Many Peaks Minerals Says Drilling at Ivory Coast Gold Project Shows Potential for Growth, Shares Rise 13%

MT Newswires Live

03/17

Many Peaks Minerals (ASX:MPK) said an initial diamond core drilling campaign at the Ferké gold project in the Ivory Coast confirmed substantial extensions to gold mineralization and intersected a previously undetected high-grade gold shoot, according to a Monday Australian bourse filing.

It reported significant intercepts of 47 meters at 3.72 grams-per-tonne grade of gold from the surface and 11 meters at 2.16 g/t grade of gold from 53 meters.

An extensive air core drilling program is in progress on extension targets while a diamond drilling campaign will begin in April to test extensions to the high-grade shoots.

The firm's shares rose 13% in recent trading on Monday.

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