NewPeak Metals Limited, announced further 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 100 square kilometres with multiple large targets. It is in the Deseado Massif and within the Santa Cruz province, host to numerous other multi-million-ounce epithermal style Gold-Silver deposits. During January and February two phases of field exploration were undertaken at Cachi. The first phase of field work, undertaken during January, focused on regional traverse style mapping across the tenement, coupled with a comprehensive review of all existing data, including the recently acquired (December 2021) expanded magnetics and Induced Polarisation (IP) geophysical surveys. The aim of the mapping was to further refine the stratigraphy, structural setting and mineralisation timing of the Cachi area. The work has provided a solid geological and structural understanding of the project area and confirmed that chargeability data from the IP work is effective in highlighting zones of pyritization often associated with gold mineralisation. The work also confirmed that the current suite of targets in the south of the project area poses numerous geologically features, favourable for gold mineralisation, such as: robust WNW and ENE-E striking zones of structures with a clear control on the main mineralized prospects, the occurrence of felsic domes to which mineralization is spatially or perhaps genetically linked, the presence of several litho-types offering favourable rheology for vein formation. These findings support the current geological strategy of focusing further exploration in this area with several vein systems in the SE part of the Cachi property remaining to be drill-tested. During February, a total of 124 surface rockchips samples, including 32 channel samples were taken at the Morena, Patricia, Puma, Vetas Cachi and Simon targets, to complement the mapping undertaken in January. 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.