New Peak Metals

NewPeak Metals has gold exploration projects in Finland, Sweden, Argentina and New Zealand. In Finland, the company is focused on defining a gold resource at its Satulinmäki and Hopeavuori prospects. Drilling is underway at Satulinmäki with the goal of establishing a JORC-compliant resource by the end of 2021.

In Sweden, NewPeak is targeting a tungsten resource definition at its historic mine areas during the first half of 2022. An exploration target ranging from 1.8 to 3.1 million tonnes at 0.3-0.5% WO3 grade has been outlined near the Yxsjöberg and Sandudden mining areas.

At the Las Opeñas project in Argentina, NewPeak aims to define a gold resource through drilling in 2022. Initial drilling has revealed anomalous gold over a large area and epithermal vein and breccia targets will be tested further.

In New Zealand, the Otago gold project includes historical mining areas and drill targets that NewPeak is seeking a joint venture partner to advance. The company also holds a 29% stake in Lakes Blue Energy which has oil and gas assets.

NewPeak's strategy focuses on leveraging existing data to establish resource estimates at its projects. Near term catalysts are ongoing drill results and progression of projects towards initial resource delineation.