Many Peaks Strikes Deep with High-Grade Gold at Ferké Project

Exploration Breakthrough at Ferké

Many Peaks Minerals Limited (ASX – MPK) has delivered a promising update from its flagship Ferké Gold Project in Côte d’Ivoire, revealing high-grade gold intercepts from six recent diamond drill holes. These results not only extend the known mineralised zone deeper but also along strike, reinforcing the prospect’s potential as a significant gold discovery.

The standout intercept of 75 metres grading 6.11 grams per tonne gold, including a remarkable 7 metres at 52.9 grams per tonne, underscores the high-grade nature of the mineralisation. Another notable intercept returned 87 metres at 1.50 grams per tonne, including 12 metres at 6.15 grams per tonne, highlighting both the thickness and continuity of the gold-bearing zones.

Expanding the Drilling Footprint

Originally planned as a 6,000-metre drill program, Many Peaks has more than doubled its scope to 15,000 metres in response to encouraging early results. To date, 46 diamond core holes totaling over 13,200 metres have been completed since April 2025, with 22 holes and over 5,700 metres still pending assay results. The company is also planning an additional 4,000 metres of drilling to systematically define the extent of mineralisation.

The drilling focuses on the Ouarigue Prospect, part of a broader 37-kilometre mineralised corridor within the Ferké Project. This corridor has seen limited historical drilling, making these results particularly significant as they begin to unlock the project’s potential.

Geological Insights and Future Potential

Geologically, the mineralisation is associated with a mineralised intrusion and pervasive shear zones within metasediments, typical of orogenic gold deposits in the Birimian greenstone belt. The high-grade zones appear structurally controlled, with quartz veining and deformation features indicating robust gold-bearing systems.

Many Peaks’ Managing Director, Travis Schwertfeger, emphasised the importance of these findings, stating that the high-grade intercepts “continue to underpin the likelihood of a significant discovery in progress.” The company is optimistic about the potential for bulk tonnage underground mineralisation, supported by the strong continuity of gold grades and thicknesses encountered.

Regulatory and Operational Context

The project operates under a joint venture agreement with Gold Ivoire Minerals SARL, with Many Peaks holding a 65% interest and the right to increase to 85% by sole funding to feasibility. The permits are currently pending renewal with the Ivorian mining authorities, and the company is navigating environmental considerations related to classified forest areas within the permit boundaries.

Ongoing exploration work will integrate assay results with geophysical and geochemical data to refine targeting and resource estimation. The company’s methodical approach and expanding drill program reflect growing confidence in the project’s scale and grade potential.