North Peak Resources Ltd. announces partial assay results from one of two core drill holes drilled in 2017 from surface at the Prospect Mountain Mine complex in Eureka, Nevada and which have now been partially assayed. 14.9 g/t Au, 227 g/t Ag, 0.9% Pb and 0.55% Zn over 1.2 m from 444.0 m downhole, which included *49 g/t Au, 579 g/t Ag, 1.6% Pb and 0.4% Zn over 0.4 m. 8.0% Zn over 7.0 m from 100.8m downhole, including 4 intervals of greater than 10% Zn with a maximum result of 23% Zn. Hole WS02 was drilled in 2017.

Noteworthy is the fact that the hole was drilled without the benefit of any modern techniques to target anomalies (like numerous types of geophysics); it was a real wild-cat hole. The fact that several significant new mineralized zones were identified bodes well for future exploration. Also noteworthy is the lack of historical zinc production from the Property workings.

It is possible that because it has been oxidized above the water table and thus is difficult to identify (generally white minerals in a white host rock), there is substantial amounts of zinc present. The zinc intersection of 8.0% Zn over 7.0 m is located 90 m (295 ft) above the underground workings (stopes) at shaft 2. The zone is characterized by recrystallized zebra striping into an intense breccia zone with bands of strong alteration, limonite clays, pervasive oxidation, and a gossan seam. The high-grade gold intersection of 14.9 g/t is located on strike from the "4th of July" stope which is 280 m southeast.

It is in a very good limonite cave breccia zone similar to what was mined in the past. 396-488 m is a highly altered structural zone with many displays of alteration and mineralization. Marble zone starting at around 401-428 m then turns into banded to pervasively bleached and altered zones with hematite and limonite clays.

A cave breccia zone (443-446 m) with a strong limonitic clay portion (446-447 m). Following the cave breccia zone, have bands of oxidation and bleaching, a few quartz veins commonly containing malachite. 457-475 m is another zone of strong recrystallization and marbleization.

1470-1560 m show patchy to pervasive zones of silicification. The new mineralized zones are generally located well away from the mining that took place over the past 150 years. They are thought to represent CRD mineralization.

Follow-up drilling is expected to be undertaken in 2023 to delineate strike and dip of the new horizons. Drilling will also test several priority geophysical targets identified on the Property. A MobileMT airborne geophysics survey has been completed and the Company is awaiting final results.

Two magnetic surveys are also being undertaken - one a drone survey North Peak is collaborating with i80 and Golden Lake on. A ground gravity survey will also take place soon. It is thought the contrast between dense lead mineralization will offer a strong contrast to the host light limestones.

Soil and chip samples are being taken across the property to further define targets on surface. Underground channel sampling is being completed to try and identify targets to vector using the geochemical anomalies that frequently are present as large haloes around deposits.