NewPeak Metals Limited (ASX: NPM) is a mineral resource company focussed on tier 1 Gold exploration projects.

NewPeak Metals is advancing a group of Gold projects in New Zealand, Finland and Argentina towards Resource Definition, and classification to the internationally recognised Australian JORC Standard. NewPeak has a substantial holding in Australian based and ASX-listed oil and gas exploration company Lakes Oil NL (ASX:LKO).

Binding Term Sheets have been executed to acquire, subject to regulatory approvals, interests in mineral permits in the Gold-rich Central Otago region of New Zealand’s South Island. The Company has:

• entered into a Binding Term Sheet to earn a 75% interest in the Cap Burn Gold Project. Comprehensive surface exploration to date shows anomalous Gold-Arsenic mineralisation over 6 km2, with rock samples up to 3 g/t Gold, interpreted to be similar to the nearby Macraes Mine.

• entered into a Binding Term Sheet to acquire a 100% interest in the:

  • Rock and Pillar Prospecting Permit Appliction (PPA) which surrounds the Cap Burn Project;

  • Filly Burn PPA adjacent to OceanaGold’s Macraes Mine; and

  • the Raggedy Range PPA.

• applied for Exploration Permit Application (EPA) at Wild Dog Creek, adjacent to OceanaGold’s Macraes Mine.

NewPeak has acquired 100% of the interest in a number of highly prospective Gold exploration permits in Finland, known as the Tampere Gold Project. Sotkamo’s portfolio also includes a group of Tungsten Exploration Permits in Sweden, known as the Bergslagen Tungsten Project, which NewPeak will also acquire in the deal.

• Consideration for the 100% acquisition is €150,000 payable upon authorised transfer documentation of the permits to NewPeak. This follows execution of a Term Sheet with Sotkamo as reported to the ASX on 9 June 2020. 

• Gold Exploration Permits have previously been assessed by Sotkamo Silver AB and the Geological Survey of Finland through surface mapping, moraine geochemistry, ground geophysics (magnetics and IP) and diamond drilling.

• Historical Gold diamond drilling results are very promising particularly at the most advanced prospect, Hopeavouri where 54 shallow diamond holes (3,341m) have been drilled. The drilling at Hopeavouri has only tested to 75‐100m below surface with some of the best drillhole intersections reported by Sotkamo including:

  • R305: 11.5m at 19.4 g/t Gold from 30.6m depth;

  • R313: 10.7m at 14.4 g/t Gold from 4.0m depth; 

  • R330: 3.0m at 106.7 g/t Gold from 22.0m depth;

See the latest Corporate Presentation:
Finland Gold Acquisition

Interview with
CRUX Investor
at 121 London 2019

Spotlight on
Las Opeñas Gold Project
High Grade Results

TAMPERE GOLD PROJECT,
FINLAND

Location is classed as European Union’s top producer of Gold. Historical diamond drilling results are very promising particularly at the most advanced prospect, Hopeavouri with results as high as 11.5m at 19.4 g/t Gold from 30.6m depth.

CACHI GOLD PROJECT,
ARGENTINA

A 46,892ha lease package in Santa Cruz Province. A prime geographical location with high value assays from surface exploration, and a detailed drilling program in planning for the summer of 2019/2020.

Las Opeñas Gold Project, ARGENTINA

Bordering the Indio Belt, where there are multi-millon-once gold deposits e.g. Veladero (12Moz) and Pascua Lama (18Moz). NewPeak undertook first phase drilling in March 2019 confirming high grade mineralised zones.