Peak Minerals Limited Drilling Breakthrough: 28km of Heavy Mineral Intercepts Unveil a Promising Rutile Province in Cameroon

Wednesday, May 21, 2025
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9:02 am
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Peak Minerals Limited reports encouraging drilling results at its Minta Rutile Project in Cameroon. The latest phase confirmed extensive heavy mineral intersections over a 28km strike, with all drill holes hitting significant mineralisation, fueling optimism for further resource expansion and long‐term value potential.

Peak Minerals Limited recently reported promising results from its reconnaissance drilling at the Minta Rutile Project in Cameroon. The company disclosed assays from 29 additional vertical drill holes, spanning a 28-kilometre strike length, all of which intercepted heavy mineral (HM) mineralisation from surface with an average depth of 3.9 metres. Notable drill results include intervals such as 3.1 metres at 8.4% HM, 6.8 metres at 2.8% HM, 3.5 metres at 5.0% HM, and 7.0 metres at 1.7% HM, among others. Every hole tested has intersected HM mineralisation, underlining both the continuity and depth of the deposit in a region that stretches up to 35 kilometres from the initial discovery. The broader Minta Rutile Project covers over 7,000 square kilometres, with Phase 1 of the exploration program now complete over approximately 50% of this area. The drilling program, conducted with cost-effective hand augers and Dormer rigs, has identified a large, continuous HM province that further extends the previously reported discovery. The company is also in the process of quantifying the potential additional contribution from oversize rutile nuggets (+1mm) which could significantly enhance the overall HM content. The exploration approach builds on modern techniques in a region that had not been previously examined with such rigour, with further assay results and geometallurgical analysis expected in the coming weeks. Bullish versus Bearish Sentiment: The news is largely bullish. The consistency of HM intercepts across the drill grid and the expansion of the mineralised zone to cover significant strike lengths support a strong exploration case. Investors may view these results as a sign of substantial potential in a largely underexplored area, particularly with indications that further assays could boost overall HM grades. On the downside, the market may remain cautious until the potential uplift from oversize mineralisation is fully quantified and a maiden Mineral Resource Estimate is delivered. Nonetheless, the step-change in exploration results has the potential to positively shift investor sentiment as the project advances.

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