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

Subscribe

Be the first with the news that moves the market
  • Predictive Discovery (PDI) has been granted an exploration permit over the Saman Project in Guinea’s Siguiri Basin
  • Saman was previously held through a reconnaissance authorisation, which only allows for activities such as sampling and mapping
  • The new Saman permit sits directly next to Predictive’s Kaninko Permit, which has yielded significant results this year
  • Predictive believes Saman may contain a possible northern extension to a mineralised power auger hole in the northeast Bankan gold mineralised zone
  • Additionally, a 65-hole power auger drilling program has been completed and further drilling will be conducted at Saman within the next week
  • Company shares are up a slight 2.60 per cent and are trading for 7.9 cents each

Predictive Discovery (PDI) has been granted an exploration permit over the Saman Project in Guinea, which was previously held through a reconnaissance authorisation.

Reconnaissance authorisations are short-term tenements where exploration activities such as geochemical sampling and geological mapping are permitted.

An exploration permit, however, is a longer-term holding with a three-year initial term with two additional two-year renewals for a total of seven years. When granted an exploration permit, the company can undertake advanced exploration such as reverse circulation (RC) and diamond drilling.

The new Saman Project permit sits directly next to Predictive’s Kaninko Permit. Saman may contain a possible northern extension to the northernmost mineralised power auger hole in the NE Bankan gold mineralised zone, where grades of 6.82g/t of gold have been returned.

Predictive Discovery has also announced the completion of its 65-hole power auger drilling program. This program was designed to explore strike extensions of the NE Bankan discovery within the Saman Permit in the Siguiri Basin.

The company will expand on this program with further power auger drilling expected to commence on Saman within the next week.

Company shares are up a slight 2.60 per cent and are trading for 7.9 cents each at 11:11 am AEST.

PDI by the numbers
More From The Market Herald
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan

" Venus Metals (ASX:VMC) intersects encouraging mineralisation at Vidure

Venus Metals (VMC) has intersected encouraging copper-nickel-platinum group element (PGE) mineralisation at the Vidure Prospect.

" Whitehaven Coal (ASX:WHC) uses record prices to pay down debt

Whitehaven Coal (WHC) will use the uplift

" Alderan Resources (ASX:AL8) commences drilling at Detroit

Alderan Resources (AL8) has commenced drilling at its Detroit copper gold project, located in the US state of Utah.
RareX (ASX:REE) - Managing Director, Jeremy Robinson

" RareX (ASX:REE) begins scoping study at Cummins

RareX (REE) has begun a scoping study at its flagship Cummins Range Critical Metals Project.