North Peak Resources Ltd. announced that permission has been received from the Bureau of Land Management (the "BLM") to carry out its exploration drilling programs on the Black Horse gold and silver property (the "Black Horse Property") following the Company obtaining an option in mid-December 2021 to acquire the Black Horse Property from Minex, LLC. The Company will post the necessary bond obligations and can then proceed with the diamond and reverse circulation drilling programs being designed to confirm and expand the historical inferred mineral resource estimate for gold on the previously drilled 2,733 acre Black Horse Property. The Black Horse Property has within its boundaries the historic Black Horse and San Pedro gold mines, amongst the most successful of the historic gold mines and claims that were mined from 1905 to 1913, during the early years of Nevada's high grade gold camp mining in the area.

Records and texts report that some of the richest ore ever discovered and reported upon in Nevada came from the Black Horse mine. The Mineral Resources Data System of the Nevada Bureau of Mines and Geology currently indicates that there are no less than 21 historic mine shafts and 20 adits within the boundaries of the Black Horse Property. Upon the initial gold discovery in the Black Horse mining district, over 100 individuals staked claims in the area, starting a rush that emptied out the nearby settlement of Osceola and initiated the creation of the town of Black Horse (no longer in existence), which housed 400 people and supported this historic mining activity.