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An announcement from Many Peaks Gold Ltd. ( (AU:MPK) ) is now available.
Many Peaks Minerals reported a busy March quarter, completing 10,151 metres of reverse circulation and diamond drilling at its Ferké Gold Project in Côte d’Ivoire and advancing geochemical and geophysical work at the Odienné project. Strong diamond drill assays at the Ouarigue prospect, including long mineralised intervals above 2 grams per tonne gold, support preparation of a maiden mineral resource and point to increasing scale and continuity of the bulk-tonnage target.
Additional reverse circulation results extended the modelled mineralised corridor at Ouarigue to more than 1.1 kilometres, while historical data compilation at the Ferké South application area confirmed shallow gold mineralisation and high-grade rock chip samples, highlighting multiple drill-ready targets once tenure is granted. Formal two-year exceptional renewal of the Ferké North permit, inter-ministerial approval for Ferké South, and A$9.6 million in cash and investments at quarter-end strengthen the company’s exploration runway and consolidate its position along the 37-kilometre Leraba gold corridor.
The most recent analyst rating on (AU:MPK) stock is a Buy with a A$1.92 price target. To see the full list of analyst forecasts on Many Peaks Gold Ltd. stock, see the AU:MPK Stock Forecast page.
More about Many Peaks Gold Ltd.
Many Peaks Minerals Limited is an Australian-listed gold exploration company focused on West Africa, particularly Côte d’Ivoire. The company is advancing the Ferké Gold Project, comprising the Ferké North permit and the pending Ferké South application along the Leraba gold corridor, as well as the Odienné gold project, targeting bulk-tonnage gold mineralisation in greenstone belt and batholith margin settings.
Average Trading Volume: 181,152
Technical Sentiment Signal: Buy
Current Market Cap: A$132.4M
Find detailed analytics on MPK stock on TipRanks’ Stock Analysis page.