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Highlights
- New follow-up targets identified at Ferké Gold Project
- Impressive gold intercepts extend mineralisation zone
- Exploration momentum continues with ongoing drilling
Many Peaks Minerals (ASX:MPK) has announced further encouraging outcomes from its ongoing diamond drilling program at the Ferké Gold Project in Côte d’Ivoire, marking a significant step forward in its exploration strategy. The results not only highlight new follow-up targets but also reflect a substantial expansion of the mineralisation footprint along the 16-kilometre Leraba Gold Trend. The recent drilling efforts were concentrated on a 1.5-kilometre section of this trend, aiming to identify potential extensions of the gold-bearing system.
Fresh assay data from this targeted zone has confirmed mineralisation extending up to 190 metres down-dip and 100 metres to the south along strike, with drilling conducted across two lines spaced 50 metres apart. The key intercepts from the latest results include an impressive 230 metres at 1.2 grams per tonne (g/t) of gold starting from a depth of 225 metres, which also includes a high-grade interval of 15 metres at 3.21 g/t gold from 411 metres. Another notable intercept returned 79 metres at 1.46 g/t gold from 238 metres, featuring a particularly high-grade section of 7 metres at 10.8 g/t gold from 308 metres depth.
These significant intersections demonstrate the presence of a robust and expanding gold system hosted within granodiorite intrusions, which are proving to be fertile zones for mineralisation. The consistency and grade of these results suggest a considerable volume potential, reinforcing confidence in the current exploration model.
Phase three of the drilling campaign is well underway, with 18 of the planned 30 diamond drillholes now completed. The broader drilling initiative will encompass a total of 8,000 metres, and the company expects to receive assay updates every two to three weeks throughout the next two to three months.
Although Many Peaks Minerals is not currently part of the ASX200 index, its market capitalization sits at approximately $73.44 million. The continuous flow of high-grade drilling results and the strategic expansion of its exploration footprint may significantly increase its visibility among institutional investors and market analysts.
The Ferké Gold Project is central to the company’s ambitions in West Africa, where it is also advancing its copper exploration assets. With the scale of mineralisation at Ferké continuing to grow and new targets emerging, Many Peaks Minerals is intensifying its efforts to accelerate exploration. The ongoing drill campaign underlines the high prospectivity of the region, and forthcoming assay results will be instrumental in shaping the future development path of the company within this promising, resource-rich corridor.
