Many Peaks Minerals (ASX: MPK)’ flagship Ferké Gold Project has demonstrated impressive continuity of mineralisation from surface, while recording increasingly outstanding grades the deeper it gets drilled – having recently hit 45m at 8.58g/t Au from 104m including 25m at 14.8g/t Au from 116m, and 84.8m at 3.01g/t Au from 295.8m, including 7.5m at 9.27g/t Au, as well as 75.0m at 6.11g/t Au from 427m, including 7m at 52.9g/t Au.
As an intrusion-hosted orogenic gold system located in northern Côte d’Ivoire, on the eastern margin of the Paleoproterozoic Daloa greenstone belt, Ferké is notably geologically similar to the Bonikro deposit (also in Côte d’Ivoire), which is predominantly an intrusion hosted orogenic style gold system that has produced 1.4Moz at 1.63g/t – and still retains 2.15Moz of resources and 444koz of reserves. Bonikro runs ore through a 2.5Mtpa processing plant that produces at an AISC of US$1,582/oz with recovery rates of 92.8% – and MPK has preliminary bottle roll testwork anticipated in the next month.
MPK has increased its diamond drilling campaign to over 18,500m while simultaneously conducting aggressive RC drilling underneath high priority aircore assays that have grown Ferké’s strike to 9km – which is being undertaken with a strong $20 million cash balance, along with the backing of globally renowned institutional resources investor 1832 Asset Management.
Read our latest coverage on MPK
- MPK Shoots the Lights Out with 1.323Moz at 1.54g/t Au Maiden Resource that could Generate US$330m Cash AnnuallyA year and a half of meticulous and aggressive drilling has led to an outstanding maiden resource publication at Many Peaks Minerals’ (ASX: MPK) Ferké project, defining a 1.323Moz at 1.54g/t Au deposit, 1.3Moz of which can be open-pit mined and with 83% in the Measured and Indicated categories – while 45% of the contained… Read more: MPK Shoots the Lights Out with 1.323Moz at 1.54g/t Au Maiden Resource that could Generate US$330m Cash Annually
- Major Extensions and Exemplary Metallurgy Shape MPK’s Ferké into a Monster DepositSystematic exploration of the 37km long gold trend at Many Peaks Minerals (ASX: MPK) Ferké gold project continues to deliver outstanding mineralisation in terms of both continuity and grade from diamond drilling at the likely million-ounce 1.5km Ouarigue area, while AC and RC drilling is revealing numerous lookalikes along 9km of confirmed strike, and metallurgical… Read more: Major Extensions and Exemplary Metallurgy Shape MPK’s Ferké into a Monster Deposit
- Monster Deposit’s High-Grade, Bulk Tonnage Potential Just Getting Started at MPK’s Ferké Gold ProjectThe monster deposit that Many Peaks Minerals (ASX: MPK) is likely sitting on at its flagship Ferké Gold Project has demonstrated impressive continuity of mineralisation from surface, while recording increasingly outstanding grades the deeper it gets drilled – having recently hit 45m at 8.58g/t Au from 104m including 25m at 14.8g/t Au from 116m, and… Read more: Monster Deposit’s High-Grade, Bulk Tonnage Potential Just Getting Started at MPK’s Ferké Gold Project