Prospect Mountain Mine Complex Systematic Aircore Drill Program

CALGARY – North Peak Resources Ltd. reported on the systematic aircore drill program across the historic waste rock pile that sits in front of the Diamond Mine portal at its Prospect Mountain Mine complex. North Peak undertook an 11-hole aircore drill program on the waste rock pile to better characterize the grade distribution. Although there were a number of historical metallurgical investigations from 2008 & 2010 this work had been done only on material derived from surface sampling of the waste rock pile. Surveys and bulk density measurements in the 2010 study indicated the waste rock pile contains approximately 240,000 short tons of material.
Aircore samples were taken in predominantly 5ft intervals from vertical holes, with the deepest waste rock pile sample being 61ft from surface. A best assay of 2.34 g/t Au, 68 g/t Ag was reported in hole PM25-001S from 0-5ft.
“The aircore 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 3rd party leach pad operators,” said Rupert Williams, CEO. “The Prospect Mountain Mine complex has a permit for 1,000 tpd underground mining and processing off site, however the Company needs to complete further work to fully outline the extraction and transportation process for this finite project.
The Company’s main objective remains to identify economic quantities of gold mineralization within the Prospect Mountain Property through a drilling discovery. We have recently finished our 2025 exploration drilling program with 14 holes completed, for a total of 4,194m (13,760ft), focusing on four accessible areas and expect assays in Q1 2026. Next year, our proposed exploration program will build on this drill campaign as well as continue to test new cross fault structures that are believed to drive the mineralization within the Eureka camp.”