Outstanding High-Grade Intercepts Drive Resource Expansion
The Many Peaks Minerals Ferké Gold Project has delivered exceptional results from its latest exploration campaign, with the final batch of results from 16 diamond drill holes providing some of the most impressive intercepts to date. Furthermore, these results continue to validate the systematic approach adopted by the exploration team.
- 35.7m @ 3.81g/t gold from 512.3m depth (FNDC085)
- 46.25m @ 2.40g/t gold from 556m depth (FNDC087)
- 13.0m @ 5.94g/t gold from 57m depth (FNDC060)
- 8.0m @ 4.36g/t gold and 8.0m @ 5.13g/t gold from FNDC081
| Key Drill Results Summary | Details |
|---|---|
| Total Campaign Size | 64 holes for 20,951 metres |
| Target Area | Ouarigue prospect (1.5km of 37km trend) |
| Mineralisation Extensions | Confirmed north, south, and at depth |
| Gold Recovery Rate | 94% (preliminary metallurgy) |
| Host Rock Type | Non-refractory sulfide mineralisation |
The drilling has successfully extended the mineralised shear zone in multiple directions, with deeper holes confirming the mineralised intrusion remains open at depth. Particularly encouraging is the pattern of increasing grades with depth, as demonstrated by FNDC085's 35.7m @ 3.81g/t gold intercept at approximately 500m depth.
Management Insight:
"These results build on the model that has emerged from drilling completed this year, which has more than tripled the vertical extent of gold mineralisation at Ouarigue, and increased the widths identified in several locations."
Understanding Orogenic Gold Systems: Why This Discovery Matters
Orogenic gold deposits represent some of the world's most significant gold resources, formed through geological processes that concentrate gold within shear zones and intrusive bodies over millions of years. These systems typically exhibit several key characteristics that make them highly attractive to investors.
What makes orogenic gold special:
- Structural Control: Gold is concentrated along fault systems and shear zones, creating predictable exploration targets
- Grade Continuity: Mineralisation often maintains consistent grades over substantial distances
- Depth Persistence: Many orogenic systems continue to depth, providing long mine lives
- Processing Advantages: Often free-milling or easily treatable ores
At the Many Peaks Minerals Ferké Gold Project, the discovery sits within the prolific Birimian Terrane of West Africa, the same geological setting that hosts major gold mines like Kinross's Tasiast (Mauritania) and Barrick's Loulo-Gounkoto complex (Mali). The non-refractory nature of Ferké's sulfide mineralisation, confirmed by preliminary metallurgy showing 94% gold recovery, indicates straightforward processing requirements that could translate to lower operating costs.
How orogenic systems form:
These deposits typically develop during mountain-building events where tectonic forces create extensive fault networks. Hot, gold-bearing fluids migrate through these fractures, depositing gold where temperature and pressure conditions are optimal. The result is often extensive mineralised corridors that can extend for kilometres both along strike and to significant depths.
Systematic Exploration Strategy Delivers Consistent Results
Many Peaks has adopted a methodical approach to exploring the 37-kilometre-long Léraba gold trend, with the current focus on just a 1.5km segment at Ouarigue. This strategy allows for detailed understanding of mineralisation controls before expanding across the broader trend.
Current Drilling Achievements:
- Tripled vertical extent of known mineralisation
- Extended strike length north and south of original discovery
- Confirmed grade improvement with depth
- Validated geological model through consistent results
The company's upcoming exploration program includes:
- RC drilling campaign commencing November 2025
- Ground geophysics to refine targets
- Resumed diamond drilling following RC program
- Regional reconnaissance along the 37km trend
| Exploration Timeline | Activity | Objective |
|---|---|---|
| November 2025 | RC drilling campaign | Delineation and regional targets |
| Q1 2026 | Ground geophysics | Structural mapping |
| Q1 2026 | Diamond drilling resume | Resource definition |
| 2025-26 Season | Regional exploration | 37km trend assessment |
The systematic approach has enabled the company to establish a clear geological model for the mineralisation. Cross-section analysis reveals consistent structural controls, with gold concentrated in both shear-hosted zones and within mineralised intrusive bodies. Furthermore, the 18-hole, 2,718-metre diamond drilling program completed by previous operators between 2019-2020 provides additional geological context and confidence in the deposit model.
Investment Thesis: West African Gold at an Inflection Point
Many Peaks Minerals presents a compelling investment opportunity in the West African gold space, driven by several key factors that differentiate it from typical early-stage explorers. However, the Most significant factor remains the substantial progress achieved at the Many Peaks Minerals Ferké Gold Project through systematic exploration.
