Predictive Discovery (ASX:PDI) - Managing Director Andrew Pardey
Managing Director Andrew Pardey
Source: Proactive Investors
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  • Predictive Discovery (PDI) drilling strikes 41.5 metres at 5.2 grams per tonne of gold at its Bankan gold project in Guinea, West Africa
  • The company has reported new assay results from seven recently completed diamond holes drilled at the NE Bankan deposit for a total coverage of about 4,668 metres
  • Better intersections include 41.5m at 5.2 g/t from 598m including 8.7m at 14.9 g/t from 605m and 14.2m at 6.8 g/t from 627m including 7.8m at 10.7 g/t from 631m
  • Predictive says the latest intercepts demonstrate the NE Bankan deposit hosts continuous ore-grade mineralisation for 820m down-dip from surface on the main shear contact, to a vertical depth of 500m below surface
  • PDI shares last traded at 18.5 cents on April 26

Predictive Discovery (PDI) has intersected 41.5 metres at 5.2 grams per tonne of gold from a diamond drilling program at its Bankan gold project in Guinea, West Africa.

The company reported new assay results from seven recently completed diamond holes drilled at the NE Bankan deposit for a total coverage of about 4,668 metres.

The drilling probed below the deeper, high-grade core at NE Bankan, which remains open at depth and along strike.

Better intersections included 41.5m at 5.2 g/t from 598m including 8.7m at 14.9 g/t from 605m and 14.2m at 6.8 g/t from 627m including 7.8m at 10.7 g/t from 631m.

Predictive said the latest intercepts show the NE Bankan deposit hosts continuous ore-grade mineralisation for 820m down-dip from surface on the main shear contact, to a vertical depth of 500m below surface.

“These new results demonstrate the consistency of grade and mineralisation, which evidently continues significantly beyond the bottom of the NE Bankan pit shell, further underpinning Predictive’s view that Bankan is potentially a tier-one gold mine in the making,” Managing Director Andrew Pardey said.

Bankan currently has an inferred resource of 72.8 million tonnes at 1.56 g/t gold for 3.65 million ounces of contained gold.

Predictive said the project offers “significant exploration potential” to increase the resource base, which it aimed to do through an aggressive drilling program over the next 12 months.

The company said the current and planned drilling campaign would underpin an updated mineral resource estimate (MRE) for the Bankan project.

It hoped to release the revised MRE in the September quarter.

PDI shares last traded at 18.5 cents on April 26.

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