Many Peaks Minerals rolls out thick gold hits to expand Ferké

• Many Peaks Minerals’ diamond drilling has intersected more thick intervals of gold mineralisation at Ferké
• Results extend mineralisation down-dip and along strike to the south, increasing its volume potential
• More diamond and reverse circulation drilling is currently underway with assays pending for aircore drilling

Special Report: Many Peaks Minerals’ diamond drilling has further enhanced the scale potential of its Ferké gold project in Côte d’Ivoire after all holes drilled to date returned significant gold intersections.

Assays from the Phase 2 and Phase 3 diamond core programs extended gold mineralisation over 190m down-dip and 100m south along strike across two 50m-spaced lines of drilling.

Notable results include:

• 230m grading 1.2g/t gold from a down-hole depth of 225m including 15m at 3.21g/t gold from 411m (FNDC032)
• 169.3m at 1.25g/t gold from 29m including 35.1m at 2.22g/t gold from 102.8m (FNDC031); and
• 79m at 1.46g/t gold from 238m including 7m at 10.8g/t gold from 308m (FNDC037).

Many Peaks Minerals (ASX:MPK) notes that holes FNDC037, FNDC043 and FNDC033 in Section D were drilled 50m south of the recently reported intersection of 30.8m at 3.95g/t gold in FNDC030 and served to confirm and extend the exploration model for a southerly plunging zone of gold mineralisation.

Adding interest, hole FNDC036 – drilled a further 50m south of Section D – returned increasing grades 70m down-dip of FNDC025 in shear-hosted style gold mineralisation.

“The tenor and scale of these drilling results confirm the presence of a robust and quickly expanding gold system within the mineralised granodiorite intrusion at Ferké,” managing director Travis Schwertfeger said.

“While we are still in the early stages of exploration, each test of open mineralisation so far has generated additional follow-up targets, justifying an acceleration in exploration.”

The results follow on earlier assays that extended gold mineralisation at the Ouarigue South prospect.

The Ouarigue South prospect mineralised corridor with location of previous and current drill hits. Pic: Many Peaks Minerals

Ferké project

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.

It benefits from more than US$4m of previous exploration expenditure with follow-up activity focused on extending confirmed gold mineralisation.

All six holes in the company’s first diamond drilling program at Ouarigue South intersected mineralisation over 760m of strike with assaying returning a peak hit of 45m at 8.58g/t gold.

MPK is currently progressing +10,000m of diamond core drilling with two rigs operating in two consecutive phases with a focus on extensions to gold mineralisation within a 1.5km extent of the Leraba trend.

Phase 2 was completed in early May 2025 with assays received for seven of the eight holes drilled.

Early assays from this phase prompted the company to immediately start the Phase 3 program, which has provided incremental increases to its understanding of gold mineralisation at Ferké.

To date, 18 of 30 Phase 3 diamond holes are completed, with assays now received for the first three holes. 

The current planned diamond program is anticipated to be completed over the next six weeks, with additional assay results anticipated every two to three weeks over the next two to three months.

MPK also started reverse circulation drilling in May and has completed 2200m of a planned 6000m campaign while assays are pending for a 5447m aircore drill program that was completed at the end of April.

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.