We already know for a fact that there is a lot of near surface oxide gold/silver at North Peak Resources (TSXV: NPR)'s newly acquired Prospect Mountain Mine Complex.
When European American Resources optioned the Prospect Mountain Mine Complex in 1997-2001, they drilled 91 closely spaced together drill holes totaling 8,417 meters in the Wabash area of the property, with each hole averaging only 92m in depth. All of these drill holes were vertical. European American Resources had an inexperienced management team that didn't know what they were doing, yet even they managed to make the following near surface oxide gold/silver discoveries on NPR's property:
15.24m of 4.08 g/t gold and 59.92 g/t silver
21.34m of 4.52 g/t gold and 34.98 g/t silver
12.19m of 2.98 g/t gold and 38.74 g/t silver
13.72m of 2.89 g/t gold and 42.3 g/t silver
12.19m of 3.09 g/t gold and 8.9 g/t silver
16.76m of 4.09 g/t gold and 25.3 g/t silver
13.72m of 5.61 g/t gold and 60.8 g/t silver
24.38m of 8.24 g/t gold and 22.61 g/t silver
NPR knows this is there, but they aren't drilling in this section... because the CRD deposits that NPR is targeting have the potential to send NPR's market cap up to $100-$200 million in a single day. They just need one successful discovery hole and NPR will instantly be $5+ per share.
We won't have to wait long! NPR is only starting off by drilling approximately 2,000m so we should have the results within the next few weeks! NPR has $8.7 million in cash as of June 30th, so they will be able to immediately follow up with a much larger Phase 2 drilling program!
This is exactly like when NPR's CEO Brian Hinchcliffe founded Kirkland Lake Gold in 2001, all over again! We are not saying NPR will become a $13.5 billion company like Kirkland Lake Gold did, because it took 20 years for Kirkland Lake Gold to be built into a $13.5 billion company. After NPR's CEO Brian Hinchcliffe left Kirkland Lake Gold after 12 years as its CEO, he founded and became CEO of Rupert Resources (TSX: RUP) in March 2016, which saw its share price gain by 10,000% within the following six years!
NPR's CEO Brian Hinchcliffe is the second most successful executive in the history of the gold mining/exploration industry after only Augusta Gold (TSX: G)'s Executive Chairman Richard Warke! We believe that both NPR and G are ready to rally by 500%-1,000% within months!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 60,000 shares of NPR in the open market and intends to buy more shares. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.