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North Peak Intersects 85.7 g/t Au over 3.0m (10ft) within 12.0 g/t Au over 22.9m (75ft) on a New Western Trend to Wabash
Calgary, Alberta--(Newsfile Corp. - November 12, 2024) - North Peak Resources Ltd. (TSXV: NPR) ...
About this update from North Peak Resources Ltd
[{"type":"text","content":"North Peak Intersects 85.7 g/t Au over 3.0m (10ft) within 12.0 g/t Au over 22.9m (75ft) on a New Western Trend to WabashCalgary, Alberta--(Newsfile Corp. - November 12, 2024) - North Peak Resources Ltd. (TSXV: NPR) (the \"Company\" or \"North Peak\") announces assay results from holes PM24-036 to PM24-039 of the recently completed Phase 2, 15-hole surface drilling program from the Prospect Mountain North area within its Prospect Mountain Property (the \"Property\") in Eureka, Nevada.HighlightsPM24-039 intersected 22.9m (75ft) @ 12.0 g/t Au (with 6.1m voids @ 0 g/t Au), including 3.0m (10ft) @ 85.7 g/t Au; this hole targeted historical mining approximately 35m (115ft) northwest of previous drilling. PM24-039 ended in mineralization on a new western trend.\"Grade was king when the various Wabash area gold mines operated and the intersections at PM24-039 along with PM24-022 demonstrate these bonanza grades that the area is known for, are still there,\" said Brian Hinchcliffe, Company CEO. \"Importantly, this intersection was on a new western trend, demonstrating the potential of this area for continued expansion.\"This second phase of the drilling program at Prospect Mountain North was designed to follow up on earlier successful drilling, that had returned such intersections as hole PM24-022 at 27.4m (90ft) @ 7.0 g/t Au (with a 1.5m void @ 0 g/t Au) from surface, including 6.1m (20ft) @ 23.1 g/t Au which includes 1.5m (5ft) @ 56.4 g/t Au & 161.0 g/t Ag, and PM24-004 which intersected from surface 126.5m (415ft) @ 1.06 g/t Au which included 12.19m (40ft) @ 4.20 g/t Au (see the Company's August 14, 2024 press release). Previous drilling includes 27 RC drill holes by North Peak and 94 RC drill holes carried out in 1998/1999 by European American Resources (EPAR).Four of these phase 2 holes targeted the workings in the historic Wabash mine area northwest of any previous drilling (see Figures 1 and 2 below), with spectacular results in PM24-039 near mineralized veins in the Wabash tunnel. Another hole PM24-036 intersected 7.6m (25ft) @ 0.8 g/t Au, which sits 26m (85ft) west of the PM24-039 intersection indicating the trend continues to the southwest. This is reinforced by a set of rock chips at surface to the southwest averaging over 3 g/t Au (see Figure 1). PM24-038 was not drilled deep enough to test the down dip extensions of PM24...