North PEAK to Investigate Economic Potential of Historic Dumps at Prospect Mountain MINE Complex
NORTH PEAK TO INVESTIGATE ECONOMIC
POTENTIAL OF HISTORIC DUMPS AT PROSPECT
MOUNTAIN MINE COMPLEX
Calgary, Canada August 18, 2025
North Peak Resources Ltd. (TSX Venture: NPR and OTCQB: NPRLF ) (the “ Company” or “North
Peak”) announces that it has begun investigations into the economic potential of the historic dumps within
the Plan of Operations (PoO) of the Prospect Mountain Mine complex (the “Property”).
The main dump, which sits in front of the main Diamond tunnel portal entrance is estimated to contain
between 210,000-230,000 mt of material. Historical investigations from 2008 & 2010 included volume
assessments, agitated leach and bulk density test work, have indicated that the material is fully oxidized
and readily leachable with gold recoveries between 75-85%. Composite metallurgical samples from the
various reports had feed grades averaging from a low of 0.76 g/t Au, 27.5 /t Ag to a high of 3.19 g/t, 34.46
g/t Ag (see the Company’s Technical Report (described below) at pp. 42-44). The potential quantity and
grade of the dump is conceptual in nature and there has been insufficient exploration to define a mineral
resource and it is uncertain if further exploration will result in the target being delineated as a mineral
resource.
North Peak will be initiating an aircore drill program on the dump to better characterize the grade
distribution across the dump, which is expected to start in mid-September. A composite bulk sample will
be sent to McLelland laboratories for metallurgical test work including column leach testing to allow a fuller
investigation of the potential of the dumps for toll leach treatment offsite, which will take several months.
"The Diamond Tunnel dump represents a potentially valuable asset to the Company, particularly given
the current gold prices. If the test work is successful, and other key elements are in place, it could give the
Company a revenue stream to offset future exploration expenses whilst the Company follows up on the
excellent drill results from the 2024 drilling campaign and continues to explore and expand the potential
of Prospect Mountain”, commented Rupert Williams, CEO.
East Side of Prospect Mountain: Main Diamond Mine portal entrance and dumps
www.northpeakresources.com
TSX Venture: NPR
OTCQB: NPRLF
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Review by Qualified Person, Quality Control and Reports
Mr. David Pym, CGeol., Consulting Geologist for the Company, is the Qualified Person (QP), as
defined under National Instrument 43 -101 - Standards of Disclosure for Mineral Projects , who
reviewed and approved scientific and technical disclosure in this press release. The Qualified Person
has not reviewed the mineral tenure, nor independently verified the legal status and ownership of the
Property or any underlying property agreements.
The QP has not independently verified the data in the underlying historical reports referenced in this
news release as the original samples and assay certificates are not available. In the QP’s opinion, the
metallurgical test work was carried out by reputable accredited laboratories and the results are largely
in agreeance, giving reasonable confidence in the historical data.
For further information, please contact:
Rupert Williams, CEO
Phone: +1-647-424-2305
Email: [email protected]
Chelsea Hayes, Director
Phone: +1-647-424-2305
Email: [email protected]
About North Peak
The Company is a Canadian based gold exploration and development company listed on the TSX
Venture Exchange under the symbol “NPR” and the OTCQB under the symbol “NPRLF”. Launched by
the founding team behind both Kirkland Lake Gold and Rupert Resources, the team has a strong track
record of acquiring mining assets, applying modern exploration techniques and taking
them into operational mines.
North Peak’s flagship property is the Prospect Mountain Mine complex which lies in the Battle
Mountain Eureka trend, in an area known as the Southern Eureka Gold Belt, where three styles of
mineralization have been identified, gold, silver Carlin style mineralization, Carbonate Replacement
gold, silver, lead, zinc mineralization (CRD) and carbonate hosted Porphyry Related Skarn lead, zinc
and gold mineralization associated with cretaceous intrusions. At the Property, the CRD
mineralization is heavily oxidized to depths of at least 610m (2,000ft) below the top of the ridge line.
A Plan of Operations is in place which covers part of the Property and entitles an operator to pursue
surface exploration (totaling 189 acres), underground mining of up to 365,000 tons per annum and
certain infrastructural works. A more complete description of the Property ’s geology and
mineralization, including at the Wabash area, can be found in the NI 43 -101 Technical Report (the
“Technical Report”) on the Prospect Mountain Property, Eureka County, Nevada, USA dated and with
an effective date April 10, 2023, prepared by David Pym (Msc), CGeol. of LTI Advisory Ltd. and Dr
Toby Strauss, CGeol, EurGeol., of Merlyn Consulting Ltd., which has been filed on SEDAR+ at
www.sedarplus.ca under the profile of the Company and on the Company’s website.
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, timing and completion of any exploration
on the Company’s properties , estimates of mineralization from drilling, sampling and geophysical
surveys, geological information projected from drilling and sampling results and the potential quantities
and grades of the target zones, the potential for minerals and/or mineral resources and reserves ,
intentions, be liefs, and current expectations of the Prospect Mountain Mine complex and the
Company, including 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, expectat ions or intentions
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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, 202 4 and the
period ended March 31, 2025 available at www.sedarplus.ca, 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, wheth er 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.