NEWPEAK METALS LIMITED NewPeak Metals Limited to provide results for further surface exploration undertaken at the Las Opeñas Gold Project, Argentina. The results have identified that the north and south GAIP anomaly show promise in contrasting ways. The northern GAIP anomaly displays the strongest surface indicators for precious metals (Gold & Silver) and base metal (Lead) mineralisation.
In the south, the discovery of a new breccia zone and deeper geophysical chargeability response indicates mineralisation may be deeper in this area. Notable results from the most recent sampling are: 19.17g/t Gold, 34g/t Silver (rockchip sample); 3.46g/t Gold, 8g/t Silver (rockchip sample); 3.44g/t Gold, 8g/t Silver (rockchip sample); and 1.99g/t Gold, 26g/t Silver (rockchip sample). The surface exploration comprised of sampling along 4 lines, each approximately 200m long.
A total of 80 representative samples were taken at 8m intervals along each line. Sampling was undertaken by taking rock chip samples of outcrop or by taking grab samples of float where outcrop was not present. Another 44 rock chip samples were taken over the east-west striking vein breccias in the south-eastern area.
A total of 124 samples, excluding quality control samples were dispatched to the Alex Stewart Laboratories in Perito Moreno, Santa Cruz. Assaying methods requested included 30g Fire Assay with AAS finish for Gold analysis and 4 Acid Digest Multi-element analysis for 39 other elements which includes Silver. Surface mapping across the Southern geophysical anomaly identified a new zone of phreatomagmatic breccia, an important rock unit within the mineralised breccia system.
Whilst elevated surface Gold results from sampling across the southern anomaly are sporadic, the geophysical section at IP-L400 indicates the main chargeability response is at depth. This potentially indicates that mineralisation associated with the southern anomaly is also likely to be at depth. The northern anomaly however has returned consistent zones of elevated Gold at surface which correlates well to the geophysical section at IP-L400 which has high chargeability at surface which continues at depth.
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. The work undertaken provides further valuable information to guide the next phase of drilling. During December 2021, additional geophysics was undertaken at the Cachi Gold Project.
The work undertaken involved the expansion of existing ground magnetics data to the north and south and Induced Polarisation (IP) geophysics being carried out on structural zones to map sulphides and assist future drill planning. The processing and interpretation of this data are expected to be complete by early February.
