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Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts
Managing Director, Paul Roberts
Source: The Market Herald
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  • Predictive Discovery (PDI) announces positive diamond drilling results from its Bankan Gold Project in Guinea
  • The company drilled two holes and extended the high-grade gold zone 110 metres down-dip of the base of the optimised mineral resource pit shell
  • The first and most promising results from hole BNERD0099 retrieved 52.8 metres at 3.6 grams per tonne (g/t) gold from 510 meters
  • Managing Director Paul Roberts says the exteneded wet season delayed exploration on the site
  • Predictive Discovery was down 3.85 per cent to $0.25 per share at 1:09 pm AEDT

Predictive Discovery (PDI) has announced positive diamond drilling results from its Bankan Gold Project in Guinea.

The company drilled two holes and extended the high-grade gold zone 110 metres down-dip from the base of the optimised mineral resource pit shell.

The first hole BNERD0099 retrieved 52.8 metres at 3.6 grams per tonne (g/t) gold from 510 metres, including 20.2 metres at 7.3 g/t gold and 4.9 metres at 21.2 g/t gold.

The second hole BNERD00100 intersected 28.6 meters at 1.7 g/t gold from 516 metres, including 15.7 metres at 2.6 g/t gold.

Managing Director Paul Roberts said the results were confirmation of the company’s investigations from earlier this quarter.

“These new results have provided further confirmation of continuing extensions to a depth of the high-grade gold mineralised zone below the optimised resource pit shell as well as a better definition of the steep southwards plunge of the overall mineralised zone,” he said.

“With the gradual drying out of the ground after a longer than expected rainy season, we have restarted auger drilling.

“Currently, we have two multipurpose rigs drilling deeper holes beneath NE Bankan, one air-core (AC) rig testing regional targets identified by earlier auger/AC drilling and now, two auger rigs, testing regional structural targets identified by the aeromagnetic survey earlier in the year.”

Predictive Discovery was down 3.85 per cent to $0.25 per share at 1:09 pm AEDT.

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