Calgary, Alberta--(Newsfile Corp. - July 8, 2026) - North Peak Resources Ltd. (TSXV: NPR) (OTCQB: NPRLF) (the "Company" or "North Peak") is pleased to announce that it has installed a water supply pump at its 100%-owned Prospect Mountain Mine Complex in Eureka County, Nevada (the "Property"), securing a reliable on-site source of water for its upcoming exploration drill program. The program will comprise both reverse circulation (RC) and diamond core drilling, with a key target being the previously identified 2 km sulphide anomaly.
Highlights
Water supply pump installed at the water well at the Property, bringing a reliable on-site source of water into service.
The water source operates under a water rights lease providing North Peak with a secure, dedicated supply.
The water rights lease provides that the Company can extract approximately 4 million gallons per year, with the right to materially increase the amount of water leased as required for future programs and development.
The upcoming exploration program will combine RC and diamond core drilling, and the secured water supply is most important for the more water-intensive diamond drilling and materially reduces reliance on trucking water from town.
To maximize value, the Company is evaluating RC pre-collars - completing the upper portion of holes utilizing the faster, lower-cost RC method before switching to diamond core through the target interval.
Additional geophysical analysis is underway to further refine drill targeting on the sulphide anomaly at the Property.
"Putting a reliable, on-site water supply in place is a major operational milestone," said Rupert Williams, Chief Executive Officer of North Peak. "By securing water under our lease and installing the pump to deliver it, we have removed a key hurdle to drilling the deep sulphide anomaly on the Property - and we have done so in a way that is more reliable and more cost-effective than trucking water from nearby Eureka. With our geophysical team simultaneously sharpening our targeting, we are positioning the Company to test the highest-priority part of this 2 km anomaly with confidence, as soon as conditions allow."
Prospect Mountain's geology makes drilling water-intensive in certain areas and for certain drilling methods, particularly diamond core drilling. The host rocks and historic workings may contain voids and cavities that can cause loss of drilling-fluid circulation, so water demand on the Property can increase during deeper drilling. In previous campaigns, water was trucked from the town supply on a round trip of approximately two hours and then hauled uphill to the drill sites.