http://
www.newsfilecorp.com/release/215202
News Source: North Peak Resources Ltd.
2024-07-02 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.

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Language:     English 
Company:      North Peak Resources Ltd. 

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ISIN:         CA6614441096 
EQS News ID:  1938051 

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1938051 2024-07-02 CET/CEST

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July 02, 2024 07:31 ET (11:31 GMT)