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North Peak to Investigate Economic Potential of Historic Dumps at Prospect Mountain Mine Complex
Calgary, Alberta--(Newsfile Corp. - August 18, 2025) - North Peak Resources Ltd. (TSXV: NPR) (O...
About this update from North Peak Resources Ltd
[{"type":"text","content":"North Peak to Investigate Economic Potential of Historic Dumps at Prospect Mountain Mine ComplexCalgary, Alberta--(Newsfile Corp. - August 18, 2025) - North Peak Resources Ltd. (TSXV: NPR) (OTCQB: NPRLF) (the \"Company\" or \"North Peak\") announces that it has begun investigations into the economic potential of the historic dumps within the Plan of Operations (PoO) of the Prospect Mountain Mine complex (the \"Property\").The main dump, which sits in front of the main Diamond tunnel portal entrance is estimated to contain between 210,000-230,000 mt of material. Historical investigations from 2008 & 2010 included volume assessments, agitated leach and bulk density test work, have indicated that the material is fully oxidized and readily leachable with gold recoveries between 75-85%. Composite metallurgical samples from the various reports had feed grades averaging from a low of 0.76 g/t Au, 27.5 /t Ag to a high of 3.19 g/t, 34.46 g/t Ag (see the Company's Technical Report (described below) at pp. 42-44). The potential quantity and grade of the dump is conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. North Peak will be initiating an aircore drill program on the dump to better characterize the grade distribution across the dump, which is expected to start in mid-September. A composite bulk sample will be sent to McLelland laboratories for metallurgical test work including column leach testing to allow a fuller investigation of the potential of the dumps for toll leach treatment offsite, which will take several months. \"The Diamond Tunnel dump represents a potentially valuable asset to the Company, particularly given the current gold prices. If the test work is successful, and other key elements are in place, it could give the Company a revenue stream to offset future exploration expenses whilst the Company follows up on the excellent drill results from the 2024 drilling campaign and continues to explore and expand the potential of Prospect Mountain\", commented Rupert Williams, CEO. East Side of Prospect Mountain: Main Diamond Mine portal entrance and dumpsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9875/262826_6212883c2421e...