- NewPeak Metals (NPM) releases results from 124 surface exploration samples taken at its Las Opeñas gold project in Argentina
- The company says gold and base metal mineralisation is strongest at surface with up to 19.2 g/t gold from additional sampling at the northern GAIP geophysical anomaly
- A new zone of breccia has been discovered at surface within the main southern GAIP anomaly
- The company also says sample results continue to reinforce the project as a priority target for drilling with the next phase of drilling in the pipeline
- Shares have been trading flat at .2 cents
NewPeak Metals (NPM) has released results from 124 surface exploration samples taken at its Las Opeñas gold project in Argentina.
The company says its northern and southern GAIP anomalies show promise in contrasting ways.
The northern anomaly displays the strongest surface indicators for precious metals and base metal mineralisation. The company has defined grades of up to 19.2 g/t gold.
Meanwhile a new zone of breccia has been discovered at surface within the main GAIP south anomaly. The company has also discovered deeper geophysical chargeability response indicates mineralisation may be deeper in this area.
The company says this potentially indicates that mineralisation associated
with the southern anomaly is also likely to be at depth.
The company also says the sample results continue to reinforce that Las Opeñas is a priority target for drilling with surface exploration reinforcing the potential indicated by the geophysical anomalies.
It goes on to say the work undertaken provides further valuable information to guide the next phase of drilling.
Shares were in the grey at .2 cents at 11.53 am AEDT.