WALLACE, ID - Magellan Coper and Gold Corp. has entered into a letter of intent…
Expansion Of Wabash Gold Mineralization At Prospect Mountain
CALGARY – North Peak Resources Ltd. reported on the first 6 holes totaling 807m (2650ft) drilled at the Wabash and Industry Tunnel targets on their 100% owned Prospect Mountain property, Nevada. Expanding the halo mineralization between the Wabash and Williams high grade gold lodes northwards with intersections of 42.67m (140 ft) @ 0.82 g/t Au, 9.43 g/t Ag and 2.57% Zn in PM25-001RC incl. 12.192m (40ft) @ 2.56g/t Au, 25.9 g/t Ag, 1.79% Zn and 99.06 m (325ft) @ 0.56 g/t Au, 5.13 g/t Ag in PM25-002RC incl. 13.716m (45ft) @ 2.52g/t Au, 15.7 g/t Ag. Discovery of new zone along the Silver Connor fault of 24.38m (80ft) @ 1.14 g/t Au, 10.76 g/t Ag incl. 4.57 m (15ft) @ 4.67g/t Au, 21.02 g/t Ag, 1.38% Zn in PM25-002 RC.
“We are pleased to have hit the target and continued to expand the potential for low grade bulk tonnage mineralization between the previously reported high grade zones at the Wabash and Williams Lodes,” commented Rupert Williams, CEO. “While the area is structurally complex and we continue to test new areas of cross faults, it shows considerable potential and remains open in all directions.”
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