- Predictive Discovery (PDI) extends mineralisation, after recording its deepest gold intercept to date from its Bankan gold project in Guinea
- The drill hole returned four metres at 5.5 g/t gold from 850 metres, extending mineralisation to 630 metres down-dip and 370 metres vertically below the maiden resource pit shell
- The results come as part of a current diamond and reverse circulation (RC) drilling campaign at NE Bankan, which aims to grow the resource, whilst also undertaking infill drilling
- The company says it is fully funded to undertake further growth opportunities at the project
- Shares are trading 8.82 per cent higher at 18.5 cents at 10:39 am AEST
Predictive Discovery (PDI) has extended mineralisation, after recording its deepest gold intercept to date from its Bankan gold project in Guinea.
In the latest round of assays, a diamond drill hole intercepted mineralisation about 630 metres down-dip and 370 metres below the maiden resource estimate area.
Results from BNERD0113 came in with four metres grading 5.5 grams per tonne (g/t) gold from 850 metres, including 11 metres at 10.3 g/t gold from 852 metres.
The results came as part of the company’s current diamond and reverse circulation (RC) drilling campaign at NE Bankan, which aims to grow the resource down-plunge and along strike, whilst also undertaking infill drilling.
The company said the results to date indicate the high-grade zone remains open at depth.
Meanwhile, RC drilling saw shallower intercepts, with one hole recording nine metres at 2.8 g/t gold from seven metres, including two metres at 7.6 g/t gold from 12 metres.
Managing Director Andrew Pardey said the company was fully funded to execute further progress at the project.
“NE Bankan continues to confirm its emerging tier-one status with hole BNERD0113, our deepest hole drilled to date, extending mineralisation a further 300 metres down-dip of the deepest previously completed hole and intersecting wide zones of good to high-grade gold mineralisation,” he said.
An updated mineral resource estimate is expected to be delivered in the September quarter.
Shares in the company were trading 8.82 per cent higher at 18.5 cents at 10:39 am AEST.