Many Peaks Minerals (ASX:MPK) found multiple extension targets during a recent reverse circulation drilling at its Ferké gold project in the Ivory Coast, according to a Wednesday Australian bourse filing.
The results were up to 24 meters at 1.33 grams per tonne grade of gold from the surface, and seven meters at 3.16 g/t gold from 77 meters.
The company expects follow-up reverse circulation drilling to start in the December quarter, with drilling initially focused on priority targets identified and progressing into additional extensional reconnaissance drill tests of the open-ended mineralized corridor.
The company expects further diamond core results in the coming week from 11 diamond holes for 4,450 metres, while a further 14 holes are currently being processed for assay shipment.
The company's shares fell 1% in recent Wednesday trade.