Northwire Canada EditionSaturday, August 15, 2026
Sign inSubscribe
Northwire
⌕
ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2% ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2%
Drill Results

North Peak seeks Prospect Mtn. historical dump returns

By The Northwire Desk — AI Analysis Aug 18, 2025 · 16:13 NPR · 0.92 North Peak Resources Ltd.
NPR · Price

Executive Summary

  • North Peak Resources has commenced a program to evaluate the economic potential of historic waste dumps at its Prospect Mountain mine complex.
  • The main dump contains an estimated 210,000‑230,000 metric tonnes with historical grades ranging from 0.76 g/t Au / 27.5 g/t Ag up to 3.19 g/t Au / 34.46 g/t Ag and gold recoveries of 75‑85 %.
  • An air‑core drilling campaign on the dump will start in mid‑September, followed by bulk metallurgical testing to assess toll‑leach viability, which could generate a revenue stream to offset future exploration costs.

Key Details

  • Dump Size & Composition – Estimated 210–230 kt of material; historically fully oxidized and readily leachable.
  • Historical Metallurgy – Gold recoveries 75‑85 %; feed grades averaged 0.76–3.19 g/t Au and 27.5–34.46 g/t Ag (based on 2008‑2010 testwork).
  • Planned Air‑Core Drill Program – To map grade distribution across the dump; start expected mid‑September 2026.
  • Bulk Sample & Test Work – Composite bulk sample to be sent to McLelland Laboratories for column leach testing; results will inform potential off‑site toll‑leach treatment (several months duration).
  • Strategic Rationale – If successful, dump processing could provide a revenue stream to offset exploration expenses while the company continues follow‑up drilling from its 2024 campaign.
  • Qualified Person – David Pym, CGeol, reviewed and approved scientific/technical disclosure per NI 43‑101; noted that original assay certificates are unavailable but laboratory work is considered reliable.

Notable Quotes

“The Diamond tunnel dump represents a potentially valuable asset to the company, particularly given the current gold prices. If the testwork 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,” – Rupert Williams, CEO.

Read the original news release →

More from North Peak Resources Ltd.

Aug 10, 2026 · 07:21

North Peak initiates a 7,000-foot drilling program at its Prospect Mountain project in Nevada to evaluate the deposit's potential.

Drill Results Jul 08, 2026 · 07:21

North Peak secured water infrastructure to enable deep sulphide drilling at its Prospect Mountain project.

Drill Results May 19, 2026 · 07:21

Permit milestone clears the path for North Peak’s most ambitious Nevada drill campaign, but the market waits for the bit to prove up the underexplored Eureka camp.

Production / Operations May 04, 2026 · 07:21

Management Buys Back Shares from Director-Controlled Entity at Discount to Recent Placement

Other Mar 26, 2026 · 07:21

North Peak Closes Second and Final Tranche of Previously Announced Non-Brokered Private Placement, Raising Total Funds of $5.675 Million

Financings Mar 16, 2026 · 16:59

North Peak completes initial close of $4.38M placement

Financings