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Many Peaks Minerals Limited (ASX:MPK)

ALERT: Price-sensitive ASX Announcement for MPK
Current share price for MPK : $0.845 -0.125 (-12.89%)+
Announcement
Release
2 Jun 2026 8:26AM
Price at Release
$0.970
Full Release
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Summary
Many Peaks Minerals Limited has announced the completion of surface Gradient Array Induced Polarisation (GAIP) field surveys at the Odienné Gold Project in Côte d’Ivoire and the commencement of additional drilling activities at both the Odienné and Ferké Gold Projects. Over 60,000 meters of drilling have been budgeted across these projects for the calendar year 2026. The GAIP survey successfully identified anomalies associated with known gold mineralisation, initiating a planned 8,000 meters of air core drilling to further explore these targets. Notably, maiden reverse circulation (RC) drilling at Zone C returned significant gold intercepts, elevating its priority for further exploration. The drilling efforts, which include 190 air core holes at Zone C, aim to cover over 18km of the mineralised Sassandra shear corridor, with initial results anticipated by late June.
Key Points
  • Completion of surface GAIP field surveys at the Odienné Gold Project.
  • Commencement of additional drill rigs at Odienné and Ferké Gold Projects.
  • Over 60,000m of drilling budgeted in Côte d’Ivoire for CY 2026.
  • GAIP survey identified anomalies associated with known gold mineralisation.
  • Planned 8,000m air core drilling to follow-up on priority targets.
  • Zone C maiden RC drilling returned significant gold intercepts.
  • Zone A and Zone C prospects cover over 18km of the Sassandra shear corridor.
  • Drilling campaigns focused on resource growth and new discoveries.
  • Zone C AC drilling comprises 190 drill holes for 4,000m of drilling.
  • Initial results from Zone C expected in late June.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.