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North Peak Resources (OTCQB: NPRLF) has initiated investigations into the economic potential of historic dumps at the Prospect Mountain Mine complex. The main Diamond tunnel portal dump is estimated to contain 210,000-230,000 mt of material.
Historical tests from 2008 & 2010 indicate the material is fully oxidized and readily leachable, with gold recoveries between 75-85%. Composite samples showed feed grades ranging from 0.76 g/t Au, 27.5 g/t Ag to 3.19 g/t Au, 34.46 g/t Ag.
The company plans to begin an aircore drill program in mid-September to better characterize grade distribution, followed by metallurgical testing at McLelland laboratories to evaluate potential toll leach treatment offsite.
North Peak Resources (OTCQB: NPRLF) has announced significant high-grade gold and silver discoveries from follow-up channel sampling in the Dean Cave complex at their Prospect Mountain property in Nevada. The sampling revealed exceptional grades including up to 180 g/t Au and 998 g/t Ag in the East Cave area on the 650' level.
The mineralization appears strongly controlled by the intersection of two fault systems, with multiple high-grade gossanous zones identified within heavily altered dolomite. Notable results include 66 g/t Au with 371 g/t Ag and 49.5 g/t Au with 402 g/t Ag across narrow intervals. The company plans to commence its summer 2025 drill program in September, targeting various structural control systems.
Historical production from the Dean Cave stopes averaged 7.8 g/t Au and 200 g/t Ag, while the DMEA area historically produced material averaging 0.69 oz/t Au, 50.5 oz/t Ag, and 29.4% Pb.
North Peak Resources (OTCQB: NPRLF) has acquired the remaining 20% interest in the Prospect Mountain Mine complex in Eureka, Nevada, issuing 3 million common shares to Solarljos LLC. This follows their initial 80% acquisition in August 2023 and successful 2024 drilling campaign.
The exploration program revealed significant findings, including high-grade intersections of 22.9m @ 12.0 g/t Au and surface mineralization of 27.4m @ 7.4 g/t Au. Geophysical surveys identified a 2-km long conductive anomaly beneath old mine workings, while soil sampling confirmed both Carlin style and CRD systems.
The company has secured ancillary rights with the Erickson family, including board nomination rights and pre-emptive rights for future security issuances. North Peak has also decided to discontinue its option on the Kenogami Lake Property in Ontario to focus entirely on the Prospect Mountain complex.
North Peak Resources (OTCQB: NPRLF) has extended its investor relations agreement with GRA Enterprises LLC (National Inflation Association) for an additional 6 months. The Consultant will continue providing services including investor bulletins production, distribution to their email list, and social media posting.
The extension comes with a fee of US$50,000. The Consultant currently owns 59,400 common shares of North Peak and may purchase additional securities for investment purposes. The agreement extension requires TSX Venture Exchange approval.
North Peak Resources (TSXV: NPR) (OTCQB: NPRLF) has received approval from OTC Markets Group to uplist its common shares to the OTCQB Venture Market, effective July 8, 2025. The company will trade under the symbol "NPRLF" while maintaining its primary listing on TSX Venture Exchange as "NPR".
The uplisting aims to enhance liquidity and trading experience for shareholders, particularly focusing on the company's Nevada-based Prospect Mountain Mine complex in Eureka Nevada, a historic high-grade gold and polymetallic mining camp. CEO Rupert Williams highlighted that this move will improve visibility, transparency, and access to institutional capital in the U.S. market.
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