North Peak Resources has signed a non-binding Letter of Intent for option on Black Horse gold property in eastern Nevada which will allow the Company to meet its target of developing low cost, long life gold production in a politically safe jurisdiction.
Experience has demonstrated the importance of the exploration investment that will be made on the Black Horse property
A former producing gold property, the Black Horse was last drilled in the late 1990’s, has an existing surface gold resource and will be drilled for confirmatory and expansion purposes immediately following the signing of a Definitive Agreement. Gary Grauberger, who has 8 gold discoveries to his credit acquired the Black Horse claims and drilled over 300 holes in campaigns during 1997 and 1998.
The founders and management team of North Peak Resources have built and developed underground and open pit greenfield mines as well as restarting brownfield mining operations in Canada, North and South America and in Europe. These operations have ranged from gold mining companies such as Kirkland Lake Gold and Rupert Resources to base metal mines such as El Mochito and Rambler Metals & Mining's Ming mine to Mountain Province's Gahcho Kué open pit diamond mine. The team has demonstrated the importance of strategic exploration investment to maximise the value from mining assets.