Many Peaks Limited has expanded the gold mineralisation strike at its Ferké Gold Project in Côte d’Ivoire to more than 1.1 kilometres, supported by strong assay results from recent drilling campaigns. This advancement highlights the potential for a significant increase in resource volume and open-pit reserve conversion at the Ouarigue prospect.
- Gold mineralisation strike extended beyond 1.1km at Ferké
- Notable drill intercepts include 49.37m at 1.84g/t and 31.17m at 2.50g/t gold
- Renewal granted for Ferké North permit; Ferké South permit application progressing
- Second drill rig mobilised to accelerate exploration and resource definition
- Ongoing work supports upcoming resource estimation and pre-feasibility study
Expanding the Ferké Gold Corridor
Many Peaks Limited (ASX:MPK) has announced a significant expansion of gold mineralisation at its Ferké Gold Project in Côte d’Ivoire, with recent drilling extending the strike length of the Ouarigue prospect to over 1.1 kilometres. This marks a substantial increase from the previously modelled 500-metre mineralised intrusion body, underscoring the prospect’s growing potential.
The company’s reverse circulation (RC) and diamond drilling campaigns have delivered encouraging assay results, including standout intercepts such as 49.37 metres at 1.84 grams per tonne (g/t) gold and 31.17 metres at 2.50 g/t gold. These results not only confirm continuity along an 800-metre corridor but also reveal a further 600-metre extension northwards, expanding the mineralised body’s footprint significantly.
Implications for Resource Growth and Development
CEO Travis Schwertfeger emphasised the potential for a meaningful increase in mineralised volume, noting that the drilling results suggest a strong likelihood of converting resources into open-pit reserves. The high vertical metre gold intercepts indicate promising bulk-tonnage potential, which is critical for advancing the project towards economic viability.
With a second diamond drill rig now mobilised on site, Many Peaks is maintaining a rapid exploration pace. The company plans to continue extensional and reconnaissance drilling throughout the year, targeting both known mineralisation extensions and regional exploration targets across the expanded 37-kilometre mineralised trend at Ferké.
Regulatory Progress and Future Outlook
On the regulatory front, Many Peaks has secured the renewal of the Ferké North exploration permit and is progressing the Ferké South permit application towards grant. The contiguous southern licence is expected to unlock new drill-ready targets, further enhancing the project’s exploration upside.
Looking ahead, the company aims to underpin a mineral resource estimation by mid-year, dovetailing drilling results with ongoing metallurgical and modelling studies. These efforts are designed to support a pre-feasibility study anticipated for delivery in the fourth quarter of 2026, marking a critical step towards project development.
Technical Rigor and Compliance
The announcement includes comprehensive JORC-compliant technical data, reflecting industry-standard sampling, assay, and quality control procedures. Many Peaks has confirmed no material legal or environmental impediments to exploration activities, with all permits in good standing and no known issues affecting project advancement.
Overall, the expanded strike extent and robust drilling results position the Ferké Gold Project as a compelling asset within Many Peaks’ portfolio, reinforcing its strategic focus on Côte d’Ivoire’s emerging gold districts.
Bottom Line?
As Many Peaks pushes the boundaries of its Ferké Gold Project, the next phase of drilling and permit progress will be pivotal in defining its resource and development trajectory.
Questions in the middle?
- How will the expanded strike extent translate into updated resource estimates and classifications?
- What timeline and conditions surround the final grant of the Ferké South exploration permit?
- How might ongoing metallurgical studies influence the economic viability and mining method selection?