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Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts - The Market Herald
  • Predictive Discovery has announced further promising results at its Ouarigue South Prospect in Cote D'Ivoire
  • The prospect lies within the Ferkessedougou North Gold Project, which PDI shares with joint venture partner Resolute Mining (RSG)
  • The current program has confirmed an extension to the known mineralised zone, which is still not fully defined at depth
  • Further extension and infill drilling will aim to identify the true depth of the system and improve understanding of the grade distribution and potential internal high-grade plunges held within it
  • Predictive Discovery is up another 26 per cent today, with shares trading for 6.3 cents each while Resolute Mining is steady, trading for 96.5 cents a share

In a big week for Predictive Discovery (PDI), the company has today announced further promising results at its Ouarigue South Prospect in Cote D'Ivoire.

During the week, a successful $600,000 placement was closely followed by promising results at its Kaninko project in Guinea, leading to a tenfold increase in its share price since late March.

Ouarigue South

The prospect lies within the Ferkessedougou North Gold Project, which PDI shares with joint venture partner Resolute Mining (RSG). Exploration has been ongoing since 2016 when soil sampling revealed a 17 kilometre-long zone of gold-in-soil anomalies.

Follow-up trenching in 2017 and reconnaissance reverse circulation (RC) drilling in 2018 revealed widespread gold mineralisation. A series of drill intercepts from the Ouarigue South prospect over a one-kilometre stretch included one 25-metre core sample at 3.06 grams per tonne (g/t) gold, including four metres at 13.78g/t.

Another diamond drilling program was completed in April last year to explore the shape and grade distribution of the Ouarigue South gold mineralised body. This new announcement details the refinement of that program, with a further diamond drilling program in January extending the known resource.

Positive Results

The program has confirmed a mineralised granitoid intrusion 150 metres long and 60 to 100 metres thick, dipping down at a diagonal over 200 metres long. The find still hasn't been defined to its full extent at depth.

The drilling revealed significant mineralisation throughout the structure, with most results sitting around 1-2g/t gold. Certain stretches showed much greater returns, including 14 metres at 10.74g/t, and another 9.75 metres at 7.46g/t.

Next Steps

Managing Director Paul Roberts says the results bode well for further discoveries in the area.

"The results from Ouarigue South provide further strong encouragement of the strength of this mineralised gold system and highlights the potential of making more discoveries along the “Leraba” gold-in-soil geochemical trend," he said.

"These results further strengthen our confidence that Ouarigue South has the potential to host a valuable gold resource, the limits of which are still to be defined."

PDI Managing Director Paul Roberts

Further extension and infill drilling will aim to identify the true depth of the system and improve understanding of the grade distribution and potential internal high-grade plunges held within it.

Owing to current COVID-19 restrictions in Cote D’Ivoire, the planned power auger and air core drilling programs that were meant to start after the current diamond drilling have been suspended. Predictive will make further announcements when the suspension is lifted and drilling can recommence.

Predictive Discovery is up another 26 per cent today, with shares trading for 6.3 cents each while Resolute Mining is steady, trading for 96.5 cents a share at 4:03 pm AEST.


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