North Peak to Investigate Economic Potential of Historic Dumps at Prospect Mountain Mine Complex
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) ha avviato indagini sul potenziale economico dei vecchi cumuli di materiale nel complesso minerario Prospect Mountain. Si stima che il cumulo principale all’ingresso del tunnel Diamond contenga 210.000-230.000 mt di materiale.
Prove storiche del 2008 e del 2010 indicano che il materiale è completamente ossidato e facilmente liscivabile, con recuperi d’oro tra il 75% e l’85%. I campioni compositi hanno evidenziato tenori di alimentazione variabili da 0,76 g/t Au, 27,5 g/t Ag a 3,19 g/t Au, 34,46 g/t Ag.
L’azienda prevede di iniziare un programma di perforazioni aircore a metà settembre per caratterizzare meglio la distribuzione dei tenori, seguito da test metallurgici presso i laboratori McLelland per valutare un possibile trattamento di lisciviazione tramite contratto esterno.
North Peak Resources (OTCQB: NPRLF) ha comenzado investigaciones sobre el potencial económico de los vertederos históricos en el complejo minero Prospect Mountain. Se estima que el vertedero principal en el acceso al túnel Diamond contiene 210.000-230.000 mt de material.
Ensayos históricos de 2008 y 2010 indican que el material está completamente oxidado y es fácilmente lixivable, con recuperaciones de oro entre el 75% y el 85%. Las muestras compuestas mostraron leyes de alimentación que van desde 0,76 g/t Au, 27,5 g/t Ag hasta 3,19 g/t Au, 34,46 g/t Ag.
La compañía planea iniciar un programa de perforación aircore a mediados de septiembre para caracterizar mejor la distribución de leyes, seguido de pruebas metalúrgicas en los laboratorios McLelland para evaluar un posible tratamiento de lixiviación por contrato fuera del sitio.
North Peak Resources (OTCQB: NPRLF)는 Prospect Mountain 광산 단지의 과거 폐기물 더미에 대한 경제적 잠재력을 조사하기 시작했습니다. 다이아몬드 터널(Diamond) 주요 포털 더미에는 210,000-230,000 mt의 물질이 있는 것으로 추정됩니다.
2008년 및 2010년의 과거 시험 결과에 따르면 물질은 완전히 산화되어 쉽게 용출이 가능하며, 금 회수율은 75-85% 사이로 나타났습니다. 복합 샘플의 원광 등급은 0.76 g/t Au, 27.5 g/t Ag에서 3.19 g/t Au, 34.46 g/t Ag까지 다양하게 나타났습니다.
회사는 등급 분포를 더 잘 파악하기 위해 9월 중순에 에어코어(aircore) 시추 프로그램을 시작할 예정이며, 이후 현장 외부에서의 위탁 침출 처리 가능성을 평가하기 위해 McLelland 연구소에서 야금학적 시험을 진행할 계획입니다.
North Peak Resources (OTCQB: NPRLF) a lancé des investigations sur le potentiel économique des terrils historiques du complexe minier Prospect Mountain. Le terril principal au portail du tunnel Diamond est estimé contenir 210 000–230 000 mt de matériau.
Des essais historiques de 2008 et 2010 indiquent que le matériau est entièrement oxydé et facilement lessivable, avec des récupérations d’or comprises entre 75 % et 85 %. Des échantillons composites ont montré des teneurs d’alimentation allant de 0,76 g/t Au, 27,5 g/t Ag à 3,19 g/t Au, 34,46 g/t Ag.
La société prévoit de lancer un programme de forage aircore à la mi-septembre pour mieux caractériser la distribution des teneurs, suivi d’essais métallurgiques au laboratoire McLelland afin d’évaluer un éventuel traitement de lixiviation en sous-traitance hors site.
