Many Peaks Minerals receives strong gold assay results from Ferké project in Côte d'Ivoire, bolstering confidence ahead of maiden mineral resource estimate. Diamond core drilling returned impressive intercepts including 105 metres at 2.28 grams per tonne gold and 39.15 metres at 2.38 g/t gold from surface. The results demonstrate continuity of substantial bulk-tonnage mineralisation with improving grades at depth. Managing Director Travis Schwertfeger highlighted that a robust geological model has emerged, tripling the vertical and lateral extent of gold mineralisation at Ouarigue. Further assay results expected end of April, with updated MRE and pre-feasibility study targeted for fourth quarter. Many Peaks is well positioned to advance priority targets at Ferké South following anticipated permit grant this quarter. Stock surged 10.3% to 86 cents on the positive news.
Post from MarketNews_en
Log in to interact with content.