North Peak Resources Acquires Full Stake in Prospect Mountain Mine

North Peak Resources Ltd. has finalized the acquisition of the remaining 20% interest in the Prospect Mountain Mine complex in Eureka, Nevada. The company previously held an 80% stake, and this latest move involved issuing three million new shares to Solarljos, LLC. CEO Rupert Williams highlighted the importance of modern geological evaluations, affirming the site's potential. The mine, part of a historical high-grade gold and polymetallic mining camp, is now fully owned by North Peak, who is eager to apply advanced exploration techniques.

In 2024, North Peak conducted a successful drilling campaign that revealed significant high-grade gold mineralization. Detailed geophysical and geochemical surveys suggested a vast potential for unexploited resources, including a 2-km long conductive anomaly. These findings support the continued development efforts at the site. As part of the transaction, the Erickson family, former partial owners, retain some corporate rights, such as board representation.