North Peak Receives Permission to Expand Exploration Zone; New Area in Prospect Mountain East to Be Drilled Targeting Previous Homestake Hole
North Peak Resources (TSXV: NPR) has received approval from the Bureau of Land Management to expand its exploration zone at the Prospect Mountain property in Eureka, Nevada. The modified Plan of Operations results in a 642% increase in the surface exploration area, now covering 189.9 acres including the main mountain ridge and the more accessible east side.
The company plans to begin drilling at Prospect Mountain East, targeting a historic Homestake hole with significant gold mineralization. This area shows potential for 'hidden' Carlin style mineralization beneath overthrust barren rocks. The Dunderberg shale Hamburg dolomite contact, important for localizing CRD and Carlin style mineralization, is present in this area, similar to the Ruby Deeps area within i-80's Ruby Hill property located 6km away.
North Peak Resources (TSXV: NPR) ha ricevuto l'approvazione dal Bureau of Land Management per espandere la sua zona di esplorazione presso la proprietà di Prospect Mountain a Eureka, Nevada. Il piano modificato delle operazioni comporta un aumento del 642% nell'area di esplorazione superficiale, che ora copre 189,9 acri, inclusa la cresta principale della montagna e il lato est più accessibile.
La società prevede di iniziare le perforazioni a Prospect Mountain East, prendendo di mira un buco storico di Homestake con significativa mineralizzazione in oro. Quest'area mostra potenziale per mineralizzazione 'nascosta' in stile Carlin sotto rocce barren overthrust. Il contatto tra l'argilla Dunderberg e il dolomite di Amburgo, importante per localizzare la mineralizzazione CRD e in stile Carlin, è presente in questa zona, simile all'area di Ruby Deeps all'interno della proprietà Ruby Hill di i-80, situata a 6 km di distanza.
North Peak Resources (TSXV: NPR) ha recibido la aprobación de la Oficina de Administración de Tierras para expandir su zona de exploración en la propiedad de Prospect Mountain en Eureka, Nevada. El Plan de Operaciones modificado resulta en un incremento del 642% en el área de exploración superficial, que ahora abarca 189,9 acres, incluyendo la cresta principal de la montaña y el lado este más accesible.
La compañía planea comenzar la perforación en Prospect Mountain East, apuntando a un pozo histórico de Homestake con significativa mineralización de oro. Esta área muestra potencial para mineralización 'oculta' de estilo Carlin bajo rocas barren overthrust. El contacto entre la arcilla Dunderberg y el dolomita Hamburgo, importante para localizar la mineralización CRD y de estilo Carlin, está presente en esta área, similar a la zona de Ruby Deeps dentro de la propiedad Ruby Hill de i-80, que se encuentra a 6 km de distancia.
North Peak Resources (TSXV: NPR)는 네바다주 유레카에 있는 Prospect Mountain 부지에서 탐사 구역을 확장하는 것에 대해 토지 관리국의 승인을 받았습니다. 수정된 운영 계획은 표면 탐사 구역을 642% 증가시키는 결과를 낳아, 이제 주요 산맥과 보다 접근 가능한 동쪽 면을 포함하여 189.9 에이커를 커버합니다.
회사는 Prospect Mountain East에서 시추 작업을 시작할 계획으로, 상당한 금 광물이 포함된 역사적인 Homestake 홀을 목표로 하고 있습니다. 이 지역은 과거의 메스 하해와 같은 무의미한 암석 아래에 '숨겨진' 칼린 스타일의 광물화 가능성을 보입니다. CRD 및 칼린 스타일 광물화를 지역화하는 데 중요한 Dunderberg 셰일과 함부르크 산의 접촉이 이 지역에 존재하며, 이는 i-80의 루비 힐 부지에 있는 루비 딥스 지역과 유사합니다.
North Peak Resources (TSXV: NPR) a reçu l'approbation du Bureau de la gestion des terres pour étendre sa zone d'exploration sur la propriété de Prospect Mountain à Eureka, Nevada. Le plan d'opération modifié entraîne une augmentation de 642% de la surface d'exploration, qui s'étend désormais sur 189,9 acres, y compris la crête principale de la montagne et le côté est plus accessible.
La société prévoit de commencer les forages à Prospect Mountain East, ciblant un trou historique de Homestake avec une minéralisation significative en or. Cette zone montre un potentiel pour une minéralisation 'cachée' de style Carlin sous des roches stériles en surplomb. Le contact entre le schiste Dunderberg et le dolomite de Hambourg, important pour localiser la minéralisation CRD et de style Carlin, est présent dans cette zone, similaire à la zone des Ruby Deeps au sein de la propriété Ruby Hill d'i-80 située à 6 km de là.
North Peak Resources (TSXV: NPR) hat die Genehmigung des Bureau of Land Management erhalten, um seine Erkundungszone zu erweitern im Prospect Mountain-Projekt in Eureka, Nevada. Der modifizierte Betriebsplan führt zu einer 642%igen Erhöhung der Erkundungsfläche, die jetzt 189,9 Acres umfasst, einschließlich des Hauptgebirges und der zugänglicheren Ostseite.
