RC Drilling Defines Multiple Extension Targets at Ferke
| Stock | Many Peaks Minerals Ltd (MPK.ASX) |
|---|---|
| Release Time | 1 Oct 2025, 8:33 a.m. |
| Price Sensitive | Yes |
RC Drilling Defines Multiple Extension Targets at Ferke
- Significant gold intercepts returned at the Ferke Gold Project on multiple lines of reconnaissance and follow-up RC drilling
- Wide-spaced RC drilling combined with previously reported air core results confirm several key targets for planned follow-up
- Follow-up RC drilling anticipated to commence in December quarter, with drilling initially focused on priority targets identified
Many Peaks Minerals Ltd has announced gold assay results from reverse circulation (RC) drilling on its Ferke Gold project in Cote d'Ivoire. The RC drilling returned significant intercepts from in-fill and reconnaissance targets located north and south of the Ouarigue prospect, where two diamond drill rigs continue delineation drilling of a significant bulk tonnage gold target. The RC results are part of a systematic reconnaissance program at Ferke, initiated with wide space auger sampling earlier this year and followed by air core (AC) drilling. The combined AC and RC campaigns confirmed continuity of a mineralised structural corridor for over 9km extent and prioritised several new targets ready for follow-up drilling. South of the Ouarigue prospect, the mineralised corridor was targeted with relatively shallow, first pass drilling on 400m to 800m spaced lines of AC and RC drilling, with RC results confirming shear hosted mineralisation in fresh rock on multiple lines of drilling. North of Ouarigue, every line of RC drilling extending to more than 4.5km north returned significant intercepts and define open-ended mineralisation at the northernmost extent of drilling. The company is now progressing plans for follow-up drilling, with a drill program anticipated to commence in the coming months with the end of the current wet season in the region.
Follow-up RC drilling anticipated to commence in December quarter, with drilling initially focused on priority targets identified, and progressing into additional extensional reconnaissance drill tests of the open-ended mineralised corridor.