Many Peaks Minerals Announces Gold Drilling Results at Ferké
Key points
- High-grade gold intersections beneath existing Ouarigue resource
- Significant intercepts including 46.75m @ 7.02g/t gold
- Geological modelling and resource estimation underway
Full summary
Many Peaks Minerals Limited (ASX:MPK) has announced new gold assay results from its ongoing diamond core drilling program at the Ferké Gold Project in Côte d'Ivoire. The results include significant gold intersections beneath the existing Ouarigue Mineral Resource Estimate (MRE), with notable intercepts such as 46.75m @ 7.02g/t gold. The diamond core drilling has provided additional up-hole assays and higher-grade zones of mineralisation. Regional reconnaissance reverse circulation (RC) drilling has also shown promising results, with gold intersections extending 3km south of Ouarigue. The company is progressing with geological modelling and resource estimation for an MRE update, expected to be completed in the current quarter.
Outlook
The company is advancing pre-feasibility-level assessment of open-pit development and considering an integrated economic assessment incorporating a Scoping Study-level evaluation of underground development options.
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