Surface Drilling Program At the West Side Of Ridge On Prospect Mountain Property

CALGARY - North Peak Resources Ltd. reported on recently completed 27-hole surface drilling program on the west side of the ridge on the Prospect Mountain Property in Eureka, Nevada. The program was targeted towards the historical Wabash, Williams and Chicago mine areas and strategically followed up on drilling results of the 91-hole program carried out in 1998/1999 by European American Resources (EPAR).

PM24-016 intersected 60ft (18.3m) @ 3.92 g/t Au (which includes 35ft (10.7m) @ 5.01 g/t Au), from 235ft, which is 50ft below the historical Wabash mine; within 135ft (42.1m) @ 1.89 g/t Au, from 230ft; the intersection is located 25.5ft NE of historical EPAR hole PM-W-79 (and between the intersections in EPAR holes PM-W-78 and 79). PM24-015 intersected 60ft (18.3m) @ 1.3 g/t Au, 22.6 g/t Ag from 200ft, which included 15ft (4.6m) @ 3.0 g/t Au, 20.4g/t Ag from 210ft; the intersection is located NE of historical EPAR hole PM-W-78. Holes PM24-015, PM24-016 and PM24-017, together with historical EPAR holes PM-W-78 and PM-W-79 is further evidence that the new interpretation of steeply-dipping mineralization along structures that were conduits for the gold fluids, is accurate, and means that historical vertical drill holes likely missed mineralization). PM24-013 intersected over 690ft (210m) of non-commercial, but continuous gold mineralization, with individual zones over 0.2 g/t Au of up to 105ft (32m), and with 0.16 g/t Au overall (no cutoff). The wide mineralization in previously reported hole PM24-004 is some 50ft (15.24m) west of the intersections in this hole.

"Drilling Prospect Mountain with new technology is already paying off as it has permitted the geology team to see the steeply dipping mineralized zones which could not have been defined before due to vertical only historical drilling," said Brian Hinchcliffe, CEO. "These two holes PM25-015 and 016 could extend the areas mined in the historical Wabash and Chicago mines along a steep zone connecting these two mines and provide the outline for a larger mineralized area with high grade pockets."