NewPeak Metals Limited to provide final results for drilling completed in fourth quarter 2021, at the Satulinmäki prospect within the Finland Gold Project. The drilling program at the Satulinmäki prospect was designed, based on the current structural understanding, to test a number of concepts with regard to the possible controls on the previously intersected high-grade Gold zones. A total of 10 diamond drill holes for 1,955m was completed over the course of the drilling program.

Drilling focused primarily on the main mineralisation zone identified by historical drilling, specifically a NE-SW trending corridor. The aim of the drilling in this area was to further delineate structurally controlled, high grade shoots within the southwest 300 x 200m portion of the corridor. Drilling suggests mineralisation is structurally controlled by a steeply dipping, broadly northeast striking foliation.

The foliation hosts zones of varying intensity possibly representing shear zones. In conjunction with this is evidence of tight folding. A wide mineralised corridor has been defined by drilling to date, with zones of higher grades over short to medium intervals.

The controls on these higher grade zones are not yet well understood but is believed to be related to the intensity of the shear zones and folding. Further work is requited to be undertaken to progress the Satulinmäki prospect as well as other multiple highly prospective targets within the NewPeak suite of Finland permits. Results from the drilling have been encouraging with anomalous mineralisation occurring across a wide corridor.

Significant intercepts from the complete NewPeak drilling program are: 5m @ 1.79g/t Gold from 20m in drillhole SM0008 including 1m @ 4.29g/t Gold from 23m; 15m @ 0.68g/t Gold from 43m in drillhole SM0009; 9m @ 0.88g/t Gold from 55m in drillhole SM0010; 4m @ 1.39g/t Gold from 257m in drillhole SM0010 including 1m @ 3.29g/t Gold from 260m; 10m @ 1.03g/t Gold from 116.4m in drillhole SM0011; 12m @ 0.89g/t Gold from 83m in drillhole SM0012 including 1m @ 4.97g/t Gold from 91m; 4m @ 5.64g/t Gold from 112m in drillhole SM0012 including 1m @ 19.75g/t Gold from 113m; 3m @ 4.78g/t Gold from 154m in drillhole SM0012 including 1m @ 13.40g/t Gold from 155m; 7m @ 0.94g/t Gold from 45m in drillhole SM0013; 12m @ 1.13g/t Gold from 196m in drillhole SM0014; 20m @ 0.72g/t Gold from 103m in drillhole SM0015. Geochemical and petrological studies previously undertaken on historical drillhole data identified that mineralisation is predominantly associated with calc-silicate veins and adjacent alteration halos. Pyrite, pyrrhotite and arsenopyrite are the main sulphides also present within the Gold bearing zones.

A wide mineralised corridor has been defined by drilling to date, with zones of higher grades over short to medium intervals. The controls on these higher grade zones are not yet well understood but is believed to be related to the intensity of the shear zones and folding. The NewPeak suite of tenements within the Somero and Forssa areas, around Satulinmaki, cover close to 2,500ha of ground.

These tenements are host to multiple Gold targets at various stages of development with multiple high grade rock chip and boulder samples returning up to 77g/t Gold. More exploration work is required to further develop these targets, which will provide multiple opportunities to unlock the potential of this area.