North PEAK Reports Filing of Technical Report FOR Kenogami Lake, Ontario Project
NORTH PEAK REPORTS FILING OF
TECHNICAL REPORT FOR KENOGAMI LAKE,
ONTARIO PROJECT
CALGARY, AB
,
July 8, 2022
/CNW/ -
North Peak Resources Ltd.
(TSXV: NPR) (the "
Company
"
or "
North Peak
") announces that it filed a 43-101 Technical Report for the Kenogami Lake Project
(the "
Kenogami Project
") titled "Technical Report on the Kenogami Lake Project, Ontario, Canada
Report for NI 43-101" dated effective
March 15, 2022
(the "
2022 Technical Report
"), prepared by
Tudorel Ciuculescu, M. Sc. P. Geo of SLR Consulting (
Canada
) Ltd., on SEDAR at
www.sedar.com
under the profile of the Company.
The Company holds an option to acquire a 100% interest in and to the Kenogami Lake Project (the
"
Kenogami Option
"). The Kenogami Option was granted to the Company in connection with its
"Change of Business" transaction that it completed on
June 26
, 2020. Pursuant to that transaction
the Company issued a Management Information Circular dated
May 13, 2020
which included
information and excerpts from the technical report on the Kenogami Project titled "Technical Report
on the Leahy Property,
Kirkland Lake Area
,
Ontario, Canada
" dated effective
March 31, 2020
, (the
"
2020 Technical Report
"), also prepared by prepared by Tudorel Ciuculescu, M. Sc. P. Geo of
SLR Consulting (
Canada
) Ltd.
The material differences between the 2022 Technical Report and the 2020 Technical Report, and
therefore effects the disclosure in the Circular, are as follows:
the 2022 Technical Report recognizes the name change that the Company made in connection
with the aforementioned "Change of Business" transaction;
the 2022 Technical Report takes into account a more current site visit as completed by Mr.
Ciuculescu on
March 7, 2022
; and
the 2022 Technical Report includes the results of the single drill hole drilled by the Company on
the Kenogami Project in 2021.
About North Peak Resources
The Company is a Canadian based gold exploration and development company that is listed on the
TSX Venture Exchange under the symbol "NPR". The Company holds an option to acquire the 2,733-
acre Black Horse gold and silver property located approximately 50 miles east of
Ely
within the
Black Horse mining district in
White Pine County, Nevada
. See the Company's
January 11, 2022
press release for additional information.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS:
This news
release includes certain "forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements include, but are not limited to, estimates of mineralization
from drilling, geological information projected from sampling results and the potential quantities
and grades of the target zones, potential for minerals and/or mineral resources and statements
regarding the plans, intentions, beliefs, and current expectations of the Company with respect to
the future business activities and operating performance of the Company that may be described
herein. Forward-looking statements consist of statements that are not purely historical, including
any statements regarding beliefs, plans, expectations or intentions regarding the future. Such
information can generally be identified by the use of forwarding-looking wording such as "may",
"expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or
similar variations. Readers are cautioned not to place undue reliance on forward-looking
statements, as there can be no assurance that the plans, intentions or expectations upon which
they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown
risks and uncertainties, both general and specific, that contribute to the possibility that the
predictions, estimates, forecasts, projections and other forward-looking statements will not occur.
These assumptions, risks and uncertainties include, among other things, the state of the economy
in general and capital markets in particular, accuracy of assay results, geological interpretations
from drilling results, timing and amount of capital expenditures; performance of available
laboratory and other related services, future operating costs, and the historical basis for current
estimates of potential quantities and grades of target zones, as well as those risk factors discussed
or referred to in the Company's Management's Discussion and Analysis for the year ended
December 31, 2021
, and the period ended
March 31, 2022
available at
www.sedar.com,
many of
which are beyond the control of the Company. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this
press release. Except as required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Additionally, the Company undertakes no obligation to
comment on the expectations of, or statements made by, third parties in respect of the matters
discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
SOURCE
North Peak Resources Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/July2022/08/c9673.html
%SEDAR: 00032415E
For further information:
Please contact: Brian Hinchcliffe, CEO, Phone: +1-647-424-2305, Email:
[email protected], Website: www.northpeakresources.com; Chelsea Hayes, Director,
Phone: +1-647-424-2305, Email: [email protected]
CO: North Peak Resources Ltd.
CNW 16:26e 08-JUL-22