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North Peak Signs Definitive Agreement for Option to Acquire Black Horse Gold and Silver Property, White Pine, Nevada and Receives Conditional Acceptance from TSX Venture Exchange
North Peak Signs Definitive Agreement for Option to Acquire Black Horse Gold and Silver P...
About this update from North Peak Resources Ltd
[{"type":"text","content":"\n \n \n \n North Peak Signs Definitive Agreement for Option to Acquire Black Horse Gold and Silver Property, White Pine, Nevada and Receives Conditional Acceptance from TSX Venture Exchange\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Dec. 6, 2021\n \n /CNW/ -\n \n North Peak Resources Ltd.\n \n (TSXV: NPR) (the \"\n \n Company\n \n \" or \"\n \n North Peak\n \n \")) announces it has signed a binding definitive agreement (the \"\n \n Agreement\n \n \") with Minex LLC (\"\n \n Minex\n \n \") dated\n \n December 6, 2021\n \n for the option (the \"\n \n Option\n \n \") to acquire the 2,733 acre Black Horse gold and silver property (the \"\n \n Property\n \n \") located 50 miles east of\n \n Ely\n \n within the Black Horse mining district in\n \n White Pine County Nevada\n \n (the \"\n \n Transaction\n \n \"). Similar to the history of other\n \n Nevada\n \n gold mining districts, the Black Horse area was mined for gold in the early 1900's and then intermittently in the post WW2 period. Minex acquired the 136 unpatented lode claims that constitute the Property beginning in 1998 and via drilling campaigns in 1998-1999 drilled 300 plus holes that identified a mineralization zone that appears to have a strike length of two miles with drilling generally at 100-foot centers. A historical resource of gold and silver for the Property was outlined in a\n \n November 2016\n \n technical report for Minex and is described below.\n \n \n \n \n \n \n \n \n \n \"Since mid-October, North Peak has organized a dynamic local team and sourced the drilling and other contractors for the proposed early 2022 work programs to confirm the low-cost gold potential of the Black Horse property, for the Company's shareholders,\" said\n \n Brian Hinchcliffe\n \n , Executive Chairman and CEO of the Company. \"Parallel to this exploration and operational push, will be the exciting opportunity of bringing modern exploration technology to a region where multiple mines have produced high grade gold at times over the last plus 100 years.\"...