Company: Peak Minerals
Stock Symbol: CSE:PEK
Date Published: Sep 30, 2022
Transcript: Available

Video Transcript:

Peak Minerals (CSE:PEK) is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “PEK”, following its Initial Public Offering.

The company raised gross proceeds of $402,500 from the issuance of 4,025,000 shares priced at $0.10 per share, as the Agent, Haywood Securities, exercised their option to increase the offering by 15%.

Peak Minerals is engaged in the business of mineral exploration and the acquisition of mineral
property assets in Canada.

In June 2021, the company was granted an option to earn up to a 75% interest in the Aida Property, located near Kamloops, British Columbia.

The Aida Property consists of 5 mineral claims covering approximately 2,335 hectares located on the Shuswap Highland within the Kamloops Mining Division.

There are three Minfile showings on the property; Mount Ida, Bonnie Brae, and Sunset.

The property has a history going back to the 1920s, when a sampling of a vein at the Miller adit
reported values 2.74 and 7.54 g/t palladium, 12.0 and 8.23 g/t gold and 0.69 g/t platinum across a 4.75 foot width.

Peak Minerals conducted an exploration program on the Aida Property from June 30 to July 19, 2021, collecting 656 soil samples, 28 rock samples, and 6 property wide silt samples.

One gold in soil anomaly returned 83 ppb gold with several anomalies ranging from 12 to 25 ppb
Au scattered through the grid area.

Several rocks returned anomalous values, with Sample 907409 returning 218 ppm silver, 1,020 ppm copper, and 5,050 ppm zinc.

Sample 907406 returned 115 ppm silver, 711 ppm copper, and 12,300 ppm zinc, with Sample 907408 returning 145 ppm silver, 972 ppm copper, and 17,300 ppm zinc, and Sample 907427
returning 31 ppm silver, 1,060 ppm copper, and 60,400 ppm zinc.

The company has a proposed budget of $114,000 to undertake a property wide a UAV-borne Geophysical Survey, trace known mineralized horizons with selective detailed geochemical sampling, and complete detailed geochemistry and mapping combined with hand surface trenching of other areas of interest.

The shares are currently bid at $0.11 with no trades yet.

For more information, please contact Gary Musil, CEO, by email at GMusil@outlook.com.