Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts
Managing Director, Paul Roberts
Source: The Market Herald
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  • Drilling at Predictive Discovery’s (PDI) Bankan Project has returned high-grade gold results
  • Diamond drilling at the NE Bankan prospect intersected up to 31.9g/t gold over 17 metres as well as 50.3g/t over seven metres
  • Predictive says these results add a new dimension to the project as it now appears the deposit contains higher grades in a zone that’s expanding at depth
  • The company has also received strong results from drilling at the Bankan Creek, Argo and Bokoro areas which will be followed up with drilling
  • Company shares are up 42.1 per cent and trading at 13.5 cents

Predictive Discovery (PDI) has announced new results from drilling across its Bankan Project which is located in Guinea’s Siguiri Basin.

Some of today’s results come from diamond drilling at the NE Bankan deposit which intersected very high gold grades over broad widths.

Results from the first of the two reported holes include 49.7 metres at 11.7 grams of gold per tonne (g/t) from 301 metres including 17 metres at 31.9g/t gold from 313 metres including seven metres at 50.3g/t gold.

Results from the other hole include 55.6 metres at 5.7g/t gold from 237 metres including 40 metres at 7.3g/t gold from 239 metres.

Positively, these assays uncovered a high-grade zone which is already 100 to 200 metres long, extends down-dip for over 250 metres and is open at depth.

Managing Director, Paul Roberts, commented on the NE Bankan results.

“Until now, NE Bankan has been shaping up as a large gold deposit with excellent geometry for a large-scale open pit mine. These new results have added a whole new dimension to the project as it now appears the core of the deposit contains consistently higher grades in a zone which is expanding at depth.”

Additional results have come from a recently completed resource drilling program at the Bankan Creek deposit.

Best results include 18 metres at 2.3g/t gold from six metres, 26 metres at 2.9g/t gold from 39 metres including eight metres at 6.3g/t gold from 50 metres.

Mineralisation at Bankan Creek extends for around 300 metres along strike and remains open at depth and to the south.

Further, power auger and sampling programs at the Argo and Bokoro permits continue to identify potential widespread gold.

Encouraging rock chip sample results include 20 metres at 1.3g/t gold from four metres including four metres at 6g/t gold from four metres, and 24 metres at 0.8g/t gold from four metres including four metres at 3.6g/t gold from eight metres.

“Elsewhere, we continue to obtain broad, good-grade shallow gold intercepts at Bankan Creek and are continuing to obtain encouraging gold results in our regional auger program, adding to our inventory of regional drill targets on the Bankan Project,” Mr Roberts said.

Predictive Discovery plans to follow up on these results with further drilling and exploration.

Company shares were up 42.1 per cent and trading at 13.5 cents at 10:26 am AEST.

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