North Peak Gains 20.69% to New 52-Week High of $1.40
North Peak Resources (TSXV: NPR) gained by 20.69% today to a new 52-week high of $1.40 per share.
NPR resembles Kirkland Lake Gold in 2001, prior to NPR Executive Chairman Harry Dobson taking its market cap from $20 million to $2 billion.
If NPR's Industry Tunnel and/or Dean Cave drill core assays are very high grade (which seems likely given the channel samples up to 90.4 g/t gold), NPR may want to lead into the blockbuster results with a warm-up announcement.
The so-called “waste dumps” at Prospect Mountain were created between 1880 and 1950, when only spectacular ore — often 15–50 g/t gold, 600–1,800 g/t silver, 10–25% lead, and 5–15% zinc — was sent to the mill. Anything less was tossed aside. What was considered “waste” a century ago could be extremely economic today, potentially allowing NPR to begin generating meaningful revenue in 2026.
In March, Borealis Mining (TSXV: BOGO) had a low market cap similar to NPR today. By simply processing its surface stockpile — and without delivering any major new discoveries — BOGO soared to a market cap of ~$260 million by the end of November.
NPR has an estimated 220,000 tons of material at the Diamond Tunnel dump, compared to BOGO’s 327,000-ton stockpile prior to processing. Historic sampling at the dump showed feed grades ranging from a low of 0.76 g/t gold, 27.5 g/t silver to a high of 3.19 g/t gold, 34.46 g/t silver — which strongly suggests that NPR’s material could be higher grade than the 0.50 g/t gold stockpile BOGO recently processed.
If NPR confirms these grades with assays now pending, its “waste” dumps could quickly become one of the highest-margin, near-surface oxide feed sources in Nevada — potentially transforming NPR’s valuation in a very short period of time.
BOGO's largest shareholder Rob McEwen recently purchased the property directly adjacent to the south of NPR's Prospect Mountain Mine Complex.
i-80 Gold (TSX: IAU)'s flagship Ruby Hill Complex is located directly adjacent to the north of NPR's Prospect Mountain Mine Complex. i-80 Gold closed today at a record high market cap of $1.603 billion.
Click here to read NIA's #1 most important alert in history entitled, 'NIA’s Favorite Gold Mining Projects'.
Past performance is not an indicator of future returns. NIA is not an investment advisor. Always do your own research. NIA’s President has purchased 60,000 shares of NPR in the open market and intends to buy more shares. NIA has received compensation from NPR of US$50,000 cash for a six-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. NIA previously received compensation from BOGO of US$100,000 cash for a twelve-month marketing contract which has expired. This message is for informational and educational purposes only.
