Now the company’s flagship project is the Prospect Mountain Mine Complex (PMMC), which lies in the Battle Mountain Eureka trend, in an area known as the Southern Eureka Gold Belt. Three styles of mineralization have been identified here- Au only Carlin style mineralization, Polymetallic Carbonate Replacement mineralization (CRD) and carbonate hosted Porphyry Related Skarn gold, zinc and lead mineralization associated with cretaceous intrusions. At PMMC, was intermittently mined extensively from 1880-1958.
The property lies within the Ruby Hill lead gold and silver district which during the late 19th century was famous for its high-grade gold silver lead ores. Ore was first discovered at the property in the early 1870’s with limited production from the Diamond, Excelsior, Silver Conner, Deadbroke, and Metamoras mines, peaking in the 1890’s. The mines were consolidated in the 1930’s and sporadic small volume production continued into the 1980’s.
Extensive underground workings are present on the property, with approximately eleven miles (17.7 km) of adits, drifting and development. Ground conditions are excellent, and the workings and stopes are largely intact and accessible, despite their considerable age. Workings are accessed mainly through the Diamond Tunnel adit, which penetrates westwards into the side of the ridge at 7,900 ft (2408 m) above mean sea level (amsl) and joins an extensive north south trending series of workings that access multiple historic stopes over a 5500 ft (1676m) strike, accessing the 3 shafts that exist on this Main level. The Diamond mine area is connected to the deeper Silver Connor tunnel by an inclined winze from the 300-650’ level. Shaft 4 commences on the 650’ level and extends for 576 ft (175.6m) to 6640 ft amsl, giving over 2000’ (609.6m) of vertical extent to the historical workings. The mine is dry to the lowest levels of the workings due to it being above the water table.
* The Company can give no assurances at this time that the Prospect Mountain Mine Complex will fulfill the Company’s business development goals described above.
** Mr. Mike Sutton, P.Geo., a Director of North Peak Resources, is the Qualified Person (as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects) who reviewed and approved the foregoing scientific and technical disclosure on this webpage on behalf of the Company. The Qualified Person has not reviewed the mineral tenure, nor independently verified the legal status and ownership of the properties referenced above or any underlying property agreements.
