Diamond Drilling Delivers Further Extensions at Ferke

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Stock Many Peaks Minerals Ltd (MPK.ASX)
Release Time 11 Nov 2025, 8:47 a.m.
Price Sensitive Yes
 Diamond Drilling Delivers Further Extensions at Ferke
Key Points
  • Final diamond drill results received for 20,951m campaign focused on the Ouarigue prospect
  • Results further expand volume potential for a significant bulk tonnage project
  • RC drilling campaign to commence in November, focused on expanding gold mineralisation
Full Summary

Many Peaks Minerals Limited (ASX:MPK) is pleased to announce assay results from the final 16 diamond drill holes analysed in the recent 64 hole drilling campaign (for 20,951m) conducted at the Ferke Gold Project in Cote d'Ivoire. The campaign successfully extended gold mineralisation at the Ouarigue prospect in all directions, including north and south for the mineralised shear zone, and at depth as demonstrated by several deeper holes. These results build on the model that has emerged from drilling completed this year, which has more than tripled the vertical extent of gold mineralisation at Ouarigue, and increased the widths identified in several locations. Additionally, strike extensions have outlined a substantial bulk tonnage target that repeatedly returns increasing gold grades with depth. Preliminary metallurgical results confirm sulfide mineralisation at the Ouarigue prospect is non-refractory, with preliminary tests returning 94% gold recovery under favourable leach conditions. The diamond core drilling and sampling campaign initiated in April this year concluded late October, with assay results now received. Many Peaks is currently advancing field work to prepare for additional work programmes for the 2025-26 field season, including ground geophysics and an RC drilling campaign anticipated to commence in November, targeting delineation drilling and follow-up of regional targets. Further diamond drilling is expected to begin shortly after the RC drill campaign and once ground geophysical survey work is successfully underway.

Outlook

Exploration activities planned for the Ferke Gold project are fully funded for the entire 2025-26 field season, including ground geophysics, an RC drilling campaign, and further diamond drilling.