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New Listing: North Peak Resources (TSXV:NPR)

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The company’s stated strategy is to target properties with the potential to have low operating cost, long mining life and in politically safe jurisdictions and it is actively looking to acquire further assets that meet its criteria.

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Additional Information:

Company: North Peak Resources
Website: http://www.NorthPeakResources.com
Stock Symbol: TSXV: NPR
Date Published: Jul 2, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

North Peak Resources is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “NPR”, following its change of business, having previously traded as Interbit Ltd.

The company has an option to acquire a 100% interest in the Leahy Property, subject to the necessary shareholder and Exchange approvals.

The property, which consists of 27 mineral claims totaling approximately 500 hectares, is located in the north central Eby Township approximately 15 kilometres southwest of Kirkland Lake, within the southern Abitibi greenstone belt in northern Ontario.

It is just 10 kilometers west-southwest of the producing Macassa Mine.

Although the Leahy Property has been explored sporadically for over seventy years, the majority of exploration programs tended to be of limited scope and the fact that the claims are water covered has inhibited any comprehensive understanding of the Leahy Property geology.

From 1979 through 2004, four airborne magnetic and electromagnetic or Very Low Frequency surveys were conducted over the property with 3 magnetic and IP surveys carried out on the ice over selected parts of the property between 1998 to 2011.

In addition, between 1939 through 2011, seven different companies drilled 19 drill holes within the current property boundaries.

The company is backed by a team of experienced mining investors and developers, many of whom founded Kirkland Lake Gold.

The team has a successful track record of financing and developing mines and has raised in excess of $3.5 billion capex for all projects and is focused on delivering shareholder value.

The company’s stated strategy is to target properties with the potential to have low operating cost, long mining life and in politically safe jurisdictions and it is actively looking to acquire further assets that meet its criteria.

The Technical Report dated March 31, 2020, which is filed on Sedar, proposes an initial winter program including an IP survey over the whole Leahy Property followed by diamond drilling.

It is interesting to note that the early stage exploration drilling work contemplated for the property does not require permits, which are only required for drilling if there are planned water crossings.

The shares are trading at $0.85.

For more information, please visit the company’s website www.NorthPeakResources.com, contact Brian Hinchcliffe, CEO, at 914-815-2773 or email info@NorthPeakResources.com.

I’m Casandra Bolinski for Investmentpitch Media