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Many Peaks Gold Ltd. ( (AU:MPK) ) has provided an announcement.
Many Peaks Gold has reported new reverse circulation and diamond drilling results from its Ferké Gold Project in Côte d’Ivoire, extending the strike length of mineralisation at the Ouarigue prospect to more than 1.1km. The latest assays, which include several high-grade intercepts, suggest a significant increase in mineralised volume beyond the previously modeled 500m intrusion body.
Management says the results strengthen the potential for pit-constrained resources and higher gold yield per vertical metre for the bulk-tonnage, open-pit target at Ouarigue. With the Ferké North permit renewed and the Ferké South permit application advancing, the company plans further drilling across an expanded 37km mineralised trend, which could enhance its resource base and development options.
The most recent analyst rating on (AU:MPK) stock is a Buy with a A$1.85 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 Gold Ltd. is an Australia-listed mineral exploration company focused on gold projects, with key activities currently centered on the Ferké Gold Project in Côte d’Ivoire. The company targets bulk-tonnage, open-pit gold deposits and is expanding its footprint along a 37km mineralised trend through northern and southern Ferké permits.
Average Trading Volume: 147,641
Technical Sentiment Signal: Buy
Current Market Cap: A$133.1M
For an in-depth examination of MPK stock, go to TipRanks’ Overview page.