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Many Peaks Minerals Completes 10,000 Meters of Drilling in March Quarter

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Many Peaks Minerals (ASX:MPK) said it completed 10,150 meters of reverse circulation and diamond core drilling for the period ended March 31 at its Ferke Gold Project in the Ivory Coast, with 20 diamond holes pending results in the current quarter, according to a Thursday Australian bourse filing.

The company said it held AU$7.6 million in cash at the end of the quarter, excluding investment holdings of AU$2.0 million convertible into cash, with exploration expenditure during the period totaling AU$3.6 million.

Administration and corporate costs for the quarter amounted to AU$500,000, the company said.

Many Peaks Minerals' shares slipped almost 1% in recent Thursday trade.

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