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Many Peaks Minerals Limited (ASX:MPK)

ALERT: Price-sensitive ASX Announcement for MPK
Current share price for MPK : $0.800 -0.09 (-10.11%)+
Announcement
Release
7 Oct 2025 8:39AM
Price at Release
$0.890
Full Release
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Summary
Many Peaks Minerals Limited (ASX:MPK) is actively exploring the Ferké Gold Project in Côte d'Ivoire, focusing on the Ouarigue prospect within the Leraba gold trend. Recent diamond core drilling results have revealed high-grade gold mineralisation, with significant intercepts including 55m @ 2.85g/t gold and 31.77m @ 3.37g/t gold. The project has seen an expansion in its drilling program, now exceeding 22,000 meters, with plans for further reverse circulation drilling. The exploration efforts aim to delineate the extent of the gold mineralisation and potentially establish a maiden resource estimate, indicating strong resource growth potential.
Key Points
  • Many Peaks Minerals Limited (ASX:MPK) is conducting diamond core drilling at the Ferké Gold Project in Côte d'Ivoire.
  • Significant high-grade gold zones have been identified at the Ouarigue prospect, with notable assay results including: 55m @ 2.85g/t gold, 31.77m @ 3.37g/t gold, and 44m @ 2.13g/t gold.
  • The drilling program has expanded from an initial 6,000m to over 22,000m due to successful extensions.
  • Plans are in place to commence an additional 6,000m of reverse circulation (RC) drilling.
  • The gold mineralisation is associated with a porphyritic intrusion showing continuity and high-grade intervals.
  • Exploration aims to define the extent of gold mineralisation for a potential maiden resource estimate.
  • The project area spans a 1.5km segment of the Leraba gold trend within a 37km mineralised corridor.
  • The company is focusing on both lateral and down-dip extensions of mineralisation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.