Drilling At Prospect Mountain North Now Moving To West Side

CALGARY - North Peak Resources Ltd. reported that drilling at the Prospect Mountain North area has progressed and is now moving to the West side of the mountain within the Prospect Mountain Property in Eureka, Nevada. The drill has finished the preliminary testing of the Industry and Silver Connor fault network and is now targeting the Duke, Banner and Silver Connor fault system in the Wabash area, where there are multiple historical mines including Wabash, Williams and Silver Connor and associated workings. These faults are conduits for gold-bearing fluids for the regions' deposits and the dense fault network in the northern part of the property has similarities to i-80's Archimedes/Hilltop area and the historic Richmond/Eureka/Fad zones.

Mike Sutton, Director & Geologist explained, "Wabash was the focus of a systematic drilling campaign in 1999 and the intersections that were returned were interpreted as shallow dipping pods of mineralization. A new interpretation is that the intersections are aligning with the steeply dipping faults and if so, continuity of mineralization greatly improves and increases the tonnage potential and this has been supported by the finding of a sub-vertical mineralized fault at surface. The historical vertical holes are not suited to cut across sub-vertical zones."

The holes will be up to 900 feet in length, with several angled to test interpretation as well as a couple to twin historical intersections. Multi-element assays of the RC drilled holes indicates anomalous antimony and high arsenic and relatively low lead and zinc, consistent with the historical smelter observations, suggesting that the mineralization is of the "Intermediate" style noted in the area with mainly Carlin type characteristics, but also with a carbonate replacement type (CRD) signature.