North Peak Resources is actively looking to acquire assets that meet its key investment criteria of seeking to acquire metal producing assets whose costs of acquisition, development, and production are all significantly lower than the industry average with near term production potential in the northern hemisphere.
The Company holds an option to acquire the Kenogami Lake Project in Ontario.*
The Kenogami Lake Project
The Kenogami Lake Project is located in north-central Eby Township and in the southern part of adjacent Grenfell Township, approximately 15 km southwest of Kirkland Lake Ontario.
The central focus for gold potential on the property is associated with two significant structures, the Cadillac-Larder Lake Deformation Zone (CLLDZ), which has been traced onto the eastern extent of the property, and the Kirkland Lake Main Break (KLMB) which projects onto the property in the eastern bay of Kenogami Lake. All the Kirkland Lake deposits are associated with the KLMB and the major mining camps of Kirkland Lake, Larder Lake Cadillac, and Val d'Or are hosted by structures adjacent to and related to the CLLDZ.
* The Company can give no assurances at this time that the Kenogami Lake Project will fulfill the Company’s business development goals described above.