NewPeak Metals Ltd (ASX) managing director Mark Purcell talked with Proactive about assay results from the first drill hole of the company’s 2026 drilling program at its 100%-owned Las Opeñas Gold Project in San Juan Province, Argentina.

The company confirmed a large-scale gold-zinc-silver discovery from discovery hole 26-LODH-023, which returned mineralisation across the full 663-metre hole at 0.41 grams per tonne gold equivalent. The result included 0.16 grams per tonne gold, 0.65% zinc and 4.53 grams per tonne silver from surface to end of hole.

NewPeak Metals shares surged in morning trade after the announcement, rising as high as A$0.031, representing an intraday gain of about 107% from the previous close of A$0.015.

Purcell said the company had been targeting a gold-dominant bulk-tonnage opportunity, with silver and zinc present as potential by-products. He noted that assays from the remaining five holes are expected over the next three to six weeks, with the company hoping to move toward a resource at Las Opeñas as soon as possible, depending on the results.

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