Resource Delineation Drilling Expands Ferke Gold Project
| Stock | Many Peaks Minerals Ltd (MPK.ASX) |
|---|---|
| Release Time | 2 Mar 2026, 8:39 a.m. |
| Price Sensitive | Yes |
Resource Delineation Drilling Expands Ferke Gold Project
- Expansion drilling along northern extent of open gold mineralisation at Ferké Gold Project delivers volume increases in gold mineralisation
- Results provide continuity to an 800m corridor including a >600m extension to gold mineralisation at Ouarigue prospect
- Mineralisation remains open in all directions and drilling continues, targeting both extensions of known gold mineralisation and regional exploration targets
Many Peaks Minerals Limited (ASX:MPK) is pleased to announce assay results from RC and ongoing diamond drilling at the Ferké Gold Project (Ferké) in Côte d'Ivoire. The RC results expand the modelled corridor of mineralisation at the Ouarigue prospect to >1.1km extent and highlight potential for a significant volume increase outside of the 500m extent of mineralised intrusion body that was the focus of 2025 drilling. All of the reported significant diamond intercepts have strong potential to be pit constrained resources in planned modelling and study work, indicating a likely high percentage of resource to reserve conversion and overall yield potential to increase the gold per vertical meter for the bulk-tonnage, open-pit target at Ouarigue. The Company has also received confirmation from the Ivorian Direction Générale des Mines et de la Géologie (DGMG) that the Ferké North exploration permit (PR367) is in good standing with the GIV-JV application for renewal of the permit through 29 September 2027 accepted. At Ferké South, the application over the expansion application received approval from the ministerial committee in Côte d'Ivoire, a key step in progressing toward grant of an exploration permit, with commencement of exploration activities on PR0187 (Ferké South) currently pending execution of a presidential decree.
Drilling is expected to continue throughout the year, with a current focus on both extensional and reconnaissance drilling, which will be dove-tailed with delineation drilling, metallurgy and other study work to underpin pre-feasibility study reporting anticipated to be delivered in Q4 this calendar year.