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North Peak Reports Early Holes from the Prospect Mountain North Drill Program Return Surprising Widths; Hole PM24-004 Intersects 1.06 g/t Au over 415ft (126.5m) from Surface; Hole PM24-006 Returns 70ft (21.3m) of 2.03 g/t Au from 5ft Down
Calgary, Alberta--(Newsfile Corp. - August 14, 2024) - North Peak Resources Ltd. (TSXV: NPR) (t...
About this update from North Peak Resources Ltd
[{"type":"text","content":"North Peak Reports Early Holes from the Prospect Mountain North Drill Program Return Surprising Widths; Hole PM24-004 Intersects 1.06 g/t Au over 415ft (126.5m) from Surface; Hole PM24-006 Returns 70ft (21.3m) of 2.03 g/t Au from 5ft DownCalgary, Alberta--(Newsfile Corp. - August 14, 2024) - North Peak Resources Ltd. (TSXV: NPR) (the \"Company\" or \"North Peak\") is pleased to announce first assay results from the ongoing drilling at the Prospect Mountain North area of its Prospect Mountain Property (the \"Property\") in Eureka, Nevada. The Company is announcing results from the first ten (10) holes of the 2024 Reverse Circulation (RC) drill program, with seven (7) holes from the Wabash/Williams/Silver Connor historical mine areas on the west side of the Property ridge and three (3) holes from the Industry tunnel area on the east side of the Property ridge (see Figure 1 below). HighlightsPM24-004 opened up potential for mineralization throughout the Wabash and Williams historical drilling area, as it was almost completely mineralized, intersecting 415ft (126.49m) @ 1.06 g/t Au, 12.3 g/t Ag from 0ft, which included 40ft (12.19m) @ 4.20 g/t Au, 71 g/t Ag from 0ft, linking the Wabash and Williams areas (see Figure 2 below).Within this broad area, numerous, strong gossan zones with good gold grades were intersected. Results include:15ft (4.57m) @ 3.88 g/t Au, 56.2 g/t Ag from 5ft (1.52m) in PM24-005, near the Silver Connor shaft;70ft (21.34m) @ 2.03 g/t Au, 38.3 g/t Ag from 5ft (1.52m) in PM24-006, near the Silver Connor shaft;20ft (6.1m) @ 3.54 g/t Au, 23.7 g/t Ag from 200ft (60.96m) in PM24-007, extending from the Silver Connor shaft through the Wabash area; and15ft (4.57m) @ 1.77 g/t Au, 19.4 g/t Ag in PM24-010, near the historic Williams mine entrance.Holes PM24-004 and PM24-007 suggest that the new interpretation of steeply-dipping mineralized zones along fault structures that were conduits for the gold fluids, is correct. The biggest historical mine in the Wabash area appears to be down-dip of the new drilling - with a 755ft gap between where no drilling has taken place. The historical holes were drilled vertically and were not suitable for finding sub-vertical mineralization (see Figure 3 below).\"Though a small program, drill hole results received so far have augmented the assumptions held by our geologists on widths and co...