North Peak Resources (OTCQB: NPRLF) hat Untersuchungen zum wirtschaftlichen Potenzial historischer Halden im Prospect Mountain-Minenkomplex eingeleitet. Die Haupthalde am Portal des Diamond-Tunnels wird auf 210.000–230.000 mt Material geschätzt.
Historische Tests aus 2008 und 2010 zeigen, dass das Material vollständig oxidiert und leicht auslaugbar ist, mit Goldrückgewinnungen zwischen 75–85%. Zusammengesetzte Proben zeigten Zufuhrgehalte von 0,76 g/t Au, 27,5 g/t Ag bis 3,19 g/t Au, 34,46 g/t Ag.
Das Unternehmen plant, Mitte September ein Aircore-Bohrprogramm zu beginnen, um die Verteilung der Gehalte besser zu charakterisieren, gefolgt von metallurgischen Tests im McLelland-Labor zur Bewertung einer möglichen Laugungsbehandlung als Toll-Milling außerhalb des Standorts.
- Historical test work shows promising gold recoveries of 75-85%
- Potential revenue stream from dump material could offset future exploration expenses
- Material is fully oxidized and readily leachable, suggesting efficient processing potential
- Dump material quantity and grade are conceptual with insufficient exploration to define mineral resource
- Several months required for metallurgical testing before potential development
- Uncertainty if further exploration will result in mineral resource delineation
Calgary, Alberta--(Newsfile Corp. - August 18, 2025) - North Peak Resources Ltd. (TSXV: NPR) (OTCQB: NPRLF) (the "Company" or "North Peak") announces that it has begun investigations into the economic potential of the historic dumps within the Plan of Operations (PoO) of the Prospect Mountain Mine complex (the "Property").
The main dump, which sits in front of the main Diamond tunnel portal entrance is estimated to contain between 210,000-230,000 mt of material. Historical investigations from 2008 & 2010 included volume assessments, agitated leach and bulk density test work, have indicated that the material is fully oxidized and readily leachable with gold recoveries between 75
North Peak will be initiating an aircore drill program on the dump to better characterize the grade distribution across the dump, which is expected to start in mid-September. A composite bulk sample will be sent to McLelland laboratories for metallurgical test work including column leach testing to allow a fuller investigation of the potential of the dumps for toll leach treatment offsite, which will take several months.
"The Diamond Tunnel dump represents a potentially valuable asset to the Company, particularly given the current gold prices. If the test work is successful, and other key elements are in place, it could give the Company a revenue stream to offset future exploration expenses whilst the Company follows up on the excellent drill results from the 2024 drilling campaign and continues to explore and expand the potential of Prospect Mountain", commented Rupert Williams, CEO.
East Side of Prospect Mountain: Main Diamond Mine portal entrance and dumps
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Review by Qualified Person, Quality Control and Reports
Mr. David Pym, CGeol., Consulting Geologist for the Company, is the Qualified Person (QP), 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.
The QP has not independently verified the data in the underlying historical reports referenced in this news release as the original samples and assay certificates are not available. In the QP's opinion, the metallurgical test work was carried out by reputable accredited laboratories and the results are largely in agreeance, giving reasonable confidence in the historical data.
For further information, please contact:
| Rupert Williams, CEO Phone: +1-647-424-2305 Email: info@northpeakresources.com | Chelsea Hayes, Director Phone: +1-647-424-2305 Email: info@northpeakresources.com |
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 (totaling 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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This news 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 exploration on the Company's properties, 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, intentions, beliefs, and current expectations of the Prospect Mountain Mine complex and the Company, including with respect to the future business activities and operating performance of 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 period 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.
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FAQ
What is the estimated size of North Peak Resources' Diamond tunnel portal dump?
What are the historical gold and silver grades at NPRLF's Prospect Mountain dump?
When will North Peak Resources begin their aircore drill program at Prospect Mountain?
What are the historical gold recovery rates from North Peak's dump material?
How does North Peak Resources plan to process the Prospect Mountain dump material?
