NewPeak Metals Begins Drilling at Tansey Gold Project in Queensland

NewPeak Metals Launches Drilling Program at Tansey Gold Project

NewPeak Metals has appointed Associated Exploration Drillers to begin drilling at the Tansey gold project in south-east Queensland, Australia. Drilling will start in January 2026 and is expected to take three weeks. After drilling, samples will be sent for assaying to assess the mineral content. NewPeak’s drilling program will focus on both deepening the historical South Burnett gold mine workings and expanding the gold strike at depth in multiple directions.

NewPeak plans to drill two angled holes to explore deeper into the old mine, which ceased operations in the 1940s. Another two holes will target the extension of the gold strike at depth. This initiative is part of NewPeak’s strategy to assess and expand the gold resources at the Tansey project.

Drilling Details and Resource Expansion Strategy

The drilling program will cover 1,100 meters across four HQ diamond drill holes. The Tansey project lies within Goldstrike Mining, a subsidiary of NewPeak, and is situated in Queensland’s EPM 26368 permit area, covering about 12 km². This site is located 60 km west-northwest of Gympie, an area rich in historical gold mines, including the South Burnett gold mine. NewPeak’s aim is to extend known gold resources and identify new mineralized zones within the project.

With historical workings reaching depths of over 80 meters, NewPeak intends to build on the available data to further understand the deposit’s potential and enhance its resource estimates.

Expansion Efforts and Future Exploration

In addition to the Tansey drilling program, NewPeak is expanding its exploration footprint. The company, through its subsidiary Dorado Metals, has applied for two new tenements near the Tansey project. These tenements, EPMA 29270 Tanjan and EPMA 29269 Grongah, are located between ActiveX’s Booubyjan tenement and Kilkivan. They hold potential for porphyry copper and gold mineralization, further diversifying NewPeak’s asset portfolio.

Recently, NewPeak completed the acquisition of the remaining 49% of the Las Opeñas exploration permits in San Juan Province, Argentina, for $500,000 (A$763,397). This acquisition boosts NewPeak’s global exploration presence, but it also reduced the company’s cash balance to A$2.7 million. The company’s future exploration activities will depend on the success of the upcoming drilling program at Tansey.

SuperMetalPrice Commentary:

The drilling at NewPeak Metals’ Tansey Gold Project represents a significant step in expanding its gold exploration efforts in Queensland. The proximity to the South Burnett mine and the planned drilling strategy indicate strong potential for expanding gold resources in the region. The new tenements and recent acquisitions, including the Las Opeñas permits, enhance NewPeak’s portfolio. However, the company’s reduced cash balance underscores the need for successful drilling results to fund future exploration. The outcome of this drilling campaign will be crucial for shaping NewPeak’s exploration strategy and growth in the coming years.