Many Peaks Minerals hits record on fielding high-grade gold in deep Ferké drilling

• MPK flags excessive grades at depth from diamond drilling on the Ferké mission
• The corporate is focusing on a possible bulk tonnage goal on the mission
• Over 10,000 metres of drilling awaiting assays, with an additional 4,000 metres of drilling deliberate

Particular Report: Outcomes from ongoing diamond drilling by Many Peaks Minerals on the Ferké gold mission in Côte d’Ivoire have delivered as much as 75m at 6.11g/t gold and prompted a file share worth.

Extension and infill drilling on the mission this 12 months has highlighted gold grades growing with depth together with marked will increase in quantity – which provides as much as the viability of a bulk tonnage goal.

Many Peaks Minerals (ASX:MPK) has excessive hopes for the Ouarigue prospect inside the bigger Ferké mission, internet hosting a >37km hall of gold anomalism the place restricted drill testing has occurred so far. 

The goal can also be hosted in a tonalite intrusive unit, which is an identical host setting to the multi-million-ounce Bankan and Fekola deposits.

MPK’s diamond drilling program was prolonged from 6,000m to fifteen,000m earlier this 12 months, with assays returning:

• 75m at 6.11g/t gold from 427m, together with 7.07m at 52.9g/t;
• 87m at 1.50g/t Au from 340m, together with 12m at 6.15g/t;
• 35.85m at 1.77g/t Au from 378.15m, together with 10m at 4.14g/t; and
• 44m at 1.16g/t Au from 135m together with 2m at 5.27g/t from 172m.

This system has efficiently added materials quantity to the mineralised intrusion, with gold mineralisation prolonged down-dip and south alongside strike.

Shares hit a brand new file of 88.5c, a rise of twenty-two.92% on the corporate’s earlier shut, and the market cap has lifted to about $104.7m. 

Extra assays pending and extra drilling deliberate

Outcomes from 22 diamond holes and 58 RC holes are pending, with an additional 4,000m of diamond core drilling deliberate as the corporate works to outline the extent of gold mineralisation.

“Excessive-grade gold intercepts at Ferké, together with as we speak’s 75m at 6.11g/t, proceed to underpin the probability of a major discovery in progress at our flagship mission in Côte d’Ivoire,” managing director Travis Schwertfeger stated.

“Our group is happy to see a powerful continuity of gold mineralisation in context of a bulk tonnage goal at Ouarigue, and we’re excited in regards to the important underground potential the high-grade intercepts characterize for persevering with exploration upside.”

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

This text doesn’t represent monetary product recommendation. You need to think about acquiring unbiased recommendation earlier than making any monetary selections.