Many Peaks Minerals extends Ferké gold mineralisation

• MPK’s latest assays extend gold mineralisation at Ferké 
• Additional 4000m of diamond drilling planned
• 6000m RC program set to commence this week

Special Report: Many Peaks Minerals has extended gold mineralisation with assays from its second diamond drilling campaign at the Ferké gold project in Côte d’Ivoire.

Ferké is on the eastern margin of the Daloa greenstone belt at the intersection of major regional scale shear zones and is host to the >16km Leraba gold trend.

Many Peaks Minerals (ASX:MPK) is leveraging data from more than US$4m of previous exploration expenditure with follow-up activity focused on extending confirmed gold mineralisation at Ferké.

The latest diamond drilling targeted extensions to gold mineralisation at the Ouarigue South prospect, which hosts high-grade gold mineralisation from surface and previously returned 14.8g/t gold from 116m.

A total of eight holes for 870m of the 2306m drilled in phase two returned:

• 201m at 1.12g/t gold from surface
• 72.21m at 2.11g/t gold from 233.85m; and
• 78.75m at 1.33g/t gold from 29m, including 4m at 7.17g/t.

Assays from a further 172 aircore drill holes for 5477m are expected this month.

Gold mineralisation at Ferké continues to expand with recent results highlighting an increasing volume of the mineralised felsic intrusion down-plunge, accompanied by increasing gold grades at Ouarigue South. 

Watch: Many Peaks kicks off drilling at Odienné

6000m RC program planned

Exploration success in the second phase has prompted Many Peaks to progress an additional 4,000m of diamond drilling and mobilise a second diamond rig to site.

A 6000m RC drill campaign at Ferké is also expected to begin within the next 10 days.

“The Ferké project continues to deliver increasing volume potential at the Ouarigue South prospect, where downplunge extensions of the mineralised felsic intrusion return increasing widths and gold grades with depth,” MPK managing director Travis Schwertfeger said.

“Our 8-hole diamond core program just completed included several ‘scissor’ holes drilling down the mineralised lithology at Ouarigue with the intention to define fault and vein orientations within the mineralised intrusion to underpin increasing confidence in mineral resource estimation work. 

“This drilling has also delivered substantial extensions to gold mineralisation from drilling in multiple orientations, with drill hole FNDC032 visually extending the favourable Felsic intrusion body an additional 188m down-dip of the deepest hole drilled to date. 

“That deepest hole, also drilled in this program has demonstrated increasing width and high gold grades. 

“The increasing gold grades and volume with depth continues to expand the scope of work at Ouarigue, with conceptual pit depths and bulk tonnage potential increasing as exploration progresses.”

The remaining assays will be integrated into the company’s ongoing review process with scope to modify both RC and diamond proposals based on success in the air core drill results.

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.