Diamond Drilling Extends Ouarigue Prospect at Ferké With 36m at 2.64g/t Gold

By Mining Hub News Desk
2 September 2026, 7:44 p.m. EDT 2 min read

Results Confirm Depth Extensions for Ouarigue Prospect – image 5
Diamond drill core showing assay results from the Ouarigue prospect. Source: Many Peaks Minerals Ltd

Many Peaks Minerals Ltd has received assay results from 21 diamond core holes totaling 5,888 metres at the Ouarigue prospect within the Ferké Gold Project in Côte d'Ivoire.

The program delivered a deep extensional intercept at the northern extremity of the mineralised Ouarigue intrusion. Drill hole FNDC135 returned 36.0 metres at 2.64g/t gold from 600.0 metres downhole, including a 4.2-metre section grading 5.39g/t gold from 628 metres and a separate interval of 5.0 metres at 1.46g/t gold from 581.65 metres.

The intercept extends the interpreted intrusion-hosted mineralisation approximately 100 metres down-dip and 160 metres along strike from previous drilling at that depth. Two wedge holes were subsequently completed from FNDC135 to test continuity and geometry. FN135W01 deviated upward at 333 metres to intersect the intrusion approximately 24 metres up-dip, while the second-order wedge hole FN135W03 branched off at 318 metres to test the target 12 to 15 metres north. Assays for both wedge holes remain pending.

Additional results from drilling beneath the northern corridor of the Ouarigue Mineral Resource Estimate, which currently stands at 26.7 million tonnes at 1.54g/t gold for 1,323,000 ounces, include hole FNDC132 returning 7.60 metres at 1.44g/t gold from 381.15 metres and 2.0 metres at 8.76g/t gold from 434.1 metres. Hole FNDC123 yielded 14.4 metres at 0.79g/t gold from 217.0 metres, including 6.30 metres at 1.35g/t gold, while hole FNDC121 intersected 2.25 metres at 4.36g/t gold from 189.45 metres.

Three diamond rigs remain active on site to continue extensional drilling at Ouarigue. Many Peaks anticipates a drilling cut-off date for an upcoming Mineral Resource Estimate update around the end of the third quarter of 2026, though planned drilling designed to support resource growth is scheduled to extend into 2027.

Assays are pending for a further 27 diamond core holes totaling 9,375 metres at Ferké, with results expected progressively from late September through October 2026. In addition, analytical results are pending from 65 reverse circulation holes totaling 7,979 metres, which include testing on an up to 400-metre-long extension target north of the current resource model and reconnaissance drilling across multiple targets located up to 4 kilometres south of Ouarigue. Reverse circulation drilling is scheduled to recommence at the project in October.

The company's wider Côte d'Ivoire asset portfolio includes exploration projects at Baga, Odienne, and Oumé alongside Ferké.

Read the full announcement: Results Confirm Depth Extensions for Ouarigue Prospect