North Peak's Follow-Up Channel Sampling in Lower Dean Cave Complex Reveals Further High-Grade Gold, up to 180 g/t Au, 998 g/t Ag at the Prospect Mountain Mine Complex
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) ha annunciato importanti scoperte di oro e argento ad alta concentrazione grazie ai campionamenti di follow-up nel complesso Dean Cave, situato nella loro proprietà Prospect Mountain in Nevada. I campionamenti hanno rivelato concentrazioni eccezionali, fino a 180 g/t Au e 998 g/t Ag nell'area East Cave al livello 650'.
La mineralizzazione sembra essere fortemente controllata dall'intersezione di due sistemi di faglie, con diverse zone gossanose ad alta concentrazione identificate all'interno di dolomite fortemente alterata. Risultati notevoli includono 66 g/t Au con 371 g/t Ag e 49,5 g/t Au con 402 g/t Ag in intervalli ristretti. L'azienda prevede di iniziare il programma di perforazione estivo 2025 a settembre, mirando a diversi sistemi di controllo strutturale.
La produzione storica dalle gallerie di Dean Cave ha avuto una media di 7,8 g/t Au e 200 g/t Ag, mentre l'area DMEA ha prodotto in passato materiale con una media di 0,69 oz/t Au, 50,5 oz/t Ag e 29,4% Pb.
North Peak Resources (OTCQB: NPRLF) ha anunciado importantes descubrimientos de oro y plata de alta ley tras muestreos adicionales en el complejo Dean Cave, ubicado en su propiedad Prospect Mountain en Nevada. Los muestreos revelaron grados excepcionales, incluyendo hasta 180 g/t Au y 998 g/t Ag en el área East Cave en el nivel 650'.
La mineralización parece estar fuertemente controlada por la intersección de dos sistemas de fallas, con múltiples zonas gossanosas de alta ley identificadas dentro de dolomita fuertemente alterada. Resultados destacados incluyen 66 g/t Au con 371 g/t Ag y 49,5 g/t Au con 402 g/t Ag en intervalos estrechos. La compañía planea iniciar su programa de perforación de verano 2025 en septiembre, apuntando a varios sistemas de control estructural.
La producción histórica de los tajos de Dean Cave tuvo un promedio de 7,8 g/t Au y 200 g/t Ag, mientras que el área DMEA históricamente produjo material con un promedio de 0,69 oz/t Au, 50,5 oz/t Ag y 29,4% Pb.
North Peak Resources (OTCQB: NPRLF)는 네바다에 위치한 Prospect Mountain 광산의 Dean Cave 단지에서 후속 채널 샘플링을 통해 고품위 금과 은의 중요한 발견을 발표했습니다. 샘플링 결과 650' 레벨의 East Cave 지역에서 금 180 g/t, 은 998 g/t에 달하는 뛰어난 품위가 확인되었습니다.
광화는 두 단층 시스템의 교차점에 의해 강하게 제어되는 것으로 보이며, 심하게 변질된 백운암 내에서 여러 고품위 고산대(gossanous) 구역이 확인되었습니다. 주목할 만한 결과로는 좁은 구간에서 금 66 g/t, 은 371 g/t 및 금 49.5 g/t, 은 402 g/t가 있습니다. 회사는 2025년 여름 시추 프로그램을 9월에 시작할 계획이며, 다양한 구조적 제어 시스템을 목표로 하고 있습니다.
과거 Dean Cave 작업장에서는 평균 금 7.8 g/t, 은 200 g/t의 생산량을 기록했으며, DMEA 지역은 과거에 금 0.69 oz/t, 은 50.5 oz/t, 납 29.4%의 평균 물질을 생산했습니다.
North Peak Resources (OTCQB : NPRLF) a annoncé d'importantes découvertes d'or et d'argent à haute teneur suite à des échantillonnages complémentaires dans le complexe Dean Cave sur leur propriété Prospect Mountain au Nevada. Les échantillons ont révélé des teneurs exceptionnelles, atteignant jusqu'à 180 g/t Au et 998 g/t Ag dans la zone East Cave au niveau 650'.
La minéralisation semble fortement contrôlée par l'intersection de deux systèmes de failles, avec plusieurs zones gossanisées à haute teneur identifiées dans un dolomite fortement altéré. Parmi les résultats notables figurent 66 g/t Au avec 371 g/t Ag et 49,5 g/t Au avec 402 g/t Ag sur des intervalles étroits. La société prévoit de commencer son programme de forage d'été 2025 en septembre, ciblant plusieurs systèmes de contrôle structuraux.
