Increasing Grades with Depth in Extension Drilling

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Stock Many Peaks Minerals Ltd (MPK.ASX)
Release Time 4 Sep 2025, 8:38 a.m.
Price Sensitive Yes
 Increasing Grades with Depth in Extension Drilling at Ferké Gold Project
Key Points
  • Results from 11 diamond drill core holes received, delivering volume increases to the mineral resource potential
  • All reported drill holes return significant gold intercepts and additional down-dip extensions demonstrate increasing gold grades with depth
  • Diamond core drilling campaign increased from 6,000m to >18,500m to define the expanding limits of mineralisation
Full Summary

Many Peaks Minerals Limited (ASX:MPK) is pleased to announce assay results from the ongoing diamond drilling (DD) program at the Ferké Gold Project in Côte d'Ivoire. Results are for an additional 9 DD holes totalling 2,545m drilled, along with additional sample results that extend mineralisation for 2 previously reported DD holes. Ongoing and repeated success at Ferké has continually expanded the lateral and down-dip extent of the Ouarigue gold prospect mineralised intrusion, justifying the increase in the diamond core drilling campaign to more than 18,500m (with 16,500m completed to date), compared with the 6,000m originally planned when initiated in April this year. Assay results have been received for 11 DD holes drilled across 450m of strike extent at the Ouarigue prospect, with significant gold intercepts received in all holes. The panel of drilling at the 550 Section down to the FNCD067 drill result outlines a 65m to 92m true width zone of mineralisation extending from surface to approximately 300m vertical depth. The higher-grade gold results associated with broader zones of mineralisation to the south potentially demonstrate continuity of higher grade zones within the bulk tonnage target. Reported DD holes FNDC066 and FNDC068 located 50m north of the 550 Section returned successful extensional results, delivering northern extensions of gold mineralisation outside the mineralised intrusion.