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Highlights
- Extended diamond drilling program delivers wide high-grade gold intercepts
- Ouarigue prospect shows strong continuity of mineralisation
- Exploration success also reported at Odienné gold project
Many Peaks Minerals (ASX:MPK) has reported new assay results from its ongoing diamond drilling program at the Ferké project in Côte d’Ivoire, revealing multiple wide zones of high-grade gold mineralisation. The latest results come from both extensional and infill drilling at the Ouarigue prospect, a key target within the broader project area.
These findings have encouraged the company to expand its drilling program significantly, with the aim of further defining the mineralised zones and evaluating the underground potential. The continuity of mineralisation supports the ongoing focus on Ferké as a flagship project in West Africa.
The company holds the right to earn a majority stake in the project through a joint venture arrangement, funding exploration through to the completion of a definitive feasibility study.
Exploration Success at Odienné
In addition to the progress at Ferké, Many Peaks has achieved positive outcomes at its Odienné gold project in the north-west of Côte d’Ivoire. Recent reverse circulation drilling has extended known mineralisation in several zones, building on earlier air core drilling results.
Work at Odienné has expanded the target areas, with geological interpretation pointing to a large mineralised structural corridor. Plans are in place for a program of ground geophysics to refine future drilling locations.
The Odienné project sits within a prolific gold belt, sharing structural trends with other large-scale deposits in the region, including those operated by Predictive Discovery (ASX:PDI) and Centamin (LSE:CEY).
Strategic Positioning in West African Gold
The combination of high-grade results at Ferké and expanding mineralisation at Odienné strengthens Many Peaks’ position in West Africa’s gold exploration sector. The company’s methodical approach to resource delineation, combined with ongoing drilling and advanced targeting work, is aimed at maximising the potential of both projects.
As global interest in gold exploration remains robust, discoveries of this scale could draw attention from investors tracking developments outside of the ASX 200 space, where emerging explorers often deliver high-impact results.
Frequently Asked Questions
- Where is the Ferké project located?
The Ferké project is situated in Côte d’Ivoire, West Africa, and is a focus area for gold exploration by Many Peaks Minerals. - What type of drilling is being conducted at Ferké?
The company is conducting diamond drilling, targeting both extensions of known mineralisation and infill areas to improve geological understanding. - How is the Odienné project progressing?
Odienné has seen successful reverse circulation drilling, extending known mineralisation and prompting further geophysical surveys for refined drill targeting.