Geological Advantages:
- Proven gold system with consistent high-grade results
- Non-refractory mineralisation requiring standard processing
- Large-scale target with only 4% of trend explored
- Depth persistence confirmed by deep drilling
Strategic Position:
- Côte d'Ivoire location in politically stable mining jurisdiction
- 100% ownership pathway through joint venture structure
- Experienced management with West African expertise
- Fully funded exploration through 2025-26 field season
Technical Merit:
The discovery exhibits classic characteristics of world-class orogenic gold systems, with multiple high-grade intercepts demonstrating both width and continuity. The pattern of increasing grades with depth suggests significant resource potential, while the 37-kilometre trend length provides exceptional exploration upside.
Joint Venture Structure:
Many Peaks holds a 100% indirect shareholding in Predictive Discovery Cote d'Ivoire SARL, which maintains a joint venture with Gold Ivoire Minerals SARL. The company has successfully funded in excess of US$3.5 million expenditure requirement to acquire a 65% interest in the permits and retains the exclusive right to acquire an 85% interest by sole funding any one project to a definitive feasibility study.
Financial Position:
With exploration activities fully funded for the entire 2025-26 field season, Many Peaks is well-positioned to advance the project without near-term dilution concerns. The company's systematic approach to resource definition should provide regular news flow and potential value catalysts.
Technical Analysis: Depth Extensions Validate Model
The latest drilling results have provided critical validation of the geological model established through earlier exploration. Two deeper holes (FNDC086 and FNDC087) were specifically designed to test whether mineralised intrusion persisted at depth, both successfully intersecting the target zone.
Key Deep Drilling Results:
- FNDC086: Returned 10.27m @ 2.33g/t gold from 484.23m, including 3.77m @ 4.92g/t gold
- FNDC087: Delivered 46.25m @ 2.40g/t gold from 556m depth, including 16m @ 3.39g/t gold
These results confirm that the mineralised system remains robust at depths exceeding 550 metres, with FNDC087 representing one of the deepest successful intercepts to date. The continuity of mineralisation at these depths suggests potential for a substantial vertical resource that could support long-term mining operations.
Structural Controls:
The drilling has identified multiple structural controls on gold mineralisation, including both shear-hosted zones and mineralised intrusive bodies. Cross-section analysis indicates that these structures maintain consistent orientations and gold grades across the 1.5km tested strike length, providing confidence in the predictability of further extensions.
Why Investors Should Track Many Peaks Minerals
Many Peaks Minerals has assembled the key ingredients for a significant gold discovery in one of Africa's premier mining jurisdictions. The combination of high-grade results, systematic exploration success, and substantial regional potential positions the company as a standout opportunity in the junior gold sector.
Key Investment Catalysts:
- Resource estimation potential as drilling continues to define mineralisation
- Regional exploration across remaining 35.5km of untested trend
- Metallurgical studies to confirm processing parameters
- Feasibility progression as project advances
The company's methodical approach to exploration, combined with consistent high-grade results and significant regional upside, creates multiple pathways for value creation. With the broader gold market showing renewed strength and West African jurisdictions attracting increased investment, Many Peaks appears well-positioned to capitalise on both project-specific success and favourable market conditions.
Regulatory Environment:
Côte d'Ivoire maintains a stable regulatory framework for mining operations, with the permits currently pending renewal with the Department of Mines and Geology for an additional three-year term. The jurisdiction's established mining infrastructure and government support for the sector provide additional confidence in project development potential.
Investment Highlight:
"Many Peaks has positioned itself as a major player in West African gold exploration, with significant upside potential due to its systematic approach and high-grade discovery at Ferké. With upcoming drilling campaigns and regional exploration across a 37km trend, investors should closely monitor this emerging gold story."
The convergence of technical success, strategic positioning, and favourable market dynamics makes Many Peaks Minerals a compelling addition to any portfolio seeking exposure to West African gold discovery plays. The company's 64-hole, 20,951-metre drilling campaign represents one of the most systematic exploration efforts in the region, with results consistently validating the geological model and expanding the known mineralisation envelope.
In addition, the Many Peaks Minerals Ferké Gold Project continues to demonstrate exceptional potential through its expanding resource base and systematic exploration approach. The project's position within the prolific Birimian Terrane, combined with consistent high-grade results and substantial regional exploration opportunities, makes it a standout opportunity in the current gold exploration landscape.
Could Many Peaks Minerals Be Your Next Gold Discovery Investment?
With systematic exploration delivering consistent high-grade results across just 1.5 kilometres of a 37-kilometre gold trend, Many Peaks Minerals presents a compelling opportunity for investors seeking exposure to West African gold discovery plays. The company's methodical approach has tripled the vertical extent of mineralisation at Ferké, with upcoming RC drilling campaigns and regional exploration programmes providing multiple value catalysts throughout 2025-26.
To explore Many Peaks Minerals' full investment potential and stay updated on their expanding gold discovery in Côte d'Ivoire's prolific Birimian Terrane, visit manypeaks.com.au for comprehensive company information, project details, and the latest exploration updates.
