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31.01.2024 13:01:03 - dpa-AFX: EQS-News: North Peak Announces Results of Dump Sampling Program on Prospect Mountain, Eureka, Nevada (english)
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
31.01.2024 / 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:
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.
Cannot view this image? Visit:
https://images.newsfilecorp.com/files/9875/196320_northpeakimage1_550.jpg
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.
Corporate Logo
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
---------------------------------------------------------------------------
31.01.2024 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
---------------------------------------------------------------------------
1827271 31.01.2024 CET/CEST
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
31.01.2024 / 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.
Cannot view this image? Visit:
https://images.newsfilecorp.com/files/9875/196320_northpeakimage1_550.jpg
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
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
Corporate Logo
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
---------------------------------------------------------------------------
31.01.2024 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.
Canada ISIN: CA6614441096 EQS News ID: 1827271
End of News EQS News Service
---------------------------------------------------------------------------
1827271 31.01.2024 CET/CEST
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
NORTH PEAK RESOURCES LTD. | A2P71W | Frankfurt | 0,540 | 12.07.24 08:10:46 | -0,075 | -12,20% | 0,540 | 0,595 | 0,540 | 0,615 |
