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Many Peaks Minerals Limited Announces Significant Assay Results from Ongoing Diamond Core Drilling at Ferke Gold Project in Cote d'Ivoire

Strategic Insights

— 1 min read

Many Peaks Minerals Limited has released assay results from its ongoing diamond core drilling program at the Ferke Gold Project in Cote d'Ivoire, demonstrating the growing scale and continuity of the mineralised system. The company has intersected broader mineralised widths to extend the mineralisation down-dip and along-strike, with results indicating the increasing gold grades and significant width of mineralisation down to approximately 200m vertical depth.

Key Takeaways:

  • The Ferke Gold Project has seen significant assay results from an additional 7 diamond core drilling (DD) holes, totaling 1,845m of drilling, with notable intercepts from the Ouarigue Prospect.
  • The results demonstrate the growing scale and continuity of the mineralised system, with significant intercepts extending the mineralisation down-dip and along-strike.
  • Drill hole FNDC041 intersected a 95m true width zone of mineralised intrusion, locally a 26% increase over the previously interpreted width.
  • Visual estimates of mineral abundance in holes FNDC042 and FNDC066 have been encouraging, but assays are pending for these holes.
  • The campaign has been successful in demonstrating continuity of gold mineralisation associated with the mineralised intrusion at Ferke.
  • Over 12,500m of DD have been completed this year, with plans to continue concurrently with a 6,000m RC drilling campaign of regional reconnaissance drilling at Ferke.
  • The Ferke Gold Project has seen increasing gold grades with depth, with results indicating the potential for a bulk tonnage target.

Statistics:

  • 7 DD holes totaling 1,845m of drilling have been completed, with significant intercepts reported.
  • Drill hole FNDC041 intersected a 95m true width zone of mineralised intrusion, realizing a 26% increase over the previously interpreted width.
  • 23 DD holes have been completed this year, with results received for the initial 5,800m drilled in the Phase 2 and 3 programmes from 18 DD holes.
  • 41 DD holes have been completed since commencement of the 2nd phase of drilling in April, with results now received for 18 DD holes.
  • Approximately 200m vertical depth of mineralisation has been identified with significant width.

Sources:

  • Company: Many Peaks Minerals Limited (ASX:MPK)
  • Announcement Date: Exact Date Not Provided

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