Many Peaks Minerals to Focus on Priority Gold Targets with Drilling at Odienné and Ferké Projects

Many Peaks Minerals (ASX: MPK) has mobilised two additional drill rigs to its Odienné gold project in Côte d’Ivoire and the nearby Ferké discovery to conduct more than 60,000 metres of drilling before year end, following its recent completion of surface geophysical field surveys at Odienné.

Three of the four rigs in use will target down-dip and strike extensions at Ferké, along with further delineation of an interim mineral resource estimate at the Ouarigue deposit.

The Ouarigue resource currently sits at 26.7 million tonnes at 1.54 grams per tonne for a contained 1.32 million ounces gold.

Many Peaks will complete an initial 5,000m of reverse circulation (RC) drilling proximal to Ouarigue to support planned increases in tonnage and resource confidence, underpinning pre-feasibility study work expected before year end.

The company will drill a further 6,000m to systematically test a pipeline of regional exploration targets across the broader Ferké district, with a view to discovering new zones of gold mineralisation and growing the overall project inventory.

GAIP Survey Results

Aircore drilling at Odienné will focus on anomalous features identified in a gradient array induced polarisation (GAIP) survey covering 24.75 square kilometres across the Zone A and Zone C prospects.

RC and aircore (AC) campaigns during 2025 extended gold mineralisation identified in previous AC drilling, further defining the structural and lithological controls on Odienné mineralisation across several trends confirmed by wide-spaced reconnaissance drill tests.

Previous drilling at Zone A returned significant gold intercepts across a 4.2km-long structural corridor, with best results of 8m at 1.30g/t gold, 12m at 1.18g/t gold and 3m at 3.42g/t gold.

The GAIP survey partially overlapped the drilled segment of the mineralised corridor and covers extensional targets to the west and north-west.

AC drilling is progressively advancing from north-west to south-east, with a total 170 holes for 4,000m planned in July across more than 5.6km of strike extent at Zone C.

Zone C Drilling

Maiden drilling at Zone C returned assays of up to 21m at 1.21g/t gold including 6m at 3.17g/t gold to significantly elevate the target’s ranking for follow-up work.

Gold mineralisation is believed to be associated with a felsic intrusion occurring within the strongly-foliated and locally-sheared metasedimentary package within the prospective Sassandra fault corridor.

Aircore drilling has commenced at Zone C, comprising 190 holes for a total 4,000m along 5km of strike extent and initial results are expected later this month.

Many Peaks said a targeted 60km of drilling would be carried out continuously through the wet season across the Ferké, Odienné, and Baga projects, with planned metres to be incrementally increased as data is reviewed.