- North Peak Resources has completed its first deep core hole at the Prospect Mountain Property in Nevada
- A BHEM survey is also being conducted in order to identify potential locations for additional wedge drilling
- The first hole in the program was 3,250 feet in length and targeted the 2-kilometre conductive anomaly located beneath the Diamond Mine
- Shares of North Peak Resources are down 1.22 per cent to C$1.62 as of 11:36 am ET
North Peak Resources (TSXV:NPR) has drilled its first deep core hole at the Prospect Mountain Property in Nevada.
The company stated in a news release that a BHEM survey is also being conducted to identify potential locations for additional wedge drilling.
The first hole in the program was 3,250 feet in length and targeted the 2-kilometre conductive anomaly beneath the old oxide gold, silver lead and zinc historical stopes of the Diamond Mine.
“Eureka is now receiving the exploration focus at depth that other Nevada mining camps have received and will uniquely benefit from a greater understanding of the presence of polymetallic CRD, Skarn and Carlin mineralization increases,” Brian Hinchcliffe, CEO of North Peak, said in a statement. “This first hole will provide us with greater insights into the structures and mineralization at depth below the historical workings within the sulphide portion of the mineralization, and downhole surveys play an important role in unlocking these deeper potential areas of the Eureka camp.”
Samples have now been sent to ALS Laboratories while the company is waiting for the full multi-element results, which are expected in the coming weeks.
Located in the Southern Eureka Gold Belt region of Nevada, the Prospect Mountain property sits in the Battle Mountain Eureka trend where three styles of mineralization have been identified: gold, silver, carlin-style mineralization; carbonate replacement gold, silver lead, zinc mineralization; and carbonate-hosted porphyry related skarn lead, zinc and gold mineralization associated with cretaceous intrusions.
North Peak Resources is a gold exploration and development company focused on acquiring historic sites with low-cost producing gold and other metals.
Shares of North Peak Resources are down 1.22 per cent to C$1.62 as of 11:36 am ET.
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