Drill Results
North Peak drills 2.34 g/t Au, 68 g/t Ag at Prospect

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Executive Summary
- North Peak Resources Ltd. released assay results from an 11-hole air-core drill program targeting the historic waste rock pile at its Prospect Mountain mine complex in Nevada.
- The drilling confirmed that the waste rock pile is mineralized, with assays ranging from 1.28 g/t Au to 2.34 g/t Au, supporting plans for metallurgical test work to assess suitability for toll leaching.
- The company also provided an update on its broader 2025 exploration program, noting the completion of 14 holes (4,194 meters) with assays expected in Q1 2026.
Key Details
- Drilling Program Scope: 11-hole air-core drill program conducted on the historic waste rock pile in front of the Diamond mine portal.
- Waste Rock Pile Volume: Surveys indicate the pile contains approximately 240,000 short tons of material.
- Assay Highlights:
- Best intercept: 2.34 g/t Au and 68 g/t Ag over 5 feet (0-5 ft interval) in hole PM25-001S.
- Hole PM25-007S: 1.28 g/t Au and 34 g/t Ag over 10 feet.
- Hole PM25-002S: 0.24 g/t Au and 18.8 g/t Ag over 20 feet.
- No holes were reported as unmineralized.
- Sampling Methodology: Air-core samples taken in predominantly five-foot intervals from vertical holes; deepest sample was 61 feet from surface.
- Metallurgical Plans: Company will conduct bottle rolls and column leach tests on bulk samples to assess suitability for toll leaching with third-party operators.
- 2025 Exploration Update:
- 14 holes completed for a total of 4,194 meters (13,760 feet).
- Focus areas: Four accessible areas within the Prospect Mountain property.
- Expected assay results: Q1 2026.
- Future plans: Test new cross-fault structures believed to drive mineralization within the Eureka camp.
- Permitting Status: The mine complex holds a permit for 1,000-tonne-per-day underground mining and off-site processing.
- Qualified Person: David Pym, CGeol, reviewed and approved the scientific and technical disclosure.
- Laboratory: McClelland Laboratories Inc. (Sparks, Nev.).
- Assay Methods: Gold via 30-gram fire assay with AAS finish; Silver via four-acid digest and AAS.
Notable Quotes
- "The air-core sampling program has demonstrated that the waste rock pile is mineralized and the company will continue with the metallurgical test work on the bulk sample provided by the recent drilling, including bottle rolls and column leach tests to assess the suitability of the material for toll leaching with third party leach pad operators." — Rupert Williams, CEO
- "The company's main objective remains to identify economic quantities of gold mineralization within the Prospect Mountain property through a drilling discovery." — Rupert Williams, CEO
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Jul 08, 2026 · 07:21