Many Peaks gets drill spinning at African gold projects

Many Peaks kicks off auger drilling at Ferké gold project in Côte d’Ivoire
Planned 5000m aircore program to commence at Odienné late this month
Both projects fully funded for follow up diamond and RC drilling

Special Report: Many Peaks Minerals is gearing up to start drilling at both its Ferké gold project and the Odienné gold project in Côte d’Ivoire now the wet season is drawing to a close.

A 5000m auger drilling program has already commenced at Ferké, with three drill rigs mobilised to cover 9km of reconnaissance drilling along the highly prospective structural corridor hosting the Ouarigue South prospect.

The Many Peaks (ASX:MPK) program is designed to delineate extensional targets to open gold mineralisation confirmed in previous drilling that returned results including 47m at 3.72g/t gold from surface and 45.3m at 3.16g/t gold from 45.9m.

Simultaneously, field work has commenced at Odienné ahead of a planned 5000m air core campaign that will assess priority targets delineated from the previous quarter’s auger drill results.

The drilling will be focussed on target delineation within more than 16km of anomalous gold trends located in the same West African corridor that hosts recent discoveries including Robex Resources’ 1.5Moz Kiniero Gold Project and Predictive Discovery’s (ASX:PDI) 5.4Moz Bankan project.

Touted as a potential top-20 West African gold mine, Bankan recently drew ASX gold beast Perseus Mining (ASX:PRU) in as a major shareholder at PDI, highlighting the potential to identify a company-making discovery in the corridor.

Many Peaks says regional results and activity demonstrates the Odienné area as an emerging gold and gold-copper district.

Staged exploration the plan

The company is fully funded to complete follow-up diamond and/or RC drilling across both Ferké and Odienné projects as part of a staged exploration campaign over the upcoming 2024-25 field season.

Several drill ready targets have already been identified from re-logging and re-modelling work at Ferké, and the current auger program is being prioritised ahead of further diamond drilling to advance additional extensional targets.

The exploration team will look to expand the scope of an initial diamond drill test with results of the current exploration activity.

Many Peaks’ projects are surrounded by some of Africa’s monster gold deposits. Pic: MPK

“Following the end of the West African wet season, we are pleased to have commenced Many Peaks’ 2024/2025 exploration program at our high-grade Cote d’Ivoire projects,” MPK executive chairman Travis Schwertfeger said.

“Plans for the coming months include our maiden drilling at Ferké, where three auger rigs will drill 5000m to identify extensional targets of historic holes that include 45.3m at 3.16g/t and 39.7m at 3.54g/t gold.

“We will also drill 5000m of air core holes at Odienné, following up on extensive gold anomalism identified from drilling we conducted here in the previous season.

“We look forward to updating investors on our findings as we systematically assess the potential of these highly prospective projects.”

Further follow-up geochemical survey work is also planned for the Baga project, however stream sediment samples finalised in July this year are still pending laboratory analysis.

This article was developed in collaboration with Many Peaks Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.