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Many Peaks Minerals Limited (ASX:MPK)

ALERT: Price-sensitive ASX Announcement for MPK
Current share price for MPK : $1.113 0.303 (37.35%)+
Announcement
Release
1 Jul 2026 8:20AM
Price at Release
$0.810
Full Release
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Summary
Many Peaks Minerals Limited has exercised its option to acquire the Baga Gold Project in Côte d'Ivoire, covering a vast 644km² area with significant potential for gold exploration. This decision followed an extensive soil sampling program that uncovered multiple gold-in-soil anomalies over more than 16km. A comprehensive 14,000m auger drilling campaign is currently underway, aiming to further investigate these anomalies across nine distinct zones. The program is designed to refine target areas for follow-up exploration, with the ultimate goal of advancing these targets towards drill testing. The project aligns with Many Peaks' strategy to enhance its portfolio by tapping into the promising and underexplored gold corridors in the region.
Key Points
  • Many Peaks Minerals Limited announced the exercise of an option to acquire 100% of the Baga Gold Project.
  • The Baga Gold Project covers a 644km² area in Côte d'Ivoire, featuring significant gold-bearing structures.
  • An extensive soil sampling program identified multiple gold-in-soil anomalies across more than 16km.
  • A 14,000m auger drilling campaign is underway targeting these anomalies with around 2,300 holes planned.
  • The drilling will cover nine zones of gold anomalism, some extending up to 6km.
  • Initial soil geochemistry results showed strong gold anomalism associated with shear structures and lithological contacts.
  • The auger drilling aims to refine target definitions for further exploration and potential drill testing.
  • The project complements Many Peaks' broader portfolio and exposure to underexplored gold corridors in Côte d'Ivoire.
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.