USD $4,165.18
Goldman New drilling confirms significant mineralisation extensions at Ouarguie South
Many Peaks Minerals Limited (ASX:MPK) has intersected a previously undetected high-grade gold shoot in its maiden diamond drilling campaign at the Ferké Gold Project in Côte d’Ivoire. The results confirm substantial extensions to mineralisation at the Ouarguie South prospect, reinforcing the project’s potential for scale.
Key intercepts from the latest drilling include:
- 45m @ 8.58g/t gold from 104m (including 25m @ 14.8g/t gold from 116m) – FNDC021
- 26.95m @ 1.95g/t gold from 181.5m (including 10m @ 3.38g/t gold from 196.5m) – FNDC023
- 54.17m @ 1.88g/t gold from 59.58m (including 6.75m @ 10.4g/t gold from 107m) – FNDC019
- 47m @ 3.72g/t gold from surface (including 14m @ 10.7g/t gold from 33m) – FNDC012
The results highlight a high-grade corridor extending 440 metres south at Ouarguie South, forming part of a 1.4km long mineralised structure that remains open in all directions. The company has also commenced extensive air core drilling to test further extension targets.
A follow-up diamond drilling program is planned for April 2025 to expand on these promising intersections and further define high-grade mineralisation at Ferké.
Many Peaks’ Managing Director, Travis Schwertfeger commented:
Our exploration team is delighted with the early success in our Company’s maiden diamond campaign at Ferké, where 45m @ 8.58g/t gold has been intersected within the targeted mineralised felsic intrusion at the Project’s Ouarguie South prospect. The high-grade intercept is underpinned with an interval of 25m @ 14.8g/t gold in a previously unidentified structural zone, with potential to represent a high-grade shoot within the already high-grade mineralised intrusion at Ouarguie.
Further to the high-grade shoot identified at Ferké, these drill results also achieved our objective to extend gold mineralisation at Ouarguie, both along strike and down plunge of previous high-grade gold intersections. We are encouraged by the plethora of targets this round of drilling has generated, leading management to rapidly accelerate further diamond drilling at the new discovery.
