First Assay Results From The Confirmatory Drilling Program On Black Horse Project

CALGARY, AB - North Peak Resources Ltd. reported on programs underway pursuant to its option to purchase the Black Horse gold property located near Ely Nevada. In December 2021 the Company signed an agreement for the option with Minex LLC, and then obtained the necessary drilling permits.  Following a review of the historical data of the 316 holes previously drilled, an 8-hole core drilling program to twin the main zones of the property and a 20-hole reverse circulation (RC) drilling program to test other zones were launched.

"The assay results for the first 6 twin core holes have finally been received and while indicating gold mineralization, they have yet to confirm historic Black Horse drilling results either in grade or mineralized intercept," said Brian Hinchcliffe CEO. "These assay results are so vastly different from what Minex received on the Black Horse Property back in the late 1990's, that together with Minex we will carry out a gold grade determination review as well as sending samples to a second lab for umpire assays."