What is the latest update for NewPeak Metals (ASX:NPM) at Las Opeñas?

NewPeak Metals has officially commenced a diamond drilling program at its flagship Las Opeñas Gold Project located in San Juan Province, Argentina. The company has mobilized a rig to begin a systematic campaign aimed at testing gold and polymetallic anomalies.

What are the specific details of the NewPeak Metals (ASX:NPM) drilling program?

The initial phase consists of a minimum 2,500-meter program distributed across approximately nine diamond drill holes. Management has retained the optionality to expand the total drilling meterage depending on the results gathered during this first phase.

Why is the first drill hole significant for the Las Opeñas Gold Project?

The first hole of the program, LODH-023, is strategically targeting an area adjacent to and deeper than a successful 2012 historical intercept. By drilling at greater depths, NewPeak Metals aims to prove that the mineralization extends further down than previously recorded.

What were the historical results for NewPeak Metals (ASX:NPM) at this site?

Historical hole 12-LODH-03 returned a substantial intercept of 115 meters at 0.58g/t gold, 3.5g/t silver, 0.24% lead, and 0.65% zinc. This mineralization began at a shallow depth of 18 meters and continued to the end of the hole.

What is the exploration strategy for NewPeak Metals (ASX:NPM) in Argentina?

The company is using a systematic approach to test the extensions of historical gold and polymetallic anomalies. The goal is to confirm the grade and continuity of the ore body to determine if Las Opeñas can support a commercial mining operation.

NewPeak Metals commences drilling at Las Opeñas Project

Written by Heidi Cuthbert Published May. 4 2026

NewPeak Metals (ASX:NPM) mobilised drilling operations at its flagship Las Opeñas Gold Project.

The initial phase of the programme involves a minimum of 2,500 metres of diamond drilling across approximately nine identified holes, with the company maintaining the optionality to expand total metres based on preliminary results.

The systematic campaign is specifically designed to test the extensions of historical gold and polymetallic anomalies that have long indicated mineralisation potential across the site.

A primary focus of the current works is the first drill hole, which is targeting an area adjacent to and at a greater depth than a 2012 historical intercept.

That previous hole, 12-LODH-03, yielded promising results, including 115m at 0.58g/t gold, 3.5g/t silver, 0.24% lead, and 0.65% zinc from a depth of 18m to the end of the hole.

By delving deeper into the established zones, NewPeak aims to validate the continuity and grade of the ore body.

At the time of reporting, NewPeak Metals' share price was $0.015.