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6 stories mentioning ASX:MPKUpdated 2h ago

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Asia

Many Peaks Minerals Continue to Extend Mineralized Corridor at Ivory Coast Project

Many Peaks Minerals (ASX:MPK) continued to extend the mineralized corridor along the northern extent of the Ouarigue mineral resource estimate with strong gold assay results from drilling at the Ferké project in the Ivory Coast, according to a Thursday filing with the Australian bourse.Eleven drill holes comprising 2,350 meters of diamond core drilling returned nearly 42 meters at 1.42 grams per tonne grade of gold from 1.6 meters, followed by almost 40 meters at 3.94 g/t grade of gold from 54 meters, nearly 95 meters at 1.43 g/t grade of gold from 170 meters, including 9.45 meters at 2.09 g/t grade of gold and 5.4 meters at 12.40 g/t grade of gold, the filing said.Reverse circulation drilling is ongoing at the project, with assays pending from 7,051 meters of drilling, per the filing.

ASX:MPK
Asia

Many Peaks Minerals Finds Gold-Linked Anomalies at Ivory Coast Project

Many Peaks Minerals (ASX:MPK) found anomalies associated with gold mineralization confirmed in previous drilling following gradient array induced polarization field surveys at the Odienné project in the Ivory Coast, according to a Tuesday filing with the Australian bourse.A planned 8,000-meter air-core drilling is designed to follow up on priority targets, with results expected between June and August, the filing said.Additionally, a third drill rig has been mobilized as exploration advances at the Ferké project, per the filing.Shares rose 1% in morning trade on Tuesday.

ASX:MPK
Asia

Many Peaks Minerals Completes AU$27.5 Million Equity Raise

Many Peaks Minerals (ASX:MPK) completed a AU$27.5 million equity raise from new and existing investors to fund growth across its project portfolio in Côte d'Ivoire, according to a Friday filing with the Australian bourse.The company said it received firm commitments for about 30.6 million new ordinary shares at an issue price of AU$0.90 each.Directors subscribed for AU$800,000 under the placement, subject to shareholder approval.

ASX:MPK
Asia

Many Peaks Minerals' Ivory Coast Gold Project Holds Upside After Strong Mineral Estimate, Euroz Hartleys Says

Many Peaks Minerals' (ASX:MPK) Ivory Coast-based Ferke gold project has all the elements for a highly economic development project, Euroz Hartleys said in a note on Monday, after the company posted an upbeat mineral resource estimate from the project.The company announced a maiden mineral resource estimate of 1.3 million ounces of gold at 1.5 grams per tonne for its Ouarigue prospect area in the project, compared with Euroz Hartleys' forecast of 1 million ounces of gold at 1.2 grams per tonne.The investment firm said there is room for upside after the company stated the deposit remains open at depth, hinting potential for further growth, and highlighted additional exploration upside across a 37-kilometer gold trend at the site.Reverse circulation drilling at the Ferke South permit is also expected to begin after the grant of permit, a key prospective area "missed by the market," the firm added.Euroz Hartleys maintained a speculative buy rating and raised the price target to AU$1.90 from AU$1.38.

ASX:MPK
Asia

Many Peaks Minerals Reports Maiden Independent Mineral Resource for Ivory Coast Prospect Area; Shares Reach All-Time Peak

Many Peaks Minerals (ASX:MPK) said the maiden independent mineral resource estimate for the Ouarigue prospect area within the Ferke gold project in Ivory Coast came in at 26.7 million tonnes at 1.5 grams per tonnes (g/t) grade of gold for 1.3 million ounces, according to a Monday Australian bourse filing.This includes 23.1 million tonnes at 1.5 g/t grade of gold in the measured and indicated category, and 3.5 million tonnes at 2 g/t grade of gold in the inferred category.The company said it expects ongoing drilling to deliver near-term resource growth at Ferke, as well as resource growth and increasing confidence in the Ouarigue mineral resource to underpin pre-feasibility studies.Many Peaks Minerals' shares jumped 8% in recent trading on Monday, reaching an all-time peak.

ASX:MPK
Asia

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

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.

ASX:MPK

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