La production historique des chantiers de Dean Cave affichait une moyenne de 7,8 g/t Au et 200 g/t Ag, tandis que la zone DMEA a historiquement produit du matériel avec une moyenne de 0,69 oz/t Au, 50,5 oz/t Ag et 29,4 % Pb.
North Peak Resources (OTCQB: NPRLF) hat bedeutende Entdeckungen von hochgradigem Gold und Silber durch Folge-Bohrproben im Dean Cave-Komplex auf ihrem Prospect Mountain-Gelände in Nevada bekannt gegeben. Die Proben zeigten außergewöhnliche Gehalte von bis zu 180 g/t Au und 998 g/t Ag im East Cave-Bereich auf der 650'-Ebene.
Die Mineralisierung scheint stark durch die Kreuzung zweier Störungssysteme kontrolliert zu werden, wobei mehrere hochgradige gossanartige Zonen innerhalb stark veränderter Dolomite identifiziert wurden. Bemerkenswerte Ergebnisse umfassen 66 g/t Au mit 371 g/t Ag und 49,5 g/t Au mit 402 g/t Ag über enge Intervalle. Das Unternehmen plant, im September mit seinem Bohrprogramm für den Sommer 2025 zu beginnen, wobei verschiedene strukturelle Kontrollsysteme ins Visier genommen werden.
Die historische Produktion aus den Dean Cave-Abbaustollen lag durchschnittlich bei 7,8 g/t Au und 200 g/t Ag, während das DMEA-Gebiet historisch Material mit einem Durchschnitt von 0,69 oz/t Au, 50,5 oz/t Ag und 29,4 % Pb förderte.
- Multiple high-grade gold and silver discoveries with exceptional grades up to 180 g/t Au and 998 g/t Ag
- Property has extensive and accessible underground workings for exploration
- Summer 2025 drill program planned to commence in September
- Historical production data confirms area's high-grade potential
- Mineralized zones are notably narrow (0.09-0.16m in width)
- Complex structural controls may make exploration targeting challenging
Calgary, Alberta--(Newsfile Corp. - August 5, 2025) - North Peak Resources Ltd. (TSXV: NPR) (OTCQB: NPRLF) (the "Company" or "North Peak") announces results from follow-up sampling within the Dean Cave complex at their Prospect Mountain (PM) property in Eureka, Nevada (the "Property").
Following the Company's press release on 27th May, 2025 where the Company reported high grade oxide mineralization in the Dean Cave area grading up to 46.5 g/t (1.36 oz/t) Au, 569 g/t (16.6 oz/t) Ag, further channel sampling was undertaken in the East Cave area on the 650' level, some 46m (150ft) below the previously announced samples, and encountered multiple narrow high grade gossanous zones within a zone of heavily altered dolomite, including:
- 180 g/t (5.8 oz/t) Au, 998 g/t (32 oz/t) Ag,
7.8% Pb,1.05% Zn over 0.1m - 66 g/t Au, 371 g/t Ag,
2.85% Pb,3.74% Zn over 0.16 m - 49.5 g/t Au, 402 g/t Ag, >
20% Pb,0.64% Zn over 0.09m - 27.3 g/t Au, 132 g/t Ag,
1.9% Pb,2.9% Zn over 0.1m
Only the gossanous zones were sampled in this sampling pass, given the high-grade nature of these zones the rest of the altered dolomite will be sampled to give better indications of potential historical grades from these old stope areas. The mineralization here appears strongly structurally controlled by the intersection of two fault systems, giving a plunge direction to explore for further mineralization along. This cave can be directly accessed by the Silver Connor portal from the west side of the mountain.
"These further high-grade results continue to demonstrate the strength and potential of this Property. Our geology team has been utilizing Prospect Mountain's extensive and accessible underground workings to build a greater understanding of the complex structural controls to mineralization," commented Rupert Williams, CEO. "We expect our summer 2025 drill program to commence in September, with a plan to target several different structural control systems and will consider targeting this area with an additional RC drillhole from surface."
"The Company's understanding of the complex structural controls to mineralization is rapidly advancing, increasing the likelihood of effectively targeting new zones of mineralization as has successfully been done elsewhere in the Eureka camp," added David Pym, Lead Geologist. "These samples reinforce our exploration strategy of looking at the Property from three perspective target areas: the near surface oxide, underground oxide and the underground sulphide."
