Ferké Gold Project Yields 87m at 1.67g/t and 84m at 1.53g/t in Latest Drilling

Expanding the Gold Footprint at Ferké

Many Peaks Minerals Limited (ASX – MPK) has unveiled promising results from its ongoing diamond drilling program at the Ferké Gold Project in Côte d’Ivoire. The latest assays from seven diamond drill holes reveal significant extensions of gold mineralisation both along strike and at depth, with some zones showing increasing grades as drilling progresses deeper.

Among the standout intercepts are 87 metres grading 1.67 grams per tonne (g/t) gold starting at 221 metres depth, including a higher-grade segment of 29 metres at 3.46 g/t. Another hole returned 84 metres at 1.53 g/t gold, featuring a 2-metre interval at an impressive 18.1 g/t. These results not only confirm the continuity of mineralisation but also highlight increasing widths of mineralised zones, bolstering the prospect of a bulk tonnage gold target at Ferké.

Building Confidence Through Infill and Extension Drilling

The drilling campaign, which has completed over 11,200 metres since April 2025, is designed to test both extensions and infill gaps within the mineralised intrusion at the Ouarigue Prospect, central to a 16-kilometre gold anomalism trend. Infill holes have successfully demonstrated continuity of mineralisation across vertical gaps exceeding 50 metres, while extension drilling has pushed the known mineralised envelope deeper and along strike.

Managing Director Travis Schwertfeger emphasised the significance of these findings, noting that the increasing widths and grades with depth add to the viability of a bulk tonnage target. He highlighted a particular drill hole that intersected a 95-metre true width zone of mineralised intrusion, representing a 26% increase over previous interpretations and strengthening the geological model.

Ongoing Work and Future Prospects

Beyond diamond drilling, Many Peaks is advancing a reconnaissance reverse circulation (RC) drilling campaign, with 3,300 metres completed out of a planned 6,000 metres. Assay results from this program are pending and expected to further inform the project's potential.

The company continues to refine its geological understanding through detailed logging, sampling, and assay protocols aligned with industry best practices and JORC standards. While some assay results remain outstanding, the current data set supports an expanding mineralised footprint with encouraging grades and widths.

Permit renewals for the Ferké Project and associated exploration areas are underway, subject to ministerial approval, with no known impediments reported. The project benefits from a joint venture structure with Predictive Discovery Cote d’Ivoire SARL and Gold Ivoire Minerals SARL, with Many Peaks holding a majority interest.

Strategic Implications

These drilling results mark a pivotal step in Many Peaks’ exploration journey, potentially elevating the Ferké Gold Project towards a significant resource milestone. The demonstrated continuity and scale of mineralisation could attract further investment and development interest, positioning the company favourably within the West African gold exploration landscape.