Join our daily newsletter At The Bell to receive exclusive market insights
- Predictive Discovery (PDI) has extended the NE Bankan gold discovery in Guinea by 30 per cent to 1.3 kilometres in length
- A 65-hole power auger drilling program has been completed across the Kaninko and Saman Permit areas within the gold discovery
- This drilling was targeting extensions to the gold anomalous NE Bankan discovery, which was initially identified through soil and laterite sampling programs
- Following this extension, Predictive believes there is potential to further extend the NE Bankan trend to the north and south
- At this stage, power auger and reverse circulation drilling is ongoing
- Company shares are up 3.37 per cent and are trading for 9.2 cents each
Predictive Discovery (PDI) has extended the NE Bankan gold discovery in Guinea by 30 per cent to 1.3 kilometres in length.
The miner completed a 65-hole power auger drilling program across the Kaninko and Saman Permit areas — both of which are part of NE Bankan and 100 per cent-owned by Predictive.
Specifically, the five-line auger program extended the NE Bankan discovery by 300 metres to grow the combined strike length of Kaninko and Saman.
This drilling was targeting extensions to the NE Bankan gold discovery, a large gold anomalous zone which was identified through soil and laterite sampling programs.
Drilling returned intercepts including 16 metres at 1.13g/t gold and 16 metres at 1.39g/t gold within the new 300 metre-long zone of more than 0.25g/t gold mineralisation.
Predictive is encouraged by the strike length extension and believes there is potential to further extend the NE Bankan trend both to the north and south of the 1.3-kilometre zone.
Another five-line, 65-hole power auger drilling program is in progress to explore further northern extensions. A 21-line, 294-hole power auger drilling is also underway to test the south of the NE Bankan discovery.
This power auger drilling will extend the area drilled to a combined length of 3.8 kilometres.
In the meantime, everse circulation drilling is continuing to test oxide mineralisation within the defined gold mineralised footprint.
Company shares are up 3.37 per cent and are trading for 9.2 cents each at 11:00 am AEST.
