Diamond Drilling at Ferké Yields 7m at 52.9g/t Gold, Program Grows Over 3x

Strong Drilling Results Bolster Ferké Gold Project

Many Peaks Limited (ASX – MPK) has delivered a compelling update from its flagship Ferké Gold Project in Côte d’Ivoire, reporting a series of high-grade gold intercepts from its ongoing diamond drilling campaign at the Ouarigue prospect. The results include standout intercepts such as 7 metres grading 52.9 grams per tonne (g/t) gold, alongside multiple other significant zones that extend the known mineralisation both along strike and at depth.

The initial drilling program, originally planned for 6,000 metres, has been substantially expanded to over 22,000 metres in response to these encouraging results. This aggressive step-out and infill drilling is designed to better define the geometry and continuity of the mineralised intrusion system, which is critical for advancing towards a maiden resource estimate.

Ouarigue Prospect – A Growing Bulk Tonnage Target

The Ouarigue prospect, situated along a 37-kilometre mineralised trend within the Ferké project area, continues to reveal robust gold mineralisation hosted within a porphyritic granodiorite intrusion. The drilling has more than tripled the vertical extent of mineralisation, with intercepts demonstrating consistent grades over substantial widths, such as 55 metres at 2.85 g/t and 31.77 metres at 3.37 g/t gold.

These results underpin the potential for a bulk tonnage gold resource, with the mineralised system showing both high-grade shoots and broader zones amenable to open-pit or underground extraction methods. The continuity and scale of mineralisation observed so far have strengthened Many Peaks’ confidence in the project’s resource growth potential.

Strategic Expansion and Next Steps

Managing Director Travis Schwertfeger highlighted the significance of the drilling success, noting that the ongoing program is effectively extending mineralisation and enhancing the project’s economic prospects. The company plans to complete the current diamond drilling campaign by October 2025, with follow-up reverse circulation drilling scheduled to commence in November targeting regional exploration targets and further extensions.

Many Peaks is also progressing core logging, assay processing, and geological modelling to support the forthcoming resource estimation. The company remains mindful of regulatory considerations, including forestry classifications affecting parts of the permit area, but retains a clear pathway toward resource definition and potential development.

Context within Côte d’Ivoire’s Gold Landscape

Ferké sits within the prolific Birimian greenstone belt of West Africa, a region renowned for hosting world-class orogenic gold deposits. Many Peaks’ methodical approach; combining detailed geological mapping, geophysical surveys, and systematic drilling; aligns with best practices for advancing early-stage projects in this highly prospective terrain.

With a robust pipeline of drill results and a strategic exploration plan, Many Peaks is positioning itself to unlock significant value from the Ferké Gold Project, potentially joining the ranks of emerging gold producers in the region.