Core Viewpoint - North Peak Resources Ltd. has announced positive assay results from an aircore drill program on the waste rock pile at its Prospect Mountain Mine complex, indicating mineralization and potential for further exploration and metallurgical testing [1][4]. Summary by Sections Drill Program and Results - The company conducted an 11-hole aircore drill program to characterize the grade distribution of the waste rock pile, which contains approximately 240,000 short tons of material [2]. - The best assay result reported was 2.34 g/t Au and 68 g/t Ag from hole PM25-001S at a depth of 0-5ft, with weighted average values for each hole ranging from 1.28 g/t Au and 34 g/t Ag over 10ft in PM25-007S to 0.24 g/t Au and 18.8 g/t Ag over 20ft in PM25-002S [3][5]. Future Plans and Objectives - The company plans to continue metallurgical test work on the bulk sample from the recent drilling, including bottle rolls and column leach tests to evaluate the material's suitability for toll leaching with third-party operators [4]. - The main objective remains to identify economic quantities of gold mineralization within the Prospect Mountain Property, with a completed 2025 exploration drilling program consisting of 14 holes totaling 4,194m [4]. Property and Geological Context - The Prospect Mountain Mine complex is located in the Southern Eureka Gold Belt, where three styles of mineralization have been identified: Carlin style, Carbonate Replacement, and Porphyry Related Skarn [11]. - A Plan of Operations allows for surface exploration and underground mining of up to 365,000 tons per annum, with a detailed geological description available in the NI 43-101 Technical Report [12].
North Peak Confirms Historic Waste Rock Pile Mineralisation with Sonic Drilling and Completion of 2025 Reverse Circulation Exploration Drilling Program at Prospect Mountain, Nevada