Exploration Risks Linger as Many Peaks Expands Côte d’Ivoire Gold Footprint
Many Peaks Minerals reports encouraging initial reverse circulation drilling results from its Odienné gold project in Côte d’Ivoire, confirming extensive mineralisation along a major shear corridor. Concurrently, exploration accelerates at the Ferké project with a second diamond rig added to expand core drilling.
- Initial RC drilling confirms open-ended gold mineralisation over 18km at Odienné
- Significant intercepts include 21m at 1.21g/t and 6m at 3.17g/t gold
- Reconnaissance drilling at Ferké ongoing with assays pending
- Second diamond rig deployed to accelerate core drilling at Ouarigue prospect
- Follow-up induced polarization geophysics planned to refine targets
Exploration Breakthrough at Odienné
Many Peaks Minerals Limited has delivered promising initial results from its reverse circulation (RC) drilling campaign at the Odienné gold project in northwest Côte d’Ivoire. The program, covering over 18 kilometres of the Sassandra shear corridor, has confirmed the presence of open-ended gold mineralisation, a significant milestone for this emerging gold district.
Noteworthy intercepts include a 21-metre section averaging 1.21 grams per tonne (g/t) gold, with a high-grade 6-metre interval at 3.17 g/t from a shallow depth of 14 metres. Other substantial hits such as 9 metres at 1.24 g/t and 12 metres at 0.75 g/t further underscore the potential scale and continuity of mineralisation along this structurally complex corridor.
Strategic Context and Regional Significance
The Odienné project lies on trend with significant regional gold deposits including Robex Gold’s 3.7 million ounce Kiniero project and Resolute Mining’s 2.2 million ounce deposit. Many Peaks’ results reinforce the prospectivity of the Sassandra shear zone, a major structural feature known for hosting orogenic gold mineralisation. The company’s findings add to a growing body of evidence supporting Côte d’Ivoire’s standing as a fertile ground for gold exploration.
Accelerated Activity at Ferké
Alongside Odienné, Many Peaks is advancing its Ferké project in northern Côte d’Ivoire. The recent completion of a reconnaissance RC drilling campaign has set the stage for accelerated exploration, with assays pending. To expedite progress, a second diamond drill rig has been mobilised to the Ouarigue prospect, aiming to delineate the extent of gold mineralisation with core drilling.
This dual-rig approach reflects the company’s commitment to rapidly expanding its resource base and refining geological models. The combined drilling programs at Odienné and Ferké are integral to Many Peaks’ strategy to build a robust portfolio of gold assets in West Africa.
Next Steps, Geophysics and Target Refinement
To complement drilling, Many Peaks plans to undertake induced polarization (IP) geophysical surveys and ground geophysics to better define structural and geochemical targets. These surveys are expected to enhance subsurface understanding and guide follow-up drilling campaigns, potentially unlocking further mineralised zones within the extensive corridors identified.
With exploration permits pending renewal and joint venture agreements in place, Many Peaks is well positioned to advance these projects towards feasibility studies. The company’s approach combines systematic drilling with geophysical targeting, aiming to convert early-stage discoveries into defined resources.
Bottom Line?
Many Peaks’ latest drilling success at Odienné and ramped-up activity at Ferké mark a pivotal phase in its Côte d’Ivoire gold exploration journey.
Questions in the middle?
- How will upcoming assay results from Ferké’s diamond drilling influence project valuation?
- What is the timeline for completion and interpretation of the planned induced polarization surveys?
- How might permitting renewals and joint venture terms impact Many Peaks’ operational flexibility?
