High-Grade Gold Extended Beyond 900m Vertical Depth at Ferké
Key points
- 70% increase to vertical extent of gold mineralisation at Ferké
- Broad intercepts including 116.0m @ 2.78g/t gold and 116.5m @ 1.76g/t gold
- Gold mineralisation remains open at depth and to the north
Full summary
Many Peaks Minerals Limited (ASX:MPK) reports significant gold mineralisation at the Ferké Gold Project in Côte d'Ivoire. The drilling extends the vertical extent of the Ouarigue mineralised intrusion by approximately 70%, from about 540m to more than 900m below surface. Notable intercepts include 116.0m @ 2.78g/t gold and 116.5m @ 1.76g/t gold. The results demonstrate broad mineralised widths and continuity of the mineralised intrusion, with gold mineralisation remaining open at depth and to the north. The company plans to complete an updated Mineral Resource Estimate next quarter and undertake an integrated technical and economic assessment of potential open-pit and underground development pathways.
Outlook
The company plans to complete an updated Mineral Resource Estimate next quarter and undertake an integrated technical and economic assessment of potential open-pit and underground development pathways.
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