Total
0
Shares
Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts
Managing Director, Paul Roberts
Source: Hot Copper
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Predictive Discovery (PDI) says recent drilling has reinforced and extended a high-grade gold zone at its Bankan Gold Project in Guinea
  • Results from four diamond drill holes at NE Bankan totalling 1853 metres have provided further confirmation of the strength of the mineralised zone at depth
  • Assays are pending from another four diamond drill holes testing beneath the optimised pit shell, which PDI says has potential to further extend the high-grade gold zone
  • Regional exploration is set to continue across the project area once conditions dry out, with more than 90 per cent of the project still untested
  • Predictive Discovery shares are trading 2.70 per cent up at 19 cents at 10:38 am AEDT

Predictive Discovery (PDI) has announced that recent drilling has reinforced and extended a high-grade gold zone at its Bankan Gold Project in Guinea.

Results from four diamond drill holes at NE Bankan totalling 1853 metres were returned to the company and were said to provide further confirmation of the strength of the mineralised zone at depth.

Results included 20.7 metres at 9.6 grams per tonne (g/t) gold from 397 metres, including 12 metres at 15.6g/t gold from 400 metres.

Meanwhile, assays are still pending from a further four diamond drill (DD) holes testing beneath the US$1800 per ounce (roughly A$2429) optimised pit shell, which the company said had potential to extend the high-grade gold zone further.

The company plans to continue focusing on the expansion of the zone, with two multi-purpose DD rigs now drilling deeper holes beneath the optimised pit shell, which was being prepared for the recent maiden mineral resource estimate.

“DD programs testing this high-grade zone further downdip have potential to add greatly to our resource inventory, beyond the 3.65 million ounce gold resource we have recently reported,” Managing Director Paul Roberts said.

Meanwhile, regional exploration through aircore drilling is set to continue across the Bankan Project area once conditions dry out. With more than 90 per cent of the project still untested, the drilling will test structural and geochemical targets.

Predictive Discovery shares were trading 2.70 per cent up at 19 cents at 10:38 am AEDT.

PDI by the numbers
More From The Market Herald

" Horseshoe Metals (ASX:HOR) completes ASX requirements for potential relisting

Horseshoe Metals (HOR) has completed the activity requirements for the ASX to consider lifting its suspension from trading.
Renascor Resources (ASX:RNU) - Managing Director, David Christensen

" Renascor Resources (ASX:RNU) reports higher yields for Siviour Project

Renascor Resources (RNU) has reported higher yields and higher prices for its purified spherical graphite.

" Manhattan Corporation (ASX:MHC) extends term at uranium project

Manhattan Corporation (MHC) has announced the extension of term for its fully owned exploration license covering its Ponton Uranium Project.

" Black Dragon Gold (ASX:BDG) completes first tranche of placement

Black Dragon Gold (BDG) has raised $1.85 million under the first tranche of its recently announced $2.4 million placement.