North Peak Commences Drilling at Prospect Mountain Gold Property

Core Viewpoint - North Peak Resources Ltd. has initiated its Autumn drilling campaign at the Prospect Mountain Mine complex, located in the Eureka, Nevada mining camp, which has historically produced over 3.1 million ounces of gold [1][4]. Company Developments - The year 2025 has been characterized by consolidation efforts, focusing on achieving 100% ownership of the Property, enhancing geological understanding prior to drilling, and starting metallurgical test work on historical dumps [2]. - The initial drilling phase aims to explore new areas that have not been drilled before, providing critical information for a larger campaign planned for the following year [2]. Drilling Campaign Details - The drilling campaign will utilize a combination of RC (Reverse Circulation) and diamond drilling techniques across four main target areas: Williams/Wabash, Industry Tunnel, Dean Cave complex, and Lower PME [3]. Target Areas 1. Williams/Wabash: This area will test the extension of disseminated mineralization identified in previous drilling, with notable intersections such as 126.49 meters at 1.06 g/t Au and 12.3 g/t Ag [5]. 2. Industry Tunnel Area: Focused on the intersection of Silver Connor and Industry faults, this area has historical mining activity with grab samples assaying up to 20.5 g/t Au [5]. 3. Dean Cave Area: Underground sampling has revealed high-grade gold samples, with unmined stope samples grading up to 180 g/t Au and 998 g/t Ag [6]. 4. Lower PME Zone: This area targets downdip extents of the Hamburg Dolomite and Dunderberg Shale contact, with historical drilling intersecting 4.05 g/t Au and 16.34 g/t Ag over 10.6 meters [6][7]. Geological Context - The Prospect Mountain Mine complex is situated in the Southern Eureka Gold Belt, where three styles of mineralization have been identified: Carlin-style gold, Carbonate Replacement gold, and carbonate-hosted Porphyry Related Skarn mineralization [16]. - The CRD mineralization is heavily oxidized to depths of at least 610 meters below the ridge line [16]. Operational Framework - A Plan of Operations is in place, allowing for surface exploration and underground mining of up to 365,000 tons per annum [17]. - The company employs modern exploration techniques and has a strong track record in acquiring mining assets [15].