Many Peaks Minerals Completes 10,000 Meters of Drilling in March Quarter
MT Newswires Live
Apr 16
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.