Northwire Canada EditionThursday, August 6, 2026
Northwire
ARTG 37.67 +7.3% SAGE 0.120 +4.3% NTR 93.88 −0.3% ERO 42.71 +4.6% EDR 12.55 +7.1% IFOS 2.23 −0.5% URE 1.80 −2.2% AAUC 27.50 +4.3% IMR 0.145 +3.6% EQX 14.50 +7.4% OGC 37.67 +6.8% TFPM 43.89 +4.4% SGD 15.42 +5.4% BKM 2.55 +3.2% OR 45.20 +4.4% CDE 24.46 +7.2% ARTG 37.67 +7.3% SAGE 0.120 +4.3% NTR 93.88 −0.3% ERO 42.71 +4.6% EDR 12.55 +7.1% IFOS 2.23 −0.5% URE 1.80 −2.2% AAUC 27.50 +4.3% IMR 0.145 +3.6% EQX 14.50 +7.4% OGC 37.67 +6.8% TFPM 43.89 +4.4% SGD 15.42 +5.4% BKM 2.55 +3.2% OR 45.20 +4.4% CDE 24.46 +7.2%
Drill Results

North Peak Confirms Historic Waste Rock Pile Mineralisation with Sonic Drilling and Completion of 2025 Reverse Circulation Exploration Drilling Program at Prospect Mountain, Nevada

North Peak Pins Hopes on Historic Dumps to Fund High-Stakes Nevada Exploration

Executive Summary

The news release dated December 19, 2025, reports that North Peak Resources (NPR) has confirmed mineralization within historic waste rock piles at the Prospect Mountain Mine Complex via sonic and aircore drilling. Eleven holes were drilled into the pile, which is estimated to contain approximately 240,000 short tons of material. Results showed weighted average composites ranging from 0.24 g/t Au to 1.28 g/t Au. Concurrently, the company announced the completion of its 2025 Reverse Circulation (RC) exploration drilling program, consisting of 14 holes totaling 4,194 meters. Assays for this exploration program are expected in Q1 2026.

Material Impact

The impact of this news is positive but routine for an exploration-stage company. - Waste Rock Potential: The confirmation of mineralization in the 240,000-ton waste rock pile offers a potential near-term revenue stream through toll leaching with third-party operators. However, this is relatively small-scale (estimated grades are sub-1 g/t) and serves primarily as a potential method to offset exploration costs rather than a primary value driver. - Exploration Completion: Finishing the 4,194m drill program on schedule is a positive operational milestone. The market's focus will now shift to the Q1 2026 assays. - Continuity: The news aligns with management’s stated 2025 strategy of evaluating both the "near-surface oxide" (dumps/waste) and "underground discovery" targets. No new "discovery" has been made in this specific release.

NPR · Price
Company Overview

North Peak Resources focuses on the Prospect Mountain Mine Complex in Eureka, Nevada, situated on the Battle Mountain-Eureka gold trend. The property is characterized by Carbonate Replacement Deposit (CRD) and Carlin-style mineralization. - Flagship: Prospect Mountain (100% owned as of July 2025). - Status: Exploration/Development. It is fully permitted for a 1,000 tpd underground operation, though no current mineral resource estimate (MRE) exists.

Read the original news release →

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