North Peak Resources (TSXV: NPR) gained by 10% today to $0.77 per share.
McEwen Mining (MUX) recently acquired the property directly south of NPR and they have also been consistently hitting significant gold intercepts: click here to read MUX's March 3rd press release!
NPR is like a Highlander Silver (CSE: HSLV) type of play, but it is based in Nevada. Beyond confirming the previously discovered gold of European American Resources (EPAR) from when the Prospect Mountain Mine Complex was last drilled in 1998/1999, North Peak's drilling has unveiled new mineralized trends not previously identified by EPAR. Notably, hole PM24-039 intersected 22.9 meters at 12.0 g/t Au, including 3.0 meters at 85.7 g/t Au, in an area northwest of prior drilling, indicating a new Western trend of mineralization. Additionally, hole PM24-004 revealed 126.5 meters at 1.06 g/t Au from surface, suggesting continuous lower grade gold mineralization between the Wabash and Williams trends, which was not delineated in EPAR's 94-hole drilling program in 1998/1999.
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. NIA's President has purchased 125,000 shares of HSLV and can buy or sell shares at any time. NIA's President has purchased 60,000 shares of NPR in the open market and may purchase more shares. NIA has received compensation from NPR of US$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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