Calgary, Alberta — February 24, 2026 — Leads & Copy —
North Peak Resources Ltd. (TSXV: NPR) (OTCQB: NPRLF) has announced results from the remaining holes of the 2025 RC drill program at the Dean Cave and Lower PME targets on its Prospect Mountain property, Nevada.
The latest results from the Lower PME area have returned a significant intersection around the Hamburg-Dunderberg contact, indicating that the same contact generating the large mineralizing system present to the east of the Property, on the Windfall trend continues downdip onto the Property.
According to Rupert Williams, CEO of North Peak, finding 90 meters of continuous mineralization in the Lower PME area is a pivotal moment for the company’s exploration thesis. He added that the scale of the alteration and the consistency of the gold and silver values are classic hallmarks of being on the doorstep of a much larger system. Given the extensive drilling activity of McEwen Mining at the same contact zone immediately to the east and south of the Property, he believes this is a very important result for the Company.
Drill hole PM25-014RC intersected 88.4m averaging 0.24 g/t Au and 15.7 g/t Ag from 425.2m above the critical Hamburg Dolomite and Dunderberg shale contact.
The intersection was a blind target beneath overthrust barren rocks that has not been systematically explored.
The mineralization remains open in all directions, and the width and grade supports a single historical hole in the area drilled by Homestake/Barrick in 2001, some 320m away. The Homestake vertical RC hole (HRH1725) intersected 10.67m @ 4.05 g/t Au, 16 g/t Ag from 173.74m, 16.76 m @ 1.61g/t Au, 92.46 g/t Ag from 358.14m and 3.05m @ 1.62 g/t Au, 140.35 g/t Ag from 399.29m within Hamburg dolomite as it approached the Dunderberg shale contact.
Three holes were drilled into the Lower PME area totaling 1416m with only PM25-014RC hitting the target contact zone of the Hamburg Dolomite and the Dunderberg Shale. This contact is regionally important for controlling mineralization and is associated with the Windfall trend mineralization and Ruby Deeps resource. The zone is significant in that it was consistently mineralized throughout, and although mostly oxidized, was only weakly bleached. The intersection is typically enriched in Au, Ag, As, Tl, Zn and Pb, and is very similar to historic hole HRH1725 which also encountered mineralized Ch above the Cd contact.
The area is structurally complex, and further drilling needs to be undertaken to understand the significance of this new intersection in the context of the historical hole and the other holes which were finished too soon to reach target. Drill targeting is difficult, as the Ch-Cd contact is hidden beneath barren cover rocks. The company intends to seek permission for further pads in this area with the intention of drilling later in 2026.
Three holes were drilled to completion in the Dean Cave complex area totaling 1419m and two holes were abandoned due to excessive deviation and a stuck hammer respectively. The holes were aimed to test for the upward continuation of mineralization from the Dean and East Cave complexes along the projected fault intersections. Despite promising alteration and gossan being present in the upper part of the holes, in the vicinity of the historic Orange tunnel, gold values were only weakly anomalous. A best assay of 1.01 g/t Au over 5ft is recorded in hole PM25-012RC. Long intersections of anomalous zinc are associated with the alteration and gossans suggesting the holes were slightly distal to main mineralization.
The Company also continues to progress assessing the waste pile economic viability and metallurgical tests are ongoing, with results now expected in Q2 2026. These results will enable the Company to assess and formalize toll processing options.
North Peak 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.
A Plan of Operations is in place which covers part of the Property and entitles an operator to pursue surface exploration, 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 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.
The Company cautions that mineralization on adjacent properties is not necessarily indicative of mineralization on the Property.
Source: North Peak Resources Ltd.
