Dump Sampling Program Continuing On Prospect Mountain

Dump Sampling Program Continuing On Prospect Mountain

CALGARY – North Peak Resources Ltd. reported on the first phase of sampling of surface workings on its Prospect Mountain property in Eureka, Nevada. As part of a surface mapping project, some of the dumps, numerous surface shafts, adits and scrapes were assayed.

A total of 77 rock chip and grab samples, the samples averaged, 2.42 g/t Au, 76.2 g/t Ag, 0.38% Cu, 1.06% Pb, 1.33% Zn. The highest-grade gold sample assayed 33.9 g/t Au, 183 g/t Ag, 0.9% Cu, 1.81% Pb, 1.66% Zn from an unnamed surface scrape on a patented claim. Twelve samples returned grades > 5 g/t Au, and averaged 10.34 g/t Au, 200.8 g/t Ag, 0.20% Cu, 2.96% Pb, 1.30% Zn.

Samples were taken from outcrops and subcrops in old workings where possible, and from the dumps in front of the workings. While grab samples from dumps are not indicative of in situ grades and are often the “poor quality” ore left behind by the historical miners, they give a useful guide to the composition and grade of the near surface mineralization present on the Property.

The Company is using this data to complement and confirm the extensive historical rock grab database gathered in the 1990’s by Homestake over the Property that comprises a total of 614 samples. The combined databases will be used in conjunction with the previously reported soil sampling data.