Drilling at North Peak's Industry Targets Underway. Follow-up Channel Sampling at Dean Cave Complex Stopes Yielded Further High-Grade Gold up to 90.4 g/t

Core Insights - North Peak Resources Ltd. has commenced drilling at the Industry tunnel target area, completing nearly 1,000 feet in the Wabash/Williams area and obtaining further results from the Dean Cave complex at their Prospect Mountain property in Eureka, Nevada [1][4] Drilling and Sampling Results - Drilling at the Industry target is focused on a 10,000 m² area with a soil anomaly of >0.1 g/t Au, located in the Eldorado dolomite between the Eureka and Industry tunnel systems [2] - Grab samples from the Industry tunnels have shown high values, with results up to 22.8 g/t Au and 87 g/t Ag, although these samples are selective and not indicative of the area's overall economic potential [2] - Historical production records from the Industry tunnel (1873-1888) indicate valuable ores, with a gold equivalence value of 3.83 oz/short ton based on 1888 prices [2] Dean Cave Complex Insights - Channel sampling across the Dean Cave complex has yielded high-grade results, particularly in the eastern area, which is identified as a high-priority zone for oxide ore [3] - Notable assay results include 90.4 g/t Au and 660 g/t Ag over 0.6m, indicating significant mineralization potential [5] - The Dean Cave complex has a history of high-grade production, with average historical grades of 0.229 oz/t (7.8 g/t) Au and 5.83 oz/t (200 g/t) Ag from previous mining activities [9] Geological Context - The Dean Cave area is characterized by a network of old stopes and is situated at the intersection of significant fault systems, which may enhance mineralization potential [3][11] - The property is located in the Southern Eureka Gold Belt, where various styles of mineralization have been identified, including gold, silver, and lead-zinc mineralization [19] Company Overview - North Peak Resources Ltd. is a Canadian gold exploration and development company listed on the TSX Venture Exchange and OTCQB, with a strong track record in acquiring mining assets and applying modern exploration techniques [22]