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Many Peaks Gold Ltd. ( (AU:MPK) ) has issued an update.
Many Peaks Gold Ltd. has announced promising preliminary results from its LeachWell™ bottle roll leach tests at the Ferké Gold Project in Côte d’Ivoire, achieving an average gold recovery of 94% from sulfide-bearing fresh rock. These results suggest the potential for low-cost cyanide leach processing, which could enhance the project’s economic viability. The company plans further metallurgical testing to optimize recovery processes and is preparing for additional drilling to expand mineralisation at the Ouarigue prospect, indicating a strong potential for resource growth and economic extraction.
More about Many Peaks Gold Ltd.
Many Peaks Gold Ltd. is a company operating in the mining industry, focusing on gold exploration and extraction. The company is primarily involved in developing the Ferké Gold Project in Côte d’Ivoire, which includes the Ouarigue prospect known for its significant gold mineralisation.
Average Trading Volume: 294,320
Technical Sentiment Signal: Buy
Current Market Cap: A$89.23M
Learn more about MPK stock on TipRanks’ Stock Analysis page.