- NewPeak Metals (NPM) has announced gold and silver assays for its Argentina-based Cachi Gold Project
- The gold vein falls within Santa Cruz’ Deseado Massif, which also hosts multiple multi-million-ounce gold-silver deposits
- The most promising results from the newly named target, Simon, included 130.4g/t of gold and 17,111g/t or 1.7 per cent of silver rock chip
- In addition, NPM’s drilling program at the Finland gold project is nearing completion
- NewPeak traded steady at 0.2 cents a share at market close
NewPeak Metals (NPM) has announced gold and silver assays for its Argentina-based Cachi Gold Project.
The project is one of many others based in the vast Caldera-hosted epithermal gold vein system.
The gold vein falls within Santa Cruz’ Deseado Massif, which also hosts multiple multi-million-ounce gold-silver deposits.
The most promising results from the newly named target, Simon, included 130.4 grams per tonne (g/t) of gold and 17,111g/t or 1.7 per cent of silver rock chip.
Additional results include 7.5g/t of gold and 65g/t of silver and another of 2.9g/t of gold and 200g/t silver and 2.1 per cent of lead.
Magnetic and GAIP geological surveys are underway at Cachi and will help to further define these targets.
In addition, NPM announced an update on its Finland gold project where a drilling series is partway through.
According to the announcement, eight holes out of 10 have been drilled to a total depth of more than 1600 metres.
The remaining two holes will be drilled to the depths of 300 metres and will focus on testing two geophysical and geochemical anomalies.
NewPeak ended the day trading steady at 0.2 cents a share.