Exceptional Gold Intercepts Extend Many Peaks' Minerals Gold Drilling Results
Many Peaks Minerals (ASX:MPK) has reported outstanding gold intercepts from its ongoing diamond drilling program at the Ferké Gold Project in Côte d'Ivoire, significantly expanding the mineralised intrusion both down-dip and along strike.
Standout Results Highlight Substantial Gold System
The latest round of assay results from six diamond drill holes has delivered exceptional intercepts including:
- 75.0m @ 6.11g/t gold from 427.0m, including 7.07m @ 52.9g/t gold (FNDC052)
- 87.0m @ 1.50g/t gold from 340.0m, including 12m @ 6.15g/t gold (FNDC042)
- 35.85m @ 1.77g/t gold from 378.15m, including 10m @ 4.14g/t gold (FNDC046)
- 44.0m @ 1.16g/t gold from 135.0m including 2m @ 5.27g/t gold (FNDC053)
These results have materially increased the volume of the mineralised intrusion at the Ouarigue Prospect, part of the larger Ferké project which hosts a >37km corridor of gold anomalism.
Drilling Program Expanded on Success
Managing Director Travis Schwertfeger highlighted the significance of these results: "High grade gold intercepts at Ferké, including today's 75m @ 6.11g/t, continue to underpin the likelihood of a significant discovery in progress at our flagship project in Côte d'Ivoire."
The current diamond drilling program has been substantially expanded from the initially planned 6,000m to 15,000m based on encouraging results. To date, 46 diamond core holes totalling over 13,200m have been completed since drilling commenced in April, with 22 holes (representing 5,700m) still pending analysis.
Mineralisation Extends Down-Dip and Along Strike
The reported results consistently intersected down-dip extensions of the mineralised intrusion on three 50m spaced sections. Particularly notable is the central section which demonstrated a significant increase in grade with depth, returning the standout 75m @ 6.11g/t gold intercept from 427m drill depth.
This intercept represents an estimated 64.5m true width zone from 350m vertical depth, supporting potential extension of the open pit target depth while providing merit for deeper drilling to assess conceptual underground potential.
Understanding Intrusion-Hosted Gold Deposits
Intrusion-hosted gold deposits form when gold-bearing fluids penetrate igneous rocks, commonly along fractures, shear zones, or contact boundaries. These deposits typically exhibit two main characteristics:
- Pervasive mineralisation: Gold occurs throughout the intrusive body, often at lower grades but with consistent distribution
- Structural controls: Higher-grade zones form where structural features like faults or shear zones focus fluid flow
The Ferké Project displays both intrusion-hosted mineralisation and shear-zone controlled gold. This dual mineralisation style creates potential for:
- Bulk tonnage deposits: Lower-grade but large-volume mineralisation suited to open-pit mining
- High-grade zones: Concentrated mineralisation potentially suitable for underground extraction
Mineralisation occurs as both disseminated gold throughout the intrusive body and as concentrated zones in quartz veins, with the high-grade zones often associated with increased quartz veining. The recent high-grade intercept of 75m @ 6.11g/t gold, including 7.07m @ 52.9g/t gold, exemplifies the potential for significant gold concentration in structural zones within the broader mineralised intrusion.
Strategic Exploration Approach
Many Peaks is taking a systematic approach to defining the extent of gold mineralisation at Ferké:
- Diamond drilling continues with two rigs actively on site
- The program has been expanded based on ongoing results
- Drilling targets both extension and infill zones to establish continuity
- Results support both open-pit and underground potential
The reported high-grade intercepts at depth (particularly the 75m @ 6.11g/t gold intercept including 7.07m @ 52.9g/t gold) suggest significant underground potential that warrants further exploration.
"Our team is pleased to see a strong continuity of gold mineralisation in context of a bulk tonnage target at Ouarigue, and we are excited about the significant underground potential the high-grade intercepts represent for continuing exploration upside," said Managing Director Travis Schwertfeger.
Key Sections Demonstrate Expanding Mineralisation
The drilling program has systematically tested three key sections of the Ouarigue Prospect:
Section 450N (Central Section)
- Contains the standout 75m @ 6.11g/t gold intercept (FNDC052)
- Shows significant increase in grade with depth
- Supports potential extension of open pit target depth
- Provides merit for deeper drilling to assess underground potential
Section 500N (Northern Section)
- Returned 87m @ 1.50g/t gold from 340m (FNDC042)
- Demonstrates thickening and increasing gold grades down-dip
- Located more than 110m beneath previously reported 30.8m @ 3.95g/t gold
Section 400N (Southern Section)
- First intercept into mineralised intrusion at southernmost extent
- Extended mineralised trend a further 50m south
- Returned 35.85m @ 1.77g/t gold from 378.15m (FNDC051)
- Estimated 30.5m true width of mineralisation
Timeline and Next Steps
With over 14,000m of diamond drilling completed this year, plus 12,120m of reconnaissance air core and reverse circulation drilling campaigns (assays pending), Many Peaks Minerals gold drilling results have shown an active exploration program underway. A further 4,000m of diamond core drilling is currently planned as the company works to define the extent of gold mineralisation.
The planned diamond drilling metreage is regularly revised as extension targets are tested, with the program progressively increased to define the expanding limits of mineralisation. The 22 holes with pending results (representing more than 5,700m of drilling) may further expand the known mineralisation.
Why Investors Should Watch Many Peaks
Many Peaks Minerals presents a compelling investment case for those interested in gold exploration stocks:
- Exceptional drill results – The latest intercepts including 75m @ 6.11g/t gold demonstrate high-grade potential
- Expanding mineralisation – Both down-dip and along strike extensions suggest a growing resource potential
- Multiple mining scenarios – Results support both bulk tonnage open-pit and high-grade underground possibilities
- Active exploration program – Two drill rigs on site with substantial drilling planned and results pending
- Strategic location – Côte d'Ivoire is an emerging gold province with several major discoveries in recent years
As Many Peaks continues to define the Ferké Gold Project with additional drilling results expected in the coming months, investors have an opportunity to follow what appears to be a significant gold discovery in development.
Ready to Capitalise on a Significant Gold Discovery in the Making?
Don't miss the opportunity to be part of Many Peaks Minerals' exciting journey as they continue to uncover exceptional gold mineralisation at the Ferké Project. With outstanding intercepts including 75m @ 6.11g/t gold and an expanding mineralisation footprint, MPK represents a compelling investment prospect in the gold sector. Visit their website today to learn more about this emerging gold story and stay updated on further drilling results from Côte d'Ivoire.
