North Peak to Investigate Economic Potential of Historic Dumps at Prospect Mountain Mine Complex

Core Viewpoint - North Peak Resources Ltd. is investigating the economic potential of historic dumps at the Prospect Mountain Mine complex, which may provide a revenue stream to offset future exploration expenses [1][4]. Group 1: Economic Potential - The main dump at the Prospect Mountain Mine is estimated to contain between 210,000-230,000 metric tons of material, with gold recoveries between 75-85% based on historical investigations [2][4]. - The average feed grades from historical reports range from 0.76 g/t Au and 27.5 g/t Ag to 3.19 g/t Au and 34.46 g/t Ag [2]. Group 2: Exploration Plans - An aircore drill program will be initiated to characterize the grade distribution across the dump, expected to start in mid-September [3]. - A composite bulk sample will be sent for metallurgical test work, including column leach testing, to investigate the dumps' potential for toll leach treatment offsite [3]. Group 3: Company Background - North Peak is a Canadian gold exploration and development company, with its flagship property being the Prospect Mountain Mine complex located in the Southern Eureka Gold Belt [10][11]. - The company has a Plan of Operations in place that allows for surface exploration and underground mining of up to 365,000 tons per annum [12].