Many Peaks Minerals Restricted (ASX:MPK) (Many Peaks or the Firm) is happy to offer the Quarterly Actions Report for the interval ending 31 December 2023. In the course of the quarter, the Firm accomplished drilling actions on the Yarrol and Mt Steadman initiatives in Queensland and accomplished floor sampling and mapping campaigns on the Odyssey uncommon earth factor mission.
HIGHLIGHTS
Yarrol Gold Venture, Queensland
- Diamond drilling confirms extra gold targets at Yarrol related to geophysical anomalies on margins of 4km lengthy mineralised diorite physique
- 2023 drill outcomes cowl 2.2km extent of mineralised hall in preliminary drill exams by Many Peaks to substantiate and lengthen gold mineralisation in historic drilling, with higher outcomes returning;
- 40.8m @ 2.80 g/t gold from 38m depth – YA187 Together with 17.8m @ 4.01g/t gold from 61m depth
- 11.15m @ 1.15 g/t gold from 32.25m depth – YA188
- 16m @ 0.75g/t gold from
- First oriented diamond drilling accomplished, informing on key structural controls to mineralisation and optimum drill orientations
Mt Steadman Gold Venture, Queensland
- Drilling at Mt Steadman identifies vital extension to shallow gold mineralisation returning 8m @ 2.63gt gold from 8m depth
- Continued mapping and floor sampling on the not too long ago recognized N-21 goal at Mt Steadman outlines an intrusive breccia goal related to current extensions to floor gold anomalism
Yarrol Venture
The Yarrol Gold Venture is a 560km2 land holding positioned roughly 30km south-east of the township of Monto within the Northern Burnett Area, and 100km west of the regional metropolis of Bundaberg. The better Yarrol Province hosts quite a lot of vital mines and exploration initiatives, together with the close by Mt Rawdon gold mine operated by Evolution Mining (ASX:EVN) and 70km northwest of Many Peaks’ Mt Steadman Gold Venture (check with Determine 2).
Diamond Drilling Outcomes
Many Peaks has accomplished an extra 6 diamond holes comprising a complete 1,210m drilled concentrating on a number of extension targets throughout greater than 1.6km strike extent of the 4km lengthy diorite hosted intrusion associated gold system at Yarrol.
Drill holes YAD189 and YAD194 (check with Determine 1) are every an preliminary drill take a look at on targets generated from reprocessing and inversion modelling of aerial magnetic information and historic IP floor geophysics.
YAD194, drilled into the historic True Blue prospect space at Yarrol, host to a 700m lengthy hall of higher than 1 g/t gold in rock chips at floor positioned one kilometre south of the not too long ago reported 40.8m @ 2.80g/t gold from drill gap YA187. Floor rock chip outcomes throughout the 700m floor anomaly at True Blue consists of peak historic rock chip outcomes of 33.1g/t gold, 8.57g/t gold & 7.74g/t gold (check with ASX Announcement dated 23 August 2023).
Determine 1 | Yarrol Gold Venture drill collar location map with define of mapped diorite intrusion internet hosting gold mineralisation
Drill gap YAD189 at True Blue efficiently intersected gold mineralisation in the identical diorite intrusion internet hosting gold at YA187 and returned 16m @ 0.75g/t gold related to sheeted quartz veining from 42m drill depth earlier than extending into intensely altered and veined sedimentary wallrock from 95m drill depth.
Along with the success in gap YAD189 at True Blue, the Firm additionally drilled an identical fashion of geophysical goal 1.6km north of YAD189 (600m south of the not too long ago reported 11.15m @ 1.15 g/t gold from 32.25m depth in drill gap YA188) the place drill gap YAD194 intersected slim zones of sulphide mineralisation (pyrite and chalcopyrite) related to seen gold hosted in sediments instantly downhole of the sheared diorite contact zone highlighting a structural hall for follow-up work at Yarrol.
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