MPK - Many Peaks Minerals

[System]

Many Peaks Gold Limited is a mineral exploration and development company focused on gold and gold-copper exploration in the southern part of the Yarrol Geological Province in Queensland, Australia. The Company has secured options to acquire, in two tranches, a 100% interest in two exploration permits (the Tenements) for minerals in the central region of Queensland, covering a total area of 464km2.

The exploration completed to date within the Tenements has included reconnaissance exploration work across multiple mineral occurrences and historical workings which has identified three project areas within the Tenements, being the Mt Weary Gold Project, Rawlins Gold-Copper Project, and the Monal Gold Project.

Mt Weary Gold Project
The Mt Weary Gold Project is located within the eastern extent of the Tenements and is comprised of multiple gold occurrences with the ‘Boggy Creek prospect’ central to the project area. The Mt Weary Gold Project hosts gold anomalism, along with several historical gold workings. Within the larger anomalous gold corridor, the Boggy Creek prospect hosts drill ready targets generated from geophysical and geochemistry surveys completed in recent years identifying more than 1km of potential extensions to previously drilled gold mineralisation.

Rawlins Gold-Copper Project
The Rawlins Gold-Copper Project area is at an early-stage of exploration and located in the western area of the Tenements, approximately 20km west of the Mt Weary Gold Project. Situated on the margin of a significant annular feature identified in regional magnetic datasets, several smaller intrusive features are outlined on the margin of the magnetic feature which are coincident with multiple areas of surface copper and gold anomalism returned in recent surface sampling and mapping completed by the Company over the past 12 months. Several targets have been identified for follow-up exploration including the Eastern Star, Copper Knob and Rough Gully Prospects. The geophysics, metallogeny and alteration of the Rawlins Gold-Copper Project area are indicative of porphyry style mineralisation on a significant size target area.

Monal Gold Project
Located in the north of the Tenements, an extensive corridor of historical mines has exploited veins from adits over 5km of strike extent including a collection of abandoned mines referred to as the Monal Goldfields. Located approximately 12km to the northeast of the Rawlins Gold-Copper Project, and 18km northwest of the Mt Weary Gold Project. Hosting potential for high-grade epithermal veining, the Monal Gold Project has received very little modern exploration. The Company intends to complete surface geochemical and ground geophysical survey to better define the geometry of mineralisation and assess the area for further exploration.

It is anticipated that MPG will list on the ASX during March 2022.

Many Peaks Gold Limited – Exploration in a proven gold province in south-east Queensland

manypeaks.com.au

 

[Dona Ferentes]

Listing date	16 March 2022 1:00 PM AEDT ##
Company contact details	http://www.manypeaks.com.au/
Principal Activities	Minerals exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	MPG
Capital to be Raised	$5,500,000
Expected offer close date	21 February 2022
Underwriter	Not underwritten. 708 Capital Pty Ltd (Lead Manager)

 

[greggles]

Listed last week with an issue price of 20c. Currently 38c. Someone clearly thinks MPG has real potential. One of the better performing IPOs of 2022 so far.

 

[Dona Ferentes]

One of the better performing IPOs of 2022 so far.

One peak, and a few troughs.

.... also, may need a name change.
Highlights
• Diamond drilling results confirm a sizeable opportunity for combined cobalt and heavy mineral sands over an extensive area at the Plateau Cobalt Project
• Shallow, flat laying cobalt bearing horizon intersected in all holes across a width of 330m at the north-eastern extent of a 4km long zone hosting >1% cobalt

 

[Dona Ferentes]

out of the ranges, and foothills, and on to the plain

now listed for nearly 2 years, spending on exploration.
$4M cap, $1.8M in kitty
Board changes.

Quarterly Activities & Cash Flow Report – December 2023

HIGHLIGHTS
Yarrol Gold Project, Queensland
• Diamond drilling confirms additional gold targets at Yarrol associated with geophysical anomalies on margins of 4km long mineralised diorite body
• 2023 drill results cover 2.2km extent of mineralised corridor in initial drill tests by Many Peaks to confirm and extend gold mineralisation in historical drilling, with better results returning;
• 40.8m @ 2.80 g/t gold from 38m depth – YA187, Including 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 completed, informing on key structural controls to mineralisation and optimal drill orientations

Mt Steadman Gold Project, Queensland
• Drilling at Mt Steadman identifies significant extension to shallow gold mineralisation returning 8m @ 2.63gt gold from 8m depth
• Continued mapping and surface sampling on the recently identified N-21 target at Mt Steadman outlines an intrusive breccia target associated with recent extensions to surface gold anomalism