Business
North Peak Announces Drill Mobilization to Prospect Mountain and Results from Sampling Campaign on High Grade Historic Mines
Calgary, Alberta--(Newsfile Corp. - June 27, 2024) - North Peak Resources Ltd. (TSXV: NPR) (the...
About this update from North Peak Resources Ltd
[{"type":"text","content":"North Peak Announces Drill Mobilization to Prospect Mountain and Results from Sampling Campaign on High Grade Historic MinesCalgary, 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 deter...