Many Peaks Minerals (ASX:MPK) has extended gold mineralisation at the Ferké Gold project in Côte d’Ivoire from resource delineation drilling.
The company has increased the volume of mineralisation to cover 1.1km of strike extent from reverse circulation drill results from 71 holes across 7,861m, completed in January 2026.
Many Peaks is currently continuing diamond drilling at the site with a second rig to be mobilised after reverse circulation drilling and the return of assays from the first eight holes from 27 holes drilled across 5,528m.
Drilling is expected to progress throughout the remainder of the year, with a Prefeasibility Study due in Q4 2026.
Reverse circulation drilling returned assays including 49.37m @ 1.84 grams per tonne gold from 324m, including 31.17m @ 2.5g/t, 10.1m @ 2.59g/t gold from 368.2m, 8m @ 2.92g/t gold from 74m, and 6m @ 3.65g/t gold from 93m.
Many Peaks says the results indicate continuity to an 800m corridor, including a 600m extension to gold mineralisation at the Ouarigue prospect.
CEO Travis Schwertfeger says the results highlight a potential mineralised volume increase outside of the 500m extent of the mineralised intrusion body, which was the focus of 2025 drilling.
“All of the reported significant diamond intercepts have strong potential to be pit constrained resources in planned modelling and study work, indicating a likely high percentage of resource to reserve conversion and overall yield potential to increase the gold per vertical metre for the bulk-tonnage, open-pit target at Ouarigue,” Schwertfeger says.
“Drill ready targets are expected to quickly develop at Ferké South, pending final grant of permit.
“The drill planning will increase incrementally in context of results from extensional and reconnaissance programmes with numerous un-drilled targets across the expanded 37km mineralised trend at Ferké.”
Many Peaks Minerals is a gold and copper explorer focused on its portfolio of projects in West Africa.
Write to Maddison Elliott at Mining.com.au
Images: Many Peaks Minerals
