Announcement Date: 2021-12-02
Announcement Type: Exploration Update
Announcement Code: JORC
Company name: NewPeak Metals Ltd.
Project name: Cachi
Location: Argentina
Commodities: Gold,Silver,Lead
Highlight: Rock chip sampling results incl. 130.4g/t Au, 17,111g/t Ag
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: NewPeak Metals Limited, (Company, NewPeak, ASX: NPM) is pleased to announce a number of very encouraging results for the recent surface exploration undertaken at the Cachi Gold Project, Argentina. The Cachi Gold Project is a vast Caldera hosted epithermal Gold vein system spanning some 50 square kilometres with multiple large targets. The project is located in the Deseado Massif and within the Santa Cruz province, host to numerous other multi-million-ounce epithermal style Gold-Silver deposits. Surface work at Cachi continues to map epithermal veins as well as associated alteration at surface. Recently, a new target called Simon has been identified, with sampling revealing some exceptional Gold and Silver grades with elevated associated base metal content (130.4g/t Gold, 17.1kg/t Silver rock chip). Such results continue to provide support of NewPeak’s objective to discover and define a Gold resource to JORC standard at Cachi.
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