CALGARY,
AB, July 8, 2022 /CNW/ - North Peak
Resources Ltd. (TSXV: NPR) (the "Company" or
"North Peak") announces that it filed a 43-101 Technical
Report for the Kenogami Lake Project (the "Kenogami
Project") titled "Technical Report on the Kenogami Lake
Project, Ontario, Canada Report for NI 43-101" dated effective
March 15, 2022 (the "2022
Technical Report"), prepared by Tudorel Ciuculescu, M. Sc. P.
Geo of SLR Consulting (Canada)
Ltd., on SEDAR at www.sedar.com under the profile of the
Company.
The Company holds an option to acquire a 100% interest in and to
the Kenogami Lake Project (the "Kenogami Option"). The
Kenogami Option was granted to the Company in connection with its
"Change of Business" transaction that it completed on June 26, 2020. Pursuant to that transaction
the Company issued a Management Information Circular dated
May 13, 2020 which included
information and excerpts from the technical report on the Kenogami
Project titled "Technical Report on the Leahy Property,
Kirkland Lake Area, Ontario, Canada" dated effective March 31, 2020, (the "2020 Technical
Report"), also prepared by prepared by Tudorel Ciuculescu, M.
Sc. P. Geo of SLR Consulting (Canada) Ltd.
The material differences between the 2022 Technical Report and
the 2020 Technical Report, and therefore effects the disclosure in
the Circular, are as follows:
- the 2022 Technical Report recognizes the name change that the
Company made in connection with the aforementioned "Change of
Business" transaction;
- the 2022 Technical Report takes into account a more current
site visit as completed by Mr. Ciuculescu on March 7, 2022; and
- the 2022 Technical Report includes the results of the single
drill hole drilled by the Company on the Kenogami Project in
2021.
About North Peak
Resources
The Company is a Canadian based gold exploration and development
company that is listed on the TSX Venture Exchange under the symbol
"NPR". The Company holds an option to acquire the 2,733-acre Black
Horse gold and silver property located approximately 50 miles east
of Ely within the Black Horse
mining district in White Pine County,
Nevada. See the Company's January 11,
2022 press release for additional information.
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, estimates of mineralization from drilling, geological
information projected from sampling results and the potential
quantities and grades of the target zones, potential for minerals
and/or mineral resources and statements regarding the plans,
intentions, beliefs, and current expectations of the Company 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, expectations or
intentions 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,
2021, and the period ended March 31,
2022 available at www.sedar.com, 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,
whether 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.
SOURCE North Peak Resources Ltd.
