Many Peaks Minerals' Ferké Gold Project Shows Promise with High-Grade Results
Many Peaks Minerals (ASX:MPK) has revealed promising results from its Ferké Gold Project in Côte d'Ivoire, bolstering the project's resource growth potential and enhancing its investment appeal.
The project, discovered by SEMAFO Inc., is centred on a porphyritic granodiorite intrusion with pervasive mineralisation and dense quartz-carbonate veinlets. Diamond drilling, initially planned for 6,000m, was expanded to over 22,000m due to encouraging election results. The latest drilling at the Ouarigue prospect includes intercepts like 55.0m @ 2.85g/t gold and 7.0m @ 4.81g/t gold from surface, extending mineralisation both along strike and at depth.
The 2024 election results drilling programme has significantly increased the vertical extent of gold mineralisation and outlined a substantial bulk tonnage target with higher grades at depth. Many Peaks' exploration strategy includes further diamond drilling until October 2025, followed by reverse circulation (RC) drilling in November 2025, and ground geophysics as weather permits.
These results strengthen Many Peaks' investment thesis, offering expanding resource potential, proven exploration models, multiple mining options, and regional exploration upside. The company's systematic exploration approach and upcoming catalysts make it a compelling opportunity for gold-focused investors.
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