Many Peaks Minerals Hits 36m at 2.64g/t Gold at 600m Depth Extending Ouarigue
Key Takeaways
- Hole FNDC135 returned 36.0m @ 2.64g/t gold from 600m depth, including a 4.2m @ 5.39g/t high-grade interval, confirming mineralisation at the interpreted northern extremity of the Ouarigue intrusion.
- FNDC135 sits 160m north of previous hole FNDC087 (46.25m @ 2.40g/t), together bracketing a high-grade strike corridor at depth that remains largely untested between and beyond both intercepts.
- The Ouarigue MRE currently stands at 26.7Mt @ 1.54g/t for 1,323,000 ounces, with these depth extensions sitting below the current resource boundary and open along strike and at depth.
- A further 27 DC holes (9,375m) and 65 RC holes (7,979m) have been drilled with assays pending progressively from late September through October 2026, ahead of an MRE update drilling cut-off anticipated around end of Q3 2026.
- Pre-feasibility-level technical studies are planned for the December quarter of 2026, subject to completion of drilling and outcomes of the updated MRE.
Deep drilling confirms gold at 600m depth, extending Ouarigue’s mineralised footprint
The standout result from Many Peaks Minerals’ latest drilling campaign is hard to miss: hole FNDC135 returned 36.0m @ 2.64g/t gold from 600m depth, including 4.2m @ 5.39g/t gold from 628m, confirming high-grade gold mineralisation at the interpreted northern extremity of the mineralised Ouarigue intrusion. The results come from assays received for 21 diamond core (DC) holes totalling 5,888m from the ongoing extension and delineation program at the Ferké Gold Project in Côte d’Ivoire.
The Ouarigue Mineral Resource Estimate (MRE) currently stands at 26.7Mt @ 1.54g/t gold for 1,323,000 ounces, as reported on 20 April 2026. FNDC135 is a 160m step-out north of previous hole FNDC087, which returned 46.25m @ 2.40g/t gold from a similar depth. Together, the two holes bracket the interpreted southern and northern extremities of the mineralised Ouarigue intrusion at the target depth, with gold mineralisation remaining open along strike and at depth between and beyond both intercepts.
When big ASX news breaks, our subscribers know first
Drilling results at a glance
The table below summarises the key intercepts from this announcement. All figures are sourced from Appendix A of the ASX announcement.
| Hole ID | From (m) | Drill Thickness (m) | Gold Grade (g/t) | Significance |
|---|---|---|---|---|
| FNDC135 | 600.0 | 36.0 | 2.64 | Depth extension, northern intrusion extremity |
| FNDC135 | 581.65 | 5.0 | 1.46 | Separate shallower interval, multiple mineralised zones |
| FNDC132 | 381.15 | 7.60 | 1.44 | Below current MRE |
| FNDC132 | 434.10 | 2.0 | 8.76 | High-grade below MRE |
| FNDC123 | 217.0 | 14.4 | 0.79 | Northern corridor continuity |
| FNDC121 | 189.45 | 2.25 | 4.36 | Northern corridor high-grade shoot |
| FNDC124 | 169.25 | 3.0 | 2.81 | Northern corridor |
What the Ouarigue intrusion means for resource growth
To understand why these results matter, it helps to know a little about how gold deposits form at Ouarigue. The broader northern corridor of the project hosts what geologists call shear-hosted mineralisation: gold distributed through zones of deformation in the surrounding metasedimentary rock (ancient sedimentary rock that has been altered by heat and pressure). This creates a wide, lower-grade mineralised envelope stretching more than 800m north of the central deposit area.
Sitting within that envelope, at depth, is the Ouarigue intrusion: a body of granitic rock that hosts higher-grade gold mineralisation. Think of it as the higher-grade engine within the broader, lower-grade system. Drilling at depth to test this intrusion is where the most significant grade potential lies, which is why FNDC135’s result at 600m depth is the headline number.
A Mineral Resource Estimate (MRE) is a formal, independently verified estimate of the amount of gold in the ground that might be economically extracted. When drilling extends mineralisation below the boundaries of an existing MRE, as these results do, it opens the possibility of incorporating that material into a future updated estimate. The company has noted, however, that economic parameters for any future underground resource assessment at depth have not yet been determined.
Why the 160m gap between FNDC087 and FNDC135 matters
FNDC087 and FNDC135 define the southern and northern ends of a 160m strike length of high-grade mineralisation at the target depth. Based on up-dip drilling patterns, mineralisation is interpreted to thicken between the two holes, making the untested corridor between them a key upcoming drill target.
Two wedge holes, FN135W01 and FN135W03, were drilled from FNDC135 to test continuity up-dip and to the north of FNDC135. Assays for both holes are pending. The results, when they arrive, will help define the geometry and continuity of higher-grade gold across this gap.
What’s coming next — assays, MRE update, and pre-feasibility studies
The volume of data still to come is substantial. A further 27 DC holes totalling 9,375m have been drilled, with assay results anticipated progressively from late September through October 2026. An additional 65 RC holes totalling 7,979m are also pending, including testing of an up to 400m-long extension target north of the current MRE and reconnaissance targets up to 4km south of Ouarigue.
The pending RC drilling results at Ouarigue include tests of the up to 400m extension target north of the current MRE boundary, and prior RC drilling results at Ouarigue have already demonstrated the system’s capacity to deliver consistent intercepts across the northern corridor at shallower depths.
Three diamond rigs are continuing extensional drilling at Ouarigue. The drilling cut-off date for the MRE update is anticipated around the end of Q3 2026 (calendar), though resource growth drilling is expected to continue into 2027. All of these activities form part of the company’s planned 60,000-metre 2026 drilling program across its Côte d’Ivoire portfolio.
The upcoming catalyst sequence looks like this:
- Progressive assay results from pending DC and RC holes (late September through October 2026)
- MRE update drilling cut-off (anticipated around end of Q3 2026 calendar)
- Ferké South RC drilling of priority targets commences (subject to formal grant of permit by presidential decree)
- Pre-feasibility-level technical studies planned for the December quarter of 2026, subject to completion and interpretation of drilling and the outcomes of the updated MRE
The next major ASX story will hit our subscribers first
About Many Peaks Minerals
Many Peaks Minerals is an ASX-listed gold exploration company focused on Côte d’Ivoire, West Africa. The company operates in the Birimian gold terrane, a highly prospective geological setting that hosts a number of the region’s significant gold operations, with Ferké situated among a cluster of multi-million-ounce projects across West Africa.
Many Peaks’ West African portfolio extends beyond Ferké, with gold results at the Odienné project adding a second active exploration front to the company’s Côte d’Ivoire footprint within the same Birimian gold terrane.
MPK holds a 65% interest in the Ferké permit via the GIV Joint Venture, with the exclusive right to acquire an 85% interest by sole-funding any one project to a definitive feasibility study. Resolute (Treasury) Pty Ltd holds a 1% net smelter royalty (NSR) on Many Peaks’ share of future production from GIV Joint Venture permits.
No management quote was included in the ASX announcement of 3 September 2026; accordingly, no director quote has been included here.
Ready to Explore the Ferké Gold Project’s Expanding Resource Potential?
Deep drilling at Ouarigue has confirmed high-grade gold mineralisation at 600m depth, with a 160m strike corridor between two significant intercepts remaining largely untested and open along strike. With an MRE update drilling cut-off anticipated around the end of Q3 2026 and pre-feasibility studies planned for the December quarter, the upcoming catalyst pipeline for Many Peaks Minerals is substantial.
Explore the full details of the Ouarigue extension program and what’s driving the resource growth case by visiting the Many Peaks Minerals project page on Discovery Alert.