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NewPeak Metals Limited (ASX:NPM)

ALERT: Price-sensitive ASX Announcement for NPM
Current share price for NPM : $0.007 -0.002 (-22.22%)+
Announcement
Release
15 Sep 2026 8:13AM
Price at Release
$0.009
Full Release
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Summary
NewPeak Metals Limited announced that Phase 2 diamond drilling at its 100%-owned Las Opeñas Gold Project in San Juan Province, Argentina is scheduled to begin in mid-October 2026, with a minimum 1,000m program fully funded from a recently completed placement and aimed at testing for higher gold grades west of the Phase 1 discovery holes. The company said Phase 1 confirmed a genuinely large-scale gold-zinc-silver mineralised system that remains open in multiple directions, especially to the west-southwest toward the Belleza Breccia volcanic centre, where gold grades appear to strengthen and where management believes a higher-gold-grade core may exist. The announcement highlighted major intercepts from recent discovery holes including LODH-023, which returned 663m at 0.42g/t AuEq from surface including 283m at 0.67g/t AuEq from 7m, and LODH-027, which returned 657m at 0.30g/t AuEq from surface including 117m at 0.60g/t AuEq from 77m and 284m at 0.40g/t AuEq from 77m. NewPeak stated that Phase 2 will initially be a small, targeted drilling campaign, with potential to add metres depending on core observations, rig availability and funding, while relogging and geochemical analysis of Phase 1 data continues to refine drill targets.
Key Points
  • Phase 2 drilling at the 100%-owned Las Opeñas Gold Project is scheduled to commence in mid-October 2026.
  • The minimum 1,000m diamond drilling program is fully funded from the proceeds of a recently completed placement.
  • Phase 2 is targeting a higher-gold-grade zone west of the recent discovery holes near the Belleza Breccia volcanic centre.
  • Phase 1 confirmed a large-scale mineralised gold-zinc-silver system that remains open in multiple directions, particularly to the west-southwest.
  • Discovery hole LODH-023 returned 663m at 0.42g/t AuEq from surface, including 283m at 0.67g/t AuEq from 7m.
  • Discovery hole LODH-027 returned 657m at 0.30g/t AuEq from surface, including 117m at 0.60g/t AuEq from 77m and 284m at 0.40g/t AuEq from 77m.
  • NewPeak is continuing detailed relogging and geochemical interrogation of Phase 1 data while refining Phase 2 hole locations.
  • Las Opeñas is located in San Juan Province, Argentina, about 70km southeast of Veladero and 110km north-northwest of Hualilan.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.