Background to the Areas
The Dean Cave complex was one of the last areas to be mined in the historic Diamond mine, with sporadic activity continuing into the 1980's. The ore in Carbonate Replacement Deposits often occurs in vertical chimneys and layer parallel mantos. The Dean Cave area is one of a series of historical high grade chimney stopes in the northern part of the Diamond Mine, known as the Dean Cave complex which include the DMEA/Deadbroke chimney and the East Cave chimney. The Deadbroke/DMEA chimney extends from surface down to at least 400m and the Dean and East Cave chimneys have only been exploited from underground and extend for at least 100m upwards from the historic 650 level of the mine. At depth, they appear truncated by the west dipping Dominic fault, which may displace their depth extents. The chimney zones occur along an ENE trending fracture zone parallel to the Silver Connor Fault near the intersection with steeply dipping NW fault zones associated with the Banner McIntosh fault system and represent an underground oxide exploration target with high potential for further mineralization, both towards surface and to depth. The Dean Cave stopes for which we have production records averaged 0.229 oz/t (7.8 g/t) Au, 5.83 oz/t (200 g/t) Ag from 291 ore cars (Silver Viking Corp., 1980, map DM0-08 -Note: These records are historical and have not been verified).
The DMEA refers to the area that was briefly mined around 1954 following a loan being granted by the Defense Minerals Exploration Administration for development costs. Material generated averaged 0.69 oz/t Au, 50.5 oz/t Ag,
Figure 1: Section along ENE fracture zone, looking SE showing historic chimneys and underground workings. Dean Cave sample location in Orange, New Cave samples in Red. It is unknown if the faults continue below the Dominic Fault.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9875/261179_north%20peak_figure%201.jpg
Figure 2: Plan of Dean Cave complex showing sample locations on multiple levels.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9875/261179_fe10e94ed423ca58_034full.jpg
Table 1: Assay Results
| Sample | East, m | North, m | Elevation, m | Type | Length, m | Lithology | Au, g/t | Ag, g/t | Pb, % | Zn, % |
| 2025061401 | 164702.6 | 8524158.6 | 2201.0 | channel | 0.16 | gossan | 66 | 371 | 2.85 | 3.74 |
| 2025061402 | 164703.9 | 8524159.1 | 2201.0 | channel | 0.1 | gossan | 27.3 | 132 | 1.91 | 2.92 |
| 2025061403 | 164709.2 | 8524171.9 | 2201.0 | channel | 0.1 | gossan | 180 | 998 | 7.76 | 1.05 |
| 2025061404 | 164705.8 | 8524171.6 | 2201.0 | channel | 0.09 | gossan | 49.5 | 402 | > 20 | 0.64 |
Review by Qualified Person, Quality Control and Reports
Mr. David Pym, CGeol., Consulting Geologist for 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.
Samples in this case are channel samples taken from outcrops in historic stopes and caves. Samples are loaded into a plastic crate and dispatched daily to the ALS Global prep-lab in Elko Nevada. A standard, a blank and a field duplicate were inserted after every 20 samples, for a QA/QC rate of
Samples are dried crushed and pulverised and assayed for gold with a 30g fire assay and a 44 element ICP MS suite. Overlimit samples for gold, silver, lead, zinc and copper are automatically re-assayed by suitable methods.
About North Peak
The Company is a Canadian based gold exploration and development company listed on the TSX Venture Exchange under the symbol "NPR" and the OTCQB under the symbol "NPRLF". Launched by the founding team behind both Kirkland Lake Gold and Rupert Resources, the team has a strong track record of acquiring mining assets, applying modern exploration techniques and taking them into operational mines.
North Peak's flagship property is the Prospect Mountain Mine complex which 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 (totalling 189 acres), underground mining of up to 365,000 tons per annum and certain infrastructural works. A more complete description of the Property'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.
For further information, please contact:
| Rupert Williams, 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, 2024 and the quarter ended March 31, 2025, 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261179
FAQ
What were the highest gold and silver grades discovered in North Peak's recent sampling at Prospect Mountain?
When will NPRLF begin its summer 2025 drill program at Prospect Mountain?
What were the historical production grades from the Dean Cave stopes?
Where is North Peak's Prospect Mountain property located?
What are the three target areas North Peak is focusing on at Prospect Mountain?
