Many Peaks Minerals has delivered robust diamond drill results at its Ferké Gold Project, expanding the maiden Ouarigue Mineral Resource Estimate to 1.32 million ounces and reinforcing geological continuity.
- Strong diamond drill intercepts expand gold mineralisation
- Maiden Ouarigue MRE stands at 26.7Mt at 1.54g/t gold
- Two diamond rigs plus new RC rig active on site
- Pre-feasibility study targeting completion in Q4 2026
- Ferké South permit pending grant for further exploration
Diamond Drilling Confirms High-Grade Continuity at Ouarigue
Many Peaks Minerals Limited (ASX:MPK) has reinforced confidence in its maiden Mineral Resource Estimate (MRE) at the Ferké Gold Project in Côte d’Ivoire with a fresh tranche of diamond drill results. Eight new diamond core holes totalling 2,415 metres have all returned significant gold intercepts, including standout intervals such as 106.7 metres at 2.52 grams per tonne (g/t) gold from 154.75 metres, featuring 17.95 metres at 8.21 g/t gold (hole FNDC101). These results not only expand the known mineralisation but also demonstrate impressive grade continuity within the mineralised Ouarigue intrusion.
The drilling program, conducted with two diamond rigs and a newly mobilised reverse circulation (RC) rig for regional exploration, continues to build on the solid foundation established by the inaugural Ouarigue MRE of 26.7 million tonnes at 1.54 g/t gold for 1.32 million ounces announced just days earlier. The latest assays confirm high-grade zones bracketed by previous drill intercepts, underscoring a robust geological model that has more than tripled the vertical and lateral extent of mineralisation at Ouarigue over the past year.
Resource Expansion Supported by Structural and Geological Insights
Significant intercepts from holes FNDC102 and FNDC105 include multiple high-grade intervals such as 8 metres at 9.29 g/t and 8.6 metres at 8.83 g/t gold, and 2.8 metres at 11.1 g/t and 18 metres at 4.67 g/t gold respectively. These results, combined with other delineation drilling, expand the mineralised intrusion and increase confidence in the interim MRE. Notably, drilling also intercepted mineralised shear zones north and south of the intrusion, with FNDC100 and FNDC108 returning 9.45 metres at 1.7 g/t and 10.9 metres at 1.01 g/t gold respectively, highlighting additional resource growth potential along the metasediment-hosted structural corridor.
Many Peaks’ Managing Director Travis Schwertfeger emphasised the significance of these results, stating they validate the robustness of the maiden resource and support resource classification upgrades. The company anticipates that ongoing drilling will further increase average gold ounces per vertical metre, a key metric for mine planning. This aligns with the company’s broader strategy to advance the project through a pre-feasibility study scheduled for completion in Q4 2026.
Advancing Exploration and Development Amid Permit Progress
The Ferké Gold Project sits within the prolific Birimian gold terrane, with the Ouarigue prospect representing a 1.5-kilometre segment of the over 37-kilometre Léraba gold trend. Many Peaks is aggressively pushing exploration with two diamond rigs currently on site and an RC rig mobilised to commence regional drilling. The company is also preparing to extend systematic soil sampling and drill targeting at the adjacent Ferké South permit, which remains pending final grant. This permit is expected to unlock further exploration upside along the extensive gold corridor.
These developments build on Many Peaks’ recent progress, including the maiden MRE and ongoing drilling campaigns that have steadily expanded the gold mineralisation strike beyond 1.1 kilometres. The company’s methodical approach combines detailed geological modelling, quality assay data from advanced PhotonAssay techniques, and a focus on resource growth and confidence upgrades through infill drilling. The combination of strong assay results and strategic exploration planning positions Many Peaks well as it moves toward defining the economic potential of Ferké in the coming months.
In the context of recent announcements, these diamond drilling results complement the company’s earlier maiden 1.3Moz gold resource and follow the completion of over 10,000m of drilling that have steadily enhanced the project’s resource profile. Meanwhile, the pending Ferké South permit remains a key milestone, with historical data suggesting promising shallow mineralisation along the corridor that Many Peaks aims to test with upcoming drilling campaigns.historical gold data
Bottom Line?
Many Peaks’ latest drilling solidifies Ferké’s resource base, but successful permit grants and the upcoming pre-feasibility study will be critical to unlocking value.
Questions in the middle?
- How will the pending Ferké South permit grant impact the overall resource growth trajectory?
- What are the implications of grade continuity for future mine design and economics at Ferké?
- How might evolving gold price assumptions influence Many Peaks’ pre-feasibility study outcomes?