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North Peak's Hole #22 Intersects Good Width and Grade Next to Historic Chicago Mine, 56.4 g/t Au over 1.5m (5ft) within 23.1 g/t Au over 6.1m (20ft) included in 7.0 g/t Au over 27.4m (90ft) from Surface; Hole #21 Returns 1.49 g/t Au over 53.4m (175ft) from Surface
Calgary, Alberta--(Newsfile Corp. - September 4, 2024) - North Peak Resources Ltd. (TSXV: NPR) ...
About this update from North Peak Resources Ltd
[{"type":"text","content":"North Peak's Hole #22 Intersects Good Width and Grade Next to Historic Chicago Mine, 56.4 g/t Au over 1.5m (5ft) within 23.1 g/t Au over 6.1m (20ft) included in 7.0 g/t Au over 27.4m (90ft) from Surface; Hole #21 Returns 1.49 g/t Au over 53.4m (175ft) from SurfaceCalgary, Alberta--(Newsfile Corp. - September 4, 2024) - North Peak Resources Ltd. (TSXV: NPR) (the \"Company\" or \"North Peak\") announces assay results from holes 18-22 of the recently completed 27-hole surface drilling program from the Prospect Mountain North area within its Prospect Mountain Property (the \"Property\") in Eureka, Nevada. These holes targeted the historic Wabash, Williams and Chicago mine areas (see Figures 1 and 2 below) and strategically followed up on drilling results of the 94-hole program carried out in 1998/1999 by European American Resources (EPAR).\"This 2-ounce gold interval in PM24-022 is located alongside a haulage way of the historic Chicago Mine and sitting as it does inside a 90-foot-wide interval of quarter ounce gold from surface supports the Company strategy of seeking gold where it was previously mined,\" said Brian Hinchcliffe, Company CEO. \"This drilling program at Prospect Mountain North only started in July, so it is still early days, but exciting to be in a gold mining area drilled only once before in 1999, and not mined since 1920 when gold was US$20 an ounce.\"HighlightsPM24-022 intersected 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.PM24-021 intersected 53.35m (175ft) @ 1.49 g/t Au (with a 3.0m void @ 0 g/t Au) from surface including 3.0m (10ft) @ 12.8 g/t Au. PM24-020 intersected 7.62m (25ft) @ 2.08 g/t Au from surface, and 22.86m (75ft) @ 0.49 g/t Au from 19.8m (65ft). This hole targeted higher grades at the SW end of the Williams mine trend and suggests there is potential thickness of mineralization in the direction of the hole.See Tables 1 and 2 below set out full results and information for these 5 holes of the 2024 Reverse Circulation (RC) drill program at Prospect Mountain North. Wabash/Williams/Chicago Area - Three (3) holes are reported and discussed here from the 20 holes drilled to date in this west side area. The voids caused by mineralizing fluids has restricted the drilling to five main dri...