Das Unternehmen plant, mit den Bohrungen im Prospect Mountain East zu beginnen und zielt auf ein historisches Homestake-Bohrloch mit signifikanter Goldmineralisierung. Dieses Gebiet zeigt Potenzial für 'versteckte' Carlin-ähnliche Mineralisierung unter überlagerten, unfruchtbaren Gesteinen. Der Kontakt zwischen Dunderberg-Schiefer und Hamburg-Dolomit, wichtig für die Lokalisierung von CRD und Carlin-ähnlicher Mineralisierung, ist in diesem Gebiet vorhanden, ähnlich wie im Ruby-Deeps-Gebiet innerhalb der Ruby-Hill-Eigentum von i-80, das sich 6 km entfernt befindet.
- 642% increase in surface exploration area to 189.9 acres
- Expansion covers main mountain ridge and more accessible east side
- Drilling to target historic Homestake hole with significant gold mineralization
- Potential for 'hidden' Carlin style mineralization in previously non-prospective area
- None.
Calgary, Alberta--(Newsfile Corp. - October 8, 2024) - North Peak Resources Ltd. (TSXV: NPR) (the "Company" or "North Peak") is pleased to announce that the Bureau of Land Management (United States Department of the Interior) has approved the Company's application to modify the Plan of Operations (PoO) at its Prospect Mountain property at Eureka, Nevada (the "Property"), resulting in a
"This extension of the permitted surface exploration area allows drilling for gold mineralization across a wider area of the Property than the original Plan of Operations exploration area covered," commented Brian Hinchcliffe, CEO. "Drilling at Prospect Mountain East targeting the historic Homestake hole and its mineralization intervals is expected to begin shortly, as the four remaining holes being drilled in the Wabash zone should be finished this week."
The Company will now move its focus on following up on the Prospect Mountain East area, which is at the foot of the east side of the mountain and where there is a historic Homestake hole intersection, where potential Carlin style mineralization was intersected. This isolated historical Homestake hole identified significant gold mineralization at this contact beneath overthrust barren rocks and opens up the potential along the eastern portion of the Property for "hidden" mineralization that doesn't outcrop, in an area previously thought as non-prospective. The Dunderberg shale Hamburg dolomite contact is important for localising CRD and Carlin style mineralization throughout the district and this is the same contact that is found at the Ruby Deeps area, just 6km away within i-80's Ruby Hill property.
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Review by Qualified Person
Mr. Mike Sutton, P.Geo., a director of the Company, is the Qualified Person, as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, who reviewed and approved scientific and technical disclosure in this press release. The Qualified Person has not reviewed the mineral tenure, nor independently verified the legal status and ownership of the Property or any underlying property agreements.
About Prospect Mountain
The Property lies in the Battle Mountain Eureka trend, in an area known as the Southern Eureka Gold Belt, where three styles of mineralization have been identified, gold, silver Carlin style mineralization, Carbonate Replacement gold, silver, lead, zinc mineralization (CRD) and carbonate hosted Porphyry Related Skarn lead, zinc and gold mineralization associated with cretaceous intrusions. At the Property, the CRD mineralization is heavily oxidized to depths of at least 610m (2,000ft) below the top of the ridge line.
A Plan of Operations is in place which covers part of the Property and entitles an operator to pursue surface exploration, underground mining of up to 365,000 tons per annum and certain infrastructural works. It includes a permit to extract water from a well and to build water containment facilities.
A more complete description of Prospect Mountain's geology and mineralization, including at the Wabash area, can be found in the NI 43-101 Technical Report (the "Technical Report") on the Prospect Mountain Property, Eureka County, Nevada, USA dated and with an effective date April 10, 2023, prepared by David Pym (Msc), CGeol. of LTI Advisory Ltd. and Dr Toby Strauss, CGeol, EurGeol., of Merlyn Consulting Ltd., which has been filed on SEDAR+ at www.sedarplus.ca under the profile of the Company and on the Company's website.
About North Peak
The Company is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol "NPR". The Company is focused on acquiring historical sites, with low cost producing gold and other metals properties, with near term production potential and 8+ year mine life in the northern hemisphere.
The Company has acquired an initial
The Company can give no assurances at this time that its properties and interests will fulfil the Company's business development goals described herein. Trading in the securities of the Company should be considered highly speculative.
For further information, please contact:
Brian Hinchcliffe, CEO
Phone: +1-647-424-2305
Email: info@northpeakresources.com
Website: www.northpeakresources.com
Chelsea Hayes, Director
Phone: +1-647-424-2305
Email: info@northpeakresources.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This press release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-Looking statements include, but are not limited to, timing and completion of any drilling and work programs on the Property, estimates of mineralization from drilling, sampling and geophysical surveys, geological information projected from drilling and sampling results and the potential quantities and grades of the target zones, the potential for minerals and/or mineral resources and reserves, and statements regarding the plans, intentions, beliefs, and current expectations of the Property and the Company that may be described herein. Forward-Looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, accuracy of assay results, geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services, future operating costs, and the historical basis for current estimates of potential quantities and grades of target zones, as well as those risk factors discussed or referred to in the Company's Management's Discussion and Analysis for the year ended December 31, 2023 and the quarter ended June 30, 2024, available at www.sedarplus.ca, many of which are beyond the control of the Company. Forward-Looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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FAQ
What is the new exploration area size for North Peak Resources (TSXV: NPR) at Prospect Mountain?
Where will North Peak Resources (TSXV: NPR) focus its drilling efforts at Prospect Mountain?
What type of mineralization is North Peak Resources (TSXV: NPR) targeting at Prospect Mountain East?
What geological feature at Prospect Mountain is similar to i-80's Ruby Hill property?
